Price Band
₹599 - ₹629
Lot Size
23
Issue Size
₹1268.93 Cr
GMP
N/A
Subscription
6.06x
Analyzing...
IPO Schedule
1
Open
10 Feb 2025
2
Close
12 Feb 2025
3
Allotment
-
4
Listing
17 Feb 2025
About Ajax Engineering
Ajax Engineering is a leading manufacturer of concrete batching plants (CBPs) with a significant market share in India. They also produce and sell related equipment like self-loading concrete mixers (SLCMs) and slip-form pavers, catering to infrastructure development and construction projects.
Key Strengths
- Leading market position in the Indian CBP market.
- Strong and diversified product portfolio catering to various concrete production needs.
- Established manufacturing capabilities and integrated operations.
- Extensive sales and service network across India.
- Consistent financial performance with healthy profitability and ROE.
Risk Factors
- •Dependence on the infrastructure and construction sectors, which are cyclical and subject to economic fluctuations.
- •Competition from both domestic and international players in the CBP and related equipment market.
- •Exposure to fluctuations in raw material prices and currency exchange rates.
- •Potential disruptions in supply chain impacting production and delivery schedules.
Valuation Analysis
The IPO is priced at a P/E of 31.96, which appears reasonable considering the company's strong market position, growth prospects, and profitability. However, investors should carefully consider the risks associated with the cyclical nature of the construction industry.
IPO Details
ExchangeNSE
SegmentMAINBOARD
ISININE274Y01021
NSE SymbolAJAXENGG
Face Value₹1
Lot Size23
Issue Size₹1268.93 Cr
Key Metrics
ROE22.5
ROCE28.3
P/E Ratio20.5
Industry P/E20
EPS19.68
PAT Margin12.65%
Debt/Equity0.45
Growth & Quality
ProfitableYes ✓
Subscription
Total0.28x
Imbalance Ratio2.6x
Documents
RHP not available
DRHP DocumentKey Dates
Open Date10 Feb 2025
Close Date12 Feb 2025
Listing17 Feb 2025