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Ajax Engineering's IPO opened for subscription on Monday (February 10). It will remain open for application till February 12.
The IPO of Ajax Engineering, a concrete equipment manufacturer, opened for application from Monday (10 February).
It will remain open for subscription till 12 February (Wednesday). The price band of Ajax Engineering IPO is ₹599 to ₹629 per share.
The company said on Friday that it has raised more than ₹379 crore from anchor investors just before the initial share-sale launch.
The Ajax Engineering IPO is entirely based on an offer-for-sale (OFS) of 2.01 crore shares. The size of the IPO at the upper end of the price band is Rs 1269 crore.
The IPO is entirely based on OFS, so Ajax Engineering will not get any funds from the IPO.The company's market cap at the upper end of the price band is estimated at Rs 7200 crore.
Let us tell you that Ajax Engineering is one of the leading companies manufacturing concrete equipment. Company that offers products, services and solutions related to the concrete applications value chain.
Let us tell you that Ajax Engineering is one of the leading companies manufacturing concrete equipment. Company that offers products, services and solutions related to the concrete applications value chain.
Ajax Engineering IPO Open Date
Ajax Engineering's IPO opened for subscription on Monday (February 10). It will remain open for application till February 12.
Ajax Engineering IPO GMP
Ajax Engineering's IPO is doing well in the grey market. The company's shares were trading at Rs 681 per share on Monday (February 10) in the grey market.
This is Rs 52 higher than the upper end of the issue price of Rs 629. This indicates that the company's shares may be listed at Rs 681 with a premium of 8.27%.
Ajax Engineering IPO Price Band
Ajax Engineering IPO price band is fixed at Rs 599 to Rs 629 per share. You can apply for Ajax Engineering IPO for a minimum amount of 23 shares for Rs 14467.
Ajax Engineering IPO Details
| Announcement | Date |
|---|---|
| IPO opening date | February 10, 2025 |
| IPO closing date | February 12, 2025 |
| IPO issue price | ₹599.00-629 |
| Where will the IPO be listed | BSE, NSE |
| Retail quota | not less than 35% of net offer |
| IPO issue type | Book build issue |
| IPO issue size | ₹1269.35 crore |
| When will the shares be allotted | February 13, 2025 |
| When will the IPO be listed | February 17, 2025 |
| Offer for sale | Rs 1269.35 crore |
| Face value | Rs 1 per equity share |
| Price of 1 lot | Rs 14,467 |
| Market lot | 23 shares |
