Ajax Engineering IPO is a book built issue of Rs 1,269.35 crores. The issue is entirely an offer for sale of 2.02 crore shares. The IPO opens for subscription on February 10, 2025 and closes on February 12, 2025. The allotment for the Ajax Engineering IPO is expected to be finalized on Thursday, February 13, 2025. Ajax Engineering IPO will be list on BSE, NSE with a tentative listing date fixed as Monday, February 17, 2025.
- Issue Opens: February 10, 2025
- Issue Closes: February 12, 2025
- Face Value: Rs 1 each
- Price Band: Rs 599 to Rs 629 per share
- Lot Size: 23 Shares
- Listing On: BSE & NSE
Ajax Engineering IPO price band is set at ₹599 to ₹629 per share. The minimum lot size for an application is 23. The minimum amount of investment required by retail investors is ₹14,467.
Ajax Engineering Limited manufactures a wide range of concrete equipment and services across the value chain. As of September 30, 2024, The Company has developed 141 concrete equipment variants for the value chain and sold over 29,800 units in India in the last ten years. As of September 30, 2024, the design, engineering, and development team has 79 full-time employees, about 15.96% of the total workforce.
As of September 30, 2024, Ajax Engineering Limited has four facilities in Karnataka, located at Obadenahalli, Gowribidanur, and Bashettihalli, each specializing in different products, especially the Obadenahalli facility. The company has 51 dealerships across 23 states in India, providing 114 touchpoints, including 51 headquarters and 63 branches, 34 of which also serve as service centers.
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