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Ajax Engineering Limited

Founded in July 1992, Ajax Engineering Limited is one of India’s leading manufacturers of concrete equipment, offering a wide range of products and services across the construction value chain. As of March 2024, the company has developed 110 types of concrete equipment and sold over 27,800 units nationwide in the past decade. It operates four modern manufacturing plants in Karnataka, including a key facility at Obadenahalli. Ajax’s strong network includes 51 dealerships across 23 states with 114 touchpoints, along with 25 international dealers in South and Southeast Asia, the Middle East, and Africa. With over 15,700 customers, the company is supported by a skilled workforce, including 76 design and engineering experts and 83 service professionals dedicated to quality and customer satisfaction.

₹599 - ₹6296.45x sub
Listed Price576.00
Listing Gain-8.43%
TimelineBookbuilding IPO
Open10 Feb 2025
Close12 Feb 2025
Allotment13 Feb 2025
Listing17 Feb 2025

Quota Reservation Portions

QIBPortion: 40,20,300 shares
28.41%
HNIPortion: 30,15,225 shares
21.31%
RetailPortion: 70,35,525 shares
49.72%
EmployeePortion: 78,947 shares
0.56%

Minimum Application Bracket Matrix

Retail1 lots / 23 shares
₹14,467
sHNI14 lots / 322 shares
₹2,02,538
bHNI70 lots / 1,610 shares
₹10,12,690

About the Company

Founded in July 1992, Ajax Engineering Limited is one of India’s leading manufacturers of concrete equipment, offering a wide range of products and services across the construction value chain. As of March 2024, the company has developed 110 types of concrete equipment and sold over 27,800 units nationwide in the past decade. It operates four modern manufacturing plants in Karnataka, including a key facility at Obadenahalli. Ajax’s strong network includes 51 dealerships across 23 states with 114 touchpoints, along with 25 international dealers in South and Southeast Asia, the Middle East, and Africa. With over 15,700 customers, the company is supported by a skilled workforce, including 76 design and engineering experts and 83 service professionals dedicated to quality and customer satisfaction.

Company Promoters

Krishnaswamy VijayJacob Jiten JohnKalyani VijayMadhuri VijayPrashanth VijayRachel Rekha HansenSavitha Christeena AlexanderSean AlexanderGreen Haven TrustOhana TrustJacob Hansen Family Trust The Johns Loaves Trust