Ajax Engineering IPO Allotment Status

Summary

Ajax Engineering Limited, established in July 1992, stands as a market leader in concrete equipment manufacturing, with an impressive track record of delivering over 29,800 units in India over the past decade. Their comprehensive portfolio includes 141 concrete equipment variants, from self-loading concrete mixers to innovative 3D concrete printers. With four specialized facilities in Karnataka and a robust network of 51 dealerships across 23 states providing 114 touchpoints, the company serves over 15,700 customers while maintaining a strong international presence through 25 dealers and distributors across South and Southeast Asia, the Middle East, and Africa.
 

Ajax Engineering IPO comes with a total issue size of ₹1,269.35 crore, which is entirely an offer for sale of 2.02 crore shares. The IPO opened on February 10, 2025, and closed on February 12, 2025. The allotment date for the Ajax Engineering IPO is expected to be finalized on Thursday, February 13, 2025.

Steps to Check Ajax Engineering IPO Allotment Status on Registrar Site

• Visit Link Intime India Private Ltd website
• Select "Ajax Engineering IPO" from the dropdown menu on the allotment status page
• Enter your PAN ID, Demat Account Number, or Application Number in the designated field
• Complete the captcha verification process and click on the "Submit" button to view your allotment status

Steps to Check Ajax Engineering IPO Allotment Status on BSE/NSE

• Navigate to the BSE/NSE IPO Allotment Status Page
• Choose "Ajax Engineering IPO" from the list of active IPOs in the dropdown menu
• Input your Application Number and PAN ID in the required fields
• Verify the captcha and click "Search" to check your allotment status

Ajax Engineering IPO Subscription Status 

Ajax Engineering IPO received strong investor interest, being subscribed 6.06 times overall. Here is a category-wise breakdown of the subscription as of 5:04:50 PM on February 12, 2025:

• Retail Category: 1.94 times
• Qualified Institutional Buyers (QIB): 13.04 times
• Non-Institutional Investors (NII): 6.46 times
• Employees: 2.62 times

As of 5:04:50 PM
 

Utilization of IPO Proceeds 

As this is entirely an offer for sale, the company will not receive any proceeds from the IPO. The proceeds will go to the selling shareholders after deducting their respective portions of offer-related expenses and applicable taxes.

Ajax Engineering IPO - Listing Details 

The shares are scheduled to list on February 17, 2025, on BSE and NSE. The subscription rate of 6.06 times demonstrates strong investor confidence in Ajax Engineering's business model and growth prospects. The company has shown impressive financial performance with revenue of ₹794.16 crore and profit after tax of ₹101.02 crore for the period ended September 30, 2024. Their market leadership in the self-loading concrete mixer segment with 75+% market share, comprehensive product range, and strong distribution network position them well for continued growth in the construction equipment sector.