Ajax Engineering IPO GMP Today, Date, Price, Subscription Status 

Ajax Engineering IPO Overview

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

Refer to Ajax Engineering IPO RHP for detailed information.

Ajax Engineering IPO Important dates

Ajax Engineering IPO opens on February 10, 2025, and closes on February 12, 2025.

IPO Open Date	Monday, February 10, 2025
IPO Close Date	Wednesday, February 12, 2025
Basis of Allotment	Thursday, February 13, 2025
Initiation of Refunds	Friday, February 14, 2025
Credit of Shares to Demat	Friday, February 14, 2025
Listing Date	Monday, February 17, 2025
Cut-off time for UPI mandate confirmation	5 PM on February 12, 2025

Ajax Engineering IPO Financial Performance

Ajax Engineering IPO Key Performance Indicator

The market capitalization of Ajax Engineering IPO is Rs 7196.19 Cr.

KPI as of Sun, Mar 31, 2024.

Ajax Engineering IPO Objectives

The Company 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.

Ajax Engineering IPO Lot Size

Investors can bid for a minimum of 23 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

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
Lot Size Calculator

Ajax Engineering IPO Details

Ajax Engineering IPO Company Overview and Services

Incorporated in July 1992, Ajax Engineering Limited manufactures a wide range of concrete equipment and services across the value chain.

As of September 30, 2024, The company has developed 141 concrete equipment variants for the value chain and sold over 29,800 units in India in the last ten years.

As of September 30, 2024, the design, engineering, and development team has 79 full-time employees, about 15.96% of the total workforce.

As of September 30, 2024, Ajax Engineering Limited has four facilities in Karnataka, located at Obadenahalli, Gowribidanur, and Bashettihalli, each specializing in different products, especially the Obadenahalli facility.

As of September 30, 2024, The company has 51 dealerships across 23 states in India, providing 114 touchpoints, including 51 headquarters and 63 branches, 34 of which also serve as service centers.

As of September 30, 2024, the company has established 25 dealers and distributors across South and Southeast Asia, the Middle East, and Africa.

As of September 30, 2024, the company has sold concrete equipment and spare parts to over 15,700 customers.

Product Portfolio:

• Self-loading concrete mixers
• Batching plants
• Transit mixers
• Boom pumps
• Concrete pumps
• Self-propelled boom pumps
• Slipform pavers
• 3D concrete printers

As of September 30, 2024, the service team included 85 employees, such as coordinators, managers, specialists, and customer service executives supporting our dealer network.

Competitive Strength

• Market leader in a large and fast-growing SLCM market
• Leading concrete equipment company with a comprehensive range of concrete equipment, services and solutions across the concrete application value chain
• Strong in-house design, development and engineering capabilities
• Technology-led assembly and manufacturing processes and robust supplier network
• Large dealer network with widespread distribution model
• Diversified customer base with longstanding relationships in the concrete equipment market
• Experienced management team supported by qualified and experienced personnel.

Ajax Engineering IPO SWOT Analysis

Strengths

• Market Leader: Ajax Engineering holds a dominant position in the Self-Loading Concrete Mixer (SLCM) market in India, with a significant market share.
• Comprehensive Product Portfolio: They offer a wide range of concrete equipment, services, and solutions across the entire concrete application value chain.
• Strong Design and Engineering: Ajax has well-established in-house design, development, and engineering capabilities.
• Technology-Driven Manufacturing: Their manufacturing and assembly processes are technology-driven, ensuring efficiency and quality.
• Extensive Dealer Network: A large dealer network provides widespread reach and distribution across India.

Weaknesses

• Over-Reliance on SLCM Sales: The majority of their revenue comes from SLCM sales, making them vulnerable to fluctuations in that specific market segment.
• Seasonality: Their operations are subject to seasonality, which can lead to inconsistent financial performance across different quarters.
• Raw Material Price Volatility: Fluctuations in raw material prices and potential supply disruptions could negatively impact profitability.

Opportunities

• Infrastructure Development: The ongoing focus on infrastructure development in India presents significant growth opportunities for concrete equipment manufacturers.
• Expanding Product Portfolio: Ajax can further diversify its product portfolio to reduce reliance on SLCM sales and cater to a wider range of customer needs.
• Export Potential: Expanding exports to other developing countries with growing infrastructure needs can drive further growth.
• Technological Advancements: Investing in research and development to introduce new and innovative products can provide a competitive edge.

Threats

• Competition: Increasing competition from both domestic and international players could put pressure on pricing and market share.
• Economic Downturn: A slowdown in the overall economy or the construction sector could negatively impact demand for concrete equipment.
• Regulatory Changes: Changes in government regulations or environmental policies could affect the industry and Ajax’s operations.
• Rising Input Costs: Increases in raw material, labor, or energy costs could squeeze profit margins.

Ajax Engineering IPO GMP Details

What is IPO GMP?

The grey market premium (GMP) reflects the unofficial trading price of an IPO before its listing, offering insights into its potential market performance. A positive GMP indicates that the IPO may yield profits, while a negative GMP suggests a possible discount upon listing. However, it’s essential to recognize that IPO GMP can be highly volatile. Therefore, investors should not make decisions solely based on the GMP but should thoroughly assess all relevant factors before investing.

Ajax Engineering IPO Subscription Status 

Note that the bidding starts at 10 AM and ends at 5 PM on the days when the public issue is open.

Ajax Engineering IPO Allotment status

Ajax Engineering IPO allotment is expected on Thursday, February 13, 2025.

Ajax Engineering IPO allotment status is not available at this time. Ajax Engineering IPO – The allotment status will be available once the basis of allotment is finalized. Please revisit us to check the latest updates for Ajax Engineering Limited IPO allotment status.

Ajax Engineering IPO Contact Details

Ajax Engineering Limited
253/1, 11th Main Road
3 rd Phase, Peenya Industrial Area
Bengaluru 560058
Phone: +91 82 96336111
Email: complianceofficer@ajax-engg.com
Website: https://www.ajax-engg.com/

Disclaimer: Investing in Initial Public Offerings (IPOs) involves substantial risk, and financial returns are not guaranteed. The information provided should not be construed as financial or investment advice. Prospective investors are advised to consider their financial situation, investment objectives, and risk tolerance before participating in an IPO. It is recommended to consult with a qualified financial advisor or professional before making any investment decisions. Past performance is not indicative of future results. Investments in IPOs may be subject to market risk, including the potential loss of principal.

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