Open Date
10 Feb 2025
Close Date
12 Feb 2025
Listing Date
17 Feb 2025
Max Investment
₹1,88,071
Price Range
₹629 - ₹629
Lot Size
23
IPO Size
₹1268.88Cr
Exchange Symbols
Ajax Engineering Ltd IPO
₹14,467
/ 23
Cutoff - Lot Size
Ajax Engineering Ltd IPO
Capital Goods-Non Electrical Equipment
Mainboard|
₹14,467
/ 23
Cutoff - Lot Size
IPO Dates and Timelines
IPO Size
IPO Reservation
Investor Category
Shares Offered
Allocation Percentage %
Anchor Investor Shares Offered
60,30,449
-
QIB Shares Offered
1,00,50,749
50.0%
NII (HNI) Shares Offered
30,15,225
15.0%
Retails Shares Offered
70,35,525
35.0%
Total Shares Offered
2,01,80,446
-
Total Shares with Anchor Investor
1,60,81,198
100%
IPO Lot Size
Applications
Lot
Shares
Amount
Retail (Min)
1
23
₹14,467
Retail (Max)
13
299
₹1,88,071
S-HNI (Min)
14
322
₹2,02,538
S-HNI (Max)
69
1587
₹9,98,223
B-HNI (Min)
70
1610
₹10,12,690
IPO Shareholding Pattern
Category
Pre-Issue
Post-issue
Promoter Group
93.50%
82.36%
Public Group
6.50%
17.64%
IPO Financials
Total Assets Total Liabilities
Total Revenue Total Expenditure
EBITDA Profit
Share Capital
IPO Peers
Peer Name
P/E(x)
RoNW%
IPO Strengths & Risks
Strength
Risks
Market leader in a large and fast-growing SLCM market with an approximately 77%, 75%, 77% and 86% market share in the SLCM market in India in terms of number of SLCMs sold during the six months period ended September 30, 2024 and Financial Years 2024, 2023 and 2022, respectively.
Leading concrete equipment company with a comprehensive range of concrete equipment, services and solutions across the concrete application value chain and over 141 concrete equipment variants as of September 30, 2024.
Engineering-focused concrete equipment company with strong in-house design, development and engineering capabilities.
Technology-led assembly and manufacturing processes supported by robust supplier network.
The company derives a significant majority of its revenue from the sale of self-loading concrete mixers (85.13% of the company revenue from operations for the Financial Year 2024). Any decrease in sales of SLCMs or demand for concrete equipment in India could adversely affect its business, results of operations, financial condition and cash flows.IPO Registrars
MUFG Intime India Pvt Ltd
Phone Number:
91-22-49186000
Email ID:
Website:
https://in.mpms.mufg.com
Limited
Since its inception 32 years ago, the company has developed a product portfolio that includes equipment such as self-loading concrete mixers and batching plants for the production of concrete, transit mixers for the transportation of concrete, boom pumps, concrete pumps and self-propelled boom pumps for the placement of concrete, slip-form pavers for the paving of concrete and 3D concrete printers for depositing concrete. It also continues to assist customers throughout the life of the equipment, and with that aim, it provides spare parts of the equipment sold by the company and facilitate the provision of after sales service by its dealers. Its equipment is sold through its dealers in and outside India to a diverse range of customers, including individual contractors, small and mid-sized contracting companies, rental companies, large construction companies and government construction agencies. As of September 30, 2024, its dealer network comprised of 51 dealerships across 23 states in India, and the company is accessible to its customers through 114 touchpoints, which comprise 51 dealer headquarters and 63 branches (of which, 34 also act as service centers) managed and operated by its dealers. Its revenue from operations for the six months period ended September 30, 2024 and September 30, 2023 and the Financial Years 2024, 2023 and 2022 was Rs. 7,699.85 million, Rs. 6,848.59 million, Rs. 17,414.03 million, Rs. 11,511.28 million and Rs. 7,632.89 million, respectively. Of this, 81.48%, 81.71%, 85.13%, 83.06%, and 77.44% for the respective periods/years were generated from the sale of SLCMs.
Contact Details
IPO Company Name:
Limited
Phone Number:
+91 82 9633 6111
Email ID:
Website:
www.ajax-engg.com
Address:
Bengaluru, Karnataka
IPO Overview
: IPO Dates
The IPO opens for subscription on 10 Feb 2025, and closes on 12 Feb 2025. Investors will likely receive their allotment status updates on 13 Feb 2025. Those who get allotted shares can expect them credited to their Demat accounts by 14 Feb 2025. The shares will be officially listed on the stock exchange on 17 Feb 2025.
: IPO Price Band
The IPO consists of a fresh issue and an offer for sale, with a price band set between ₹629.0 and ₹629.0 per share.Investors can apply within this range. This book-building issue includes a fresh issue worth ₹0.0 crore and an offer for sale valued at ₹ 1269.35 crore. The exact listing price will be revealed on 17 Feb 2025, which is when the shares start trading on the exchange.
: Lot Size and Issue Size
The minimum application lot size is shares, and investors need to apply for at least one lot. The total IPO size is approximately - crore.
How to Apply for IPO Online?
- 1. Log in to Torus Digital: Open the Torus Digital app and enter your login details.
- 2. Find the IPO Section: Navigate to the ‘IPO’ tab in the app.
- 3. Select IPO: Choose it from the list of available IPOs.
- 4. Enter Lot Quantity: Input how many lots you want to apply for.
- 5. Provide UPI ID: Submit your UPI ID for payment.
- 6. Approve Payment: When the payment request comes to your UPI app, approve it by entering your UPI PIN.
How to Check IPO Allotment Status for ?
- 1. Open the Torus Digital app and log in.
- 2. Go to the ‘IPO’ section and select ‘IPO Orders’.
- 3. Choose the IPO application.
- 4. View your allotment status.
You will also get notified of your allotment via push notifications and email from Torus Digital.
FAQ’s
What is the open date of IPO?
- The opening date of IPO is 10 Feb 2025.
What is the close date of IPO?
- The closing date of IPO is 12 Feb 2025.
What is the issue size of IPO?
- The issue size of IPO is Rs Cr.
What is the lot size of IPO?
- The size per lot of IPO is 23.0.
How to apply for IPO?
- To apply for IPO:
- Navigate to the IPO section of mobile app/website
- Click on Current IPO
- Click on IPO
- Enter Lot Quantity
- Enter Valid UPI ID
- Click on apply
- Your application will be processed once the transaction is completed successfully.
What is the allotment date of IPO?
- The Allotment Date of IPO is 13 Feb 2025.
What is the listing date of IPO?
- IPO will get listed on .
Who is the registrar of IPO?
- The registrar of IPO is MUFG Intime India Pvt Ltd.
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