Ajax Engineering IPO GMP, Price, Date, Allotment

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Ajax Engineering IPO GMP

Ajax Engineering IPO Description – Ajax Engineering is a prominent manufacturer of concrete equipment in India, offering a wide range of solutions across the concrete application value chain. Established 32 years ago, the company has developed a diverse product portfolio, including self-loading concrete mixers (SLCMs), batching plants, transit mixers, boom pumps, slip-form pavers, and 3D concrete printers. As of 31 March 2024, Ajax Engineering has introduced over 110 equipment variants and sold over 27,800 units within the country, underscoring its market leadership.

Ajax Engineering holds a dominant position in the SLCM market in India, with a market share of 75%, 77%, and 86% for the Financial Years 2024, 2023, and 2022, respectively. Notably, 12% of the concrete produced in India in FY2024 was processed through its SLCMs. The company’s SLCM sales experienced a compound annual growth rate (CAGR) of 58.36% between FY2022 and FY2024. Additionally, its non-SLCM portfolio, which includes batching plants, transit mixers, and boom pumps, recorded a CAGR of 24.42% during the same period.

With four state-of-the-art manufacturing facilities in Karnataka, including one of the world’s largest SLCM facilities by area, Ajax Engineering is well-equipped to meet increasing demand. The company’s robust dealer network spans 23 states with 114 touchpoints, ensuring seamless service and support. By 31 March 2024, Ajax Engineering had sold equipment and spare parts to over 15,700 customers.

Ajax Engineering IPO Subscription Status

Promoters of Ajax Engineering – 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, and The Johns Loaves Trust


Ajax Engineering IPO Details

Ajax Engineering IPO Dates10 – 12 February 2025
Ajax Engineering Issue PriceINR 599 – 629 per share
Employee Discount – INR 59 per share
Fresh issueNil
Offer For Sale2,01,80,446 shares (INR 1,208.81 – 1,269.35 crore)
Total IPO size2,01,80,446 shares (INR 1,208.81 – 1,269.35 crore)
Minimum bid (lot size)23 shares (INR 14,467)
Face Value INR 1 per share
Retail Allocation35%
Listing OnNSE, BSE

Ajax Engineering Financial Performance

 FY 2022FY 2023FY 2024H1 FY 2025
Revenue763.291,151.131,741.40769.99
Expenses681.43989.621,478.16657.03
Net income66.21135.90225.15101.24
Margin (%)8.6711.8112.9313.15
Figures in INR Crores unless specified otherwise

Ajax Engineering Offer News


Ajax Engineering Valuations & Margins

FY 2022FY 2023FY 2024
(Pre Issue)
FY 2025
(Post-Issue)*
EPS5.7911.8819.5817.58
PE Ratio30.59 – 32.1234.07 – 35.78
* Calculated on the basis of annualized Profits After Tax for FY 2025
FY 2022FY 2023FY 2024
RONW (%)8.0614.2019.39
NAV50.5562.3980.24
ROCE (%)15.5225.3132.82
EBITDA (%)11.8514.8315.82
Debt/Equity0.010.020.01
*Compiled by IPO Central from Prospectus

Ajax Engineering IPO GMP Today (Daily Trend)

DateDay-wise IPO GMPKostakSubject to Sauda
10 February 202550850
8 February 202545750
7 February 202555850
6 February 202550400

Ajax Engineering – Comparison With Listed Peers

CompanyPE ratioEPSRONW (%)NAVRevenue (Cr.)
Ajax Engineering32.1219.5819.3980.241,780.07
Action Construction45.3827.5626.65103.422,990.90
BEML Ltd58.0767.6610.56640.554,096.56

Ajax Engineering IPO Allotment Status

Ajax Engineering IPO allotment status will be available on Link Intime’s website. Click on Link Intime IPO weblink to get allotment status.


Ajax Engineering IPO Dates & Listing Performance

IPO Opening Date10 February 2025
IPO Closing Date12 February 2025
Finalization of Basis of Allotment13 February 2025
Initiation of refunds14 February 2025
Transfer of shares to demat accounts14 February 2025
Ajax Engineering IPO Listing Date17 February 2025
Opening Price on NSEComing soon
Closing Price on NSEComing soon

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Ajax Engineering Offer Lead Manager

IIFL SECURITIES LIMITED
24th Floor, One Lodha Place, Senapati Bapat Marg,
Lower Parel (West) Mumbai 400 013 Maharashtra
Phone: +91 22 4646 4728
Email: [email protected]
Website: www.iiflcap.com


Ajax Engineering Offer Registrar

LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone: +91 810 811 4949
Email: [email protected]
Website: www.linkintime.co.in


Ajax Engineering Contact Details

AJAX ENGINEERING LIMITED
253/1, 11th Main Road, 3rd Phase, Peenya
Industrial Area, Bengaluru 560 058, Karnataka, India
Phone: +91 82 9633 6111
Email: [email protected]
Website: www.ajax-engg.com


Ajax Engineering IPO FAQs

How many shares in Ajax Engineering IPO are reserved for HNIs and retail investors?

The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.

How to apply for Ajax Engineering Public Offer?

The best way to apply for Ajax Engineering’s public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.

What is Ajax Engineering IPO GMP today?

Ajax Engineering IPO GMP today is INR 50 per share.

What is the Ajax Engineering kostak rate today?

Ajax Engineering kostak rate today is INR NA per application.

What is Ajax Engineering Subject to Sauda rate today?

Ajax Engineering Subject to Sauda rate today is INR 850 per application.

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