Ajax Engineering Limited
Feb 10, 2025 - Feb 12, 2025
Ajax Engineering Limited IPO Details
Status
listed
Issue Price
₹599.00 - ₹629.00
Lot Size
23 Shares
Subscription
6.06 times
Listing Price
₹576 (-8.43%)
Face Value
₹1 Per share
Issue Size
Approx ₹1269.35 Cr
Fresh Issue
-
Total Shares Offered
Approx ₹1269.35 Cr
Retail Quota
35%
QIB Quota
50%
HNI Quota
15%
Retail Approx
-
S-HNI Approx
-
B-HNI Approx
-
Issue Type
Book Built Issue IPO
Listing On
BSE, NSE
Registrar
Link Intime India Private Ltd
NSE Code
AJAXENGG
BSE Code
544356
IPO Tentative Timetable
Valuation
Earning Per Share (EPS)
₹19.68
Price/Earning P/E Ratio
N/A
Return on Net Worth (RoNW)
19.39%
Net Asset Value (NAV)
₹80.24
Promoters
Pre issue Share Holding
93.50%
Post issue Share Holding
-
Company Promoters
- Krishnaswamy Vijay
- Jacob Jiten John
- Kalyani Vijay
- Madhuri Vijay
- Prashanth Vijay
- Rachel Rekha Hansen
- Savitha Christeena Alexander
- Sean Alexander
- Green Haven Trust
- Ohana Trust
- Jacob Hansen Family Trust
- The Johns Loaves Trust
Lead Managers
ICICI Securities Limited
Citigroup Global Markets India Private Limited
Jm Financial Limited
Nuvama Wealth Management Limited
SBI Capital Markets Limited
Live Subscription
| Date | QIB | NII | NII (> ₹10L) | NII (< ₹10L) | Retail | EMP | Total |
|---|---|---|---|---|---|---|---|
| Feb 10, 2025 | 0.26 | 0.28 | 0.24 | 0.35 | 0.29 | 0.54 | 0.28 |
| Feb 11, 2025 | 0.33 | 0.61 | 0.51 | 0.77 | 0.52 | 1.19 | 0.49 |
| Feb 12, 2025 | 13.04 | 6.46 | 7.67 | 3.58 | 1.94 | 2.62 | 6.06 |
Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 23 | ₹14,467 |
| Retail (Max) | 13 | 299 | ₹1,88,071 |
| S-HNI (Min) | 14 | 322 | ₹2,02,538 |
| S-HNI (Max) | 69 | 1,587 | ₹9,98,223 |
| B-HNI (Min) | 70 | 1,610 | ₹10,12,690 |
IPO Reservation
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 60,30,449 (29.88%) | NA |
| QIB Shares Offered | 40,20,300 (19.92%) | NA |
| NII (HNI) Shares Offered | 30,15,225 (14.94%) | - |
| bNII > ₹10L | 20,10,150 (9.96%) | 6,242 |
| sNII < ₹10L | 10,05,075 (4.98%) | 3,121 |
| Retail Shares Offered | 70,35,525 (34.86%) | 3,05,892 |
| Employee Shares Offered | 78,947 (0.39%) | NA |
| Total Shares Offered | 2,01,80,446 (100%) | - |
Company Financial
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 1,348.76 | 1,236.14 | 966.73 | 735.31 |
| Revenue | 794.16 | 1,780.07 | 1,172.57 | 771.85 |
| Profit After Tax | 101.02 | 225.15 | 135.9 | 66.21 |
| Net Worth | 995.84 | 917.96 | 713.8 | 578.27 |
| Reserves and Surplus | 984.4 | 906.52 | 702.36 | 575.41 |
| Total Borrowing | - | 6.23 | 10.14 | 7.16 |
About Company
By September 30, 2024, the company had created 141 concrete equipment models and sold over 29,800 units in India in the past ten years. It has a design, engineering, and development team of 79 full-time employees, which is about 15.96% of the total workforce.
The company has four facilities in Karnataka, located in Obadenahalli, Gowribidanur, and Bashettihalli, each focusing on different products, especially the Obadenahalli facility. It has 51 dealerships across 23 states in India, with 114 service points, including 51 headquarters and 63 branches, 34 of which also serve as service centers. Outside India, the company has 25 dealers and distributors in South and Southeast Asia, the Middle East, and Africa.
So far, the company has supplied concrete equipment and spare parts to more than 15,700 customers.
Products include:
- Self-loading concrete mixers
- Batching plants
- Transit mixers
- Boom pumps
- Concrete pumps
- Self-propelled boom pumps
- Slipform pavers
- 3D concrete printers
The service team has 85 employees, including coordinators, managers, specialists, and customer service executives, who support the dealer network.
Key strengths:
- A leading company in the self-loading concrete mixer (SLCM) market
- Offers a wide range of concrete equipment, services, and solutions
- Strong in-house design and engineering team
- Advanced manufacturing and assembly processes with a reliable supplier network
- A large dealer network with broad distribution
- A diverse customer base with long-term business relationships
- An experienced management team with skilled professionals
Company Contact
253/1, 11th main road3 rd phase, peenya industrial areabengaluru 560058
Phone: +91 82 96336111
Email: complianceofficer@ajax-engg.com
Website: https://www.ajax-engg.com/
Registrar Contact
Phone: +91-22-4918 6270
Email: ajaxengineering.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html