AJAX ENGINEERING LIMITED

10 Feb 2025 - 12 Feb 2025 Employee Category Main Board BSE NSE

Min Investment

₹14467

Price Band

₹599-₹629

Issue Size

141.5 lakhs
Equity Shares

Lot Size

23

IPO Dates
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10 Feb 2025

Open Date

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12 Feb 2025

Close Date

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13 Feb 2025

Allotment Date

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17 Feb 2025

Listing Date

Ajax Engineering IPO open date is 10 February to 12 February 2025. This new IPO is a book-built issue of up to 201.8 lakh equity shares. 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 are 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.

Know Before Investing

Strengths icon

  • Strong product line with 141 concrete equipment variants
  • Extensive dealer network covering 23 states with 114 touchpoints
  • Large customer base with 29800+ units sold nationwide

Weaknesses icon

  • Manufacturing facilities concentrated only in Karnataka state
  • Limited international presence with only 25 overseas dealers
  • Low proportion of technical staff at 16% of workforce

About Ajax Engineering Limited

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. 

Founded

1992

Managing Director

Shubhabrata Saha

Parent Organization

-

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

Company Promoters

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

The Johns Loaves Trust

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0

How to Apply for IPO

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IPO Allotment

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