Ajax Engineering Limited IPO is opening on 10 February 2025 and will close on 12 February 2025. This mainboard IPO will be raising ₹1269.35 crore from a complete offer for sale (OFS) of 2.02 crore equity shares.
The Ajax Engineering IPO allotment date will be finalized on Thursday, 13 February 2025. Ajax Engineering shares will probably be listed on NSE and BSE on Monday, 17 February 2025.
Ajax Engineering IPO price band has been set between ₹599 to ₹629 per share. The IPO lot size is 23 per application and this makes minimum investment for retail investors as ₹14467. For the sNII and bNII, it is 14 lots and 70 lots respectively, aggregating to ₹202538 and ₹1012690 respectively.
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Ajax Engineering NSE & BSE IPO Details
| Detail | Information |
| IPO Opening Date | February 10, 2025 |
| IPO Closing Date | February 12, 2025 |
| Tentative IPO Listing Date | February 17, 2025 |
| Face Value | ₹1 per share |
| Price Range | ₹599 ₹629 per share |
| Lot Size | 23 shares |
| Total Issue Size | 20180446 Shares (₹1269.35 Cr) |
| OFS | 20180446 Shares (₹1269.35 Cr) |
| IPO Segment | Book Built Issue IPO |
| Listing At | NSE & BSE |
| Share Holding Pre-Issue | 114406800 shares |
| Share Holding Post-Issue | 114406800 shares |
Ajax Engineering Limited | Company Overview
Ajax Engineering Limited embarked on its journey in 1992 and it is now a well-known manufacturer of concrete equipment and services. It has developed over 141 concrete variants for the value chain as per the data of 30 September 2024. In the last ten years, it has sold around 29800 units of the same in India.
The company has four facilities in different districts of Karnataka –
- Obadenahalli
- Gowribidanur
- Bashettihalli
It has over 51 dealerships across 23 states of the country, 114 touchpoints, which include 51 headquarters and 63 branches out of which 34 serve the service centres as well.
The company has dealerships also across the globe such as in the Middle East, Southeast Asia, Africa, South Asia and more.
The product range of the firm includes the following –
- Self-loading concrete mixers
- Slipform pavers
- Transit mixers
- Batching plants
- Concrete pumps
- Boom pumps
- Self-propelled boom pumps
- 3D concrete printers
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Ajax Engineering Limited IPO | Key Details
- Ajax Engineering IPO Opening Date: February 10, 2025,
- Ajax Engineering IPO Closing Date: February 12, 2025.
- Allotment Date: February 13, 2025
- Price Band: ₹599 To ₹629 per share
- Lot Size: 23 shares
- Refunds Initiated: February 14, 2025
- Shares Credited to Demat: February 14, 2025
- Listing Date: February 17, 2025
Ajax Engineering Ltd: Financial Overview
Ajax Engineering Limited’s witnessed a 65.67% rise in the profits in FY24. Its revenue increased by 51% during the fiscal.
Here are the details of the financials of the firm
Amounts in ₹ Crore
| Financial Information | 31-Mar-24 | 31-Mar-23 | Change | Change (%) |
| Assets | 1,236.14 | 966.73 | 269.41 | 27.86817415 |
| Revenue | 1,780.07 | 1,172.57 | 607.5 | 51.80927365 |
| Profit After Tax | 225.15 | 135.9 | 89.25 | 65.67328918 |
| Net Worth | 917.96 | 713.8 | 204.16 | 28.60184926 |
| Reserve & Surplus | 906.52 | 702.36 | 204.16 | 29.06771456 |
| Total Borrowing | 6.23 | 10.14 | -3.91 | -38.5601578 |
Ajax Engineering Ltd IPO | FAQs
Ajax Engineering Ltd is a manufacturer of concrete equipment and also offers related services.
The tentative IPO listing date of Ajax Engineering has been fixed as Monday, February 17, 2025.
The bidding date for the Ajax Engineering IPO is February 10 2025, and it will continue until February 12 2025.
The minimum IPO lot size for Ajax Engineering is 23 shares and for sNII it is 14 lots while for bNII it is 70 lots.
The IPO allotment is expected to be finalized on Thursday, February 13, 2025.
The IPO face value is set at ₹1 per share.
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