Ajax Engineering is an Indian company known for its production of construction equipment. They specialize in products such as transportation, concrete chart systems, concrete pumps, and other devices important for the construction and infrastructure sector
The company is recognized for its innovative technology in production and contributes to numerous large-scale construction projects. Ajax Engineering also focuses on after-sales services, providing parts and maintenance support to ensure long-term performance of your equipment. Ajax Engineering Limited, a well-known manufacturer of concrete devices, launched its first IPO (IPO), raising 1.269.35 crores. Here you can find a comprehensive overview of IPO details, pricing and expert reviews.
Ajax Engineering IPO Details:
Spending size: The IPO aims to increase "1,269.35 crores by selling shares of 2.01 crores.
Price Brand: Price Brands range from 599 to 629 per stock.
Subscription Period: The IPO is open for subscriptions from February 10th to February 12th, 2025.
Listing date: Stocks are scheduled to be listed on BSE and NSE on February 17, 2025.
Grey Market Premium (GMP):
Starting February 10, 2025, stocks will be trading in the grey market with a bonus of 56. This shows a positive atmosphere for investors.
Lot Size: The minimum investment for retail investors is Rs.14,467, corresponding to 23 shares.
Ajax Engineering Company Overview:
Ajax Engineering was founded in 1992 and was developed as a leader in the secondary sector of concrete devices. The company offers a variety of products and services in a specific usage chain and operates four production facilities in Karnataka.
Financial Performance:
The company shows robust financial growth:
Revenue: In financial year 2024, Ajax reported sales of 1,780.07 crores in financial year 2023 172.57 crores.
Post-Tax Winning (PAT): PAT increased from 135.53 crore in financial year 2023 to 225.28 crores.
Conclusion:
Ajax Engineering IPO offers promising investment options supported by strong financial data, dominant market positions and reviews of positive analysts. Investors should take into account their individual financial goals and risk tolerance before participating.
*Disclaimer: Terms and conditions apply. The information provided in this article is generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances.
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