Exchanges
BSE, NSE
Issue
Book building

Ajax Engineering IPO

₹595.40

−5.34% on listing

Listing-day close · NSE · 17 Feb 2025 · issue price ₹629

Ajax Engineering’s ₹1,269 crore IPO was priced at ₹629 a share. It listed on the NSE on 17 Feb 2025 and closed its first day at ₹595.40, down 5.34% on the issue price.

Timeline

  1. Opens
  2. Closes
  3. Allotment
  4. Refunds
  5. Shares in demat
  6. Listing

Issue details

Issue size
₹1,269 Cr
Fresh issue
—
Offer for sale
₹1,269 Cr
Lot size
23 shares
Minimum investment
₹14,467
Face value
₹1
Registrar
MUFG Intime India

Subscription

Ajax Engineering IPO subscription by investor category
CategoryShares offeredTimes subscribed
Total—4.84×

Overall, from the basis of allotment.

Financials and valuation

Market cap (post-issue)
₹7,196 Cr
P/E (post-issue)
35.6
EPS (post-issue)
₹17.66
Price to book
7.8
ROE
24.53%
ROCE
32.82%
Debt to equity
0.01
PAT margin
12.65%
Promoter holding
93.50% → 80.00%

Financials as of 31 Mar 2024, from the offer documents.

Listing

Listing date
17 Feb 2025
Issue price
₹629
Open
₹576.00
High
₹609.00
Low
₹566.00
Close
₹595.40

Listing day on the NSE. The close was −5.34% on the issue price.

AJAX ENGINEERING share price today

FAQs

When did the Ajax Engineering IPO open and close?

It opened on 10 Feb 2025 and closed on 12 Feb 2025.

What was the Ajax Engineering IPO price?

The price band was ₹599–629 a share. The final issue price was ₹629.

What is the lot size and minimum investment?

One lot is 23 shares, ₹14,467 at ₹629 a share. Retail investors apply in whole lots.

How much did Ajax Engineering raise?

₹1,269 crore: ₹1,269 crore offered by existing shareholders.

How many times was the Ajax Engineering IPO subscribed?

4.84 times overall.

How did Ajax Engineering list?

It listed on the NSE on 17 Feb 2025 at ₹576.00 and closed the day at ₹595.40, down 5.34% on the ₹629 issue price.

Who is the registrar of the Ajax Engineering IPO?

MUFG Intime India handles the allotment, refunds and credit of shares.

For information only. Not investment advice or a research report.

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