05-Feb-2025
2 mins read
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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 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. 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 Subscription?
The IPO subscription is a process by which investors bid for shares of the company during its first public offer. Investors from the different categories like retail, institutional and non-institutional apply for shares within the IPO price-band. The level of subscription is measured in terms of how many times shares offered are applied.
A higher subscription time in a specific category reflects strong investors' interest and high demand. Whereas, low subscription reflects lack of demand and under subscription. The subscription data is updated daily which drives the investors sentiment while applying for any IPO.