Ajax Engineering IPO aims to raise Rs 1,269.35 Crores through this offering, with 20,180,446 equity shares through offer for sale (entirely). The face value of the equity shares Rs 1 each, with a price band ranging from Rs 599 to Rs 629 per share. The minimum order quantity is 23 shares, translating to a minimum investment of Rs 14467. Retail quota is 34.86%, QIB is not more then 19.92% and HNI is not less then 14.94%. Ajax Engineering IPO List on NSE on 17 February 2025
The book running lead managers for this IPO are ICICI Securities Limited, Citigroup Global Markets India Private Limited, JM Financial Limited, Nuvama Wealth Management Limited and SBI Capital Markets Limited, ensuring a smooth and efficient process for all investors. Axis Bank Limited and ICICI Bank Limited have been appointed as the sponsor banks, providing support for the IPO’s financial transactions. Additionally, the official registrar for the IPO is MUFG Intime India Private Limited (formerly Link Intime India Private Limited), offering reliable services for all share-related processes.
Ajax Engineering IPO Key Dates
Ajax Engineering IPO Open on 10 Feb 2025 and Close on 12 Feb 2025
| IPO Open Date | 10-February-2025 |
| IPO Close Date | 12-February-2025 |
| Allotment | 13-February-2025 |
| Credit of Share | 14-February-2025 |
| Listing Date | 17-February-2025 |
Ajax Engineering IPO Financial Information
All the figures below are in Crores.
| 30-Sep-2024 | 31-Mar-2024 | 31-Mar-2023 | 31-Mar-2022 | |
|---|---|---|---|---|
| Assets | 1,348.76 | 1,236.14 | 966.73 | 735.31 |
| Borrowing | – | 6.23 | 10.14 | 7.16 |
| Reserve | 984.4 | 906.52 | 702.36 | 575.41 |
| Income | 794.1 | 1780.0 | 1172.5 | 771.8 |
| Expenses | 657.0 | 1478.1 | 989.6 | 681.4 |
| PBT | 137.1 | 301.9 | 182.9 | 90.4 |
| PAT | 101.0 | 225.1 | 135.9 | 66.2 |
Ajax Engineering IPO Key Indicators
All the figures provided below are based on the financial statement as of march 31 2024
| EPS(D) | 19.58 |
| RoNW | 19.39 |
| NAV | 80.24 |
| PAT Margin | 12.65% |
| P/E(D) | 31.96 |
| ROE | 24.53% |
| ROCE | 32.82% |
Ajax Engineering IPO Peer Comparison
| P/E | NAV | RoNW | EPS | |
|---|---|---|---|---|
| Ajax Engineering | – | 80.24 | 19.39% | 19.58 |
| Action Construction | 46.13 | 103.42 | 26.65% | 27.56 |
| BEML | 54.24 | 640.55 | 10.56% | 67.66 |
| Escorts Kubota | 35.73 | 780.83 | 11.44% | 96.64 |
Ajax Engineering Management
| Name | Designation |
|---|---|
| Krishnaswamy Vijay | Whole-time Director and Executive Chairman |
| Shubhabrata Saha | Managing Director and Chief Executive Officer |
| Jacob Jiten John | Whole-time Director |
| Parin Nalin Mehta | Non-Executive Director |
| Rajan Wadhera | Independent Director |
Object of the Issue
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.
BOOK RUNNING LEAD MANAGERS
- ICICI Securities Limited E-mail: ajax.ipo@icicisecurities.com Website: www.icicisecurities.com
- Citigroup Global Markets India Private Limited , E-mail: ajax.ipo@citi.com
- JM Financial Limited, E-mail: ajax.ipo@jmfl.com ,Website: www.jmfl.com
- Nuvama Wealth Management Limited, E-mail: ajax.ipo@nuvama.com , Website: www.nuvama.com
REGISTRAR TO THE OFFER
MUFG Intime India Private Limited (formerly Link Intime India Private Limited) C-101, 1 st Floor, 247 Park
Lal Bahadur Shastri Marg, Vikhroli (West), Mumbai 400 083
Maharashtra, India Tel: +91 81 0811 4949
E-mail: ajaxengineering.ipo@linkintime.co.in
Investor Grievance ID: ajaxengineering.ipo@linkintime.co.in
Website: www.linkintime.co.in Contact Person: Shanti Gopalkrishnan
SEBI Registration No.: INR000004058
For more upcoming IPO Click