Ajax Engineering IPO GMP, Open Date, Allotment Status

Ajax Engineering IPO open date is 10 February to 12 February 2025. This new IPO is a book-built issue of up to 2.02 crore equity shares worth up to Rs 1,269.35 crore. This upcoming IPO is offering entirely an offer-for-sale.

Ajax Engineering IPO price band is Rs 599 – Rs 629 per share. As of now, Ajax Engineering IPO GMP Live quotation is at Rs 45 per share.  Live IPO Grey Market Premium details is visible online.

Ajax Engineering IPO allotment status will be finalised on 13 February 2025. This IPO 1 lot size is 23 shares. The minimum investment for the retail investors for 1 lot is Rs 14,467. The registrar for Ajax Engineering IPO is Link Intime India Private Limited. While the listing date is 17 February 2025.

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Ajax Engineering IPO GMP

Ajax Engineering IPO GMP is 45 indicating mid bullish sentiment among investors. The IPO GMP today indicates huge interest of retail investors. You can check the latest IPO Grey Market Premium today online. If the subscription got oversubscribed then Ajax Engineering IPO GMP might rise in the coming days. 

Ajax Engineering IPO Price Band

Ajax Engineering IPO price band is Rs 599 – Rs 629 per share. The minimum amount of investment for the retail category is Rs 14,467 and for small NII minimum investment is Rs 2,02,538. The minimum investment for the Big NII is to be around Rs 10,12,690.

Ajax Engineering IPO Open Date, Close Date

Ajax Engineering IPO open date is 10 February 2025 and closing date is 12 February 2025. Initiation of refund date is 14 February 2025 and credit of shares will be on 14 February 2025. 

Ajax Engineering IPO Allotment Status

Ajax Engineering IPO allotment status will be finalised on 13 February 2025. The Listing will be on the BSE and NSE platforms on 17 February 2025. The registrar of this IPO is Link Intime India Private Limited. Investors can check their allotment status after the subscription of the IPO ends.

Ajax Engineering IPO Listing Date

Ajax Engineering IPO's listing date is 17 February 2025. The Listing will be on both the NSE and BSE exchanges. Retail investors can sell the shares after 10 AM on the listing day.

Ajax Engineering IPO: Listing Date, Lot Size, Price Band

Ajax Engineering Limited: About the Company

Ajax Engineering Limited, established in 1992 and headquartered in Bangalore, India, specialises in manufacturing self-loading concrete mixers and other construction equipment. 

The company has evolved into a global leader in its field, offering a comprehensive range of products, including concrete batching plants, boom pumps, and slip-form pavers. With state-of-the-art manufacturing facilities in Doddaballapur and Gowribidanur, Ajax is committed to innovation and customer-centric solutions. 

The firm reported operating revenues exceeding INR 500 crore for the financial year ending March 2023, with a significant increase in EBITDA and net worth. Ajax Engineering is ISO 9001:2015 and ISO 14001:2015 certified, ensuring adherence to international quality standards in its operations and products. 

Ajax Engineering IPO Objectives

Ajax Engineering is offering entirely an offer for sale, which means the existing shareholders are offering their shares as an in-public issue; there will be no fresh issue by the company. The funds received from the public issue will be directly credited to the respective selling shareholders bank account

Ajax Engineering IPO: Key Dates, Allotment, Listing Date

Ajax Engineering IPO Subscription Status, IPO Reservation

Ajax Engineering IPO subscription reservations are as follows: not more than 50% of the net issue is reserved for QIB (Qualified Institutional Buyers), not less than 35% for the retail investors and not more than 15% for the HNI category is reserved. 

Ajax Engineering IPO Lot Size Details

Ajax Engineering IPO lot size is 23 shares. For retail, the minimum lot size is 1 lot, amounting to around Rs 14,467 and the maximum is 13 lots, amounting to be around Rs 1,88,071. For small HNI, the minimum lot size is 14, amounting to be around Rs 2,02,538.

Ajax Engineering IPO Promoter Holdings

Ajax Engineering IPO promoters are Krishnaswamy Vijay, Jacob Jiten John, Kalyani Vijay, Madhuri Vijay, Prashanth Vijay, Rachel Rekha Hansen, Savitha Christeena Alexander, Sean Alexander, Green Haven Trust, Ohana Trust, Jacob Hansen Family Trust and The Johns Loaves Trust. Shareholdings before the IPO were 93.50%; however, after the IPO, shareholdings will decline. 

Ajax Engineering IPO Registrar

Ajax Engineering IPO registrar is Link Intime India Private Limited. On 13 February 2025 investors can click on the registrar website and select the name of the company and enter PAN number or application ID to know their allotment status.

Ajax Engineering IPO Lead Managers

Ajax Engineering IPO lead managers are ICICI Securities Limited, Citigroup Global Markets India Private Limited, JM Financial Limited, Nuvama Wealth Management Limited and SBI Capital Markets Limited.

How to apply to Ajax Engineering IPO

Interested investors can apply to the Ajax Engineering IPO directly from the Bigul trading app and you can also apply by clicking here. Investors can also check the details of other upcoming IPO in Bigul.

Ajax Engineering IPO Review

Ajax Engineering Limited (AEL) is a leading player in the Self-Loading Concrete Mixer (SLCM) market, holding over 75% share. The company has shown steady growth in revenue and profits, even during election periods. 

Typically, around 35% of its yearly revenue comes in the first half, while 60% is earned in the second half. Based on its recent financial performance, the IPO is reasonably priced compared to its competitors. Investors looking for medium- to long-term gains may find it a good opportunity.

Ajax Engineering IPO FAQ

1. What are the details of Ajax Engineering IPO?

Ajax Engineering IPO is a book-built issue of Rs 1,269.35 crore. This upcoming IPO is offering entirely an offer for the sale of 2.02 crore equity shares; there is no fresh issue. 

2. When will Ajax Engineering IPO open and close?

Ajax Engineering IPO open date is 10 February and closing date is 12 February 2025. Initiation of refund date is 14 February, 2025 and credit of shares to Demat will be on 14 February, 2025. 

3. What is Ajax Engineering IPO GMP Live?

Ajax Engineering IPO GMP is 45 indicating mid bullish sentiment among investors. The IPO GMP today indicates huge interest of retail investors. You can check the latest IPO Grey Market Premium today online. If the subscription got oversubscribed then Ajax Engineering IPO GMP might rise in the coming days. 

4. What are the details of Ajax Engineering IPO Subscription Status?

Ajax Engineering IPO subscription status will be available after the IPO opens on 10 February, 2025. In the QIB category 50% of the net offer is reserved. The remaining 35% is reserved for the retail investors and 15% is for Non-Institutional investors. 

5. Write the details of the IPO Allotment Status.

Ajax Engineering IPO allotment status will be finalised on 13 February, 2025. The Listing will be on the BSE and NSE platforms, on 17 February, 2025. The registrar of this IPO is Link Intime India Private Limited. Investors can check their allotment status after the subscription of the IPO ends.

6. Who is the registrar and lead managers for Ajax Engineering IPO?

Ajax Engineering IPO registrar is Link Intime India Private Limited. On the date of allotment, Investors can click on the registrar's website and select the name of the company and enter PAN number or application ID to know their allotment status. Ajax Engineering IPO lead managers are ICICI Securities Limited, Citigroup Global Markets India Private Limited, JM Financial Limited, Nuvama Wealth Management Limited and SBI Capital Markets Limited.

Also Read:

• What is IPO?
• What is IPO GMP?
• Difference between IPO and FPO For Beginners
• Difference between SME IPO and Mainline IPO?