Ajax Engineering Limited IPO
Ajax Engineering Limited was a mainboard IPO in the Construction Vehicles sector, offered at ₹599–₹629 per share to raise ₹1,269 crore. The issue was subscribed 6.45× overall (QIBs 14.41×, NIIs 6.47×, retail 1.93×). It listed on 17 Feb 2025 at ₹576 and closed its first day at ₹595, a listing loss of -5.3% versus the ₹629 issue price. It now trades around ₹536 (-14.9% versus the issue price).
Frequently asked questions
- How many times was the Ajax Engineering Limited IPO subscribed?
- The Ajax Engineering Limited IPO was subscribed 6.45× overall — 14.41× in the QIB category, 6.47× among non-institutional investors, 1.93× in retail.
- What were the Ajax Engineering Limited IPO listing gains?
- Ajax Engineering Limited listed on 17 Feb 2025 at ₹576, closing its first day at ₹595 — a listing loss of -5.3% versus the ₹629 issue price.
- What were the retail allotment odds for the Ajax Engineering Limited IPO?
- Retail was subscribed 1.93×, so a single-lot application had roughly a 51.8% chance of allotment (about 1 in 2), and allotment was finalised on 13 Feb 2025.
- What was the price band and lot size of the Ajax Engineering Limited IPO?
- The price band was ₹599–₹629 per share, with a minimum lot of 23 shares (₹14,467 at the upper band).
- Who were the registrar and lead manager for the Ajax Engineering Limited IPO?
- MUFG Intime India Private Limited (formerly Link Intime India Private Limited) was the registrar, and ICICI Securities was the book-running lead manager.