6.35xsubscribed

Ajax Engineering IPO

Q: How to invest in the Ajax Engineering IPO ?

Investors can apply for the Ajax Engineering IPO through their Demat account via the stock exchange or through their broker.

Q: What is the issue size of Ajax Engineering IPO ?

The issue size of the Ajax Engineering IPO is 1269 Cr.

Q: 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.

Q: 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.

Q: What are the open and close dates of the Ajax Engineering IPO ?

Ajax Engineering IPO will be open between 2025-02-10 and 2025-02-12.

Q: What is the allotment date for the Ajax Engineering IPO ?

Ajax Engineering IPO allotment date is 2025-02-14. For Ajax Engineering IPO allotment status check, you can visit the website of the registrar of the IPO.

Q: Who is the registrar of Ajax Engineering IPO ?

For Ajax Engineering IPO, the IPO registrar is MUFG Intime India Private Limited . You can check Ajax Engineering IPO allotment status on the website of the registrar.

Q: Where is the Ajax Engineering IPO getting listed?

The shares are proposed to be listed on the BSE and NSE.

Q: When will Ajax Engineering IPO shares be credited to your demat account?

The Ajax Engineering IPO shares will typically be credited to your demat account one working day before the IPO's listing date, provided your application is successfully allotted.

Q: What is the lot size and minimum order quantity of the Ajax Engineering IPO ?

The Ajax Engineering IPO lot size is 23 and minimum order quantity is 23.

6.35xsubscribed

Engineering - Construction

listed

₹13,777Min. investment

Ajax Engineering Limited IPO Details

Sector

Engineering - Construction

Issue size

₹1,269Cr

IPO type

Mainboard

Market cap

₹7,196.19CrHigher than sector avg

Price range

₹599 – ₹629

Listing exchange

BSE, NSE

RevenueApr 2023 - Mar 2024

₹1,741.4CrLower than sector avg

Listing date

17 Feb 2025

Lot size

23 shares

Red Herring Prospectus

Read

Growth rate3Y CAGR

51.04%Higher than sector avg

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

RevenueApr 2023 - Mar 2024

₹1,741.4CrLower than sector avg

Growth rate3Y CAGR

51.04%Higher than sector avg

Ajax Engineering IPO Subscription Status

Date	QIB	NII	Retail	Total
10-Feb-25	0.26 times (X)	0.28 times (X)	0.3 times (X)	0.28 times (X)
11-Feb-25	0.33X	0.6X	0.53X	0.49X
12-Feb-25	14.41X	6.25X	1.79X	6.35X

As on 10-Feb-25, 5:30 PM

Ajax Engineering IPO Timeline

Pre-apply
7 Feb
Bid start
10 Feb
Bid end
12 Feb
Allotment
13 Feb
Release of funds
14 Feb
Demat transfer
14 Feb
Listing
17 Feb

Pre-apply
7 Feb 2025
Bid start
10 Feb 2025
Bid end
12 Feb 2025
Allotment
13 Feb 2025
Release of funds
14 Feb 2025
Demat transfer
14 Feb 2025
Listing
17 Feb 2025

About Ajax Engineering Limited

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.

Checklist

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Revenue growth

Company valuation

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Compare

Companies in this sector

Larsen and Toubro Ltd

Rail Vikas Nigam Ltd

Irb Infrastructure Developers Ltd

CompanyRevenue*3Y growthPATMarket capP/E ratio

This IPO₹1,741.4Cr51.04%₹225.14Cr₹7,196.19Cr31.96

This sector (avg.)₹2,186.73Cr0.03%₹107.3Cr₹5,580.04Cr39.87

₹2,55,547.01Cr---₹17,687.39Cr₹5,40,931.7Cr33.29

₹19,923.02Cr---₹1,281.52Cr₹71,599.59Cr63.03

₹7,062Cr---₹6,480.68Cr₹25,092.05Cr3.81

*Revenue for financial year 2023-24. Lower P/E and D/E ratios are generally preferred.

Ajax Engineering IPO Contact Details

Company Name	Ajax Engineering Limited

Company NameAjax Engineering Limited

How to apply for Ajax Engineering IPO?

Step 1
Log in to your Upstox account to access IPO investments. Next, select the current IPO section.
Step 2
Specify IPO details. Enter the number of lots and the price you wish to apply for.
Step 3
Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.
Step 4
Mandate Notification. Your UPI app will receive a mandate notification to block funds.
Step 5
Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.