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Ajax Engineering Ltd.

Ajax Engineering Ltd.

NSE & BSE · Mainboard IPO
Listed NSE & BSE Mainboard Live Chart
Issue Price
₹629
₹629
GMP (Grey Market)
NIL
Unofficial data only
Est. Listing Price
₹629
Based on GMP
Min. Investment
₹14,467
1 lot × 23 shares
Subscribed
1.00x
Over-subscribed
IPO Details
Open Date
10 Feb 2025
Close Date
12 Feb 2025
Allotment
13 Feb 2025
Listing Date
17 Feb 2025
Exchange
NSE & BSE
Price Band
₹629
Listing Price
See chart
Allotment Status
Price Band
₹629
Per share
Face Value
₹1 per share
 
Lot Size
23 Shares
per lot
Issue Size
2,01,80,446 shares (aggregating up to ₹1,268.93 Cr)
Total offering
Issue Type
Bookbuilding IPO
 
Min Investment
₹14,467
1 lot
Pre-IPO Holding
11,44,06,800 shares
Promoters
Post-IPO Holding
11,44,06,800 shares
Promoters
P/E (Pre)
31.96x
 
P/E (Post)
35.62x
 
EPS (Pre)
₹19.68
 
EPS (Post)
₹17.66
 
UPI Deadline
2025-02-12
Mandate
Anchor AllotmentFri, 07 Feb 2025
Basis of AllotmentThu, 13 Feb 2025
Refund InitiationFri, 14 Feb 2025
Demat CreditFri, 14 Feb 2025
Listing DayMon, 17 Feb 2025
UPI Mandate Deadline2025-02-12
Sale TypeOffer For Sale
QIB Quota50% of Net Issue
HNI / NII Quota15% of Net Issue
Retail Quota35% of Net Issue
Check AllotmentClick here →
Subscription Rate Final
Ajax Engineering Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 12 Feb 2025.
QIB
1.00x
Over
NII/HNI
1.00x
Over
Retail
1.00x
Over
Total
1.00x
Over
Category Subscription Shares Offered % of Total Amount (₹Cr)
QIB
Over 1.00x
NII / HNI
Over 1.00x
Retail
Over 1.00x
Total 1.00x
20,180,446
100% ₹1,269.35
IPO Shares Offered
Ajax Engineering Ltd. IPO total issue size: ₹1,269.35 Cr.
CategoryShares OfferedAmount (₹Cr)Size (%)
Total 20,180,446 ₹1,269.35
100.00%
* Based on upper price band ₹629 per share
Lot Size & Investment
Lot Size
23
Shares per Lot
Issue Price
₹629.00
Upper Band
Min Investment
₹14,467
1 Lot
ApplicationLotsSharesAmount
Retail (Min — 2 Lots)246₹28,934
Retail (Max — 13 Lots)13299₹188,071
S-HNI (Min — 14 Lots)14322₹202,538
B-HNI (Min — 70 Lots)701,610₹1,012,690
* Issue Price ₹629 × Lot Size 23 shares
IPO Schedule
Anchor
07 Feb 2025
✓ Done
IPO Open
10 Feb 2025
✓ Done
IPO Close
12 Feb 2025
✓ Done
Allotment
13 Feb 2025
✓ Done
Refunds
14 Feb 2025
✓ Done
Demat Credit
14 Feb 2025
✓ Done
Listing Day
17 Feb 2025
✓ Done
Ajax Engineering Ltd. — Live Price LIVE
₹629.00
INR · BSE
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Issue ₹629.00 Live Price
About Ajax Engineering Ltd.
Incorporated in July 1992, Ajax Engineering Limited manufactures a wide range of concrete equipment and services across the value chain.As of September 30, 2024, The company has developed 141 concrete equipment variants for the value chain and sold over 29,800 units in India in the last ten years.As of September 30, 2024, the design, engineering, and development team has 79 full-time employees, about 15.96% of the total workforce.As of September 30, 2024, Ajax Engineering Limited has four facilities in Karnataka, located at Obadenahalli, Gowribidanur, and Bashettihalli, each specializing in different products, especially the Obadenahalli facility.As of September 30, 2024, The company has 51 dealerships across 23 states in India, providing 114 touchpoints, including 51 headquarters and 63 branches, 34 of which also serve as service centers.As of September 30, 2024, the company has established 25 dealers and distributors across South and Southeast Asia, the Middle East, and Africa.As of September 30, 2024, the company has sold concrete equipment and spare parts to over 15,700 customers.Product Portfolio:Self-loading concrete mixersBatching plantsTransit mixersBoom pumpsConcrete pumpsSelf-propelled boom pumpsSlipform pavers3D concrete printersAs of September 30, 2024, the service team included 85 employees, such as coordinators, managers, specialists, and customer service executives supporting our dealer network.Competitive StrengthMarket leader in a large and fast-growing SLCM marketLeading concrete equipment company with a comprehensive range of concrete equipment, services and solutions across the concrete application value chainStrong in-house design, development and engineering capabilitiesTechnology-led assembly and manufacturing processes and robust supplier networkLarge dealer network with widespread distribution modelDiversified customer base with longstanding relationships in the concrete equipment marketExperienced management team supported by qualified and experienced personnel.
Ajax Engineering Ltd. Financials (Amount in ₹ Crore)
Revenue from Operations
₹1,172.6
31 Mar 2023
₹1,780.1
31 Mar 2024
₹794.2
30 Sep 2024
Profit After Tax (PAT)
₹135.9
31 Mar 2023
₹225.2
31 Mar 2024
₹101.0
30 Sep 2024
Particulars30 Sep 202431 Mar 202431 Mar 2023
Revenue from Operations 794.16 1780.07 1172.57
EBITDA N/A N/A N/A
Profit After Tax (PAT) 101.02 225.15 135.90
Net Worth 995.84 917.96 713.80
Total Assets 1348.76 1236.14 966.73
Reserves & Surplus 984.40 906.52 702.36
Borrowings N/A 6.23 10.14
EBITDA Margin (%) N/A
PAT Margin (%) 12.65%
P/BV Ratio
7.84
RoE
24.53%
RoCE
32.82%
RoNW
19.39%
PAT Margin
12.65%
Debt/Equity
0.01
Issue Structure & Shareholding
Total Shares Offered2,01,80,446 (100.00%)
Net Offer to PublicN/A
Reserved for Market MakerN/A
Pre-Issue Promoter Holding11,44,06,800 shares
Post-Issue Promoter Holding11,44,06,800 shares
P/BV Ratio7.84
RoE24.53%
RoCE32.82%
Debt / Equity0.01
Script CodeN/A
Registrar & Lead Managers
Book Running Lead Managers
ICICI Securities Ltd
Citigroup Global Markets India Pvt.Ltd.
JM Financial Ltd.
Nuvama Wealth Management Ltd.
SBI Capital Markets Ltd.
GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.
IPO Subscription FAQs
How much Ajax Engineering Ltd. IPO subscribed?

Ajax Engineering Ltd. IPO is subscribed 1.00 times by Feb 12, 2025. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor CategorySubscription
Qualified Institutional (QIB)1.00x
Non Institutional (NII/HNI)1.00x
Retail Individual1.00x
Total Subscription1.00x
What is Ajax Engineering Ltd. IPO retail subscription status?

The Ajax Engineering Ltd. IPO retail category is subscribed 1.00 times as of 12 Feb 2025. The retail portion is oversubscribed.

How to subscribe Ajax Engineering Ltd. IPO?

Subscribe via your broker app using ASBA or UPI. Opens 10 Feb 2025 and closes 12 Feb 2025. Min investment: ₹14,467 (1 lot = 23 shares). UPI mandate: 2025-02-12.

How many times Ajax Engineering Ltd. IPO subscribed?

The Ajax Engineering Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Ajax Engineering Ltd. IPO allotment?

Check allotment on the registrar website (MUFG Intime India Pvt.Ltd.) at https://linkintime.co.in. Enter your PAN, application number or DP/Client ID. Allotment date: 13 Feb 2025. Refunds: on 14 Feb 2025.

When Ajax Engineering Ltd. IPO will be listed?

The Ajax Engineering Ltd. IPO listing date is 17 Feb 2025, Monday. Listed on: NSE & BSE. Issue price: ₹629. Estimated listing: ₹629. GMP: NIL.

When Ajax Engineering Ltd. IPO close?

The Ajax Engineering Ltd. IPO closes on 12 Feb 2025, Wednesday. UPI mandate: 2025-02-12. Allotment: 13 Feb 2025. Listing: 17 Feb 2025.