Ajax Engineering IPO: Value band for bidding is ultimate, ₹ 1269 crore concern will open from February 10 – INA NEWS

Ajax Engineering IPO: Ajax Engineering, which makes self-loading concrete mixer, has finalized the value band for its public concern. It’s stored at Rs 599-629 per share. The lot measurement is 23 shares. It’s scheduled to open on 10 February and can shut on 12 February. Anchor buyers will have the ability to bid on 7 February. After the closing of the problem, the allotment will probably be ultimate on February 13 and the itemizing of Ajax Engineering within the inventory market will probably be on 17 February.

The dimensions of the IPO is Rs 1,269.35 crore. The supply of two.02 crore fairness shares from the present shareholders will probably be on the market (offs). New shares is not going to be launched. Subsequently, after the IPO bills, the complete revenue of the IPO will go to the shareholders who promote the share.

Ajax Engineering makes many kinds 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.

Kedara will capital to exit the corporate

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 identical time, the one investor Kedara Capital Fund II LLP will get out of Ajax Engineering by promoting 74.36 lakh shares or 6.5 p.c.

WWORK India will carry IPO, filed papers to SEBI

E book working lead supervisor ICICI Securities, Citigroup International Markets India, JM Monetary, Nuwama Wealth Administration and SBI Capital Markets are dealing with public concern. Registrar Hyperlink is Inteime India. 50 p.c of the IPO is reserved for certified institutional patrons, 35 p.c for retail buyers and 15 p.c for non -institutional buyers.

Monetary standing of Ajax Engineering

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

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