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AJAXENGG · NSE,BSE · Capital Goods
Ajax Engineering IPO listed on 17 Feb 2025 on NSE,BSE at ₹576.00, a loss of 8.43% over the issue price of ₹629.00. The IPO was subscribed 6.45x overall.
Ajax Engineering IPO tentative timeline covering IPO opening, closing, basis of allotment, refunds, demat credit, and listing dates.
| Event | Date |
|---|---|
| IPO Open Date | 10 Feb 2025 |
| IPO Close Date | 12 Feb 2025 |
| Basis of Allotment | 13 Feb 2025 |
| Initiation of Refunds | 14 Feb 2025 |
| Credit of Shares to Demat | 14 Feb 2025 |
| Listing Date | 17 Feb 2025 |
Listing day gain
-8.43%
Listed at ₹576 (issue ₹629)
Issue
₹629
Listing
₹576
Current
₹595.4
-5.34% vs issue
Day range
₹566 – ₹609
Issue Size
20,180,446 shares
(aggregating up to ₹1,268.93 Cr)
Issue Price
₹599 – ₹629
Face Value
₹1/share
Market Lot
23 shares
Retail Min Investment
₹14,467
Listing At
NSE,BSE
Sale Type
offer for sale
Fresh Issue
[.]
Offer for Sale
20,180,446 shares
(aggregating up to ₹1,268.93 Cr)
Issue Type
book building
Open Date
10 Feb
Close Date
12 Feb
Allotment
13 Feb
Listing
17 Feb
Last updated: 1 year ago
| Date | IPO Issue Price (₹) | GMP (₹) | Est. Listing Price (₹) | Est. Profit Amount (₹) | Est. Profit % | Last Updated |
|---|---|---|---|---|---|---|
| 17 Feb 2025 Latest | ₹629 | ₹-3 | ₹626 | ₹-3 |
-0.48%
|
12:00 AM |
| 16 Feb 2025 | ₹629 | ₹-3 | ₹626 | ₹-3 |
-0.48%
|
12:00 AM |
Showing the 2 most recent GMP entries.
View full GMP historyLatest snapshot: 12 Feb 2025
| Category | Subscribed (x) |
|---|---|
| QIB | 14.41x |
| NII | 6.47x |
| bNII (bids above ₹10L) | 7.88x |
| sNII (bids below ₹10L) | 3.65x |
| Retail Investors | 1.93x |
| Employees | 2.62x |
| Total | 6.45x |
Showing the latest subscription snapshot.
View full subscription historyKrishnaswamy 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
New to lot sizes and investment limits? Read our guide on IPO lot size and minimum investment.
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 23 | ₹14,467 |
| Retail (Max) | 13 | 299 | ₹188,071 |
| S-HNI (Min) | 14 | 322 | ₹202,538 |
| S-HNI (Max) | 69 | 1,587 | ₹998,223 |
| B-HNI (Min) | 70 | 1,610 | ₹1,012,690 |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only employee | 2 | No |
Want to understand how IPO shares are divided between investor categories? Read our guide on IPO reservation structure.
| Category | Shares Offered |
|---|---|
| QIB Shares Offered | 10,050,749 (49.80%) |
|
•
Anchor Investor Shares Offered
|
6,030,449 (29.88%) |
|
•
QIB (Ex. Anchor) Shares Offered
|
4,020,300 (19.92%) |
| NII (HNI) Shares Offered | 3,015,225 (14.94%) |
|
•
bNII > ₹10L
|
2,010,150 (9.96%) |
|
•
sNII < ₹10L
|
1,005,075 (4.98%) |
| Retail Shares Offered | 7,035,525 (34.87%) |
| Employee | 78,947 (0.39%) |
| Total Shares Offered | 20,180,446 (100.00%) |
Ajax Engineering Limited was incorporated in July 1992 and is headquartered in Peenya Industrial Area, Bengaluru, Karnataka. It works in the construction equipment manufacturing sector.
The company manufactures self-loading concrete mixers (SLCMs), which drive the majority of its revenue, along with a broader range of concrete equipment across the value chain. As of September 30, 2024, it had developed 141 concrete equipment variants and sold more than 29,800 units in India over the preceding ten years. It operates four facilities in Karnataka, at Obadenahalli, Gowribidanur, and Bashettihalli, with the Obadenahalli facility handling nearly all SLCM assembly. The company sells through a dealer network, with its top 10 dealers accounting for 51.77% of revenue from operations as of September 30, 2024.
Revenue from operations rose from Rs 763.29 crore in FY22 to Rs 1,151.13 crore in FY23 to Rs 1,741.40 crore in FY24, while profit after tax rose from Rs 66.21 crore to Rs 135.90 crore to Rs 225.15 crore over the same period. The IPO was a mainboard, 100% book-built offer entirely comprising an offer for sale of up to 2,01,80,446 equity shares, with no fresh issue component, listed on the BSE and NSE.
Standalone · ₹ in Crores
| Particulars | FY 2022 | FY 2023 | FY 2024 |
|---|---|---|---|
| Total Revenue | 771.85 | 1,172.57 | 794.16 |
| Profit After Tax (PAT) | 66.21 | 135.9 | 101.02 |
| EBITDA | - | - | - |
| Total Assets | 735.31 | 966.73 | 1,348.76 |
| Net Worth | 578.27 | 713.8 | 995.84 |
| Reserves & Surplus | 575.41 | 702.36 | 984.4 |
| Total Borrowing | 7.16 | 10.14 | - |
Revenue & Profit Trend
Key ratios per fiscal period
| Particulars | Mar 2024 |
|---|---|
| RoE Return on Equity Shows how much profit the company makes on the money shareholders have put in. 15% to 20% is healthy in most industries. | 24.53% |
| RoCE Return on Capital Employed Shows the profit earned on all the money used, shareholder funds plus loans. Matters most for factory and infrastructure heavy companies. | 32.82% |
| RoNW Return on Net Worth Shows the profit earned on the company's own net worth. Steady or rising over 3 years is a good sign. | 19.39% |
| PAT Margin Profit After Tax Margin Out of every ₹100 of sales, how much the company keeps after paying all costs, loan interest and tax. | 12.65% |
| Debt / Equity Debt to Equity How much the company has borrowed against what shareholders own. Above 1x means the loans are bigger than shareholder funds. | 0.01x |
| P/BV Price to Book Value Tells you if the IPO price is above what the company actually owns. 1x to 3x is usually seen as reasonable. | 7.84x |
Issue-level · at the upper price band
| Particulars | Pre-IPO | Post-IPO |
|---|---|---|
| EPS Earnings Per Share Profit the company earns on each share. Post-IPO EPS is usually lower because the issue adds new shares. | ₹19.68 | ₹17.66 |
| P/E Price to Earnings Tells you if the IPO price is fair for what the company earns. Compare it with listed companies in the same sector. | 31.96x | 35.62x |
| Market Cap Market Capitalisation What the whole company is valued at, at the upper price band. Post-IPO counts the new shares the issue creates. | ₹7,196 Cr | ₹6,812 Cr |
The basis of allotment for Ajax Engineering IPO was finalised on 13 Feb 2025. You can check your allotment status using your PAN number or application number on the MUFG Intime India Pvt.Ltd portal or BSE.
The Ajax Engineering IPO is expected to open in Feb 2025, subject to SEBI approval. Final dates will be updated once announced officially.
The price band for Ajax Engineering IPO is ₹599.00 - ₹629.00 per share.
As per market sources, Ajax Engineering IPO GMP is currently ₹-3.00. GMP is tracked daily in the grey market. GMP indicates unofficial demand but does not guarantee listing gains.
The subscription status for Ajax Engineering IPO stands at 6.45x overall.
The listing date for Ajax Engineering IPO is 17 Feb 2025.
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