Ajax Engineering IPO Details
IPO Open Date: | February 10, 2025 |
IPO Close Date: | February 12, 2025 |
Face Value: | ₹1 Per Equity Share |
IPO Price Band: | ₹599 to ₹629 Per Share |
Issue Size: | Approx ₹1,269.35 Crores |
Offer for Sale: | Approx 2,01,80,446 Equity Shares |
Issue Type: | Book Built Issue |
IPO Listing: | BSE & NSE |
Retail Quota: | Not more than 35% |
QIB Quota: | Not more than 50% |
NII Quota: | Not more than 15% |
Employee Discount: | 59.00 |
DRHP Draft Prospectus: | Click Here |
RHP Draft Prospectus: | Click Here |
Anchor Investors List: | Click Here |
Ajax Engineering IPO Market Lot
The Ajax Engineering IPO minimum market lot is 23 shares with ₹14,467 application amount. The retail investors can apply up-to 13 lots with 299 shares of ₹1,88,071 amount.
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 |
Category | Maximum Bidding Limits | Bidding at Cut-off Price |
Only RII | Up to Rs 2 Lakhs | Yes |
Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
Only employee | Up to Rs 5 Lakhs | Yes |
Employee + RII/NII | Employee limit: Up to Rs 5 Lakhs (In certain cases, employees are given discount if bidding amount is upto Rs. 2 lakhs)If applying as RII: Upto Rs. 2 lakhsIf applying as NII: sNII > Rs. 2 lakhs and upto Rs. 10 lakhs and bNII > Rs. 10 lakhs | Yes for shareholder/RII |
Ajax Engineering IPO Dates
The Ajax Engineering IPO date is February 10 and the close date is February 12. The Ajax Engineering IPO allotment will be finalized on February 13 and the IPO listing on February 17.
IPO Open Date: | February 10, 2025 |
IPO Close Date: | February 12, 2025 |
Basis of Allotment: | February 13, 2025 |
Refunds: | February 14, 2025 |
Credit to Demat Account: | February 14, 2025 |
IPO Listing Date: | February 17, 2025 |
Ajax Engineering IPO Promoter Holding
The promoters of the company are 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 | 93.50% |
Share Holding Post Issue | – |
About Ajax Engineering
Ajax Engineering Bengaluru-based was founded as ‘Ajax Fiori Engineering (India) Private Limited’ on July 3, 1992.
It had tied up with the concrete equipment manufacturer and has sold over 27,800 pieces of concrete equipment in India. Ajax has a reliable network of dealers across the entire country, including Nepal and Bhutan. The company is constructing a manufacturing plant in Adinarayanahosahalli, which is set to be finished in 2025.
Ajax Engineering had 1,741 crores in revenue in FY 2024 and a total income is 17,800.74. Additionally, the company has total non-current assets amounting to 2,670.94 million and total current assets of 9,690.48 million. Moreover, Total equity and liabilities are 12,361.42 in FY 2024.
Ajax Engineering IPO Company Financial Report
The company reported revenue of ₹1,780.07 crores in 2024 against ₹1,172.57 crore in 2023. The company reported profit of ₹225.28 crores in 2024 against profit of ₹135.53 crores in 2023.
Amount ₹ in Crores
Period Ended | Revenue | Expense | Profit After Tax | Assets |
2022 | ₹771.85 | ₹681.43 | ₹66.38 | ₹735.31 |
2023 | ₹1,172.57 | ₹989.62 | ₹135.53 | ₹966.73 |
2024 | ₹1,780.07 | ₹1,478.16 | ₹225.28 | ₹1,236.14 |
September 2024 | ₹794.16 | ₹657.03 | ₹101.24 | ₹1,348.76 |
Ajax Engineering IPO Valuation – FY2024
Check Ajax Engineering IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
KPI | Values |
ROE: | 24.53% |
ROCE: | 32.82% |
EBITDA Margin: | 15.82% |
PAT Margin: | 12.65% |
Debt to equity ratio: | 0.01 |
Earning Per Share (EPS): | ₹19.68 (Basic) |
Price/Earning P/E Ratio: | N/A |
Return on Net Worth (RoNW): | 19.39% |
Net Asset Value (NAV): | ₹80.24 |
Peer Group Comparison
Company | EPS | PE Ratio | RoNW % | NAV | Income |
Action Construction Equipment Limited | 27.56 | 45.38 | 26.65% | 103.42 | 2990.90 Cr. |
BEML Limited | 67.66 | 58.07 | 10.56% | 640.55 | 4096.56 Cr. |
Escorts Kubota Limited | 96.80 | 39.49 | 11.44% | 780.83 | 9248.21 Cr. |
Objects of the Issue
- The Company will not receive any proceeds of the Offer. Each of the Selling Shareholders will be entitled to the respective proportion of proceeds of the Offer for Sale after deducting its portion of the Offer-related expenses and the relevant taxes thereon.
Ajax Engineering IPO Review
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Ajax Engineering IPO Registrar
Link Intime India Private Limited
Phone: +91 81 0811 4949
E-mail: [email protected]
Website: https://www.linkintime.co.in/Initial_Offer/public-issues.html
IPO Lead Managers aka Merchant Bankers
- ICICI Securities Limited
- Citigroup Global Markets India Private Limited
- JM Financial Limited
- Nuvama Wealth Management Limited
- SBI Capital Markets Limited
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
Email: [email protected]
Website: www.ajax-engg.com
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