The Ajax Engineering IPO is one of the most anticipated public offerings in 2025. As a leading player in the [industry/sector], Ajax Engineering has garnered significant attention from investors and market analysts alike. In this article, we’ll dive deep into the Ajax Engineering IPO details, including the GMP (Grey Market Premium), IPO dates, price band, and whether this IPO is worth your investment.
Ajax Engineering IPO: Key Highlights
Here’s a quick overview of the Ajax Engineering IPO 2025:
| Detail | Information |
| IPO Size | ₹1269.30 Crore |
| Price Band | ₹599 to ₹629 per share |
| IPO Dates | 10-12 (Feb, 2025) |
| Listing On | BSE, NSE |
| GMP (Grey Market Premium) | ₹52 (as of 10 Feb) |
| Lot Size | 23 shares |
| Retail Quota | 35% of the total issue |
| Lead Managers | ICICI Securities Limited, Citigroup Global Markets India Private Limited, Jm Financial Limited, Nuvama Wealth Management Limited, SBI Capital Markets Limited |
About Ajax Engineering
Ajax Engineering is a Bengaluru-based Ajax Engineering began its journey on July 3, 1992, under the name ‘Ajax Fiori Engineering (India) Private Limited’. The company quickly made its mark by partnering with a leading global manufacturer of concrete equipment. Over the years, Ajax Engineering has established itself as a trusted name in the industry.
Successfully selling more than 27,800 units of concrete equipment across India. This impressive milestone reflects the company’s commitment to quality, innovation, and customer satisfaction. The company has a proven track record of experience steady growth, driven by government infrastructure projects, urbanisation, and private sector investments.
Key Strengths:
1. Market Leadership: Ajax Engineering is a market leader in concrete equipment manufacturer.
2. Strong Financials: Consistent revenue growth of 150% over the past 3 years.
3. Expansion Plans: The company has stated that there are no immediate plans to allocate the IPO funds toward new investments.
4. Innovative Products: Ajax Engineering leads in next-gen 360° concreting solutions with innovative products like self-loading concrete mixers, boom pumps, and concrete slip-form paver, revolutionizing efficiency on construction sites.
Ajax Engineering IPO Details
Here’s a breakdown of the Ajax Engineering IPO 2025:
1. IPO Dates
- Opening Date: [10 Feb, 2025]
- Closing Date: [12 Feb, 2025]
- Basis of Allotment: [13 Feb, 2025]
- Refunds Initiation: [14 Feb, 2025]
- Listing Date: [17 Feb, 2025]
2. Price Band
The Ajax Engineering IPO price band is set at ₹599 to ₹629 per share. Retail investors can bid for a minimum of 1610 shares and in multiples thereafter.
3. IPO Size
The total IPO size is ₹X crore, comprising:
- Fresh Issue: ₹1269.30 crore
- Offer for Sale (OFS): ₹2.02 crore
4. Objectives of the IPO
The proceeds from the IPO will be used for:
- Repayment of debt
- Funding working capital requirements
- Expansion of manufacturing facilities
- General corporate purposes
Ajax Engineering GMP (Grey Market Premium)
As of 10 FEb, the Ajax Engineering IPO GMP is ₹52, indicating strong investor interest. A positive GMP suggests that the shares are trading at a premium in the grey market, which could translate into listing gains.
Should You Invest in Ajax Engineering IPO?
Here’s a quick analysis to help you decide:
Pros:
- Strong Market Position: Ajax Engineering is a well-established player in Ajax Fiori Engineering (India) Private Limited.
- Growth Potential: Expansion plans and innovative products could drive future growth.
- Attractive Valuation: The IPO is priced reasonably compared to industry peers.
Cons:
- Market Risks: intense competition, economic slowdowns impacting construction demand, fluctuating raw material costs, and regulatory changes
- Debt Levels: The company has a no debt but sometimes revenue growth slows.
Conclusion
The Ajax Engineering IPO 2025 presents an exciting opportunity for investors looking to capitalize on the growth of industry. However, it’s crucial to analyze the company’s fundamentals, market conditions, and risk factors before investing. Keep an eye on the GMP trends and stay updated with the latest developments.
For more insights on IPOs and market trends, bookmark MoneyRuns.com and subscribe to our newsletter
Call-to-Action:
What’s your take on the Ajax Engineering IPO? Will you be applying for it? Share your thoughts in the comments below. Stay tuned to MoneyRuns.com for the latest updates on IPO GMP, reviews, and expert analysis.