| Company Name | Ajax Engineering Limited |
| Open Date | 10-02-2025 |
| Close Date | 12-02-2025 |
| Exchange | BSE, NSE |
| Lot Size | 23 Shares |
| Issue Price | ₹599 to ₹629 per share |
| Issue Size | 2,01,80,446 shares |
| Application Amount | ₹ 14,467 – ₹ 1,88,071 (23 to 299 shares) |
| Recommendation | Apply |
The company was originally incorporated as “Ajax Fiori Engineering (India) Private Limited” on July 03, 1992. The registered office is located at Bengaluru, Karnataka. The company is engaged in the business of manufacturing concrete equipment and related services. The major revenue stream for the company is from sale of SLCMs. The company had 495 permanent employees, 602 contract personnel and 148 apprentices, interns and fixed term contract personnel as of Sep 30, 2024.
| KPI’s | FY 22 | FY 23 | FY 24 | Sep-24 |
| Revenue | 763.29 | 1,151.13 | 1,741.40 | 769.99 |
| EBITDA | 90.48 | 170.74 | 275.55 | 119.24 |
| Net Profit | 66.21 | 135.90 | 225.15 | 101.02 |
| RoCE | 14.08% | 22.44% | 28.54% | 20.78%* |
| ROE | 11.45% | 19.04% | 24.53% | 18.42%* |
| P/E | 108.64 | 52.95 | 32.16 | 35.62* |
| Opening Date | 10/02/2025 |
| Closing Date | 12-02-2025 |
| Basis of Allotment | 13-02-2025 |
| Initiation of Refunds | 14-02-2025 |
| Credit of Shares to Demat | 14-02-2025 |
| Listing Date | 17-02-2025 |
| Since the company has no fresh issue the entire proceeds from the offer will be received by the promoter. |
| Registered Office | Ajax Engineering Limited 253/1, 11th Main Road 3 rd Phase, Peenya Industrial Area Bengaluru 560058 |
| Phone | +91 82 96336111 |
| complianceofficer@ajax-engg.com | |
| Website | https://www.ajax-engg.com/ |
| Ajax Engineering IPO DRHP |
| Ajax Engineering IPO RHP |
| Name | Link Intime India Private Limited |
| Phone | +91-22-4918 6270 |
| ajaxengineering.ipo@linkintime.co.in | |
| Website | https://linkintime.co.in/Initial_Offer/public-issues.html |
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not more than 15% of the Net Issue |
| Share Holding Pre Issue (Promoters) | 93.50% |
| Share Holding Post Issue (Promoters) | 82.36% |