Ajax Engineering IPO allotment finalised: How to check status online on Link Intime India, NSE, BSE

Ajax Engineering IPO allotment: The basis of the allotment of concrete equipment manufacturer Ajax Engineering was finalised on Thursday, February 13. The initial public offer was fully subscribed on the last day of bidding.

According to the consolidated data on the NSE, the initial share sale received bids for 9,12,11,951 equity shares against the 1,41,49,997 shares on offer, resulting in a 6.45-times subscription.

The bidding was led by qualified institutional buyers (QIBs) who subscribed to their portion 14.41 times. They applied for 5,79,46,016 shares against 40,20,300 shares set aside for them.

The non-institutional investors (NIIs) category was booked 6.47 times as they placed bids for 1,94,95,237 shares compared to 30,15,225 shares on offer.

The retail investors submitted applications for 1,35,63,767 shares against 70,35,525 shares reserved, translating to 1.93 times subscription.

The employees' quota was subscribed 2.62 times as they bid for 2,06,931 shares compared to 78,947 shares on offer.

How to check Ajax Engineering IPO allotment status on Link Intime India

• Visit Link Intime India Pvt Ltd's public issue page- https://linkintime.co.in/Initial_Offer/public-issues.html
• Select Ajax Engineering Limited from the IPO names
• Enter any of these— Application number, DP/Client ID, PAN, or Account No/IFSC
• Submit details

Steps to check Ajax Engineering IPO allotment status online on NSE

• Go to the bid verification portal of NSE- https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
• Select 'Ajax Engineering Limited'
• Fill in your application number and PAN number
• Click on submit

How to check Ajax Engineering IPO allotment status online on BSE

• Go to BSE's bid finalisation page- https://www.bseindia.com/investors/appli_check.aspx
• Select 'Issue type' as 'Equity'
• From the list of IPO names, select 'Ajax Engineering Limited'
• Enter your PAN number or application number
• Click on the 'submit' button

Ajax Engineering IPO listing date and time

Ajax Engineering shares will be listed on the BSE and the National Stock Exchange (NSE) on Monday, February 17, at 10 am.

The issue was solely an offer for sale of 2.01 crore shares worth ₹1,269.35 crore by its promoters and an investor shareholder. The price band was fixed at ₹599-₹629 per equity share.

The minimum investment was one lot consisting of 23 shares. The investment requirement was ₹14,467 (cut-off price).

JM Financial, Citigroup Global Markets India, ICICI Securities, Nuvama Wealth Management, and SBI Capital Markets were the book-running lead managers for the IPO.

Ajax Engineering manufactures concrete equipment and offers a wide range of related equipment, services, and solutions in regard to the concrete application value chain.

Ajax Engineering financials