Press ESC to close

Ajax Engineering Limited IPO

  • 4 minutes read
  • 1,073 Views

Ajax Engineering Limited IPO        

IPO Details                                      Status: CLOSED 

Docs  DRHP View                         Subscription :_______  

Bidding Dates  

10 Feb '25 - 12 Feb '25  

Minimum Investment  

₹14,467 / 1 Lot (23 Shares)  

Price Range  

₹599- ₹629  

Listing Gain  

₹_____  

Fresh Issue                Offer for Sale      

000.00 Cr                        1269.35 Cr  

Issue Size  

₹1269.35 Cr  

Face Value  

₹ 01  

GMP  

40  _6%  

Listing AT  

NSE,BSE  

Ajax Engineering Limited IPO Timeline  

IPO Opening Date    

Feb 10, 2025  

IPO Closing Date    

Feb 12, 2025  

Basis of Allotment    

Feb 13, 2025  

Initiation of Refunds    

Feb 14, 2025  

IPO Listing Date    

Feb 17, 2025  

Ajax Engineering Limited Subscription Details  

Date  

QIB  

NII  

EMP

Retail  

Total  

10-02-20250.260.280.540.290.28
11-02-20250.330.601.180.520.49
12-02-20253.732.022.110.741.87

Ajax Engineering Limited IPO Reservation  

Investor Category  

Shares Offered  

QIB Shares    

50%  

Retail Shares    

35%  

NII (HNI) Shares    

15%  

Ajax Engineering Limited Financial Information  

Period Ended  

30-09-2024

31-03-2024   

31-03-2023   

31-03-2022   

Assets1348.761236.14966.73735.31
Revenue794.161780.071172.75771.85
Profit After Tax101.02225.15135.9066.21

About Ajax Engineering Limited  

On July 3, 1992, the Bengaluru-based Ajax Engineering was established as "Ajax Fiori Engineering (India) Private Limited."  

It has sold more than 27,800 pieces of concrete equipment in India since partnering with the firm. Ajax has a trustworthy dealer network that spans the whole nation, including Bhutan and Nepal. In Adinarayanahosahalli, the business is building a manufacturing facility that should be completed in 2025.  

 

In FY 2024, Ajax Engineering made 1,741 crores, for a total income of 17,800.74. The company also has 9,690.48 million in total current assets and 2,670.94 million in total non-current assets. Additionally, in FY 2024, total equity and liabilities are 12,361.42.   

 

Ajax Engineering Limited IPO Objectives   

The offer's proceeds will not be given to the company. Following the deduction of their respective share of offer-related costs and applicable taxes, each selling shareholder will be entitled to their share of the offer's proceeds.    
 

Ajax Engineering Limited IPO: Strengths  

  1. largest producers of self-loading concrete mixers, accounting for 75% of the market in fiscal year 2024.  

  2. A top manufacturer of concrete equipment with a wide range of products.  

  3. Strong internal engineering, development, and design skills.  

  4. Technology-led production, R&D, and a strong supplier network.  

  5. Extensive distribution network and a sizable dealer network.  

  6. Knowledgeable management group.  

Ajax Engineering Limited IPO: Risks  

  1. Vulnerability to Abatement in SLCM Sellers: Since SLCM accounts for a sizable portion of Ajax Engineering's sales, the company is vulnerable to changes in the demand for concrete equipment sold in India. If the SLCM market has a downturn, this reliance may negatively impact the company's finances.  

  2. Seasonality and Cycle: The need for infrastructure spending and general economic conditions have an impact on Ajax Engineering's revenues, which are both seasonal and cyclical. Therefore, this unpredictability hinders your capacity to forecast sales and provide more reliable financial results.  

  3. Operational Geographic Contiguity: Because Ajax Engineering has all of its manufacturing facilities in Karnataka, the business is vulnerable to concentration risks such as natural catastrophes, interruptions brought on by limited infrastructure, or changes in state laws. 6. Production could be severely disrupted and the company's operations could be harmed by a disaster or other significant event that significantly affects Karnataka.       

How To Apply for Ajax Engineering Limited   IPO Online?  

  1. Click and Login to Your Angel One Account   : Open the Angel One app or website and log in with your credentials.  

  2. Locate the IPO Section: Navigate to the 'IPO' section on the platform.  

  3. Select IPO: Find and select the Laxmi Dental IPO from the list of open IPOs.  

  4. Enter the Lot Size: Specify the number of lots you want to bid for.  

  5. Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.  

  6. Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.  

Important Link          
Ajax Engineering Limited allotment link  

John Smith

Miss, this here ought to be.

Leave a comment

Your email address will not be published. Required fields are marked *