Ajax Engineering IPO Subscription Status
Ajax Engineering IPO closed on 12 February 2025 with an overall subscription of 6.06x based on shares applied. QIB demand came in at 13.04x, NII at 6.43x, and retail at 1.85x.
Allotment will be finalised on 13 February 2025. The stock is scheduled to list on NSE and BSE on 17 February 2025.
Issue Price
Rs 629.00
GMP Today
Rs -3.00 (-0.48%)
Overall Subscription
6.06x
Issue Size
₹1269.35 Cr
Allotment Date
13 Feb 2025
Listing Date
17 Feb 2025
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 |
Ajax Engineering IPO Subscription by Shares
Category-wise subscription based on shares bid. Application-wise bid counts are not available for this IPO yet.
| Category | Shares Offered | Shares Bid | Subscription |
|---|---|---|---|
| QIB | 40,20,300 | 5,24,30,915 | 13.04x |
| NII | 30,15,225 | 1,93,92,335 | 6.43x |
| sNII (Rs 2L to Rs 10L) | 10,05,075 | 35,09,432 | 3.49x |
| bNII (above Rs 10L) | 20,10,150 | 1,54,26,123 | 7.67x |
| Retail | 70,35,525 | 1,30,09,168 | 1.85x |
| Total | 1,40,71,050 | 8,48,32,418 | 6.03x |
What Do These Subscription Numbers Mean?
A subscription of 6.06x by shares means the IPO received bids for 6 times the shares reserved. Allotment odds depend on application count in each category, not share volume.
Here is what each category number tells you:
QIB at 13.04x by shares: This is the strongest signal on the page. QIBs are institutional investors, mutual funds, foreign institutions, and banks. When they subscribe at 13.04x, it reflects serious institutional conviction.
NII at 6.43x by shares: NII includes high net worth individuals applying above Rs 2 lakh. Proportional allotment uses application subscription.
Retail at 1.85x by shares: Allotment is by lottery, but application-wise data is needed for accurate 1-in-X odds. Share oversubscription often overstates how hard allotment is.
Ajax Engineering IPO Allotment Chances
Allotment odds below use application subscription (number of bids received), not share or amount subscribed.
Retail
- •Share subscription: 1.85x (application-wise data pending).
- •Allotment odds will be updated once application subscription is synced.
SHNI (Rs 2 lakh to Rs 10 lakh)
- •Share subscription: 3.49x (application-wise data pending).
- •Allotment odds will be updated once application subscription is synced.
BHNI (above Rs 10 lakh)
- •Share subscription: 7.67x (application-wise data pending).
- •Allotment odds will be updated once application subscription is synced.
Check the Ajax Engineering IPO Allotment Status page from 13 February 2025 for your allotment result.
Ajax Engineering IPO Day-wise Subscription
| 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 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
High net worth individuals applying above Rs 2 lakh. Divided into bNII (above Rs 10 lakh) and sNII (Rs 2 lakh to Rs 10 lakh). NII allotment is proportional.
Retail - Retail Individual Investors
Investors applying up to Rs 2 lakh per PAN. Allotment is by lottery when oversubscribed. Minimum one lot per successful applicant.
Ajax Engineering IPO Subscription FAQs
What is Ajax Engineering IPO IPO subscription status today?
Ajax Engineering IPO IPO subscription closed on 12 February 2025 with overall subscription of 6.06x (by shares) as of 27 June 2026, 2:01 AM IST. QIB 13.04x, NII 6.43x, Retail 1.85x.
What is the overall subscription of Ajax Engineering IPO IPO?
Ajax Engineering IPO 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 IPO QIB subscription?
Ajax Engineering IPO 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 IPO Retail subscription?
Ajax Engineering IPO IPO Retail subscription is 1.85x by shares. Minimum retail bid is up to Rs 2 lakh per PAN.
What is Ajax Engineering IPO IPO NII subscription?
Ajax Engineering IPO IPO NII (Non-Institutional Investors) subscription is 6.43x by shares. NII covers bids above Rs 2 lakh.
What are allotment chances in Ajax Engineering IPO IPO for retail?
Ajax Engineering IPO IPO retail share subscription is 1.85x. Application-wise data is needed for accurate lottery odds.
When is Ajax Engineering IPO IPO allotment date?
Ajax Engineering IPO 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 IPO subscription close?
Ajax Engineering IPO IPO subscription closed on 12 February 2025. No new applications are accepted after the close.
What is Ajax Engineering IPO IPO GMP today?
Ajax Engineering IPO 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 IPO issue price and lot size?
Ajax Engineering IPO 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 IPO listing date?
Ajax Engineering IPO IPO listing date is 17 February 2025 on NSE and BSE. Allotment is on 13 February 2025.
How does subscription affect Ajax Engineering IPO IPO allotment?
Allotment odds in Ajax Engineering IPO IPO depend on application subscription in each category, not share volume. Retail uses lottery when oversubscribed. NII uses proportional allotment by applications. 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.
Reviewed by Dinesh Agrawal
15+ years in Indian capital markets and IPO research. Subscription data verified before publish.