Don’t Miss Out: Invest in Ajax Engineering’s High-Demand IPO Today!
Ajax Engineering IPO price band is set at ₹599 to ₹629. The issue will open for subscription on February 10 and close on February 12. The date for anchor investor allocation is February 7. The offer comprises an offer-for-sale of 2.01 crore equity shares.
One of the most-awaited Initial Public Offerings (IPOs), that of Ajax Engineering, has announced 10 February 2025 as the date when it will open for public subscription. This would offer a thrilling investment experience to all investors. As a leading Indian manufacturer of self-loading concrete mixers, Ajax Engineering Limited has a high market share of 77% in the market. The IPO is an offer-for-sale of 2.01 crore equity shares wherein key shareholders including Kedaara Capital, Krishnaswamy Vijay, and many more, will offload their stakes.
⚙️ Ajax Engineering Limited IPO
🗓️Date: 10 - 12 Feb,2025
🏷️Price Band: ₹599- ₹629
📦Market Lot: 23 Shares
💰Application Amount: ₹14,467
📏Size: ₹1,269.35 Cr Approx
👦Retail Portion: 35%
📃 Retail Form: 3,05,892
📄HNI Small Form: 3,121
📄HNI Big Form: 6,243
🏷️Face Value: ₹1
The IPO of Ajax Engineering will open on 10 February 2025 and will continue till 12 February 2025. The price band has been placed at Rs 599-Rs 629. Bidding by investors can take place in that range. Anchor investors can put their bids two working days in advance on February 7, 2025, before the issue opens to the public. As the IPO completely happens to be an offer for sale, proceeds would go towards selling shareholders as opposed to that company. On February 13, 2025, allotment shall be finalized with the refund issued on February 14, 2025, while allottee shareholders will be getting their demat accounts credited with shares by the same date. Finally, the shares of Ajax Engineering are to be listed on the BSE and NSE on February 17, 2025.
Key Information:
The financial performance of Ajax Engineering has been outstanding, with revenue and profitability growing steadily. For the fiscal year 2024, the company posted a profit of Rs 225.1 crore, showing a significant year-on-year growth of 65.7%. The revenues also witnessed a remarkable spurt and surged by 51.3% to Rs 1,741.4 crore as compared to the last year. Profit for the first half of fiscal 2025 observed positive traction at Rs 101 crore with growth of 21.8% as against the corresponding period in the previous financial year. Revenue for the six months had stood at Rs 770 crore, up by 12.4% from year-on-year.
One of the major factors that investors keep track of during an IPO is the Grey Market Premium (GMP). The grey market has garnered much interest regarding the Ajax Engineering IPO, with the GMP expected to be strong. GMP represents listing gains and will give a picture of how the market is taking the IPO to be listed. Investors must observe the fluctuation in GMP to measure the demand for the shares of Ajax Engineering before it is listed on the official exchanges.
Ajax Engineering has competition from established players in the construction equipment sector, such as Action Construction Equipment, BEML, and Escorts Kubota. The healthy financials and dominant market position of Ajax Engineering make its IPO a good investment for those who would like to take exposure to India's rapidly expanding infrastructure and construction sector.
IPO Lead Managers:
The following financial institutions are leading the book running of the IPO:
These will be responsible for ensuring a seamless execution of the IPO process with maximum investor participation.
For investors who have decided to join the Ajax Engineering IPO, leadership in the market, high and consistent financial growth, and booming demand in the construction sector could be the big reasons to join the IPO. Ajax Engineering also enjoys a wide lead in self-loading concrete mixers. Moreover, with positive signals from the grey market, the IPO is likely to witness high demand. Before making any investment decision, it is advised to check the subscription status, GMP trends, and fundamental strength of the company. Keep getting real-time IPO updates, allotment status, and listing news for your investment.
FAQs based on the Ajax Engineering IPO
1. What is the IPO date for Ajax Engineering?
Ajax Engineering's IPO will open for public subscription on 10 February 2025 and will close on 12 February 2025.
2. What is the price band for the Ajax Engineering IPO?
The price band for the Ajax Engineering IPO has been set between Rs 599 and Rs 629 per equity share.
3. Who are the key shareholders selling their stakes in Ajax Engineering IPO?
Key shareholders selling their stakes include Kedaara Capital, Krishnaswamy Vijay, and other investors in the company.
4. When can anchor investors place their bids for Ajax Engineering IPO?
Anchor investors can place their bids on 7 February 2025, which is two working days before the issue opens to the public.
5. What is an offer-for-sale (OFS) in an IPO?
An Offer-for-Sale (OFS) means that existing shareholders are selling their shares in the market, and the proceeds from the sale will go to these selling shareholders instead of the company.
6. When will the allotment of Ajax Engineering IPO shares be finalized?
The IPO allotment will be finalized on 13 February 2025.
7. When will the IPO refund be issued?
Refunds for the Ajax Engineering IPO will be issued on 14 February 2025.
8. When will the Ajax Engineering shares be listed on the stock exchanges?
The shares of Ajax Engineering will be listed on the BSE and NSE on 17 February 2025.
9. What is the Grey Market Premium (GMP) for the Ajax Engineering IPO?
The Grey Market Premium (GMP) represents the expected listing gains and gives an indication of the demand for the IPO before it officially lists on the exchanges. The GMP for Ajax Engineering is expected to be strong, indicating high investor interest.
10. How has the financial performance of Ajax Engineering been in recent years?
Ajax Engineering has shown remarkable financial growth. In FY 2024, the company posted a profit of Rs 225.1 crore, marking a 65.7% year-on-year growth. The revenue also surged by 51.3% to Rs 1,741.4 crore compared to the previous year.
11. What are the competitors of Ajax Engineering in the construction equipment sector?
Ajax Engineering faces competition from major players like Action Construction Equipment, BEML, and Escorts Kubota in the construction equipment industry.
12. Who are the lead managers for the Ajax Engineering IPO?
The lead managers for the Ajax Engineering IPO are ICICI Securities, Citigroup Global Markets India, JM Financial, Nuvama Wealth Management, and SBI Capital Markets.
13. Why should I consider investing in the Ajax Engineering IPO?
Ajax Engineering’s market leadership in self-loading concrete mixers, consistent financial growth, and its strong position in the expanding construction and infrastructure sector make it an attractive investment opportunity. The positive Grey Market Premium (GMP) also signals high investor demand.
14. How can I stay updated on the Ajax Engineering IPO?
For real-time updates on the Ajax Engineering IPO, including subscription status, allotment status, and listing news, it is advised to check for the latest information regularly.
