Ajax Engineering IPO GMP Price Date Details
Judging by industry standards the Ajax Engineering Pvt Ltd IPO ranks among the top potential public offerings in the construction equipment market. The strong financial position of Ajax Engineering Pvt Ltd combined with its market leadership position and constant growth makes the company IPO appealing to numerous investors. Potential IPO investors need detailed information about the Ajax Engineering IPO GMP together with price band data and listing schedule and essential details.
About Ajax Engineering Pvt Ltd
Ajax Engineering Pvt Ltd established its beginnings as a construction equipment manufacturer in 1992 with a focus on self-loading concrete mixers (SLCMs) and additional product range including batching plants and transit mixers and pumps and slip-form pavers. With its headquarters located in Bengaluru India the company achieved considerable growth the past few years while currently controlling 77% of the SLCM market. Due to its innovative approach and efficiency in operations Ajax Engineering Pvt Ltd serves as the preferred construction equipment supplier for Indian and international firms.
Ajax Engineering IPO Pvt Ltd Details
Current plans for the Ajax Engineering IPO call for generating ₹1,269 crore from the 2.01 crore share Offer for Sale (OFS). All IPO funds will flow to the current shareholders because this offering consists entirely of present shareholder sales.
Key Details of the Ajax Engineering IPO :
IPO Opening Date: February 10, 2025
IPO Closing Date: February 12, 2025
Price Band: ₹599 – ₹629 per share
Lot Size: The IPO will consist of 23 shares which constitute one lot.
Entire Issue Size: Offer For Sale portion of ₹1,269 crore comprises the Total Issue Size.
Face Value: ₹2 per equity share
Listing Exchanges: BSE & NSE
Promoter Holding (Pre-IPO): 100%
The shareholding percentages of Promoters will decrease after the IPO occurs appropriately.
Ajax Engineering Pvt Ltd IPO Complete Details
IPO Date | February 10, 2025 to February 12, 2025 |
Listing Date | Monday, February 17, 2025 |
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 |
Issue Type | Book Built Issue IPO |
Listing At | BSE, NSE |
Shareholding Pre Issue | 11,44,06,800 shares |
Shareholding Post Issue | 11,44,06,800 shares |
Ajax Engineering IPO Key Dates
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 |
Ajax Engineering Pvt Ltd IPO Lot Allotment
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 | ₹10,12,69 |
Ajax Engineering IPO GMP (Grey Market Premium)
Investors use Grey Market Premium (GMP) as one of the essential criteria while selecting IPO applications. The projected listing gains and investor sentiment in the market can be found in Ajax Engineering IPO GMP.
Current market trends show that Ajax Engineering IPO GMP sits between ₹150-₹170 for each share. Investor demand for this IPO is high which results in its higher value on the grey market. The unofficial value of GMP stands as an inadequate investment selection factor because it lacks official authority.
Financial Performance of Ajax Engineering Pvt Ltd
Ajax Engineering Pvt Ltd performs with solid financial growth throughout each year. Below are key financial highlights:
The company achieved remarkable financial growth through its revenue increasing from ₹1,151.13 crore in FY23 to ₹1,741.4 crore in FY24 which resulted in over 50% revenue expansion.
The company recorded a Profit After Tax (PAT) amount of ₹225.15 crore during FY24 which surpassed the previous year’s PAT of ₹135.9 crore.
The company preserved stable EBITDA margin numbers which show good operational effectiveness combined with cost management excellence.
Ajax Engineering functions at a point of financial stability because its debt-to-equity ratio stays low.
Reasons to Invest in Ajax Engineering IPO
- The SLCM Segment of the Market Receives Leadership Status
Ajax Engineering Pvt Ltd controls 77% of the self-loading concrete mixer (SLCM) industry market share to become the segment leader. Because of its dominant position in this particular market segment the company experiences reliable revenue expansion.
- Robust Financials and Profitability
Ajax Engineering Pvt Ltd stands out as an attractive investment choice because it shows financial robustness through persistent profitability together with steady EBITDA margin and rising income numbers.
- Expanding Manufacturing Capabilities
Four manufacturing plants currently exist under Ajax Engineering while the company plans to inaugurate another facility during 2025. The company expands its operations to enhance manufacturing capabilities to fulfill increasing product demands.
- Strong Order Book and Demand
The strong ordering positions at Ajax Engineering provide the company with predictable revenue projections for future years. As India carries on its infrastructure growth the need for construction equipment will elevate accordingly.
- Positive Grey Market Sentiment (GMP)
The positive indicator for Ajax Engineering IPO GMP signals that market investors strongly desire this stock which could lead to achieving listing gains. Investors need to perform extensive research prior to investment decision-making.
Risks Associated with Ajax Engineering IPO
- Dependence on the Construction Industry
The company generates its revenue based on the expansion pattern of the construction industry. Slowing infrastructure development will directly impact how the firm grows.
- Competition from Global and Domestic Players
Ajax Engineering Pvt Ltd maintains a substantial position in the market but faces competitive pressure from both domestic and international equipment producers which might reduce its profit margins.
- Stock Market Volatility
Stock market conditions during the time of an IPO listing can affect the overall price gains for shareholders. After the listing appears the stock price becomes unstable due to market movements.
Subscription and Allotment Process
Various brokerage platforms provide investors with access to subscribe for the Ajax Engineering IPO. Ajax Engineering will determine allotments by assessing application volumes combined with different investor category demands.
The offering allocates 35% of its total size to retail investors who participate in the subscription.
The allotted portion for Qualified Institutional Buyers consists of 50% of the available issue.
The total 15% distribution of the issue goes to Non-Institutional Investors (NIIs) who focus on high-net-worth individuals (HNIs).
How to Apply for Ajax Engineering IPO ?
The following guide details the application process for Ajax Engineering IPO.
Traditional Brokerage Platforms include Zerodha, Groww, Upstox and Angel One which you should select.
Verify your suitability for the process by having both a demat account and trading account.
Access the IPO section through your broker’s mobile application or website and log in to your account.
You must pick the Ajax Engineering Pvt Ltd IPO from the available options and specify how many shares you want to apply for.
Submit a bid for Ajax Engineering Pvt Ltd IPO at prices between ₹599 and ₹629.
You must now confirm then submit your IPO application.
After the IPO period ends there will be an announcement of the allotted shares.
Expected Listing Date and Performance
The IPO of Ajax Engineering seeks its listing on February 20, 2025 at both NSE and BSE. The Ajax Engineering IPO GMP shows that market analysts expect the upcoming shares to be priced at between ₹750-₹800 with a potential listing gain of 20-25%. Stock market performance on the listing day will establish the absolute final price.
Conclusion
Investors should consider Ajax Engineering Pvt Ltd IPO an attractive investment because the company commands leadership in construction equipment while boasting solid finances and facing optimistic market sentiment. The high value for Ajax Engineering IPO GMP signals strong market interest however investors need to evaluate all potential risks carefully.
The potential investors who seek businesses with reliable fundamentals along with growth potential should seriously evaluate the Ajax Engineering Pvt Ltd IPO as an investment option. Investors should research and seek financial advisor advice prior to making any IPO investment decision.
Also Read : best mid cap stocks for 2025 in india
FAQ'S
What are the key dates for the Ajax Engineering IPO ?
IPO Opening Date: February 10, 2025
IPO Closing Date: February 12, 2025
Listing Date (Tentative): February 17, 2025
What is the price band for the Ajax Engineering IPO ?
The price band for the Ajax Engineering IPO is set between ₹599 and ₹629 per equity share.
What is the Grey Market Premium (GMP) for the Ajax Engineering IPO ?
As of now, the Grey Market Premium (GMP) for the Ajax Engineering IPO is approximately ₹52 per share, indicating moderate demand in the unofficial market. Please note that GMP figures are subject to change and should be interpreted cautiously.
What is the issue size of the Ajax Engineering IPO ?
The IPO is entirely an offer-for-sale, with Kedaara Capital selling 74.37 lakh shares, aggregating to ₹1,269 crore.
How can I apply for the Ajax Engineering IPO ?
Investors can apply for the IPO through their trading accounts using the Application Supported by Blocked Amount (ASBA) process via online banking or UPI-based applications on platforms like Zerodha, Upstox, Groww, and other brokerage firms.
