Shares of Ajax Engineering Ltd ended 3% higher at ₹593.4 apiece on the NSE.

The market capitalisation of Ajax Engineering stands at ₹6,834.66 crore as shares rise 3.46% to ₹595.95 apiece on the NSE.

• Krishnaswamy Vijay, Whole-time Director and Executive Chairman
• Shubhabrata Saha, Managing Director and Chief Executive Officer
• Jacob Jiten John, Whole-time Director
• Parin Nalin Mehta, Non-Executive Director
• Rajan Wadhera, Independent Director
• Doddaballapur Prasanna Achutarao, Independent Director
• Jayashree Satagopan, Independent Director
• Raghavan Sadagopan, Independent Director

Shares of Ajax Engineering are trading 2.6% higher at ₹591 aunit on the NSE. The stock listed at a discount of 8.4%.

• Traded volume: 51.41 lakh
• Traded value: ₹300.09 crore
• Total market capitalisation: ₹6,767.16 crore

Shares of Ajax Engineering are trading at ₹594.6, reflecting an increase of 3.23% on the NSE.

• Current price: ₹598.9 (+3.98%)
• Issue price: ₹629
• Open: ₹576
• High: ₹603.80
• Low: ₹566

Shares of Ajax Engineering advanced 0.72% to ₹580.15 per unit on the NSE.

Shares of Ajax Engineering are trading in positive territory. The stock is up 0.16% to ₹576.9 apiece on the NSE.

As it was completely an offer-for-sale (OFS), the money raised will go to the selling shareholders. The company will not get any IPO proceeds.

Ajax Engineering's popular products include self-loading concrete mixers, batching plants, transit mixers, pavers, dumpers, boom pumps and stationary pumps.

The market capitalisation of Ajax Engineering stands at ₹6,607.56 crore as shares are up 0.27% to ₹577.55 apiece on the NSE.

Ajax Engineering shares advanced 1.65% to ₹585.5 per unit on the NSE after listing at an 8.4% discount.

• Traded volume: 28.54 lakh
• Traded value ₹165 crore
• Total market capitalisation: ₹6,657.33 crore

• Current price: ₹581.9 (+1.02%)
• Issue price: ₹629
• Open: ₹576
• High: ₹594
• Low: ₹566

Shares of Ajax Engineering were trading 0.32% lower at ₹574.15 apiece on the NSE.

On the BSE, shares of Ajax Engineering Ltd were listed at a discount of 5.72% at ₹593 apiece to the issue price of ₹629.

Ajax Engineering Share Price Live Updates: Shares of Ajax Engineering were listed at ₹576, a discount of 8.43% to the issue price of ₹629 on the National Stock Exchange (NSE).

Shares of concrete equipment manufacturer Ajax Engineering settled 8.43% lower at ₹576 apiece against the issue price of ₹629 per unit on the NSE.

Ajax Engineering reserved 78,947 shares for employees at a discount of ₹59 from the issue price. The employee quota was booked 88%.

• Subscription period: February 10 to February 12
• Allotment: February 13
• Initiation of refunds: February 14
• Listing: February 17

Ajax Engineering IPO Listing Live Updates: The book-running lead managers to the issue were

• ICICI Securities Limited
• Citigroup Global Markets India Private Limited
• JM Financial Limited
• Nuvama Wealth Management Limited
• SBI Capital Markets Limited

The investors were allowed to apply for at least 23 shares worth ₹14,467 (Cutoff price).

Ajax Engineering IPO Listing Live Updates: The price band of the initial share sale of Ajax Engineering was set at ₹599 to ₹629 per share.

Retail investors subscribed to their portion 1.93 times. They applied for 1,35,63,767 shares compared to 70,35,525 equity shares reserved for them.

Ajax Engineering IPO received a total subscription of 6.45 times. Bids were received for 9,12,11,951 equity shares, compared to the 1,41,49,997 shares on offer.

Ajax Engineering IPO Listing Live Updates: Shares of concrete equipment maker will make their secondary market debut on Monday, February 17, 2025. The stock will be listed on the NSE and the BSE at 10 am.