Ajax Engineering Limited IPO        

IPO Details                                      Status: CLOSED 

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Ajax Engineering Limited IPO Timeline  

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Ajax Engineering Limited Financial Information  

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