05-Feb-2025
2 mins read
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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 GMP Live status will indirectly impact the sentiments of the IPO investors. If the Grey Market Premium is quoting at 15% or above, then the possibility of the oversubscription increases.
However, if the Live IPO GMP quotes is below 10% premium, then most investors tend to lose interest in applying in the IPO and the probability of the under-subscription increases.
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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 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.
4. 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.
5. 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.
What is an IPO GMP?
IPO GMP, full form is Initial Public Offering Grey Market Premium. It refers to the premium price at which shares of the upcoming IPO are getting traded. IPO GMP gives an idea to the investors of the official IPO listing price.
The grey market is an unregulated platform where traders buy IPO shares based on demand and supply and aim for listing gains. The IPO GMP indicates market sentiments and expectations of the upcoming IPO.
A high IPO GMP indicates strong interest of investors and expectation of positive listing in the stock exchange. Whereas, low IPO GMP indicates lack of interest of the investors. However, IPO GMP is very speculative and doesn’t guarantee actual listing outcomes