Ajax Engineering IPO Review: Apply or Avoid?

Ajax Engineering IPO is all set to open for bidding on 10th February 2025. It is a book-built issue consisting of an offer for sale of 2,01,80,446 shares worth Rs 1,269.35 crore. The issue is going to be listed on BSE and NSE on its tentative listing date, 17th February 2025. 

Ajax Engineering IPO

Ajax Engineering IPO date is fixed between 10th February 2025 to 12th February 2025. The face value of Ajax Engineering Limited shares stands at Rs 1 per share, and the IPO price band is set at Rs 599 to Rs 629 per share. 

Link Intime India Private Limited is the registrar of Ajax Engineering IPO, awaiting to manage allotment and refund procedures. On the other hand, ICICI Securities Limited, Citigroup Global Markets India Private Limited, JM Financial Limited, SBI Capital Markets Limited, and Nuvama Wealth Management Limited are the book-running lead managers of this IPO. 

Download Ajax Engineering IPO RHP and check out the further IPO details in the table below. 

Ajax Engineering IPO GMP, Issue Size, Price, and Offer Details

Ajax Engineering IPO is a book-built issue of 2,01,80,446 shares worth Rs 1,269.35 crore in offer for sale. Ajax Engineering Limited shares will likely be listed on BSE and NSE. Moreover, the Securities Exchange Board of India (SEBI) has provided share reservation criteria for different investors. 

Note: QIB (Qualified Institutional Buyers), NII (Non-Institutional Investors), sNII (Small Non-Institutional Investors), bNII (Big Non-Institutional Investors). 

Ajax Engineering IPO GMP Grey Market Premium

If you want to check real-time updates on Ajax Engineering IPO GMP, you’ve reached the right place. It is essential to note that GMP is the difference between the fixed price band and the price at which company shares are trading in the grey market. 

Furthermore, GMP is subject to change on the basis of market trends and sentiments. You should check the live GMP before applying for Ajax Engineering IPO. Explore the GMP data below for real-time Ajax Engineering IPO GMP data.

*Data is updated as of 7th February 2025.

As of now, on 7th February 2025, Ajax Engineering IPO GMP stands at Rs 57 per share, which means the share will likely be listed at Rs 686 (629+57) on its tentative listing date, 17th February 2025. 

Ajax Engineering IPO Review

Look at the detailed review of Ajax Engineering IPO for a deep and pervasive understanding of its potential to report listing gains on 17th February 2025. The IPO review provided below will also help you invest impeccably so as to avoid significant losses. Explore more to make informed investment decisions. 

Financial Health

The company’s financial performance could highlight its ability to compete and sustain the competitive landscape. Thus, it is important to know the financial growth and declines of the business before applying for any IPO.

During FY2023-24, the revenue of Ajax Engineering Limited stood at Rs 1,172.57 crore, which increased by 51.80% to Rs 1,780.07 crore. On the other hand, the PAT of the company was raised by 65.67% from Rs 135.90 crore to Rs 225.15 crore.

Ajax Engineering Limited has shown consistent growth in its revenue, which indicates that the company is financially healthy. Thus, brokers and investors are expecting higher returns from Ajax Engineering IPO on its tentative listing day, which is 17th February 2025.  

Technical Analysis

Numerous technical indicators are available to assess the stock’s potential to deliver returns. To assess the technical side of Ajax Engineering IPO, use the technical parameters mentioned below.

*Data is updated as of 7th February 2025. 

The PE ratio of Ajax Engineering Limited shares is 31.96, and its Earnings Per Share stands at 19.68. It showcases that the Ajax Engineering IPO has a high potential for short-term and long-term returns. 

Ajax Engineering Limited Peer Comparison

*Data is updated as of 7th February 2025. 

Note: The data as mentioned above is taken from authentic sources and highlights pre-issue information. PE ratio and EPS of Ajax Engineering Limited are subject to change after the IPO. Explore the table below to get post-issue updates on these two metrics. 

*Data is updated as of 7th February 2025. 

Ajax Engineering IPO Subscription Status

Ajax Engineering IPO is set to open for bidding on 10th February 2025. The subscription status for this IPO is yet to be announced. Stay informed on this page to check the live subscription status of the IPO. 

*Data is updated as of 7th February 2025.

About Ajax Engineering Limited

Ajax Engineering Limited was incorporated in 1992 and is engaged in manufacturing different equipment. With 51+ dealerships across 23 states in India, AEL is recognised as one of the fastest-growing companies in the SLCM market. The company is operating with 85+ employees, including coordinators, managers, specialists, and a customer support team. 

Ajax Engineering Limited has a vast dealer network and widespread distribution channel to serve millions of customers across the globe. The product portfolio of AEL includes batching plants, boom pumps, concrete pumps, slip-form pavers, 3D concrete printers, and self-loading concrete mixers. 

Ajax Engineering Limited Financials

Before applying for Ajax Engineering IPO, the company’s financial assessment is essential. Have a look at the table to learn about Ajax Engineering Limited financials. 

*Data is updated as of 7th February 2025. 

Explanation

Ajax Engineering Limited has shown a growth of 51.80% in its revenue, estimated at Rs 1,172.57 crore in March 2023 and Rs 1,780.07 crore in March 2024. Moreover, the PAT of the company was raised by 65.67% from Rs 135.90 crore to Rs 225.15 crore. 

Ajax Engineering IPO Bidding Requirements

Ajax Engineering IPO has reserved lot sizes to apply in the case of different investors. Look at the table below to know about the requirements to be fulfilled for applying for this IPO. 

Aim of Ajax Engineering IPO

The primary aim of Ajax Engineering IPO is to raise Rs 1,269.35 crores. However, the company will not receive any proceeds from this issue. Shareholders will receive the whole amount against their proportion of proceeds. 

Should I Invest in Ajax Engineering IPO?

“Ajax Engineering Limited is the leading machinery company for infrastructure development across diverse regions. The company has posted 75%+ in the SLCM market share and can enjoy the virtual monopoly-like situation.” ~ Dilip Davda (Chief Editor at Chittorgarh)

If you want to know whether you should apply for Ajax Engineering IPO, you can explore its pros and cons in the section below. 

Pros of Ajax Engineering IPO

• Virtual Monopoly 
• Huge Customer Base
• Diversified Product Portfolio
• Fastest Growing in the SLCM Market

Cons of Ajax Engineering IPO

• High Import Cost
• Regional Challenges

How to Apply for Ajax Engineering IPO?

Follow the steps below to apply for Ajax Engineering IPO. 

• Step 1: Conduct thorough research on Ajax Engineering IPO GMP, subscription status, issue size, lot size, and more. 
• Step 2: Open a demat account on Univest to know about the real-time insights. You can also use your previous demat account by navigating to the IPO section. 
• Step 3: Place a bid for one lot of 23 shares worth Rs 14,467 of Ajax Engineering IPO.   
• Step 4: Once you’re done with the bidding, you will receive a mandate request. Approve the mandate request to apply successfully.    

How to Check Ajax Engineering IPO Allotment Status?

You can check for Ajax Engineering IPO allotment in different ways. These include BSE’s website and the registrar portal. Follow the below steps to learn about your allotment status.

Check On BSE 

• Visit the BSE official website. 
• Select Equity as the issue type. 
• Choose Ajax Engineering IPO.  
• Choose whether to proceed with the PAN number or application number.
• Submit your information to check the allotment status online. 

Check On the Registrar Portal

• Visit the registrar portal. 
• Click on the allotment option.
• Fill in the required details.
• Click on the submit button to know your Ajax Engineering IPO allotment status.

Let’s Wrap

Ajax Engineering IPO is the book-built issue of 2,01,80,446 shares worth Rs 1,269.35 crores. The shares will be listed on BSE and NSE on the tentative listing date of 17th February 2025. Investors and brokers have a positive outlook for this IPO and highlighted its pros as a virtual monopoly, consistent growth in revenue, etc. However, the issue also consists of challenges like high import costs and regional risks. Researching Ajax Engineering IPO GMP and reviews are highly recommended to book your ideal listing gains. 

Open a demat account on Univest now to initiate your investment journey. Explore the Univest terms and conditions by clicking on the link. 

FAQs on Ajax Engineering IPO

1. How is Ajax Engineering IPO?

Ans. Currently, on 7th February 2025, Ajax Engineering IPO GMP (Grey Market Premium) stands at Rs 57 (9.06% up). It indicates that the estimated listing price could be Rs 629 per share. It is an offer for sale of 2,01,80,446 shares worth Rs 1,269.35 crore. The IPO price band is fixed at Rs 599 to Rs 629 per share, and the face value of each share is Rs 1. 

2. What is Ajax Engineering IPO price?

Ans. Ajax Engineering IPO price band has been set between Rs 599 and Rs 629 per share. Retail investors can apply for a minimum and maximum of 1 lot consisting of 23 shares worth Rs 14,467. Moreover, NIIs are required to bid for a minimum of 14 lots (322 shares) worth Rs 2,02,538. 

3. Is Ajax Engineering IPO good?

Ans. During FY2023-24, the revenue of Ajax Engineering Limited was increased by 51.80% to reach Rs 1,780.07 crore. On the other hand, the PAT of the company was raised by 65.67% from Rs 135.90 crore to Rs 225.15 crore. Ajax Engineering IPO has gained a positive rating from industry experts, brokers and institutional investors.

4. Who is the registrar of Ajax Engineering IPO?

Ans. Link Intime India Private Limited is the registrar of Ajax Engineering IPO and awaits to manage the IPO allotment and refund initiation process. For any query regarding Ajax Engineering IPO allotment and refund, you can contact Link Intime India Private Limited through ipo.helpdesk@linkintime.co.in or +91-22-49186270. 

5. What is the issue size of Ajax Engineering IPO? 

Ans. Ajax Engineering IPO is the book-built issue for 2,01,80,446 shares worth Rs 1,269.35 crore. It is entirely an offer for sale and is set to open on 10th February 2025 and will be closed on 12th February 2025. 

Disclaimer: The above information is accumulated from authentic sources and is just for informational purposes. To have detailed information about Ajax Engineering IPO, download the Ajax Engineering IPO RHP and Ajax Engineering IPO DRHP. Conduct your own research before investing in IPOs to avoid significant losses. You can also consult your financial advisor.

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