Ajax Engineering IPO Subscription: 4 instances subscribe until the final day, QIB put essentially the most bets – INA NEWS

Ajax Engineering IPO: Ajax Engineering IPO acquired the pale response of buyers for the primary two days. Nonetheless, by the final day, this public concern has been utterly subscribed. A complete of 4.38 instances the subscription has been acquired to this point. The IPO has acquired bids for a complete of 6.20 crore shares, whereas the supply has 1.41 crore shares. The value band for this IPO has been saved at Rs 599-629 per share. The lot measurement is 23 shares. Traders can have a chance to put money into it until 12 February.

Ajax Engineering IPO: Subscription associated particulars

Certified Institutional Consumers (QIB)- 11.51 instances

Retail Traders (RII) – 0.83 instances

Worker Reserve- 2.27 instances

Whole – 4.38 instances

(12 Feb 2025 | 03:06:00 pm)

About Ajax Engineering IPO

The dimensions of the IPO is Rs 1,269.35 crore. The supply of two.02 crore fairness shares from the present shareholders can be on the market (offs). New shares won’t be launched. Subsequently, after the IPO bills, the total earnings of the IPO will go to the shareholders who promote the share. After the closing of the problem, the allotment can be remaining on February 13 and the itemizing of Ajax Engineering within the inventory market can be on 17 February.

Ajax Engineering promoters Krishnaswamy Vijay, Kalyani Vijay, Jacob Jiten John, Jacob Henson Household Belief and Suzy John have launched 1.27 crore fairness shares on the market in OFS. On the similar time, the one investor Kedara Capital Fund II LLP will get out of Ajax Engineering by promoting 74.36 lakh shares or 6.5 %.

Ajax Engineering IPO’s newest gmp

Ajax Engineering can also be getting pale response within the grey market. This public concern right this moment 4 Buying and selling on a premium of rupee. In line with this, the corporate’s shares itemizing 633 The rupee is more likely to be at a worth. If this occurs then buyers are simply 0.64 There can be a revenue of share.

Ajax Engineering Enterprise

Ajax Engineering makes many forms of concrete tools. Promoters of the corporate are Krishnaswamy Vijay, Jacob Jiten John, Kalyani Vijay, Madhuri Vijay, Prashant Vijay, Rachel Rekha Henson, Savita Christina Alexander, Scene Alexander, Inexperienced Heaven Belief, Ohana Belief, Jacob Henson Household Belief and The John’s Laques Belief.

Ajax Engineering’s revenue in FY 2023-24 elevated by 65.7 % to Rs 225.1 crore. Income elevated by 51.3 % to Rs 1,741.4 crore. Throughout April-September 2024, the revenue elevated by 21.8 % to Rs 101 crore and the income elevated by 12.4 % to Rs 770 crore.

Disclaimer: Right here data supplied is being given just for data. It’s mandatory to say right here that the funding market available in the market is topic to dangers. All the time seek the advice of specialists earlier than investing cash as an investor. There’s by no means recommendation to anybody to speculate cash on behalf of Moneycontrol.