6.35x
subscribed
Ajax Engineering IPO
Engineering - Construction
listed
6.35x
subscribed
₹13,777Min. investment
About Ajax Engineering Limited
Issue size
₹1,269Cr
IPO type
Mainboard
Market Cap
₹7,196.19CrHigher than sector avg
Price range
₹599 – ₹629
Listing Exchange
BSE, NSERevenue
Apr 2023 - Mar 2024₹1,741.4CrLower than sector avg
Lot size
23 shares
Red Herring Prospectus
Read
Growth rate
3Y CAGR51.04%
SectorEngineering - Construction
Price range₹599 – ₹629
IPO type
Regular
Lot size23 shares
Issue size₹1,269Cr
Red Herring Prospectus
Read
Market Cap
₹7,196.19CrHigher than sector avg
Revenue
Apr 2023 - Mar 2024₹1,741.4CrLower than sector avg
Growth rate
3Y CAGR51.04%
Checklist
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Ajax Engineering, a leading concrete equipment manufacturer, specializes in slip-form concrete machines (SLCMs), batching plants, and boom pumps for infrastructure projects. Known for in-house innovations like SLCMs with load cell technology and self-propelled boom pumps, it drives R&D through TASC. With 51 dealerships across 23 Indian states and 25 international distributors, it serves contractors, rental firms, and government agencies. Holding 75-77% market share, Ajax outpaced market growth in stationary and boom pumps from FY22 to FY24.
IPO Subscription Status
Latest News on IPO
Ajax Engineering IPO: The ₹1,269.35 crore initial share sale is exclusively an offer for sale (OFS) of 2.02 crore shares without a fresh issue component.
2 min read
Ajax Engineering is launching an IPO on February 10 to raise ₹1,269.35 crore. The company will offer shares in the price band of ₹599-629 and a lot size of 23 shares. The company, a market leader in self-loading concrete mixers (SLCM), has strong growth prospects but faces risks tied to its reliance on SLCM sales.
5 min read
Ajax Engineering IPO is an exclusive offer-for-sale (OFS) of 2.02 crore shares, aggregating to ₹1,269.35 crore. The company has fixed the price band at ₹599 to ₹629 per share for the IPO. The IPO listing date has been tentatively fixed as February 17.
5 min read
Ajax Engineering IPO, backed by Kedaara Capital, raised ₹1,269.35 crore with a subscription of 6.44 times on the final day. The retail portion was booked 1.92 times, and institutional investors showed strong interest, with the Qualified Institutional Buyers oversubscribed 14.41 times. The IPO share allotment status will be finalised on February 13.
4 min read
Frequently asked questions
How to invest in the IPO?
Investors can apply for the IPO through their Demat account via the stock exchange or through their broker.
What is the issue size of Ajax Engineering IPO ?
The issue size of the Ajax Engineering IPO is 1269 Cr.
What is 'pre-apply' for Ajax Engineering IPO ?
Pre-applying for an IPO allows you to submit your application before the official subscription period begins.
Which exchanges will Ajax Engineering IPO shares list on?
The IPO shares will typically list on major stock exchanges such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), as specified in the IPO prospectus.
Timeline
- Pre-apply7 Feb 2025
- Bidding starts10 Feb 2025
- Bidding ends12 Feb 2025
- Allotment finalisation13 Feb 2025
- Release of funds14 Feb 2025
- Demat transfer14 Feb 2025
- Listing17 Feb 2025