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Ajax Engineering Ltd. IPO
NSE & BSE Bookbuilding IPO Offer For Sale Closed Live Chart
GMP +₹0 +0% Est. Listing ₹629
Issue Price
₹629
Face ₹1
GMP
+₹0
+0% premium
Est. Listing
₹629
GMP based
Lot Size
23
shares / lot
Min Amount
₹14,467
1 lot · 23 shares
Live Price
tap to chart
Allotment
Important Dates
6/6 completed
Open
Close
Allotment
Refund
Demat
Listing
Done
Open Date
10 Feb 2025
Mon Completed
Done
Close Date
12 Feb 2025
Wed Completed
Done
Allotment
13 Feb 2025
Thu Completed
Done
Refund
14 Feb 2025
Fri Completed
Done
Demat Credit
14 Feb 2025
Fri Completed
Done
Listing Date
17 Feb 2025
Mon Completed
UPI Deadline: 12 Feb 2025
Issue Details
Pricing & Size
Issue Price
₹629 Face ₹1
Lot Size
23 shares
Min Investment
₹14,467
Total Issue Size
2,01,80,446 shares (aggregating up to ₹1,268.93 Cr)
IPO Information
Issue Type
Bookbuilding IPO
Sale Type
Offer For Sale
Listing Exchange
NSE & BSE
Script / Ticker
-
Allocation Breakdown
Market Maker
-
QIB Portion
1,00,50,749 (49.80%)
NII / HNI
30,15,225 (14.94%)
Retail
70,35,525 (34.86%)
Employee
78,947 (0.39%)
Net Offer to Public
-
Shareholding Pattern
Pre-Issue Shareholding
11,44,06,800 shares
Post-Issue Shareholding
11,44,06,800 shares
Application Size
CategoryMin LotsSharesAmount
Retail (sNII) 1 23 14,467
HNI / NII 70 1610 10,12,690
Lead Managers & Market Maker
Book Running Lead Managers
ICICI Securities Ltd
Citigroup Global Markets India Pvt.Ltd.
JM Financial Ltd.
Nuvama Wealth Management Ltd.
SBI Capital Markets Ltd.
IPO Timeline
Open
10 Feb
✓ Done
Close
12 Feb
✓ Done
Allotment
13 Feb
✓ Done
Listing
17 Feb
✓ Done
Registrar Details
MUFG Intime India Pvt.Ltd.
SEBI Registered Registrar & Transfer Agent
Phone
+91-22-4918 6270
Email
ajaxengineering.ipo@linkintime.co.in
Company Contact
Email
complianceofficer@ajax-engg.com
Phone
+91 82 96336111
Address
253/1, 11th Main Road 3 rd Phase, Peenya Industrial Area Bengaluru 560058 Bengaluru, Karnataka
Grey Market Premium
LIVE
Current GMP
+₹0
+0% vs Issue Price
Issue Price
₹629
Est. Listing
₹629
Lot Size
23 shares
P&L / Lot
+₹0
GMP is unofficial grey market data. Does not guarantee listing price or returns.
GMP Return Calculator
Estimated Listing
GMP %
Investment (1 Lot)
Total Investment
Expected P&L
ROI
Ajax Engineering Ltd. LIVE
INR ·
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Open
High
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P/E
52W H
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| Price
Market Reference
IPO Issue Price
₹629
GMP
+₹0 (+0%)
GMP Est. Listing
₹629
Previous Close
Exchange
Data from Yahoo Finance. May be delayed 15–20 min. GMP is unofficial. Not investment advice.
Category-wise Subscription
Category Sub (×) Offered Bid For Amt (Cr)*
QIB 1,00,50,749 (49.80%) ₹63,219.21 Cr
NII / HNI (Total) 30,15,225 (14.94%) ₹18,965.77 Cr
Retail Investors 70,35,525 (34.86%) ₹44,253.45 Cr
Employee 78,947 (0.39%) ₹49.66 Cr
Total ** 2,01,80,446 (100.00%) ₹1,269,350.06 Cr
* Based on ₹629.00 (upper price band)
NII / HNI Breakdown
Shares Reserved
QIB
1,00,50,749 (49.80%)
NII
30,15,225 (14.94%)
Retail
70,35,525 (34.86%)
* Shares Offered and Total Amount are indicative. ** Excluding Market Maker portion. Data sourced from exchange bidding platform.
Financial Summary
Amount in ₹ Crore
Metric30 Sep 202431 Mar 202431 Mar 2023
Revenue794.161780.071172.57
PAT101.02225.15135.90
EBITDA
Net Worth995.84917.96713.80
Total Assets1348.761236.14966.73
Reserves984.40906.52702.36
Borrowings6.2310.14
Key Financial Ratios
24.53%
ROE
Return on Equity
32.82%
ROCE
Return on Capital Employed
19.39%
RONW
Return on Net Worth
12.65%
PAT Margin
PAT / Revenue
0.01
D/E Ratio
Debt to Equity
7.84
P/BV
Price to Book Value
19.68
Pre EPS
EPS Pre-Issue
17.66
Post EPS
EPS Post-Issue
31.96
Pre P/E
P/E Pre-Issue
35.62
Post P/E
P/E Post-Issue
About Ajax Engineering Ltd.

Incorporated in July 1992, Ajax Engineering Limited manufactures a wide range of concrete equipment and services across the value chain.

As of September 30, 2024, The company has developed 141 concrete equipment variants for the value chain and sold over 29,800 units in India in the last ten years.

As of September 30, 2024, the design, engineering, and development team has 79 full-time employees, about 15.96% of the total workforce.

As of September 30, 2024, Ajax Engineering Limited has four facilities in Karnataka, located at Obadenahalli, Gowribidanur, and Bashettihalli, each specializing in different products, especially the Obadenahalli facility.

As of September 30, 2024, The company has 51 dealerships across 23 states in India, providing 114 touchpoints, including 51 headquarters and 63 branches, 34 of which also serve as service centers.

As of September 30, 2024, the company has established 25 dealers and distributors across South and Southeast Asia, the Middle East, and Africa.

As of September 30, 2024, the company has sold concrete equipment and spare parts to over 15,700 customers.

Product Portfolio:

  • Self-loading concrete mixers
  • Batching plants
  • Transit mixers
  • Boom pumps
  • Concrete pumps
  • Self-propelled boom pumps
  • Slipform pavers
  • 3D concrete printers

As of September 30, 2024, the service team included 85 employees, such as coordinators, managers, specialists, and customer service executives supporting our dealer network.

Competitive Strength

  • Market leader in a large and fast-growing SLCM market
  • Leading concrete equipment company with a comprehensive range of concrete equipment, services and solutions across the concrete application value chain
  • Strong in-house design, development and engineering capabilities
  • Technology-led assembly and manufacturing processes and robust supplier network
  • Large dealer network with widespread distribution model
  • Diversified customer base with longstanding relationships in the concrete equipment market
  • Experienced management team supported by qualified and experienced personnel.
Frequently Asked Questions
What is the issue price of Ajax Engineering Ltd. IPO?
The issue price of Ajax Engineering Ltd. IPO is ₹629 per share, face value ₹1.
What is the lot size?
Minimum lot size is 23 shares, requiring ₹14,467.
What are the IPO dates?
Opens 10 Feb 2025, closes 12 Feb 2025.
When is the listing date?
Tentative listing: 17 Feb 2025 on NSE & BSE.
What is the current GMP?
Current GMP is +₹0, estimated listing ₹629 (+0%). GMP is unofficial.
How to apply?
Apply via ASBA through your bank, or via UPI through any broker app.

Check Allotment Status

Ajax Engineering Ltd. IPO · Expected 13 Feb 2025

Check on Registrar
Post-IPO Timeline
Allotment Date
13 Feb 2025
Refund Initiation
14 Feb 2025
Demat Credit
14 Feb 2025
Listing Date
17 Feb 2025
Live Price LIVE
Quick Facts
Closed
GMP Signal
Bullish
+₹0
+0%
Issue Price
₹629
Face ₹1
Lot Size
23
shares / lot
Min Amount
₹14,467
1 lot
Est. Listing
₹629
GMP +₹0
Key Dates
Open
10 Feb Done
Close
12 Feb Done
Listing
17 Feb Done
Registrar
MUFG Intime India Pvt.Ltd.
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