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Ajax Engineering IPO is a Book Building IPO listing on BSE,NSE exchange, with an ipo size of ₹ 1269.35 Cr. The company is based in Bangalore and caters to Infrastructure sector. Citigroup Global Markets India , ICICI Securities , Jm Financial , Nuvama Wealth Management , SBI Capital Markets are the merchant bankers of Ajax Engineering IPO. It is a MainBoard IPO which filed its Draft Red Herring Prospectus (DRHP) on 30th September 2024.
Ajax Engineering IPO open date is 10th February 2025 and close date is 12th February 2025. IPO Allotment Date is 13th February 2025 and Listing date is 17th February 2025.
IPO
Size:
₹ 1269.35 Cr.
Avg IPO Size (Sector Based)
: ₹
857.26 cr.
Sector: Infrastructure
IPO so far:
43
Merchant Banker:
Citigroup Global
IPO by BRLM so far:
71
City:
Bangalore
IPO so far:
44
Revenue (annualised):
₹
1588.32
cr. 
PE
Ratio:
35.62x
Average Sector PE Ratio: 16.38x
Ajax Engineering IPO size is ₹ 1269.35 Cr. with IPO price of ₹ 629.00. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
Citigroup Global Markets India Private Limited is the book-running lead manager of the Ajax Engineering IPO. Link Intime India Private Limited is the Registrar for Ajax Engineering IPO.
Ajax Engineering IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
Ajax Engineering IPO, based in Bangalore, operates in the Infrastructure sector with a focus on SLCM machinery that are widely used in infra developments. The company is launching its MainBoard IPO on the BSE,NSE exchange, using the Book Building Issue method. Ajax Engineering IPO size is ₹ 1269.35 Cr. with fresh issue size of ₹ [●] and Offer for sale being ₹ 1269.35Cr.
The IPO allotment date for Ajax Engineering IPO is expected to be 13th February 2025, after the finalization of basis of allotment. Investors can check Ajax Engineering IPO allotment status on the registrars website, Link Intime India Private Limited . Ajax Engineering IPO refund dates are 14th February 2025.
Ajax Engineering IPO is expected to be listed on 17th February 2025.
The upper price band for the Ajax Engineering IPO is set at ₹ 629.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.
For IPO analysis on Ajax Engineering IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.
To apply for the Ajax Engineering IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 12th February 2025. After submission, funds are blocked until the basis of allotment of Ajax Engineering IPO is finalised.
The merchant banker for Ajax Engineering IPO is Citigroup Global Markets India Private Limited , ICICI Securities Limited , Jm Financial Limited , Nuvama Wealth Management Limited , SBI Capital Markets Limited . Citigroup Global Markets India Private Limited , ICICI Securities Limited , Jm Financial Limited , Nuvama Wealth Management Limited , SBI Capital Markets Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the Ajax Engineering IPO RHP for further details.
The registrar for Ajax Engineering IPO is Link Intime India Private Limited . Investors can go to Link Intime India Private Limited registrar website for IPO allotment status, refund processing, and other queries related to Ajax Engineering IPO through their official website or helpline.
Ajax Engineering IPO was subscribed 6.06 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
IPO
Size:
₹ 1269.35 Cr.
Avg IPO Size (Sector Based)
:
₹ 857.26 Cr.
Sector: Infrastructure
IPO so far:
43
Merchant Banker:
Citigroup Global
IPO by BRLM so far:
71
City:
Bangalore
IPO so far:
44
Revenue (annualised):
₹ 1,539.96 cr.
PE
Ratio:
35.62x
Average Sector PE Ratio: 16.38x
Ajax Engineering IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Ajax Engineering Financial Review Page
Merchant Banker(s) of Ajax Engineering IPO: Citigroup Global Markets India Private Limited , ICICI Securities Limited , Jm Financial Limited , Nuvama Wealth Management Limited , SBI Capital Markets Limited
Ajax Engineering IPO subscription was 6.06 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
Ajax Engineering IPO listed at a listing price of 576.00 against the offer price of 629.00.
The current market price of Ajax Engineering is 622.75.
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