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Ajax Engineering IPO

  • Status: Closed
  • RHP:
  • ₹ 13,777 / 23 shares

    Minimum Investment

IPO Listing Details

  • Listing Date

    17 Feb 2025

  • Listing Price

    ₹593.00

  • Listing Change

    -5.72%

  • Last Traded Price

    ₹596.95

IPO Details

  • Open Date

    10 Feb 2025

  • Close Date

    12 Feb 2025

  • Listing Date

    17 Feb 2025

  • IPO Price Range

    ₹ 599 to ₹629

  • IPO Size

    ₹ 1269.35 Cr

  • Listing Exchange

    BSE, NSE

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Timeline Subscription Status Financials SWOT FAQ Contacts

IPO Timeline

Ajax Engineering IPO Subscription Status

Last Updated: 10 March 2025 4:57 PM by 5Paisa

Ajax Engineering Limited manufactures a variety of concrete equipment and services. By September 30, 2024, it developed 141 equipment variants, sold 29,800+ units in India, and built four facilities in Karnataka. With 51 dealerships across 23 states and 25 global distributors, it serves 15,700+ customers. Its strengths include innovation, a strong dealer network, and experienced leadership.

Established in: 1992
MD & CEO: Mr. Subhabrata Saha


Peers
Action Construction Equipment Ltd
BEML Ltd
Escorts Kubota Ltd
 

Objectives

The company will not earn any funds from this offer. The selling shareholders will receive their respective shares of the sale proceeds after subtracting their portion of related expenses and applicable taxes.

Ajax Engineering IPO Size

Types Size
Total IPO Size ₹1,269.35 Cr.
Offer For Sale ₹1,269.35 Cr.
Fresh Issue -

 

Ajax Engineering IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 23 13,777
Retail (Max) 13 299 179,101
S-HNI (Min) 14 322 192,878
S-HNI (Max) 69 1,587 950,613
B-HNI (Min) 70 1,610 964,390

 

Ajax Engineering IPO Reservation

Investors Category Subscription (times) Shares Offered Shares bid for Total Amount (Cr.)*
QIB 13.04 40,20,300 5,24,30,915 3,297.905
NII (HNI) 6.46     30,15,225 1,94,82,058 1,225.421
Retail 1.94 70,35,525 1,36,42,588 858.119
Employees 2.62 78,947 2,06,816 13.009
Total** 6.06 1,41,49,997 8,57,62,377 5,394.454

 

*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.

 

Ajax Engineering IPO Anchor Allocation

Anchor Bid Date 7 February, 2025
Shares Offered 60,30,449
Anchor portion Size (In ₹ Cr.) 379.32
Anchor lock-in period end date for 50% shares (30 Days) 15 March, 2025
Anchor lock-in period end date for remaining shares (90 Days) 14 May, 2025

 

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY22 FY23 FY24
Revenue 771.85 1,172.57 1,780.07
EBITDA 90.48 170.74 275.55
PAT 66.21 135.91 225.15
Particulars (in Rs. Crores) FY22 FY23 FY24
Total Assets 735.31 966.73 1,236.14
Share Capital 2.86 11.44 11.44
Total Borrowings 7.16 10.14 6.23
Particulars (in Rs. Crores) FY22 FY23 FY24
Net Cash Generated From / (used in) operating activities 84.72 184.70 207.47
Net Cash Generated From / (used in) investing activities -128.54 -193.19 -115.58
Net Cash Generated From / (used in) financing activities -0.40 -0.34 -25.46
Net Increase (Decrease) In Cash And Cash Equivalents -44.22 -8.82 66.44


Strengths

1. Market leader in the fast-growing self-loading concrete mixer (SLCM) segment.
2. Comprehensive product range covering the entire concrete application value chain.
3. Strong in-house design, development, and engineering capabilities.
4. Large dealership network with extensive distribution and service reach.
5. Experienced management team with skilled personnel and industry expertise.
 

Risks

1. High dependence on the Indian market for revenue.
2. Limited global presence compared to larger multinational competitors.
3. Vulnerable to raw material price fluctuations affecting production costs.
4. Capital-intensive business with high manufacturing and R&D costs.
5. Exposure to cyclical demand in the construction and infrastructure sectors.
 

Will You Apply for Ajax Engineering IPO?

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FAQs

Ajax Engineering IPO opens from 10 February 2025 to 12 February 2025.

The size of Ajax Engineering IPO is ₹1,269.35 Cr.
 

The price of Ajax Engineering IPO is fixed at ₹599 to ₹629 per share. 
 

To apply for Ajax Engineering IPO, follow the steps given below:

●    Login to your 5paisa account and select the issue in the current IPO section    
●    Enter the number of lots and the price at which you wish to apply for the Ajax Engineering  IPO.    
●    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.    

You will receive a mandate notification to block funds in your UPI app.
 

The minimum lot size of Ajax Engineering IPO is 23 shares and the investment required is ₹13,777.
 

The share allotment date of Ajax Engineering IPO is 13 February 2025
 

The Ajax Engineering IPO will be listed on 17 February 2025.
 

ICICI Securities Ltd, Citigroup Global Markets India Pvt Ltd, Jm Financial Ltd, Nuvama Wealth Management Ltd, SBI Capital Markets Ltd are the book running lead managers for Ajax Engineering IPO.
 

The company will not earn any funds from this offer. The selling shareholders will receive their respective shares of the sale proceeds after subtracting their portion of related expenses and applicable taxes.