Ajax Engineering
Mainboard₹14,467 / 23 Shares
IPO Live Subscription Details
| Category | Subscription (Times) |
|---|---|
| Date | 12 Feb 2025,06:45:00 PM |
| QIBs | 14.41 |
| NII | Bids above ₹10L: 7.88 times Bids below ₹10L: 3.63 times NII Total: 6.46 |
| Retail | 1.92 times |
| Employee | 2.62 times |
| Total | 6.44 times |
Ajax Engineering IPO Details
The Ajax Engineering IPO price band is set between ₹599-629 per equity share, with a face value of ₹1 per share. The issue is managed by Link Intime India Private Ltd, and the equity shares are proposed to be listed on the Mainboard.
The IPO date for subscription opens on 10 Feb, 2025 and closes on 12 Feb, 2025. Investors can check the allotment status on 13 Feb, 2025, while the listing date is tentatively scheduled for 17 Feb, 2025.
The total issue size is OFS : 2,01,80,446 shares, aggregating up to ₹1,269.35 Cr. Stay tuned for the latest Ajax Engineering IPO review and GMP updates.
Ajax Engineering IPO Review, Rating & Analysis
Ajax Engineering IPO Review
NO REVIEWAjax Engineering IPO Rating
Ajax Engineering IPO Highlights
IPO Date
Feb 10, 2025 - Feb 12, 2025
Listing Date
17 Feb, 2025
Face Value
₹1 Per Equity Share
Price Band
₹599-629 per equity share
Lot Size
23 Shares
Fresh Issue
Shares
Offer for Sale
2,01,80,446 shares
Listing At
BSE, NSE
Ajax Engineering IPO Lot Size
The minimum market lot for Ajax Engineering IPO is 23 shares with an application amount of ₹14,467. Retail investors can apply for up to 13 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 23 | ₹14,467 |
| Retail (Max) | 13 | 299 | ₹1,88,071 |
| S-HNI (Min) | 14 | 322 | ₹2,02,538 |
| S-HNI (Max) | 69 | 1587 | ₹9,98,223 |
| B-HNI (Min) | 70 | 1610 | ₹10,12,690 |
Ajax Engineering IPO Timeline
Issue Price
₹599-629 per equity shareFace Value
₹1 Per Equity ShareListing at Group
BSE, NSERegistrar
Link Intime India Private LtdLead Manager
ICICI Securities LimitedCitigroup Global Markets India Private LimitedJm Financial LimitedNuvama Wealth Management LimitedSBI Capital Markets LimitedIssue Size
OFS : 2,01,80,446 shares(aggregating up to ₹1,269.35 Cr)Ajax Engineering IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31 Mar 24 | 1236.14 | 1780.07 | 225.15 | 917.96 | 906.52 | 6.23 |
| 31 Mar 23 | 966.73 | 1172.57 | 135.9 | 713.8 | 702.36 | 10.14 |
| 31 Mar 22 | 735.31 | 771.85 | 66.21 | 578.27 | 575.41 | 7.16 |
All values are in ₹ Cr.
Ajax Engineering IPO Valuations
EPS Pre IPO
₹19.68/-EPS Post IPO
₹17.66/-PE Pre IPO
31.96PE Post IPO
35.62ROE
24.53%ROCE
32.82%Debt Equity
0.01RoNW
19.39%PAT Margin
12.65Price to Book Value
7.84Promoters & Share Holding
Promoter(s) Name
- 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.
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 93.50% | 80.00% |
About Company
Established in July 1992, Ajax Engineering Limited designs and manufactures concrete equipment and provides services in the value chain. The company has developed 110 variants of concrete equipment for the value chain, and over 27,800 units have been sold in India in the last ten years as of March 31, 2024.
As of March 31, 2024, the total workforce in design, engineering, and development team is 76 full-time employees, about 17.16% of the total workforce.
As of March 31, 2024, Ajax Engineering Limited has four facilities in the state of Karnataka located at Obadenahalli, Gowribidanur, and Bashettihalli, which produce different ranges of products, especially Obadenahalli.As of March 31, 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.
The company has established 25 dealers and distributors across South and Southeast Asia, the Middle East, and Africa as of March 31, 2024.The company has sold concrete equipment and spare parts to over 15,700 customers as of March 31, 2024.
As of March 31, 2024, the service team comprised 83 employees, including coordinators, managers, specialists, and customer service executives supporting our dealer network.
Ajax Engineering IPO Subscription Details
| As on | QIB | NII bNII sNII | Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 40,20,300 | 30,15,225 20,10,150 10,05,075 | 70,35,525 | 1,41,49,997 |
Day 1 -10-02-25 05:00 PM | 0.26 x | 0.28 0.24 x 0.36 x | 0.29 x | 0.28 x |
Day 2 -11-02-25 05:00 PM | 0.33 x | 0.61 0.52 x 0.78 x | 0.51 x | 0.48 x |
Day 3 -12-02-25 05:00 PM | 14.41 x | 6.46 7.88 x 3.63 x | 1.92 x | 6.44 x |
Retail:0.82x
BHNI:1.20x
SHNI:3.49x times
Company Contact Details
Ajax Engineering
253/1, 11th Main Road, 3 rd Phase, Peenya Industrial Area, Bengaluru 560058Registrar Contact Details
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: ajaxengineering.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
Frequently Asked Questions about Ajax Engineering IPO
When will Ajax Engineering IPO open for subscription?
The Ajax Engineering IPO opens on 10 Feb, 2025 and closes on 12 Feb, 2025.
What is the investors portion for Ajax Engineering IPO?
The investors' portion for QIB is 14.41 x, NII is 7.88 x, and Retail is 1.92 x.
How to apply for Ajax Engineering IPO?
You can apply for Ajax Engineering IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of Ajax Engineering IPO?
The issue size of Ajax Engineering IPO is approx ₹OFS : 2,01,80,446 shares(aggregating up to ₹1,269.35 Cr) crores.
What is the price band of Ajax Engineering IPO?
The price band for Ajax Engineering IPO is ₹599 to ₹629 per equity share.
What is the lot size of Ajax Engineering IPO?
The minimum bid (lot size) for Ajax Engineering IPO is N/A shares with an investment of approx ₹14,467 .
What is the allotment date of Ajax Engineering IPO?
The allotment date for Ajax Engineering IPO is 13 Feb, 2025.
What is the listing date of Ajax Engineering IPO?
The listing date for Ajax Engineering IPO is expected to be 17 Feb, 2025.
What is the GMP of Ajax Engineering IPO?
The latest Grey Market Premium (GMP) for Ajax Engineering IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.