Ajax Engineering Limited
Bookbuilding IPO · NSE, BSE
- Price band
- ₹599 - ₹629
- Lot size
- 23 shares
- Issue amount
- ₹1,269.35 cr
- Total subscription
- 6.45×
- Opens
- 10 Feb 2025
- Closes
- 12 Feb 2025
- Allotment
- 13 Feb 2025
- Listing
- 17 Feb 2025
Offer at a glance
Issue overview
- Issue size
- 2,01,80,446 shares
- Face value
- ₹1 per share
- Minimum investment
- ₹13,777
- Fresh issue
- ₹0 cr
- Offer for sale
- ₹1,269.35 cr
- Registrar
- Link Intime India Private Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹14,467
- Issue type
- Bookbuilding IPO
- Shares before issue
- 11,44,06,800
- Shares after issue
- 0
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail | 1 | 23 | ₹14,467 |
| sHNI | 14 | 322 | ₹2,02,538 |
| bHNI | 70 | 1,610 | ₹10,12,690 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| RETAIL | 3,05,892 | 2,50,715 |
| HNIs(10L +) | 6,243 | 7,474 |
| HNIs (2-10L) | 3,121 | 10,924 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 252.88 | 3,644.8 |
| RETAIL | 442.53 | 853.16 |
| HNIs 2+ | 63.22 | 230.51 |
| HNIs 10+ | 126.44 | 995.74 |
| EMPLOYEES | 4.97 | 13.02 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Sep-24 | Mar-24 | Mar-23 |
|---|---|---|---|
| EPS | 8.79 | 19.58 | 11.88 |
| ROE | 10.14 | 24.53 | 19.04 |
| ROCE | 13.84 | 32.82 | 25.31 |
| RONW | 8.15 | 19.39 | 14.2 |
| PRE IPO(PE) | 0 | 31.96 | 0 |
| POST IPO (PE) | 0 | 31.96 | 31.96 |
Values and labels as reported in the issue data.
Company information
Company profile
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.
Strengths
- 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.
Risk factors
- 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.
Promoters
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
Registrar & documents
Lead manager
ICICI Securities Limited, Citigroup Global Markets India Private Limited, Jm Financial Limited, Nuvama Wealth Management Limited, SBI Capital Markets Limited
Registrar & contacts
Link Intime India Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
253/1, 11th Main Road 3 rd Phase, Peenya Industrial Area Bengaluru 560058
+91 82 96336111
[email protected]Company website ↗Understanding AJAXENGG IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.