Ajax Engineering IPO GMP 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.
Why is the GMP Important?
- Investor Sentiment: A positive GMP indicates strong investor sentiment and suggests that the IPO may list at a premium.
- Potential Listing Gains: A higher GMP often means potential short-term listing gains for investors who subscribe to the IPO and sell post-listing.
- Market Demand: GMP is driven by the supply-demand dynamics in the grey market and can be an early indicator of investor interest.
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.
FAQ: Ajax Engineering IPO GMP
1. What is Ajax Engineering`s IPO GMP?
The current GMP for Ajax Engineering`s IPO is changing every day because of things like how investors feel about the stock, what`s happening in the market, and any new information about the company or its industry. Keep in mind that the GMP can go up or down each day. To get the latest and most accurate GMP information, you should look at trusted sources or use an IPO tracking website.
2. How can I track Ajax Engineering IPO GMP?
You can follow the Ajax Engineering IPO GMP by checking financial news sites, online IPO platforms, or brokers that monitor grey market activity. These sources will give you information about market feelings and the GMP as the IPO gets closer to its listing date.
3. How can I participate in Ajax Engineering`s IPO?
You can apply for Ajax Engineering`s IPO through your stockbroker, bank, or online trading platform. To apply, you need to have both a Demat account and a trading account. Before applying, it`s a good idea to learn more about the company and talk to a financial advisor if you want.
*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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