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Ajax Engineering IPO is a book-built issue of ₹1,269.35 crores, consisting entirely of an offer for sale of 2.02 crore shares.
The IPO subscription period begins on February 10, 2025, and closes on February 12, 2025. The share allotment is expected to be finalized on February 13, 2025. Ajax Engineering IPO is set to be listed on BSE and NSE, with a tentative listing date of February 17, 2025.
The IPO price band is fixed between ₹599 and ₹629 per share. Retail investors must apply for a minimum lot size of 23 shares, requiring an investment of ₹14,467. The minimum lot size for sNII investors is 14 lots (322 shares), amounting to ₹2,02,538, while bNII investors must apply for at least 70 lots (1,610 shares), requiring ₹10,12,690.
For detailed insights, real-time updates on IPO GMP, and information on IPO subscription status and IPO allotment, investors can refer to trusted sources like IPO Watch, IPO allotment BSE, or the Ajax Engineering IPO Red Herring Prospectus (RHP). Staying informed on these key aspects is essential for making well-informed investment decisions in this IPO.
| IPO Date | February 10, 2025 to February 12, 2025 |
| Listing Date | February 17 |
| Face Value | ₹1 per share |
| Price Band | ₹599 to ₹629 per share |
| Lot Size | 23 Shares |
| Total Issue Size | 2,01,80,446 shares (aggregating up to ₹1,269.35 Cr) |
| Offer for Sale | 2,01,80,446 shares of ₹1 (aggregating up to ₹1,269.35 Cr) |
| Employee Discount | 59.00 |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 11,44,06,800 shares |
| IPO Open Date | Monday, February 10, 2025 |
| IPO Close Date | Wednesday, February 12, 2025 |
| Basis of Allotment | Thursday, February 13, 2025 |
| Initiation of Refunds | Friday, February 14, 2025 |
| Credit of Shares to Demat | Friday, February 14, 2025 |
| Listing Date | Monday, February 17, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 12, 2025 |
| Application | Lots | 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 | 1,587 | ₹9,98,223 |
| B-HNI (Min) | 70 | 1,610 | ₹10,12,690 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Offer |
| Retail Shares Offered | Not less than 35% of the Net Offer |
| NII (HNI) Shares Offered | Not more than 15% of the Net Offer |
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 1,236.14 | 966.73 | 735.31 |
| Revenue | 1,780.07 | 1,172.57 | 771.85 |
| Profit After Tax | 225.15 | 135.9 | 66.21 |
| Net Worth | 917.96 | 713.8 | 578.27 |
| Reserves and Surplus | 906.52 | 702.36 | 575.41 |
| Total Borrowing | 6.23 | 10.14 | 7.16 |
Maximizing Opportunities with Ajax Engineering Limited IPO
Ajax Engineering Limited's IPO presents an opportunity for investors to participate in a ₹1,269.35 crore book-built issue through an offer for sale of 2.02 crore shares. With a price band of ₹599 to ₹629 per share and listing on BSE and NSE, the IPO has generated significant market interest.
Investors should stay updated on IPO GMP, subscription status, and allotment details through reliable sources like IPO Watch, BSE, and the Red Herring Prospectus (RHP). Careful evaluation of financials, market trends, and demand will be crucial for making informed investment decisions.
