IPO Trending
AJAXENGGEQ / NSE, BSEListed
Ajax Engineering

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 Price₹576.00
Listing Gain-8.43%

IPO Schedule & Timeline

Bookbuilding IPO
Open10 Feb 2025
Close12 Feb 2025
Allotment13 Feb 2025
Listing17 Feb 2025

Quota Reservation & Application Lots

Quota Reservation (% Shares)

QIB40,20,300 shares
28.41%
HNI30,15,225 shares
21.31%
Retail70,35,525 shares
49.72%
Employee78,947 shares
0.56%

Minimum Application Lots

Retail1 Lot (23 shares)
₹14,467
sHNI14 Lots (322 shares)
₹2,02,538
bHNI70 Lots (1,610 shares)
₹10,12,690

Company Promoters

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

Company Background

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 manufact...

Financial Performance

Figures in ₹ Crores
Metric Breakdown

Revenue

Latest (Sep-24)₹794 Cr
Growth+2.8%
Revenue Trend (₹ in Crores)
0.0682.31.4k2.0kMar-22Mar-23Mar-24Sep-24
PeriodRev (Cr)PAT (Cr)AssetsDebt
Sep-2479410113490
Mar-24178022512366
Mar-23117313696710
Mar-22772667357

Key Performance Indicators (KPIs)

PeriodEPSROEROCEP/E (Pre)P/E (Post)
Sep-248.7910.14%13.84%00
Mar-2419.5824.53%32.82%31.9631.96
Mar-2311.8819.04%25.31%031.96

Broker & Analyst Reviews

Review Not Available

Institutional broker reviews and analyst reports have not been released for this issue yet. Reviews are typically published 2 to 3 days prior to the issue opening date.

IPO Allotment & Registrar Status

Official Registrar: Link Intime India Private Limited

Allotment Finalized
Allotment Date
13 Feb 2025
Official Status
Out / Finalized
Registrar
Link Intime India Private Limited
Listing Date
17 Feb 2025

Official Allotment Verification Links

Official Registrar Portal
Link Intime India Private Limited

Direct allotment verification on the official registrar portal appointed for Ajax Engineering. Check with PAN or Application No.

Check on Registrar Portal
Stock Exchange Portal
BSE India Investor Portal

Official Bombay Stock Exchange investor verification channel using Issue Name and PAN Number.

Check on BSE India

Allotment Schedule & Milestones

IST
1. Allotment Finalization13 Feb 2025Basis of allotment declared
2. Refund Initiation1 day post allotmentUPI / ASBA mandate unblocked
3. Demat CreditPrior to listingShares credited to CDSL/NSDL
4. Listing Date17 Feb 2025Trading commences on exchange

How to Check Ajax Engineering Allotment Online

1Open Portal

Click on the official registrar link or BSE portal button above.

2Select Company

Select Ajax Engineering from the issue drop-down list.

3Enter Details

Select PAN, Application No., or DP Client ID and type your details.

4View Allocation

Click Submit to check your allotted share count and status.

Prospectus & Official Filings

Allotment FAQs & Help

About Ajax Engineering IPO

Complete issue overview for Ajax Engineering (AJAXENGG) IPO. The issue features an equity share price band of ₹599 – ₹629 per share with a minimum retail lot size of 23 Shares (minimum application amount of ₹14,467). Explore live market tracking on our GMP Tracker, compare against All IPO GMP Today, or view category bidding on the Subscription Page. Verify official allotment via IPO Registrars or review participating investment bankers in our Lead Managers Directory.

Frequently Asked Questions