Ajax Engineering Limited IPO GMP

AJAX, a legendary concreting equipment player renowned for both its engineering expertise as well as product after-sales support network is truly a world-class leader in providing concreting business solutions that makes concrete sense. AJAX was established in the year 1992 for manufacturing Self-Loading Concrete Mixer and today is the Global Leader in this product.

Ajax Engineering, an Book Built Issue amounting to ₹ 1,269.35 Crores, consisting entirely an Offer for Sale of 201.80 Lakh Shares. The subscription period for the Ajax Engineering IPO opens on February 10, 2025, and closes on February 12, 2025. The allotment is expected to be finalized on or about Thursday, February 13, 2025, and the shares will be listed on the BSE & NSE with a tentative listing date set on or about Monday, February 17, 2025.

The Share price band of Ajax Engineering IPO is set at ₹ 599 to ₹ 629 per equity share. The Market Capitalisation of the Ajax Engineering Limited at IPO price of ₹ 629 per equity share will be ₹ 7,196.18 Crores. The lot size of the IPO is 23 shares. Retail investors are required to invest a minimum of ₹ 14,467, while the minimum investment for High-Net-Worth Individuals (HNIs) is 14 lots (322 shares), amounting to ₹ 2,02,538.

ICICI Securities Limited, Citigroup Global Markets India Private Limited, JM Financial Limited, Nuvama Wealth Management Limited and SBI Capital Markets Limited are the book running lead manager of the Ajax Engineering IPO, while MUFG Intime India Private Limited is the registrar for the issue. 

Ajax Engineering Limited IPO GMP Today
The Grey Market Premium of Ajax Engineering Limited IPO is expected to be ₹ 0 based on the financial performance of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.

Ajax Engineering Limited IPO Live Subscription Status Today: Real-Time Update
As of 07:54 PM on 12 February, 2025, the Ajax Engineering IPO live subscription status shows that the IPO subscribed 6.45 times on its Last day of subscription period. Check the Ajax Engineering IPO Live Subscription Status Today at BSE.

Ajax Engineering IPO Anchor Investors Report
Ajax Engineering has raised ₹ 379.31 Crores from Anchor Investors at a price of ₹ 629 per shares in consultation of the Book Running Lead Managers. The company allocated 60,30,449 equity shares to the Anchor Investors. Check Full List of Ajax Engineering Anchor Investor List.

Note:- Equity Shares allotted to Anchor Investors (if any) are allotted from Qualified Institutional Buyers (QIBs) reservation portion.
Note:- The Number of shares offered shown IPO subscription section table is calculated at the lower end of the price band and Number of shares calculated in IPO details table section is calculated at upper end of the price band in case of Book Building Issue, so there can be difference. This is because we assume shares will be issued by the company at upper band as Anchor Investors also subscribe at upper band and shares will be issued at lower band only if in case of undersubscription of IPO.
Note:- Market Maker portion (if any) are not shown separately in subscription table and included in NIIs reservation portion

Ajax Engineering Limited Day Wise IPO GMP Trend

Ajax Engineering Limited IPO Allotment Date - Step by Step Guide to Check Allotment Status Online
Ajax Engineering IPO allotment date is 13 February, 2025, Friday. Ajax Engineering IPO Allotment will be out on 13 February, 2025 and will be live on Registrar Website from the allotment date. Check Ajax Engineering IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select Ajax Engineering Limited IPO from the dropdown list of IPOs
- Enter your application number, PAN, or DP Client ID
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.

Objectives of Ajax Engineering Limited IPO
Ajax Engineering will not receive any proceeds of the Offer. Each of the Selling Shareholders will be entitled to the respective proportion of proceeds of the Offer for Sale after deducting its portion of the Offer related expenses and the relevant taxes thereon.

Refer to Ajax Engineering Limited RHP for more details about the Company.