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Initial Public Offerings (IPOs)

Ajax Engineering IPO

₹14,467 /23 shares

Minimum Investment

Ajax Engineering IPO Details

Min. Investment

₹14,467

Lot Size

23

Price Range

₹599 to ₹629

Issue Size

₹1,269.35 Cr

About Ajax Engineering Limited

Incorporated in July 1992, Ajax Engineering Limited manufactures a wide range of concrete equipment and services across the value chain. As of March 31, 2024, The company has developed 110 concrete equipment variants for the value chain and sold over 27,800 units in India in the last ten years.

Subscription Figures 12 Feb, 2025 17:04

  • QIB 14.41x
  • NII 6.05x
  • NII ( >10 lakh) 7.88x
  • NII ( <10 lakh) 2.39x
  • Retail 1.91x
  • Employee 2.62x
  • Total 6.35x

Tentative Date / Timetable

Bid/Offer Opens On Feb 10, 2025
Bid/Offer Closes On Feb 12, 2025
Finalisation of Basis of Allotment Feb 13, 2025
Initiation of Refunds Feb 14, 2025
Credit of Shares to Demat Acct Feb 14, 2025
IPO Shares Listing Date Feb 17, 2025

Company Promoters

1. The Promoters of the company are Krishnaswamy Vijay
2. Jacob Jiten John
3. Kalyani Vijay
4. Madhuri Vijay
5. Prashanth Vijay
6. Rachel Rekha Hansen
7. Savitha Christeena Alexander
8. Sean Alexander
9. Green Haven Trust
10. Ohana Trust
11. Jacob Hansen Family Trust and The Johns Loaves Trust.

Lead Managers

1. ICICI Securities Limited
2. Citigroup Global Markets India Private Limited
3. Jm Financial Limited
4. Nuvama Wealth Management Limited
5. SBI Capital Markets Limited

Contact Information

  • Ajax Engineering Limited 253/1, 11th Main Road 3 rd Phase, Peenya Industrial Area Bengaluru 560058
  • Phone No : +91 82 96336111
  • Email : complianceofficer@ajax-engg.com
  • Website : https://www.ajax-engg.com/

IPO Registrar