Ajax Engineering Limited
| Opening Date | Closing Date | Face Value | Issue Price | Lot Size | Listing At | Total Issue Size | Basis of Allotment | Initiation of Refunds | Credit of Shares to Demat | Listing Date |
|---|---|---|---|---|---|---|---|---|---|---|
| 09-02-2025 | 11-02-2025 | ₹1 per share | 269 | 23 Shares | BSE, NSE | 2,01,80,446 shares of ₹1 (aggregating up to ₹1,269.35 Cr) | 2025-02-12 18:30:00 | 0000-00-00 00:00:00 | 2025-02-13 18:30:00 | 16-02-2025 |
About The Company
Ajax Engineering IPO is a book built issue of Rs 1,269.35 crores. The issue is entirely an offer for sale of 2.02 crore shares.
Ajax Engineering IPO opens for subscription on February 10, 2025 and closes on February 12, 2025. The allotment for the Ajax Engineering IPO is expected to be finalized on Thursday, February 13, 2025. Ajax Engineering IPO will list on BSE, NSE with tentative listing date fixed as Monday, February 17, 2025.
Ajax Engineering IPO price band is set at ₹599 to ₹629 per share. The minimum lot size for an application is 23. The minimum amount of investment required by retail investors is ₹14,467. The minimum lot size investment for sNII is 14 lots (322 shares), amounting to ₹2,02,538, and for bNII, it is 70 lots (1,610 shares), amounting to ₹10,12,690.
ICICI Securities Limited, Citigroup Global Markets India Private Limited, Jm Financial Limited, Nuvama Wealth Management Limited, SBI Capital Markets Limited are the book running lead managers of the Ajax Engineering IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Ajax Engineering IPO RHP for detailed information.
Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrow |
|---|---|---|---|---|---|---|
| 30-03-2022 | 735 | 772 | 66 | 578.27 | 575.41 | 7.16 |
| 30-03-2023 | 967 | 1173 | 136 | 713.8 | 702.36 | 10.14 |
| 30-03-2024 | 1236 | 1780 | 225 | 917.96 | 906.52 | 6.23 |
| 29-09-2024 | 1349 | 794 | 101 | 995.84 | 984.4 | 0 |
IPO Subscription Status
| Category | Subscription Times |
|---|---|
| Anchor Investors | 1 |
| Qualified Institutions | 13.04 |
| Non-Institutional Buyers | 6.46 |
| Retail Investors | 1.94 |
| Employees | 2.62 |
| Total | 6.06 |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 23 | 14467 |
| Retail (Max) | 13 | 299 | 188071 |
| S-HNI (Min) | 14 | 322 | 202538 |
| S-HNI (Max) | 69 | 1587 | 998223 |
| B-HNI (Min) | 70 | 1610 | 1012690 |
IPO Listing Details
| Listing Date | 16-02-2025 |
| BSE Script Code | 544356 |
| NSE Symbol | AJAXENGG |
| ISIN | INE274Y01021 |
| Final Issue Price | 629 |
Promoter holdings
The Promoters of the company are 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 John
Contact Information of the Company
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/
IPO Registrar
Link 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
IPO Lead Manager
ICICI Securities Limited (Past IPO Performance) Citigroup Global Markets India Private Limited (Past IPO Performance) Jm Financial Limited (Past IPO Performance) Nuvama Wealth Management Limited (Past IPO Performance) SBI Capital Markets Limited (Pas