IPO of Ajax Engineering from February 10, Kedara Capital will do exit by promoting full stake – INA NEWS

Ajax Engineering IPO: The IPO of Ajax Engineering, which produces self-loading concrete mixer, goes to open on 10 February. The corporate filed a crimson herring prospectus with the Registrar of Firms (ROC) on 4 February. Anchor will have the ability to make investments and bid on 7 February. The closing of IPO will likely be on 12 February. This will likely be adopted by the allotment on February 13 and the itemizing of Ajax Engineering within the inventory market will likely be on 17 February.

The IPO may have a suggestion on the market of two.01 crore fairness shares from the corporate’s present shareholders. New shares is not going to be launched. After the IPO bills, the total earnings of the IPO will go to the shareholders who promote the share.

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 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 p.c.

WWORK India will deliver IPO, filed papers to SEBI

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.

E-book working lead supervisor ICICI Securities, Citigroup World Markets India, JM Monetary, Nuwama Wealth Administration and SBI Capital Markets are dealing with public difficulty. Ajax Engineering has 4 assembling and manufacturing amenities in Karnataka. The corporate’s listed competitions embrace names comparable to motion development tools, BEML and Escorts Kubota.

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