Ajax Engineering IPO subscription started on February 10th, 2025, and will close on February 12, 2025, as per the schedule. The price band is set at ₹599 to ₹629 per share with a face value of ₹1.
Ajax Engineering IPO Subscription Status
Ajax Engineering IPO Subscribed over 6.06x on its last day till 5.00 PM on 12th February 2025.
- Ajax Engineering IPO subscription QIB investors portion is 13.04 times, while NII subscribed 6.46 times and RII investors subscribed 1.94 times.
- The company has received bids for 8,57,62,377 shares against 1,41,49,997 shares on offer on the last day of subscription.
- Ajax Engineering IPO subscribed over 0.49x on its second day.
- Ajax Engineering IPO subscribed over 0.28x on its First day
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 Financial Report
The company reported revenue of ₹1,780.07 crores in 2024 against ₹1,172.57 crore in 2023. The company reported a profit of ₹225.28 crores in 2024 against a profit of ₹135.53 crores in 2023.
Ajax Engineering IPO GMP
Ajax Engineering’s IPO GMP was ₹10 as of Wednesday, 12th February 2025. That indicates the IPO is trading at ₹639 with ₹10 premium in the grey market against the issue price of ₹629.
