Ajax Engineering IPO 2025: Price Band, GMP, Lot Size, and Key Details
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The Ajax Engineering IPO has its price band set at ₹599 to ₹629 per share. The subscription window opens on February 10, 2025, and closes on February 12, 2025, with anchor investor allocation on February 7, 2025.
This IPO is an offer-for-sale of 2.01 crore equity shares. The retail quota is 35%, QIB (Qualified Institutional Buyers) gets 50%, and HNI (High Net-worth Individuals) takes 15%. The shares are going to list on BSE and NSE on February 17, 2025, with allotment happening on February 13, 2025.
The company's revenue in 2024 was ₹1,780.07 crores, up from ₹1,172.57 crores in 2023, and profit after tax jumped to ₹225.28 crores from ₹135.53 crores. Considering these financials, long-term investment in this IPO might be wise.
Ajax Engineering IPO Details
| Detail | Information |
|---|---|
| IPO Open Date | February 10, 2025 |
| IPO Close Date | February 12, 2025 |
| Price Band | ₹599 to ₹629 per share |
| Issue Size | Approx ₹1,269.35 Crores |
| GMP (as of Feb 5th) | ₹ 70 (11.12%) |
| Offer for Sale | 2,01,80,446 Equity Shares |
| Listing on | BSE & NSE |
Ajax Engineering IPO Market Lot
The minimum market lot for the Ajax Engineering IPO is 23 shares, with an application amount of ₹14,467. Retail investors can apply for up to 13 lots, which means 299 shares, amounting to ₹1,88,071.
| Application | Lot Size | Shares | Amount (₹) |
|---|---|---|---|
| Retail Minimum | 1 | 23 | ₹ 14,467 |
| Retail Maximum | 13 | 299 | ₹ 1,88,071 |
| S-HNI Minimum | 14 | 322 | ₹ 2,02,538 |
| B-HNI Minimum | 70 | 1,610 | ₹ 10,12,690 |
About Ajax Engineering IPO
Ajax Engineering, based in Bengaluru, was originally founded as 'Ajax Fiori Engineering (India) Private Limited' in July 1992. They've partnered with concrete equipment manufacturers and have sold over 27,800 units in India. Their dealer network spans across India, Nepal, and Bhutan. The company is currently building a manufacturing plant in Adinarayanahosahalli, expected to be completed by 2025.
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Ajax Engineering IPO Registrar
Link Intime India Private Limited
Phone: +91 81 0811 4949
E-mail: ajaxengineering.ipo@linkintime.co.in
Website: linkintime.co.in
Company Address
Ajax Engineering Limited
253/1, 11th Main Road, 3rd Phase, Peenya
Industrial Area, Bengaluru 560 058, Karnataka, India
Phone: +91 82 9633 6111
E-mail: complianceofficer@ajax-engg.com
Website: www.ajax-engg.com
FAQs
1. What is the Ajax Engineering IPO?
It is a Mainboard IPO set to raise ₹1,269.35 Crores, with a price range of ₹599 to ₹629 per share, and will be listed on both BSE & NSE.
2. When will the Ajax Engineering IPO open for subscription?
The IPO opens for subscription on February 10, 2025, for QIB, NII, and Retail Investors, and will close on February 12, 2025.
3. When is the allotment date for the Ajax Engineering IPO?
The allotment is scheduled for February 13, 2025.
4. When will the Ajax Engineering IPO be listed?
The IPO is set to be listed on February 17, 2025.
5. What is the lot size for the Ajax Engineering IPO?
Investors need to bid for a minimum of 23 shares, amounting to ₹14,467.
For further queries, contact the IPO registrar, Linkintime.