Ajax Engineering IPO Date, Review, Price, Allotment Details

Ajax Engineering IPO open date is February 10, 2025 and the IPO will close on February 12, 2025. Ajax Engineering IPO is a Book Built Issue. The company to raise around ₹1,269.35 crores via IPO that comprises fresh issue of ₹[.] crores and offer for sale up to 2,01,80,446 equity shares with face value of ₹1 each.

Ajax Engineering IPO price band is ₹599 to ₹629 per share. The retail quota is 35%, QIB is 50%, and HNI is 15%. Ajax Engineering IPO to list on BSE, NSE on February 17, 2025. The allotment of Ajax Engineering IPO date is February 13, 2025.

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. As per the financials the IPO investors should apply the IPO for a long term.

Ajax Engineering IPO

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.

ApplicationLot SizeSharesAmount
Retail Minimum123₹14,467
Retail Maximum13299₹1,88,071
S-HNI Minimum14322₹2,02,538
B-HNI Minimum701,610₹10,12,690

CategoryMaximum Bidding LimitsBidding at
Cut-off Price
Only RIIUp to Rs 2 LakhsYes
Only sNIIRs 2 Lakhs to Rs 10 LakhsNo
Only bNIIRs 10 Lakhs to NII Reservation PortionNo
Only employeeUp to Rs 5 LakhsYes
Employee + RII/NIIEmployee 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 lakhsYes 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 Issue93.50%
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 EndedRevenueExpenseProfit After TaxAssets
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.

KPIValues
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

CompanyEPSPE RatioRoNW %NAVIncome
Action Construction Equipment Limited27.5645.3826.65%103.422990.90 Cr.
BEML Limited67.6658.0710.56%640.554096.56 Cr.
Escorts Kubota Limited96.8039.4911.44%780.839248.21 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

  • Canara Bank –
  • DRChoksey FinServ –
  • Emkay Global –
  • Hem Securities –
  • IDBI Capital –
  • Marwadi Shares –
  • Nirmal Bang –
  • SBICAP Securities –
  • Sharekhan –
  • SMC Global –
  • Sushil Finance –
  • Swastika Investmart –
  • Ventura Securities –
  • Geojit –
  • Reliance Securities –
  • Capital Market –
  • BP Wealth –
  • ICICIdirect –
  • Choice Broking –

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

Ajax Engineering IPO FAQs

What is Ajax Engineering IPO?

Ajax Engineering IPO is a Mainboard IPO. The company is going to raise ₹1,269.35 Crores via IPO. The issue is priced at ₹599 to ₹629 per equity share. The IPO is to be listed on BSE & NSE.

When Ajax Engineering IPO will open for subscription?

The IPO is to open on February 10, 2025 for QIB, NII, and Retail Investors. The IPO will close on February 12, 2025.

What is Ajax Engineering IPO Investors Portion?

The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.

How to Apply the Ajax Engineering IPO?

You can apply for Ajax Engineering IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

What is Ajax Engineering IPO Issue Size?

Ajax Engineering IPO issue size is ₹1,269.35 crores.

What is Ajax Engineering IPO Price Band?

Ajax Engineering IPO Price Band is ₹599 to ₹629.

What is Ajax Engineering IPO Lot Size?

The minimum bid is 23 Shares with ₹14,467 amount.

What is the Ajax Engineering IPO Allotment Date?

Ajax Engineering IPO allotment date is February 13, 2025.

What is the Ajax Engineering IPO Listing Date?

Ajax Engineering IPO listing date is February 17, 2025. The IPO is to list on BSE & NSE.

Note: The Ajax Engineering IPO price band and date are officially announced. The (Ajax Engineering IPO grey market premium) will be added to the IPO GMP page as it will start).
    Share the Post:
    Facebook
    Twitter
    LinkedIn

    Leave a Reply

    Your email address will not be published. Required fields are marked *