Ajax Engineering Limited
ListedMainboardCapital Goods / Industrial Engineering · NSE / BSE
Founded in July 1992, Ajax Engineering Limited is one of India’s leading manufacturers of concrete equipment, offering a wide range of products and services across the construction value chain. As of March 2024, the company has developed 110 types of concrete equipment and sold over 27,800 units nationwide in the past decade. It operates four modern manufacturing plants in Karnataka, including a key facility at Obadenahalli. Ajax’s strong network includes 51 dealerships across 23 states with 114 touchpoints, along with 25 international dealers in South and Southeast Asia, the Middle East, and Africa. With over 15,700 customers, the company is supported by a skilled workforce, including 76 design and engineering experts and 83 service professionals dedicated to quality and customer satisfaction.
Price Band
₹599 – ₹629
Issue Size
₹1269 Cr
Lot Size
23 shares
GMP
₹3
-0.5%
Est. Listing
₹626
at current GMP
Subscribed
6.45x
overall
Open
10 Feb 2025
Close
12 Feb 2025
Allotment
13 Feb 2025
Refund
14 Feb 2025
Demat Credit
15 Feb 2025
Listing
17 Feb 2025
Last updated 12 days ago
Overall Subscription
6.45x
Total Demand
QIB Multiplier
14.41x
Institutions & Funds
NII / HNI
6.47x
High Net-Worth
Retail (RII)
1.93x
Individual Bidders
Category-Wise Subscription Breakup
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 4,020,300 | 57,946,016 | 14.41x |
| NIB | 3,015,225 | 19,495,237 | 6.47x |
| HNIs(10L +) | 2,010,150 | 15,830,509 | 7.88x |
| HNIs (2-10L) | 1,005,075 | 3,664,728 | 3.65x |
| RETAIL | 7,035,525 | 13,563,767 | 1.93x |
| EMPLOYEES | 78,947 | 206,931 | 2.62x |
| Total | 17,165,222 | 110,707,188 | 6.45x |
Application-Wise Breakup
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| RETAIL | 305,892 | 250,715 | 0.82x |
| HNIs(10L +) | 6,243 | 7,474 | 1.20x |
| HNIs (2-10L) | 3,121 | 10,924 | 3.50x |
| Total Applications | 315,256 | 269,113 | 0.85x |
Day-Wise Subscription Progress
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
About Ajax Engineering Limited Public Issue & Market Profile
Ajax Engineering Limited is bringing an initial public offering (IPO) in the Capital Goods / Industrial Engineering sector with an aggregate issue size of ₹1,269.35 Crores. The shares are offered at a price band of ₹599 to ₹629 per equity share on NSE and BSE. Currently, market analysts recommend evaluating the company's financial valuation, price-to-earnings (P/E) multiple, and peer comparison prior to submitting bids.
Bidding & Quota Instructions:
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Allotment Reconciliation Schedule:
Following the close of bidding on 2025-02-12, the basis of allotment is scheduled to be finalized on 2025-02-13. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Link Intime India Private Limited) or the BSE allotment checking window.
Frequently Asked Questions
What is Ajax Engineering Limited IPO GMP today?
Currently, Ajax Engineering Limited IPO Grey Market Premium (GMP) is not actively quoted or is quoted flat at ₹0. The shares are expected to list close to the issue price band of ₹599 to ₹629 per equity share.
What is the expected profit per lot for Ajax Engineering Limited IPO?
The retail lot size is 23 shares requiring a minimum application amount of ₹14,467. Expected listing price is ₹626 per equity share.
What is the issue size and price band for Ajax Engineering Limited IPO?
The Ajax Engineering Limited IPO aggregate issue size is ₹1,269.35 Crores with an equity price band set at ₹599 to ₹629 per equity share. The retail lot size is 23 shares requiring a minimum capital outlay of approx. ₹14,467.
How can I check Ajax Engineering Limited IPO live subscription demand?
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 6.45x (Retail: 1.93x, QIB: 14.41x, NII: 6.47x). You can track live multiples directly on our dedicated subscription page.
Where and when will Ajax Engineering Limited IPO allotment status be published?
The basis of allotment will be published on the official registrar portal (Link Intime India Private Limited) and the BSE status verification website on or around 2025-02-13. Investors can verify status using PAN card or application number.
When is the listing date for Ajax Engineering Limited IPO?
Ajax Engineering Limited shares are scheduled to list on NSE and BSE on 2025-02-17.