35  Total SME IPOs listed in 2025

1636.98 Crs.  Total funds raised in 2025

27  SME IPOs listed with Gain in 2025

8  SME IPOs listed with loss in 2025

35  Total SME IPOs listed in 2025

1636.98 Crs.  Total funds raised in 2025

27  SME IPOs listed with Gain in 2025

8  SME IPOs listed with loss in 2025

35  Total SME IPOs listed in 2025

1636.98 Crs.  Total funds raised in 2025

27  SME IPOs listed with Gain in 2025

8  SME IPOs listed with loss in 2025

35  Total SME IPOs listed in 2025

1636.98 Crs.  Total funds raised in 2025

27  SME IPOs listed with Gain in 2025

8  SME IPOs listed with loss in 2025

Ajax Engineering Limited IPO (Ajax Engineering IPO) Details

Ajax Engineering Limited is an Infrastructure based company, located in Bangalore, Ajax Engineering Limited IPO size was 1269.35 Cr. and was issued at 629.00 per share. The share of Ajax Engineering Limited were listed at 576.00 per share and are currently trading at 600.75 per share.

Type :
Sub Sector : SLCM Machinery That Are Widely Used In Infra Developments
MainBoard IPO

Financial Summary (at the time of ipo, on annualised basis)

Revenue :
1588.32 Cr.

PAT :
202.04 Cr.

Pricing Report

Issue Price :
629.00

Listing Price :
576.00

Current Market Price :
600.75

Issue Price vs CMP :
28.25 (4.49%)

listing Price vs CMP :
24.75 (4.30%)

Performance Report (CAGR* wise)

CAGR : -98.49
-ve 0 6 9 12+
Below Average

*CAGR is calculated basis issue price at the time of IPO and Current Market Price without taking into Consideration Bonus/Right issue.

About Ajax Engineering

Company Information
Ajax Engineering is a leading concrete equipment manufacturer with a comprehensive range of concrete equipment, services and solutions across the concrete application value chain. As of March 31, 2024, they have developed over 110 concrete equipment variants catering to the concrete application value chain, and over the last ten years, Ajax Engineering have sold over 27,800 concrete equipment in India. Since their inception 32 years ago, Ajax Engineering have developed a comprehensive product portfolio that includes equipment such as self-loading concrete mixers (SLCMs) and batching plants for the production of concrete, transit mixers for the transportation of concrete, boom pumps, concrete pumps and self-propelled boom pumps for the placement of concrete, slip-form pavers for the paving of concrete and 3D concrete printers for depositing concrete. Ajax
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Object of Issue
  • Offer for Sale

Ajax Engineering MainBoard IPO Details (at the time of IPO)

IPO Type :
Book Building
IPO Date :
Feb, 2025
IPO Size :
1269.35 Cr.
Market Cap :
7196.19 Cr.   
IPO Subscription :
6.06 X     
PE Multiple :
35.62
Merchant Banker :
Citigroup Global Markets India Private Limited
IPO Registrar:
Link Intime India Private Limited
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Peer Companies Of This Sector

FAQs

Ajax Engineering operates in Infrastructure and SLCM Machinery That Are Widely Used In Infra Developments. The Issue is listed on MainBoard in Feb, 2025. Ajax Engineering IPO size was 1269.35 Cr. with Issue price of 629.00 .

Merchant Banker(s) of Ajax Engineering IPO: Citigroup Global Markets India Private Limited , ICICI Securities Limited , Jm Financial Limited , Nuvama Wealth Management Limited , SBI Capital Markets Limited

Ajax Engineering IPO subscription was 6.06 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

Ajax Engineering IPO listed at a listing price of 576.00 against the offer price of 629.00.

The current market price of Ajax Engineering is 600.75.

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