Ajax Engineering IPO Subscription
ListedUpdated 17 February 2025, 9:15 AM IST· Mainboard
Ajax Engineering IPO subscription closed on 12 February 2025 at 6.06x overall by shares. QIB demand came in at 13.04x, NII at 6.43x, and retail at 1.85x. See Retail, SHNI, and BHNI allotment chances in the table below.
Allotment date is 13 February 2025. Listing date on NSE and BSE is 17 February 2025.
Ajax Engineering IPO Day-wise Subscription
Daily QIB, NII, Retail, and overall subscription as bids come in
| Day | QIB | NII | Retail | Overall |
|---|---|---|---|---|
| Day 1 - 10 Feb 2025 | 0.26x | 0.28x | 0.29x | 0.28x |
| Day 2 - 11 Feb 2025 | 0.33x | 0.61x | 0.52x | 0.49x |
| Day 3 - 12 Feb 2025 | 13.04x | 6.43x | 1.85x | 6.01x |
Ajax Engineering IPO Allotment Chances
Retail, SHNI, and BHNI chances based on application subscription
Ajax Engineering IPO allotment chances for Retail, SHNI, and BHNI. All three use lottery when the category is oversubscribed.
| Category | Subscription (Apps) | Allotment Chances |
|---|---|---|
| Retail | 1.85x (shares) | Updating soon |
| SHNI (Rs 2L to Rs 10L) | 3.49x (shares) | Updating soon |
| BHNI (above Rs 10L) | 7.67x (shares) | Updating soon |
Chances use application subscription (how many bids came in), not share or amount figures. If you get allotment, you get at least one lot. Higher subscription means lower chance per PAN.
Check the Ajax Engineering IPO Allotment Status page from 13 February 2025 for your result.
Ajax Engineering IPO Subscription by Amount
Category-wise subscription based on amount applied at issue price Rs 629.00
| Category | Amount Offered | Amount Applied | Subscription |
|---|---|---|---|
| QIB | Rs 252.88 Cr | Rs 3,297.90 Cr | 13.04x |
| NII | Rs 189.66 Cr | Rs 1,219.78 Cr | 6.43x |
| sNII (Rs 2L to Rs 10L) | Rs 63.22 Cr | Rs 220.74 Cr | 3.49x |
| bNII (above Rs 10L) | Rs 126.44 Cr | Rs 970.30 Cr | 7.67x |
| Retail | Rs 442.53 Cr | Rs 818.28 Cr | 1.85x |
| Total | Rs 885.07 Cr | Rs 5,335.96 Cr | 6.03x |
What Do These Subscription Numbers Mean?
6.06x overall by shares means bids covered about 6 times the shares on offer. Allotment chances depend on applications in each category.
QIB at 13.04x by shares shows institutional demand from mutual funds, FIIs, and banks.
NII covers bids above Rs 2 lakh (6.43x by shares). SHNI and BHNI allotment is by lottery.
Retail at 1.85x by shares. Exact lottery chances need application data.
Ajax Engineering IPO Key Dates
| Event | Date |
|---|---|
| IPO Open Date | 10 February 2025 |
| IPO Close Date | 12 February 2025 |
| Allotment Date | 13 February 2025 |
| Refund Initiation | 14 February 2025 |
| Share Credit to Demat | 14 February 2025 |
| Listing Date | 17 February 2025 |
| Minimum Investment | Rs 14,467.00 |
| Lot Size | 23 shares |
About Ajax Engineering IPO
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.
Understanding Subscription Categories
QIB - Qualified Institutional Buyers
Includes foreign institutional investors, domestic financial institutions, mutual funds, and other qualified institutions. QIB demand is considered the most reliable indicator of institutional confidence in an IPO.
NII - Non-Institutional Investors (SHNI & BHNI)
Investors bidding above Rs 2 lakh. Split into SHNI (Rs 2 lakh to Rs 10 lakh) and BHNI (above Rs 10 lakh). Both use lottery allotment when oversubscribed.
Retail - Retail Individual Investors
Investors bidding up to Rs 2 lakh per PAN. Allotment is by lottery when oversubscribed. Winners get at least one lot.
Ajax Engineering IPO IPO Pages
Open related pages for this IPO: details, GMP, subscription, allotment, review, FAQ, registrar, timeline, and news.
Ajax Engineering IPO Details
Issue size, price, financials, and company info
Ajax Engineering IPO GMP
Live grey market premium and listing estimate
Ajax Engineering IPO Subscription
QIB, NII, Retail, SHNI and BHNI subscription
Ajax Engineering IPO Allotment
Allotment date, chances, and check by PAN
Ajax Engineering IPO Review
SWOT, strengths, risks, and IPO review
Ajax Engineering IPO FAQ
Common questions on dates, GMP, and allotment
Ajax Engineering IPO Registrar
Registrar website and how to check allotment
Ajax Engineering IPO Timeline
Open, close, allotment, and listing dates
Ajax Engineering IPO News
Updates, blogs, and latest IPO news
Ajax Engineering IPO Subscription FAQs
What is Ajax Engineering IPO subscription status today?
Ajax Engineering IPO subscription closed on 12 February 2025 with overall subscription of 6.06x (by shares) as of 27 August 2026, 4:32 AM IST. QIB 13.04x, NII 6.43x, Retail 1.85x.
What is the overall subscription of Ajax Engineering IPO?
Ajax Engineering IPO is subscribed 6.06x overall by shares at close on 12 February 2025. QIB 13.04x, NII 6.43x, and Retail 1.85x.
What is Ajax Engineering IPO QIB subscription?
Ajax Engineering IPO QIB (Qualified Institutional Buyers) subscription is 13.04x by shares. QIB includes mutual funds, FIIs, banks, and other institutions.
What is Ajax Engineering IPO Retail subscription?
Ajax Engineering IPO Retail subscription is 1.85x by shares. Retail bids are up to Rs 2 lakh per PAN.
What is Ajax Engineering IPO NII, SHNI, and BHNI subscription?
Ajax Engineering IPO NII subscription is 6.43x by shares. NII is bids above Rs 2 lakh, split into SHNI (Rs 2L to Rs 10L) and BHNI (above Rs 10L).
What are Ajax Engineering IPO retail allotment chances?
Ajax Engineering IPO retail share subscription is 1.85x. Application data is needed for exact lottery chances.
What are Ajax Engineering IPO SHNI allotment chances?
Ajax Engineering IPO SHNI share subscription is 3.49x. Application data is needed for exact lottery chances.
What are Ajax Engineering IPO BHNI allotment chances?
Ajax Engineering IPO BHNI share subscription is 7.67x. Application data is needed for exact lottery chances.
When is Ajax Engineering IPO allotment date?
Ajax Engineering IPO allotment date is 13 February 2025. Check Ajax Engineering IPO Allotment Status on IPOwiz from that day using your PAN.
When does Ajax Engineering IPO subscription close?
Ajax Engineering IPO subscription closed on 12 February 2025. No new applications are accepted after the close.
What is Ajax Engineering IPO GMP today?
Ajax Engineering IPO GMP is ₹-3 today (-0.48% over issue price ₹629). See live GMP on the Ajax Engineering IPO GMP Today page.
What is Ajax Engineering IPO issue price and lot size?
Ajax Engineering IPO issue price is ₹629 per share. Lot size is 23 shares. Minimum investment is ₹14,467 per lot. Issue size: ₹1269.35 Cr.
When is Ajax Engineering IPO listing date?
Ajax Engineering IPO listing date is 17 February 2025 on NSE and BSE. Allotment is on 13 February 2025.
How does subscription affect Ajax Engineering IPO allotment?
In Ajax Engineering IPO, Retail, SHNI, and BHNI allotment is by lottery when oversubscribed. Chances follow application subscription in each category, not share volume. At 6.06x overall, competition is moderate.
For allotment results from 13 February 2025, visit the Ajax Engineering IPO Allotment Status page. For listing day updates on 17 February 2025, download the IPOwiz App.
Sources
We match Ajax Engineering IPO IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.
- SEBIRules for IPO allotment and disclosures in India
- NSEExchange notices, bidding data, and listing updates
- BSEExchange notices and IPO allotment check tools
- RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
- IPO RegistrarRegistrar details are on the allotment page for this IPO
Also read our Editorial Policy, How GMP is calculated, How allotment chances work, and IPO fund allocation.
Reviewed by
Dinesh Agrawal · Lead IPO Analyst
15+ years in Indian markets and IPO research. He reviews subscription data before it goes live.