Ajax Engineering Limited
IPO Details
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Company Fin.
₹-3(-0.48%)
Premium (ELP)
Having completed its public offering, Ajax Engineering Limited's is now listed and trading on the NSE, BSE exchange as of Feb 17, 2025. The IPO raised cumulative capital of 2,01,80,446 Shares, including TBD in primary capital infusion and ₹1269.35 Cr in secondary market transactions.
The IPO was conducted with a price range of ₹599 to ₹629 and minimum investment requirement of 23 shares. subscription activity between Feb 10, 2025 and Feb 12, 2025 reflected market assessment of the offering's valuation and prospects.
The allotment process finalized on Feb 13, 2025 distributed equity ownership to successful bidders. The listing established a transparent market mechanism for share trading, price discovery, and investor participation in the company's future growth.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
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.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Leading the SLCM Market – Ajax Engineering is a top player in the booming Self-Loading Concrete Mixer (SLCM) market, backed by years of experience and a strong customer base.
- Wide Range of Products & Services – The company provides complete concrete solutions, from equipment to services, ensuring seamless support for customers at every step.
- Innovation & Expertise – With a skilled team of 76 professionals, Ajax Engineering designs and develops its products in-house, ensuring high quality and top performance.
- Top Name in SLCM Market – Ajax Engineering is a trusted leader in the fast-growing Self-Loading Concrete Mixer (SLCM) industry, with years of experience and a loyal customer base.
- Complete Concrete Solutions – From advanced equipment to reliable services, the company offers everything needed for smooth and efficient concrete work.
- Smart Innovation & Skilled Team – With 76 experts designing and developing products in-house, Ajax Engineering ensures top-quality and high-performance solutions.
- Krishnaswamy Vijay
- Jacob Jiten John
- Kalyani Vijay
- Madhuri Vijay
- Prashanth Vijay
- Rachel Rekha Hansen
- Savitha Christeena Alexander
- Sean Alexander
- Green Haven Trust
- Ohana Trust
- Jacob Hansen Family Trust
- The Johns Loaves Trust
Ajax Engineering Limited
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