The Ajax Engineering IPO is one of the most anticipated listings, set to open for subscription on February 10, 2025, and close on February 12, 2025. This Book Built Issue IPO aims to raise approximately ₹1,269.35 crores, with a fresh issue component of ₹[.] crores and an offer for sale (OFS) of up to 2,01,80,446 equity shares, each with a face value of ₹1.
Ajax Engineering IPO Price Band & Quota
- Price Band: ₹599 to ₹629 per share
- Retail Investor Quota: 35%
- Qualified Institutional Buyers (QIB): 50%
- High Net-Worth Individuals (HNI): 15%
Ajax Engineering IPO Dates
- IPO Opening Date: February 10, 2025
- IPO Closing Date: February 12, 2025
- Allotment Date: February 13, 2025
- Listing Date on BSE & NSE: February 17, 2025
Financial Performance of Ajax Engineering
- Revenue: ₹1,780.07 crores in FY 2024, up from ₹1,172.57 crores in FY 2023.
- Profit: ₹225.28 crores in FY 2024, compared to ₹135.53 crores in FY 2023.
Ajax Engineering IPO Date & Price Band Details
| Category | Details |
|---|---|
| IPO Open Date: | February 10, 2025 |
| IPO Close Date: | February 12, 2025 |
| Face Value: | ₹1 Per Equity Share |
| IPO Price Band: | ₹599 to ₹629 Per Share |
| Issue Size: | Approx ₹1,269.35 Crores |
| Offer for Sale: | Approx 2,01,80,446 Equity Shares |
| Issue Type: | Book Built Issue |
| IPO Listing: | BSE & NSE |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
| Employee Discount: | 59.00 |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
Ajax Engineering: Company Overview, Strengths, and Risks
Ajax Engineering, founded in 1992, is a global leader in the manufacturing and sale of concreting equipment. The company is headquartered in Bangalore, India, and has a strong presence in the domestic market as well as in several international markets. Ajax Engineering is known for its innovative products, customer-centric approach, and strong after-sales service network.
Products and Services
Ajax Engineering offers a wide range of concreting solutions, including:
- Self-loading concrete mixers (SLCMs)
- Transit mixers
- Concrete batching plants
- Stationary concrete pumps
- Boom pumps
- Slip-form pavers
The company also provides after-sales support, training, and spare parts to its customers.
Strengths
- Strong brand reputation: Ajax Engineering is a well-known and trusted brand in the concreting equipment industry.
- Wide product range: The company offers a comprehensive range of concreting solutions to meet the diverse needs of its customers.
- Innovative technology: Ajax Engineering invests heavily in research and development to develop innovative and efficient products.
- Customer-centric approach: The company is committed to providing excellent customer service and after-sales support.
- Strong distribution network: Ajax Engineering has a wide distribution network across India and in several international markets.
Risks
- Competition: The concreting equipment industry is highly competitive, with several established players.
- Economic downturn: A slowdown in the construction industry could negatively impact the demand for Ajax Engineering’s products.
- Technological disruptions: Rapid technological advancements could make some of the company’s products obsolete.
- Supply chain disruptions: Disruptions in the supply chain could affect the company’s ability to manufacture and deliver its products on time.
- Fluctuations in raw material prices: Increases in the prices of raw materials could impact the company’s profitability.
Ajax Engineering IPO Market Lot
The much-anticipated Ajax Engineering IPO offers a minimum market lot of 23 shares, with an application amount of ₹14,467. Retail investors can apply for up to 13 lots, totaling 299 shares, amounting to ₹1,88,071. This IPO provides a significant opportunity for investors to participate in the dynamic growth of Ajax Engineering. Don’t miss the chance to invest in Ajax Engineering IPO and be a part of its promising future!
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 23 | ₹14,467 |
| Retail Maximum | 13 | 299 | ₹1,88,071 |
| S-HNI Minimum | 14 | 322 | ₹2,02,538 |
| B-HNI Minimum | 70 | 1,610 | ₹10,12,690 |
Ajax Engineering IPO Allotment & Listing Dates
The highly anticipated Ajax Engineering IPO is scheduled to open for subscription on February 10, 2025, and will close on February 12, 2025. This Ajax Engineering IPO aims to raise significant capital and is expected to attract a lot of investor attention. The allotment of shares will be finalized by February 13, 2025, with the listing of shares on the NSE set for February 17, 2025.
| Type | Date |
|---|---|
| IPO Open Date: | February 10, 2025 |
| IPO Close Date: | February 12, 2025 |
| Basis of Allotment: | February 13, 2025 |
| Refunds: | February 14, 2025 |
| Credit to Demat Account: | February 14, 2025 |
| IPO Listing Date: | February 17, 2025 |
Ajax Engineering IPO: Promoters & Key Shareholders
The promoters of Ajax Engineering IPO include a distinguished group of individuals and trusts, including Krishnaswamy Vijay, Jacob Jiten John, Kalyani Vijay, Madhuri Vijay, Prashanth Vijay, Rachel Rekha Hansen, Savitha Christeena Alexander, Sean Alexander, as well as renowned trusts such as Green Haven Trust, Ohana Trust, Jacob Hansen Family Trust, and The Johns Loaves Trust. This strong leadership team is poised to drive the growth and success of Ajax Engineering IPO, making it an exciting investment opportunity for all stakeholders.
Ajax Engineering IPO Company Financial Report
The Ajax Engineering IPO has demonstrated impressive financial growth, with the company reporting a remarkable revenue of ₹1,780.07 crores in 2024, a significant increase from ₹1,172.57 crores in 2023. Moreover, the company’s profit surged to ₹225.28 crores in 2024, marking a robust rise compared to ₹135.53 crores in 2023. This outstanding performance underscores the potential of the Ajax Engineering IPO for future investors.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
|---|---|---|---|---|
| 2022 | ₹771.85 | ₹681.43 | ₹66.38 | ₹735.31 |
| 2023 | ₹1,172.57 | ₹989.62 | ₹135.53 | ₹966.73 |
| 2024 | ₹1,780.07 | ₹1,478.16 | ₹225.28 | ₹1,236.14 |
Ajax Engineering IPO Valuation – FY2024
| KPI | Values |
|---|---|
| ROE: | 24.53% |
| ROCE: | 32.82% |
| EBITDA Margin: | 15.82% |
| PAT Margin: | 12.65% |
| Debt to equity ratio: | 0.01 |
| Earning Per Share (EPS): | ₹19.68 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 19.39% |
| Net Asset Value (NAV): | ₹80.24 |
Ajax Engineering Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Action Construction Equipment Limited | 27.56 | 45.38 | 26.65% | 103.42 | 2990.90 Cr. |
| BEML Limited | 67.66 | 58.07 | 10.56% | 640.55 | 4096.56 Cr. |
| Escorts Kubota Limited | 96.80 | 39.49 | 11.44% | 780.83 | 9248.21 Cr. |
Ajax Engineering IPO: Key Objectives
The Ajax Engineering IPO will not generate any proceeds for the company. Instead, the proceeds from the Offer for Sale will be allocated to the respective Selling Shareholders, each receiving their proportional share, after deducting their portion of the Offer-related expenses and applicable taxes.
Ajax Engineering IPO Review
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Ajax Engineering IPO Registrar
Link Intime India Private Limited
Phone: +91 81 0811 4949
E-mail: ajaxengineering.ipo@linkintime.co.in
Website: https://www.linkintime.co.in/Initial_Offer/public-issues.html
Ajax Engineering IPO Lead Managers aka Merchant Bankers
- ICICI Securities Limited
- Citigroup Global Markets India Private Limited
- JM Financial Limited
- Nuvama Wealth Management Limited
- SBI Capital Markets Limited
Ajax Engineering Company Address
Ajax Engineering Limited
253/1, 11th Main Road, 3rd Phase, Peenya
Industrial Area, Bengaluru 560 058, Karnataka, India
Phone: +91 82 9633 6111
Email: complianceofficer@ajax-engg.com
Website: www.ajax-engg.com
FAQ for Ajax Engineering IPO
The Ajax Engineering IPO will open for subscription on February 10, 2025, and close on February 12, 2025.
The price band for the Ajax Engineering IPO is ₹599 to ₹629 per share.
The allotment date for the Ajax Engineering IPO is February 13, 2025.
The Ajax Engineering IPO is expected to list on the BSE & NSE on February 17, 2025.
In FY 2024, Ajax Engineering reported a revenue of ₹1,780.07 crores and a profit of ₹225.28 crores, reflecting significant growth compared to FY 2023.
The IPO will not generate any proceeds for the company; instead, proceeds from the Offer for Sale will go to the respective Selling Shareholders.
Disclaimer: This information is for general knowledge and informational purposes only and does not constitute financial, investment, or other professional advice.
