What is the issue size of Ajax Engineering Ltd IPO?

The issue size of the Ajax Engineering Ltd IPO is 12693500000.

What is 'pre-apply' for Ajax Engineering Ltd IPO?

Pre-apply will allow you to apply for the Ajax Engineering Ltd IPO 2 days before the subscription period starts.

If I pre-apply for Ajax Engineering Ltd IPO, when will my order get placed?

Your order will be placed on the exchange as soon as the Ajax Engineering Ltd IPO bidding starts. You will receive a UPI request within 24 hours after the bidding period opens.

When will I know if my Ajax Engineering Ltd IPO order is placed?

We will notify you when your Ajax Engineering Ltd IPO order is placed with the exchange.

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

Ajax Engineering Ltd IPO will be open between 10 Feb '25 and 12 Feb '25.

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

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

What is the allotment date for the Ajax Engineering Ltd IPO?

Ajax Engineering Ltd IPO allotment date is 13 Feb '25. For Ajax Engineering Ltd IPO allotment status check, you can visit the website of the registrar of the IPO.

Who is the registrar of Ajax Engineering Ltd IPO?

For Ajax Engineering Ltd, the IPO registrar is LINK. You can check Ajax Engineering Ltd IPO allotment status on the website of the registrar.

Where is the Ajax Engineering Ltd IPO getting listed?

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

Ajax Engineering IPO

Ajax Engineering Ltd

₹13,777 /23 sharesMinimum Investment

Ajax Engineering IPO Listing DetailsListed OnIssue PriceListing PriceListing Gains
BSE₹629.00₹576.00-₹53.00 (8.43%)
Ajax Engineering IPO DetailsBidding DatesMin. InvestmentLot SizePrice Range
10 Feb ‘25 - 12 Feb ‘25₹13,77723₹599 - ₹629
Issue SizeIPO Doc
1269.35CrRHP PDF
Subscription rateAs of 12 Feb'25, 05:00 PM
Qualified Institutional Buyers11.58x
Non-Institutional Investor4.60x
Retail Individual Investor0.95x
Employees2.35x
Total4.76x
About Ajax Engineering
Ajax Engineering is a manufacturer of concrete equipment and offers products, services, and solutions across the concrete application process. The company’s product portfolio includes self-loading concrete mixers (SLCMs) and batching plants for concrete production, transit mixers for transportation, boom pumps, concrete pumps, and self-propelled boom pumps for placement. The company also provides slip-form pavers for paving and 3D concrete printers.
Ajax Engineering's equipment is used in different projects, including transportation infrastructure such as roads, railway lines, tunnels, elevated tracks, flyovers, and bridges. These products also support irrigation projects like reservoirs, canals, check dams, and aqueducts, as well as infrastructure developments involving landscaping, drainage, and the construction of airports, power plants, factories, and oil and gas terminals.;Founded in
1992
Managing director
Mr. Shubhabrata Saha
Parent organisation
Ajax Engineering Ltd
Ajax Engineering Ltd IPO
https://www.youtube.com/watch?v=KKSfnJvXjVU
Strengths & Financials of Ajax EngineeringStrengths
Risks
The company states that it supports customers throughout the lifespan of its equipment by providing spare parts and enabling after-sales service through its dealer network.
The company also states that the equipment assembly and boom arm manufacturing are carried out using horizontal boring machines at the company’s manufacturing facilities, which follow a lean production model. Key practices include the Andon system, just-in-time production, Kaizen, Poka-Yoke, and online traceability.
The company is involved in research and development of pre-mixes optimized for 3D printing, ensuring precise material properties for effective concrete extrusion and setting. Additionally, through TASC, it claims to provide specialized training programs for operating, maintaining, and repairing concrete construction equipment. These programs are certified by the Infrastructure Equipment Skill Council and the National Council of Vocational Education and Training.
Over the past decade, more than 29,800 concrete equipment units have been sold to over 18,900 customers across India. SLCMs are used in a variety of construction projects.
As of September 30, 2024, the company offers over 141 concrete equipment variants, serving different requirements within the concrete application value chain. 
The company has seen an increase in revenue from operations and profit after tax (PAT). Revenue from operations increased from Rs 763.29 crore in FY22 to Rs 1,151.13 crore in FY23 to Rs 1,741.40 crore in FY24. PAT increased from Rs 66.21 crore in FY22 to Rs 135.90 crore in FY23 to Rs 225.15 crore in FY24.
Ajax Engineering Financials
*All values are in Rs. Cr
No Graph Data To Display
Application Details of Ajax Engineering IPOApply asPrice bandApply upto
Regular₹599 - 629₹2 Lakh
Employee₹540 - 570₹2 Lakh
High Networth Individual₹599 - 629₹2 - 5 Lakh
For Ajax Engineering IPO, eligible investors can apply as Regular & Employee.

Listed On	Issue Price	Listing Price	Listing Gains
BSE	₹629.00	₹576.00	-₹53.00 (8.43%)

Bidding Dates	Min. Investment	Lot Size	Price Range
10 Feb ‘25 - 12 Feb ‘25	₹13,777	23	₹599 - ₹629

Issue Size	IPO Doc
1269.35Cr	RHP PDF

Apply as	Price band	Apply upto
Regular	₹599 - 629	₹2 Lakh
Employee	₹540 - 570	₹2 Lakh
High Networth Individual	₹599 - 629	₹2 - 5 Lakh

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Qualified Institutional Buyers	11.58x
Non-Institutional Investor	4.60x
Retail Individual Investor	0.95x
Employees	2.35x
Total	4.76x