Ajax Engineering IPO

Ajax Engineering IPO: Check IPO Date, Live Subscription and Key Details

Established in July 1992, Ajax Engineering Limited specializes in designing and manufacturing concrete equipment while providing services across the value chain. The company has developed 110 equipment variants, selling over 27,800 units in India over the past decade as of March 31, 2024.

Price Range
₹599.0 - ₹629.0
Issue Size
₹1,269.35 Cr
Lot Size
23 shares
IPO Type
Mainboard
GMP
₹-3(-0.48%)
Est. Listing Price
₹626
Estimate Profit
₹-69
Retail Portion
-

Key Metrics

GMP
Face Value
₹1
EPS
17.66
P/E Ratio
35.62
RoNW
19.39%
ROE
24.53%
Debt to Equity
0.01
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Timeline

IPO Opens

10 Feb

IPO Closes

12 Feb

Allotment

13 Feb

Listing

17 Feb

IPO Timeline & Listing Details

EventDate
IPO Open Date10 February 2025
IPO Close Date12 February 2025
Allotment Date13 February 2025
Listing Date17 February 2025

Investment Categories

CategoryLotsAmount
Retail (Min)
1₹14,467
Retail (Max)Just less than ₹2,00,000
13₹1,88,071
SHNI (Min)Just above ₹2,00,000
14₹2,02,538
SHNI (Max)Below ₹10,00,000
69₹9,98,223
BHNIAbove ₹10,00,000
70₹10,12,690

IPO Objectives

  • The Company will not receive any proceeds of the Offer. Each of the Selling Shareholders will be entitled to the respective proportion of proceeds of the Offer for Sale after deducting its portion of the Offer-related expenses and the relevant taxes thereon.

Strengths

  • Leading player in the rapidly expanding self-loading concrete mixer (SLCM) market.
  • Diverse product portfolio catering to the entire concrete application process.
  • Strong in-house expertise in design, development, and engineering.
  • Wide dealership network ensuring broad distribution and service coverage.
  • Experienced leadership with skilled professionals and industry knowledge.

Weaknesses

  • Heavy reliance on the Indian market for revenue generation.
  • Limited international footprint compared to global competitors.
  • Susceptible to fluctuations in raw material prices impacting costs.
  • Capital-intensive operations with significant manufacturing and R&D expenses.
  • Demand fluctuations due to cyclicality in the construction and infrastructure sectors.
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Financial Performance

Period Ended30 Sep 202431 Mar 202431 Mar 202331 Mar 2022
Assets (₹ Cr.)1,348.761,236.14966.73735.31
Revenue (₹ Cr.)794.161,780.071,172.57771.85
PAT (₹ Cr.)101.02225.15135.966.21
Net Worth (₹ Cr.)995.84917.96713.8578.27

Peer Comparison

CompanyP/B RatioP/E RatioRONW (%)Net Worth (₹ Cr.)
Ajax Engineering7.8631.9619.39%995.84
Action Construction11.2246.1326.65%1,232
Beml Ltd.4.9754.2410.56%2,668

Subscription Details

Daily Bids Status

CategoryDay 1Day 2Day 3
QIB0.26x0.33x13.04x
NII0.28x0.61x6.43x
S-HNI0.35x0.77x3.49x
B-HNI0.24x0.51x7.67x
RII0.29x0.52x1.85x
EMP0.54x1.19x2.59x
Total0.28x0.49x6.01x

Overall Subscription Statistics

CategoryShares OfferedShares BidBid Amount (₹ Cr)
QIB40,20,3005,24,30,9153,297.9
NII30,15,2251,93,92,3351,219.78
Small NII10,05,07535,09,432220.74
Big NII20,10,1501,54,26,123970.3
RII70,35,5251,30,09,168818.28
EMP78,9472,04,86112.89
Total1,41,49,9978,50,37,2795,348.84
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Company Details

  • Ajax Engineering Limited
  • 253/1, 11th Main Road 3 rd Phase, Peenya Industrial Area Bengaluru 560058
  • +91 82 96336111
  • complianceofficer@ajax-engg.com
  • https://www.ajax-engg.com/

Registrar Details

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