Ajax Engineering IPO Subscription History

As of February 12, 2025, the Ajax Engineering IPO has been subscribed 6.45 times overall. The IPO is fully subscribed.

The Ajax Engineering IPO subscription window was open from February 10, 2025 to February 12, 2025. Investors could apply through their demat account or ASBA facility.

The Ajax Engineering IPO has a price band of ₹599 to ₹629 per share, with a lot size of 23 shares. Minimum retail investment: ₹13,777 (lower band) or ₹14,467 (upper band).

The QIB category has been subscribed 14.41 times. QIBs were offered 4,020,300 shares. Strong QIB subscription indicates high institutional confidence.

Retail investors subscribed 1.93 times. Retail was offered 7,035,525 shares.

Overall NII: 6.47×. bNII (>₹10L): 7.88×, sNII (<₹10L): 3.65×. NII includes HNIs and corporate entities investing above ₹2 lakh.

Basis of allotment is on February 13, 2025. Check via the registrar's website, MUFG Intime India Pvt.Ltd using your PAN number, application number, or DP/Client ID. You can also check on BSE/NSE websites or through your broker's app.

Ajax Engineering IPO is expected to list on February 17, 2025. Shares will list on NSE,BSE. Allotted shares are credited to your demat account 1 business day before listing.

A subscription multiple of 6.45× means investors have bid for 6.45 times the total shares available. Since the IPO is oversubscribed, not every applicant will receive shares, allotment happens via lottery (for retail) or proportionately (for other categories). Higher multiples generally reduce allotment probability.

Based on the current retail subscription of 1.93×, the estimated allotment probability for retail investors is Good. Decent chance of full allotment. Retail allotment in oversubscribed IPOs is done by computerised lottery, each valid application has an equal probability regardless of the number of lots applied for.

You can apply for Ajax Engineering IPO through: (1) ASBA (Application Supported by Blocked Amount) via your bank's net banking or mobile app, (2) UPI-based application through your broker's app (Zerodha, Groww, Angel One, etc.), or (3) directly via your demat account. The amount is blocked in your account and deducted only upon allotment. Applications were accepted from Feb 10 to Feb 12, 2025.

The grey market premium (GMP) reflects unofficial pre-listing trading sentiment. For the latest Ajax Engineering IPO GMP data, check the IPORise GMP page. Note: GMP is unofficial, speculative, and not a guaranteed indicator of listing price. Use it only as a sentiment signal alongside official subscription data.