Introduction to Ajax Engineering Ltd IPO
Ajax Engineering Ltd IPO is set to launch its much-anticipated Initial Public Offering (IPO), opening for subscription on February 10, 2025, and closing on February 12, 2025. The IPO is a book-building issue worth Rs 1,269.35 crores, with a fresh issue of 2.02 crore shares. The listing is expected to take place on February 17, 2025, on both BSE and NSE.
This article provides a detailed insight into the Ajax Engineering Ltd IPO, along with information about other upcoming IPOs this week, upcoming IPOs in India on NSE, and the upcoming IPO list.
About Ajax Engineering Ltd
Ajax Engineering Ltd is a reputed company specializing in manufacturing and engineering solutions. It has a strong presence in the industry and is looking to expand its market reach through this IPO.
Ajax Engineering Ltd IPO Details
IPO Overview
Particulars | Details |
IPO Open Date | February 10, 2025 |
IPO Close Date | February 12, 2025 |
Issue Type | Book Building |
Listing Exchange | BSE, NSE |
Issue Price Band | ₹599 – ₹629 per share |
Lot Size | 23 Shares |
Minimum Investment | ₹14,467 |
Issue Size | ₹1,269.35 Crores |
Total Shares Offered | 20,180,447 Shares |
Face Value | ₹1 per share |
Important Dates
Event | Date |
Opening Date | February 10, 2025 |
Closing Date | February 12, 2025 |
Basis of Allotment | February 13, 2025 |
Initiation of Refunds | February 14, 2025 |
Credit of Shares | February 14, 2025 |
Listing Date | February 17, 2025 |
Subscription Details
Category | Subscription Times |
Qualified Institutional Buyers (QIB) | 0x |
Retail Individual Investor (RII) | 0x |
Non-Institutional Investor (NII) | 0x |
Others | 0x |
Total | 0x |
Reservation Details
Investor Category | Shares Offered | Percentage (%) |
Anchor Investors | 60,30,450 | 29.88% |
Employee Reserved | 78,947 | 0.39% |
Non-Institutional Investor | 30,15,225 | 14.94% |
Qualified Institutional Buyers | 40,20,300 | 19.92% |
Retail Individual Investor | 70,35,525 | 34.86% |
Total Shares Offered | 20,180,447 | 100.00% |
Upcoming IPOs This Week
Investors keen on IPOs should keep an eye on the upcoming IPO list. Here are some notable IPOs in India this week:
- Ajax Engineering Ltd IPO
Readymix Construction Machinery IPO
Upcoming IPOs in India on NSE
Several IPOs are lined up for listing on the National Stock Exchange (NSE), including:
- Ajax Engineering Ltd IPO
- Readymix Construction Machinery IPO
- Solarium Green Energy IPO
Conclusion
The Ajax Engineering Ltd IPO is a highly anticipated public offering that presents an excellent investment opportunity. Investors should analyze the upcoming IPO list and check upcoming IPOs in India this week to stay updated. Ensure to review financials, subscription details, and listing dates before making investment decisions. Happy Investing!
