Ajax Engineering IPO

Issue:₹629

List:₹681.21

CMP:₹499

NSELot: 23Mainboard

LISTEDMAINBOARD

Issue Price₹629

Listing₹681.21

Current₹499

Price Band

₹599 - ₹629

Lot Size

Issue Size

₹1268.93 Cr

GMP

₹0

Subscription

0.28x

Content

IPO Schedule

Open

10 Feb

12 Feb

Allotment

Listing

17 Feb

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.

Subscription Status

QIB

0.26x

NII

0.28x

Retail

0.29x

Category	Day 3	Day 2	Day 1
QIB	13.04x	0.33x	0.26x
NII	6.46x	0.61x	0.28x
Retail	1.94x	0.52x	0.29x
Total	6.06x	0.49x	0.28x

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.