Ajax Engineering IPO: A Comprehensive Guide for Investors
Ajax Engineering IPO: A Comprehensive Guide for Investors
On February 10, 2025, the public will be able to subscribe to the Ajax Engineering IPO, which will close on February 12, 2025.This initial public offering presents an opportunity to invest in a leading concrete equipment manufacturer in India.The issue aims to raise ₹1,269.35 crore through an offer for the sale of 2.02 crore shares. Here’s a detailed overview to help you make an informed decision.
Ajax Engineering IPO: Key Highlights
- IPO Dates:
February 10, 2025 – February 12, 2025. - Issue Size:
₹1,269.35 crore (offer for sale). - Price Band:
₹599 to ₹629 per share. - Lot Size:
23 shares. - Minimum Investment:
₹14,467 for one lot. - Listing Date (Tentative):
February 17, 2025 on BSE and NSE.
Ajax Engineering IPO: Background and objectives
Ajax Engineering Limited is a prominent manufacturer of concrete equipment in India.The IPO is entirely an offer for sale (OFS) of 2.02 crore shares, meaning the company will not receive any proceeds from the issue. The money raised will go to the selling shareholders, including promoters Krishnaswamy Vijay, Jacob Jiten John, Kalyani Vijay, Susie John, and Jacob Hansen Family Trust, who will offload their stakes. Investor Kedaara Capital Fund II LLP will also completely exit Ajax Engineering by divesting its entire stake.
Ajax Engineering IPO: Details
The IPO is a book-built issue. Retail investors can apply for a minimum of one lot, which comprises 23 shares. The price band is set between ₹599 and ₹629 per equity share.
Here’s a summary of the IPO details:
Key InformationDetails DateFebruary 10, 2025–February 12, 2025
Issue Size: ₹1,269.35 crore (offer for sale)
Price Band: ₹599 to ₹629 per share
Lot Size: 23 shares
Listing Date (Tentative): February 17, 2025
Face Value: ₹1 per share
Dates to Remember
- IPO Opening Date:
February 10, 2025. - IPO Closing Date:
February 12, 2025. - Basis of Allotment:
February 13, 2025. - Initiation of Refunds:
February 14, 2025. - Credit to Demat Account:
February 14, 2025. - IPO Listing Date:
February 17, 2025.
Ajax Engineering IPO: Investment Details
Retail investors need to invest a minimum of ₹14,467 for one lot of 23 shares. HNI investors are required to invest in at least 70 lots, amounting to ₹10,12,690.
Ajax Engineering IPO: Book-running lead managers and registrars
ICICI Securities Limited, Citigroup Global Markets India Private Limited, JM Financial Limited, Nuvama Wealth Management Limited, and SBI Capital Markets Limited are the Book Running Lead Managers (BRLMs) for the issue. Link Intime India Private Ltd is the registrar.
Ajax Engineering IPO: Allotment Quota
- Retail Quota:
Not more than 35% - QIB Quota:
Not more than 50% - NII Quota:
Not more than 15%
Ajax Engineering IPO: Financial Performance
To make an informed decision, investors should refer to the Ajax Engineering IPO RHP (Red Herring Prospectus) for detailed financial and operational information.
Ajax Engineering IPO: Grey Market Premium (GMP)
The estimated listing price for Ajax Engineering IPO is Rs 686, reflecting a potential gain of 9% per share.
Ajax Engineering IPO: How to Apply
To apply for the Ajax Engineering IPO, you can do so through your online brokerage account. Ensure you have a DEMAT account and sufficient funds to cover the investment.
READMORE: Dr. Agarwal’s Healthcare IPO: Key Insights and Investment Strategies for 2025
Conclusion
Conclusion
The Ajax Engineering IPO presents an opportunity to invest in a leading concrete equipment manufacturer. With a price band of ₹599 to ₹629 per share and a minimum investment of ₹14,467, retail investors can participate in this IPO.
