On the last day, Ajax Engineering was subscribed 6.06 times overall, a retail quota was 1.94x, QIB was 13.04, and 6.46 for NII.
Details About Ajax Engineering’s IPO
Ajax Engineering got approval from SEBI for an IPO of ₹1,269.35 crores via IPO that comprises an offer for sale of up to 2,01,80,446 equity shares with a face value of ₹1 each.
Moreover, Ajax Engineering has set up a ₹599 to ₹629 per share. In Ajax Engineering IPO, a total of 23 shares were available in 1 lot size for the minimum Retail category, and for the retail category 299 shares in 13 lot size maximum as well. S-HNI (Min) has a total of 322 shares in 14 lot sizes, while B-HNI(Max) has 1,610 shares in 70 lot sizes.
To invest in Ajax Engineering IPO, each investor category has specific investment amounts:
- Retail Investors: Minimum investment of ₹14,467
- Retail investors’ (Max) investment of ₹1,88,071
- Small HNI (S-HNI): Minimum investment of ₹2,02,538
- Big HNI(B-HNI): maximum investment of ₹10,12,690
Ajax Engineering IPO Subscription Duration
Ajax Engineering IPO started on February 10, 2025, and closed on February 12, 2025. The investor’s allotment date was February 13, 2025, and they received a refund on February 14, 2025. Ajax Engineering’s IPO listing date is February 17, 2025.
Ajax Engineering IPO Funds Deployment
- The Company will not receive any funds from the OFS.
- All the IPO money would go to promoters and shareholders, once tax deductions and expenses are done.
About Ajax Engineering Company
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’s Financial Background
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.
