Ajax Engineering Limited IPO
MainboardOffer Date: Feb 10, 2025 - Feb 12, 2025
Exp. Premium: 55-58 (8.74%)
₹ 14467 /23 Shares
*Expected Premium provided in this app is derived from market rumors. It is not a guaranteed indicator of the actual listing price and should be interpreted with caution.
10 Feb, 2025
Open Date12 Feb, 2025
Close Date13 Feb, 2025
Allotment Date17 Feb, 2025
Listing DateIssue Price
₹599-629 per equity shareFace Value
₹1 Per Equity ShareListing at Group
BSE, NSERegistrar
Link Intime India Private LtdMarket Lot
23 Shares (₹14,467/-)Lead Manager
ICICI Securities LimitedCitigroup Global Markets India Private Limited
Jm Financial Limited
Nuvama Wealth Management Limited
SBI Capital Markets Limited (Past IPO Performance)
Issue Size
OFS : 2,01,80,446 shares(aggregating up to ₹1,269.35 Cr)Retail Portion
35% (Number of Retail Applications: 3,05,892 Approx),(Number of S-HNI Applications : 3,121 Approx),
(Number of B-HNI Applications : 6,243 Approx)
Subscription
N/A timesIPO Docs
DRHP
The IPO of Ajax Engineering is priced at ₹599-629 per equity share, which has a face value of ₹1 Per Equity Share each. The company shall list its equity shares on BSE, NSE. Link Intime India Private Ltd is the registrar of the issue.
Ajax Engineering IPO bid opening date is from Feb 10, 2025 and the bid closing date was Feb 12, 2025.
Ajax Engineering IPO allotment result will be available on Feb 13, 2025. The tentative listing date for Ajax Engineering is Feb 17, 2025.
The total issue size is OFS : 2,01,80,446 shares(aggregating up to ₹1,269.35 Cr).
Ajax Engineering Valuations
EPS Pre IPO
₹/-EPS Post IPO
₹/-P/E Pre IPO
P/E Post IPO
ROE
%ROCE
%Debt/Equity
RoNW
%PAT Margin
Price to Book Value
Ajax Engineering Company Financials All values are in ₹ Cr.
| 31-Mar-24 | 31-Mar-23 | 31-Mar-22 | |
|---|---|---|---|
| Assets | 1,236.14 | 966.73 | 735.31 |
| Revenue | 1,780.07 | 1,172.57 | 771.85 |
| Profit After Tax | 225.15 | 135.9 | 66.21 |
| Net Worth | 917.96 | 713.8 | 578.27 |
| Reserves & Surplus | 906.52 | 702.36 | 575.41 |
| Total Borrowing | 6.23 | 10.14 | 7.16 |
About The Company
Established in July 1992, Ajax Engineering Limited designs and manufactures concrete equipment and provides services in the value chain. The company has developed 110 variants of concrete equipment for the value chain, and over 27,800 units have been sold in India in the last ten years as of March 31, 2024.
As of March 31, 2024, the total workforce in design, engineering, and development team is 76 full-time employees, about 17.16% of the total workforce.
As of March 31, 2024, Ajax Engineering Limited has four facilities in the state of Karnataka located at Obadenahalli, Gowribidanur, and Bashettihalli, which produce different ranges of products, especially Obadenahalli.As of March 31, 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.
The company has established 25 dealers and distributors across South and Southeast Asia, the Middle East, and Africa as of March 31, 2024.The company has sold concrete equipment and spare parts to over 15,700 customers as of March 31, 2024.
As of March 31, 2024, the service team comprised 83 employees, including coordinators, managers, specialists, and customer service executives supporting our dealer network.
Ajax Engineering - Promoter(s)
Pre Issue Share Holding: 93.20%
Post Issue Share Holding: N/A%
- Krishnaswamy 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.
Ajax Engineering IPO - Issue Objectives
- The Company will not receive any proceeds of the Offer. Each of the Selling Shareholders will be entitled to the respective proportion of proceeds of the Offer for Sale after deducting its portion of the Offer-related expenses and the relevant taxes thereon.
Other Details
Ajax Engineering
253/1, 11th Main Road, 3 rd Phase, Peenya Industrial Area, Bengaluru 560058Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: ajaxengineering.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
Ajax Engineering IPO - FAQs
Ans. Ajax Engineering Limited IPO is a Mainboard IPO. The issue is priced at ₹599-629 per equity share. The minimum order quantity is 23 Shares. The IPO opens on Feb 10, 2025, and closes on Feb 12, 2025. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Ans. The Ajax Engineering Limited IPO opens on Feb 10, 2025 and closes on Feb 12, 2025.
Ans. The size of Ajax Engineering Limited IPO is OFS : 2,01,80,446 shares(aggregating up to ₹1,269.35 Cr).
Ans. The IPO price band is set between ₹599-629 per equity share.
Ans. To apply for Ajax Engineering Limited IPO IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Ajax Engineering Limited IPO in the List of IPOs
- - Press "Apply" Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Ajax Engineering Limited IPO is Feb 13, 2025.
Ans. The Ajax Engineering Limited IPO will be listed on Feb 17, 2025.
Ans. Follow the steps to check the allotment status for Ajax Engineering Limited IPO here.
