Ajax Engineering Ltd IPO – Dates, Price Band & Lot Size
The Ajax Engineering Ltd IPO will be live from 10 Feb'25 to 12 Feb'25 with an issue size of ₹1268.88 crores. The IPO is priced in the band of ₹0.00–₹629.00 per share with a minimum lot size of 23.00 shares. Stay updated with IPO dates, allotment status, and listing details.
Min Investment ₹14467.00
Subscribed Times 6.44x
Issues size ₹1269 Crores
Price Range ₹0.00 - ₹629.00
Open on 10 Feb'25
Close on 12 Feb'25
Ajax Engineering Ltd IPO Details
Lot Size 23.00
Issue size ₹1269 Crores
Issue Type Book Building
Ajax Engineering Ltd Shares Offered
Qualified Inst. Buyers 28.41
Non Inst. Buyers 21.31
Retails Ind. Buyers 49.72
Ajax Engineering Ltd Subscription Status
(as of 13 Feb 2026) Overall Status 6.44x
Qualified Inst. Buyers 14.41x
Non Inst. Buyers 6.46x
Retails Ind. Buyers 1.92x
Ajax Engineering Ltd IPO Timeline
10 Feb'25 Issue Open
12 Feb'25 Issue Close
13 Feb'25 Finalization of Basis of Allotment
14 Feb'25 Initiation of refund
14 Feb'25 Transfer of shares to Demat Account
17 Feb'25 Listing Date
Ajax Engineering Ltd Objects of the offer
Maintain its leadership position and grow market share of its SLCM portfolio by developing innovative products to cater to new untapped markets.
Strengthen capabilities and increase market share of its non-SLCM portfolio.
Improving operational efficiencies.
Increase its presence in overseas markets through exports.
Explore opportunities for inorganic growth.
Ajax Engineering Ltd Company's Financials
Assets(cr) Mar 2025 1159.65 Mar 2024 926.86 Mar 2023 728.61
Gross Profit(cr) Mar 2025 361.81 Mar 2024 312.19 Mar 2023 191.51
Liabilities(cr) Mar 2025 2.51 Mar 2024 8.90 Mar 2023 14.81
Net Income(cr) Mar 2025 260.10 Mar 2024 225.15 Mar 2023 135.90
Revenue(cr) Mar 2025 2073.92 Mar 2024 1741.40 Mar 2023 1151.13
Ajax Engineering Ltd Peer Comparison
Script Name Action Construction Equipment Ltd Revenue(cr) 2913.80 Net Profit(cr) 328.16 EPS 27.56 Current Ratio 15.12
Script Name Escorts Kubota Ltd Revenue(cr) 8849.62 Net Profit(cr) 1049.11 EPS 96.64 Current Ratio 9.31
Ajax Engineering Ltd IPO
Ajax Engineering Ltd Company Contact Info
253/1, 11th Main Rd, 3rd Phase,
Peenya Industrial Area,
Bengaluru-560058
Phone : +91 82 9633 6111
Ajax Engineering Ltd Registrar & Transfer Agent
MUFG Intime India Pvt Ltd
C-101 247 Park,
L B S Marg-Mumbai-400083
Phone : 91-22-49186000
Fax : 91-22-49186060
Ajax Engineering Ltd Book Running Managers
Offer Related Information
Initial public offer of 20,180,446 equity shares of face value of Re. 1 each (Equity Shares) of Ajax Engineering Limited (Company or Issuer) for cash at a price of Rs. 629^ per equity share (including a share premium of Rs. 628^ per equity share) (Offer Price) aggregating to Rs. 1268.88 crores^ (the Offer), through an offer for sale by the selling shareholders (defined below), consisting of 1,716,102 equity shares of face value of Re. 1 each aggregating to Rs. 107.90 crores^ by Krishnaswamy Vijay, 1,716,102 equity shares of face value of Re. 1 each aggregating to Rs. 107.90 crores^ by Kalyani Vijay, 2,288,136 equity shares of face value of Re. 1 each aggregating to Rs. 143.87 crores^ by Jacob Jiten John, 5,593,221 equity shares of face value of Re. 1 each aggregating to Rs. 351.69 crores^ by Jacob Hansen Family Trust (collectively referred to as Promoter Selling Shareholders), 7,436,800 equity shares of face value of Re. 1 each aggregating to Rs. 467.60 crores^ by Kedaara Capital Fund ii llp (Kedaara Capital, the Investor Selling Shareholder) and 1,430,085 equity shares of face value of Re. 1 each aggregating to Rs. 89.92 crores^ by Susie John (Promoter Group Selling Shareholder) (the promoter selling shareholders, along with the investor selling shareholder and promoter group selling shareholder, collectively referred to as the Selling Shareholders) (Offer for Sale, and together, the Offer). The offer included a reservation of 78,947 equity shares of face value of Re. 1 each (constituting to 0.07% of the post-offer paid-up equity share capital of the company) aggregating to Rs. 4.50 crores^ for subscription by eligible employees (as defined hereinafter) (the Employee Reservation Portion). The offer less the employee reservation portion is hereinafter referred to as the Net Offer. The company, in consultation with the book running lead managers, offered a discount of to 9.38% to the offer price equivalent of Rs. 59.00 per equity share to eligible employees bidding in the employee reservation portion (Employee Discount). ^A discount of Rs. 59.00 per equity share was offered to eligible employees bidding in the employees reservation portion. The offer and the net offer constitutes 17.64% and 17.57% of its post-offer paid-up equity share capital of the company respectively. The offer price is 629 times the face value of the equity shares.
Ajax Engineering Ltd IPO FAQs
What is the issue size of Ajax Engineering Ltd IPO?
The issue size of Ajax Engineering Ltd IPO is ₹ 1269 crore.
What is 'pre-apply' for Ajax Engineering Ltd IPO?
'Pre-apply' lets you place your IPO application before the official opening date.
If I pre-apply for Ajax Engineering Ltd IPO, when will my order get placed?
Your order will be placed automatically once the IPO opens for subscription.
When will I know if my Ajax Engineering Ltd IPO order is placed?
You'll get a confirmation via SMS/email once your IPO order is successfully placed.
What are the open and close dates of the Ajax Engineering Ltd IPO?
The IPO opens on 10 Feb and closes on 12 Feb.
What is the lot size and minimum order quantity of the Ajax Engineering Ltd IPO?
The minimum order is 1 lot, which consists of 23.00 shares.
What is the allotment date for the Ajax Engineering Ltd IPO?
The allotment is expected on 13 Feb.
Who is the registrar of the Ajax Engineering Ltd IPO?
MUFG Intime India Pvt Ltd is the registrar for this IPO.
Where is the Ajax Engineering Ltd IPO getting listed?
It will be listed on BSE,NSE.