IPO Advisory
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Electric Equipments
Sub Sector: manufacturers of refrigeration sealing solutions
Ajay Poly Limited is one of India's leading manufacturers of refrigeration sealing solutions, profile extrusion, and glass products for the appliance industry, based on market share in Fiscal 2024 (Source: F&S Report, December 27, 2024). It holds a 61.0% market share in refrigeration sealing solutions (gaskets), 25.2% in rigid profile extrusion, 45.96% in total profile extrusion, 31.3% and 15.4% market share in household refrigeration glass shelves and overall toughened glass products for the appliance industry in Fiscal 2024 (Source: F&S Report, December 27, 2024).
The company specializes in a variety of toughened (tempered) glass products and glass solutions, polymer extrusion products, magnet powders, and magnetic products. Its product offerings include refrigerator door gaskets, thermoplastic extruded profiles, magnetic strips, polymer sheets extrusion, refrigerator glass shelves, refrigerator glass doors, microwave glass doors, washing machine glass lids, and various toughened glass components for appliances. The company caters to sectors such as consumer durables, commercial refrigeration, and the automotive sector.
Its primary customers are appliance manufacturers, both multinational and Indian, with whom it collaborates on design and development. The company operates ten manufacturing facilities across India, strategically positioned near key northern, western, and southern appliance manufacturing hubs of key original equipment manufacturers (OEMs)
KFin Technologies Limited
Ajay Poly operates in Electric Equipments and manufacturers of refrigeration sealing solutions. The Issue would be listed on MainBoard. The registrar of the Issue is KFin Technologies Limited. The IPO type of Ajay Poly is Book Building Process and Object of issue is
Merchant Banker of Ajay Poly IPO is Motilal Oswal Investment Advisors Limited , SBI Capital Markets Limited
The DRHP (Draft Red Herring Prospectus) of Ajay Poly IPO was filed on 28 Dec 2024.
No, Ajay Poly IPO is not yet listed. See other upcoming MainBoard IPOs here.
The IPO open date and IPO close date of Ajay Poly are not available now. You can apply in Ajay Poly IPO online using either UPI or ASBA as a payment method. ASBA IPO application can be done through net banking of your bank account. UPI IPO application is also offered by brokers, though they don't handle any banking services.
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