The Ajax Engineering IPO is a book-built issue worth ₹1,269.35 crores, consisting entirely of an offer for sale of 2.02 crore shares.
The IPO opens for subscription on February 10, 2025, and closes on February 12, 2025. The allotment is expected to be finalized on Thursday, February 13, 2025. Ajax Engineering IPO is set to be listed on the BSE and NSE, with a tentative listing date of Monday, February 17, 2025.
The IPO price band is set between ₹599 and ₹629 per share. The minimum lot size for an application is 23 shares, requiring a minimum investment of ₹14,467 for retail investors. For sNII, the minimum investment is 14 lots (322 shares), amounting to ₹2,02,538, while for bNII, the minimum investment is 70 lots (1,610 shares), totaling ₹10,12,690.
| Particulars | Details |
|---|---|
| Company Name | AJAX Engineering Limited |
| Bid/Offer Period | - Opens: Monday, 10th February, 2025- Closes: Wednesday, 12th February, 2025 |
| Anchor Investor Bidding Date | Friday, 7th February, 2025 |
| Issue Structure | - Offer for Sale (OFS): Up to 20,140,000 Equity Shares- Fresh Issue: ₹1,269 Cr |
| Face Value | ₹1 per share |
| Price Band | ₹80 - ₹84 per share |
| Bid Lot | 23 shares and in multiples thereof |
| Minimum Issue Market Cap | ₹7,196 Cr |
| Categories | 1. RII (Retail Individual Investors)2. NII (Non-Institutional Investors)3. QIB (Qualified Institutional Buyers)4. Employees |
| Retail (RII) Minimum Bid | 23 shares (investment up to ₹2 Lakhs) |
| NII (HNI) Bid | Above ₹2 Lakhs |
| Minimum Bid Lot (Retail) | 23 shares ⇒ ~₹1,796 |
| Employee Discount | ₹45 per share |
| Employee Discount Amount | ₹1,035 |
| Number of Retail Applications (so far) | 42,530 |
| Employee Reservation | 50,000 shares (approx. ₹2.45 Cr) |
| Number of Employees | 120 |
| QIB Portion | 50% of the net offer |
| Book Running Lead Managers (BRLM) | Axis Capital, HSBC India, JM Financial, Nuvama Wealth, SBI Capital Markets |
| Registrar | Link Intime India Pvt. Ltd. |
| Listing | BSE & NSE |
| Tentative Issue Timeline | - Allotment: 17th February, 2025- Refunds: 18th February, 2025- Credit to Demat: 19th February, 2025- Listing Date: 20th February, 2025 |
Note: Please do your own analysis or take independent professional financial advice before making any investments based on your own personal circumstances. Investment in securities are subject to market risks, please carry out your due diligence before investing.
Ajax Engineering IPO Current GMP, Issue Dates Lot Size!!