Ajax Engineering IPO, is main board IPO opens for subscription on February 10, 2025 and closes on February 12, 2025. The allotment date of Ajax Engineering IPO is February 13, 2025 and It’s going to list on BSE, NSE on February 17, 2025.
Ajax Engineering IPO is book build type IPO. Via this IPO company is going to raise approximately ₹ 1269.35 Crores, which is totally offer for sell and promoters will sell around 2,01,80,446 equity shares with face value of ₹1 each. The IPO price band is set at ₹599 to ₹ 629 with the minimum lot size for an application is 23 shares.
Ajax Engineering IPO Key Details
| IPO Open Date: | February 10, 2025 |
| IPO Close Date: | February 12, 2025 |
| Face Value: | ₹1 Per Equity Share |
| IPO Price Band: | ₹599 to ₹629 Per Share |
| Minimum Lot Size: | 23 Shares |
| Employee Discount: | ₹59 per Lot |
| Issue Type: | Book Built Issue |
| Issue Size: | Approx. ₹1269.35 Crores |
| Offer for Sale: | All ₹1269.35 Crores (2,01,80,446 shares) |
| Listing On: | BSE & NSE Platform |
| NII Quota: | Not more than 15% |
| QIB Quota: | Not more than 50% |
| Retail Quota: | Not more than 35% |
Ajax Engineering IPO Important Dates
| Events | Important Dates |
|---|---|
| IPO Open Date: | February 10, 2025 |
| IPO Closing Date: | February 12, 2025 |
| Basis of Allotments: | February 13, 2025 |
| Unblocking of IPO Amount: | February 14, 2025 |
| Allotted Shares Credit to Demat: | February 14, 2025 |
| IPO Listing Date: | February 17, 2025 |
Ajax Engineering IPO Lot Size
Retail investors can bid for minimum 1 lot (23 Shares) with investment amount is ₹14,467, while maximum 13 lot (299 Shares) with investment amount is ₹1,88,071.
Small HNI investors can bid for minimum 14 lot (322 Shares) with investment amount is ₹2,02,538, while maximum 69 lot (1587 Shares) with investment amount is ₹9,98,223
| Application Quota | Lot Size | Number of Shares | Amount |
|---|---|---|---|
| Retail (Minimum) | 1 | 23 | ₹14,467 |
| Retail (Maximum) | 13 | 299 | ₹1,88,071 |
| Small HNI (Minimum) | 14 | 322 | ₹2,02,538 |
| Small HNI (Maximum) | 69 | 1587 | ₹9,98,223 |
| Big HNI (Minimum) | 70 | 1610 | ₹10,12,690 |
Ajax Engineering IPO Financial Record
| Year Completed | Assets | Revenue | Profit After Tax | Reserves & Surplus | Net Worth | Total Borrowing |
|---|---|---|---|---|---|---|
| March 2022 | ₹735.31 | ₹771.85 | ₹66.21 | ₹575.41 | ₹578.27 | ₹7.16 |
| March 2023 | ₹966.73 | ₹1172.57 | ₹135.9 | ₹702.36 | ₹713.8 | ₹10.14 |
| March 2024 | ₹1236.14 | ₹1780.07 | ₹225.15 | ₹906.52 | ₹917.96 | ₹6.23 |
| September 2024 | ₹1348.76 | ₹794.16 | ₹101.02 | ₹984.4 | ₹995.84 |
Ajax Engineering IPO Key Parameters
In the below table you check the key valuation parameters for Ajax Engineering IPO, such as ROC, ROCE, EBITDA margin, PAT margin, Debt to equity ratio, EPS, PE ratio.
| Key Performance Indicator | Values |
|---|---|
| ROE | 24.53% |
| ROCE | 35.82% |
| Debt/Equity | 0.01 |
| EBITDA Margin | 15.82% |
| PAT Margin | 12.65% |
| Earning Per Share (EPS) | ₹19.68 (Basic) |
| P/E Ratio | N/A |
| Return on Net Worth (RoNW) | 19.39% |
Ajax Engineering IPO Business Details
Ajax Engineering Ltd was incorporated in July 1992. Company is in the business of manufacturing wide range of concrete equipment and service across the value chain.
Company has developed 141 concrete equipment variants and sold over 29,800 units in India in last 10 years.
Ajax Engineering Limited has four facilities in Karnataka, located at Obadenahalli, Gowribidanur, and Bashettihalli, each specializing in different products, especially the Obadenahalli facility. Also, company is constructing a manufacturing plant in Adinarayanahosahalli, which is set to be finished in 2025.
Company has 51 dealership across 23 states of India, including 51 headquarter and 63 branches. Company also cater out of India with 25 dealers and distributers across Nepal, Bhutan, South and Southeast Asia, the Middle East, and Africa. This, shows Ajax Engineering IPO company has very strong dealership and distribution network.
Product Portfolio
- Self-loading concrete mixers
- Batching plants
- Transit mixers
- Boom pumps
- Concrete pumps
- Self-propelled boom pumps
- Slipform pavers
- 3D concrete printers
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.
Ajax Engineering IPO Registrar
Link Intime India Private Ltd is the registrar for this Ajax Engineering IPO
Phone No: +91-22-4918 6270
Email: ajaxengineering.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Ajax Engineering IPO Company Details
Ajax Engineering Limited
253/1, 11th Main Road
3 rd Phase, Peenya Industrial Area
Bengaluru 560058
Phone: +91 82 96336111
Email: complianceofficer@ajax-engg.com
Website: https://www.ajax-engg.com/
Ajax Engineering IPO FAQ
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What is the opening date for Ajax Engineering IPO?
The IPO is opening on February 10, 2025 and closing on February 12, 2025
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What is the Ajax Engineering IPO allotment date?
The finalization of basis of allotment for Ajax Engineering Ltd IPO will be done on February 13, 2025 and allotted shares will be credited to demat account on February 14, 2025
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What is the Ajax Engineering IPO listing date?
Tentatively, Ajax Engineering Ltd IPO will be going to list on February 17, 2025
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What is Ajax Engineering IPO Price Band?
Ajax Engineering IPO Price Band is ₹599 to ₹629.
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What is Ajax Engineering IPO Lot Size?
The minimum bid is 23 Shares with ₹14,467 amount.
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What is Ajax Engineering IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
