Ajax Engineering IPO Subscription: Traders’ pale response on the primary day, to this point simply 16% subscribe – INA NEWS
Ajax Engineering IPO: The IPO of Ajax Engineering making self-loading concrete mixer is getting pale response from buyers. To this point this concern has been subscribed at 0.16 occasions the primary day of subscription. It has acquired bids for a complete of twenty-two.77 lakh shares, whereas the provide has 1.41 crore shares. The worth band for this IPO has been saved at Rs 599-629 per share. The lot dimension is 23 shares. Traders could have a possibility to spend money on it until 12 February.
Ajax Engineering IPO: Subscription associated particulars
Certified Institutional Consumers (QIB)- 0.00
Non -Insitial Traders (NII) – 0.19 occasions
Retail Traders (RII) – 0.24 occasions
Worker Reserve- 0.46 occasions
Whole – 0.16 occasions
(10 Feb 2025 | 03:09:00 pm)
About Ajax Engineering IPO
The dimensions of the IPO is Rs 1,269.35 crore. The provide of two.02 crore fairness shares from the present shareholders will likely be on the market (offs). New shares is not going to be launched. Due to this fact, after the IPO bills, the complete revenue of the IPO will go to the shareholders who promote the share. After the closing of the problem, the allotment will likely be last on February 13 and the itemizing of Ajax Engineering within the inventory market will likely 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 is buying and selling at a premium of Rs 31 right this moment. Accordingly, the corporate’s shares are prone to be on the worth of Rs 660. If this occurs, buyers could have a revenue of solely 4.93 %.
Ajax Engineering Enterprise
Ajax Engineering makes many varieties of concrete gear. 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 info offered is being given just for info. It’s needed 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 may be by no means recommendation to anybody to take a position cash on behalf of Moneycontrol.
Ajax Engineering IPO Subscription: Traders’ pale response on the primary day, to this point simply 16% subscribe
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