Ajax Engineering IPO

6.35x

subscribed

Ajax Engineering IPO

Engineering - Construction
listed
₹13,777Min. investment
  1. Pre-apply
    7 Feb
  2. Bid start
    10 Feb
  3. Bid end
    12 Feb
  4. Allotment
    13 Feb
  5. Release of funds
    14 Feb
  6. Demat transfer
    14 Feb
  7. Listing
    17 Feb

About Ajax Engineering Limited

SectorEngineering - Construction
Price range₹599 – ₹629
IPO type
Regular
Lot size23 shares
Issue size₹1,269Cr
Red Herring Prospectus
Read
Market Cap
₹7,196.19CrHigher than sector avg
RevenueApr 2023 - Mar 2024
₹1,741.4CrLower than sector avg
Growth rate3Y CAGR
51.04%Higher than sector avg

Checklist

Quality analysis
Revenue growth
Company valuation
Earnings expansion
The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

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Revenue
Higher revenue means strong sales and good market demand
This IPO
₹1,741.4Cr
This sector
₹2,105.4Cr
Compare with companies
3Y growth
Strong 3-year growth shows consistent progress and potential
This IPO
51.04%
This sector
0.03%
Compare with companies
PAT
Higher PAT means strong profitability and efficient cost management
This IPO
₹225.14Cr
This sector
₹89.96Cr
Compare with companies
Market cap
Higher market cap means strong confidence but may suggest overvaluation
This IPO
₹7,196.19Cr
This sector
₹5,079.53Cr
Compare with companies
P/E ratio
Lower ratio usually means stock is undervalued
This IPO
31.96
This sector
23.64
Compare with companies
Ajax Engineering, a leading concrete equipment manufacturer, specializes in slip-form concrete machines (SLCMs), batching plants, and boom pumps for infrastructure projects. Known for in-house innovations like SLCMs with load cell technology and self-propelled boom pumps, it drives R&D through TASC. With 51 dealerships across 23 Indian states and 25 international distributors, it serves contractors, rental firms, and government agencies. Holding 75-77% market share, Ajax outpaced market growth in stationary and boom pumps from FY22 to FY24.

IPO Subscription Status

Date
QIB
NII
Retail
Total
10-Feb-25
0.26 times (X)
0.28 times (X)
0.3 times (X)
0.28 times (X)
11-Feb-25
0.33X
0.6X
0.53X
0.49X
12-Feb-25
14.41X
6.25X
1.79X
6.35X

Latest News on IPO

news logo
Ajax Engineering IPO: The ₹1,269.35 crore initial share sale is exclusively an offer for sale (OFS) of 2.02 crore shares without a fresh issue component.

2 min read

news logo
Ajax Engineering is launching an IPO on February 10 to raise ₹1,269.35 crore. The company will offer shares in the price band of ₹599-629 and a lot size of 23 shares. The company, a market leader in self-loading concrete mixers (SLCM), has strong growth prospects but faces risks tied to its reliance on SLCM sales.

5 min read

news logo
Ajax Engineering IPO is an exclusive offer-for-sale (OFS) of 2.02 crore shares, aggregating to ₹1,269.35 crore. The company has fixed the price band at ₹599 to ₹629 per share for the IPO. The IPO listing date has been tentatively fixed as February 17.

5 min read

news logo
Ajax Engineering IPO, backed by Kedaara Capital, raised ₹1,269.35 crore with a subscription of 6.44 times on the final day. The retail portion was booked 1.92 times, and institutional investors showed strong interest, with the Qualified Institutional Buyers oversubscribed 14.41 times. The IPO share allotment status will be finalised on February 13.

4 min read

Frequently asked questions

How to invest in the IPO?

Investors can apply for the IPO through their Demat account via the stock exchange or through their broker.

What is the issue size of Ajax Engineering IPO ?

The issue size of the Ajax Engineering IPO is 1269 Cr.

What is 'pre-apply' for Ajax Engineering IPO ?

Pre-applying for an IPO allows you to submit your application before the official subscription period begins.

Which exchanges will Ajax Engineering IPO shares list on?

The IPO shares will typically list on major stock exchanges such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), as specified in the IPO prospectus.