Ajax Engineering Limited

  • Minimum Investment
    ₹13,777
  • Price Range
    ₹599 - ₹629
  • Issue Size
    ₹1,269.35 Cr
  • Lot Size
    23 shares

Proceeds of this IPO to be used for

Achieve the benefits of listing equity shares on the stock exchanges

Carry out the offer for sale of up to 22,881,718 equity shares 

Download RHP DocumentGet more in-depth details about this IPO.

Strengths & Weaknesses of Ajax Engineering Limited

Leading concrete equipment company

The company is a leading concrete equipment manufacturer, offering a wide range of products and services across the concrete application value chain. Its portfolio includes SLCMs (Self Loading Concrete Mixers), batching plants, transit mixers, boom pumps, concrete pumps, slip-form pavers, and 3D concrete printers

Large dealer network

The company uses a dealer-led distribution model with over 51 dealerships across 23 states in India as of September 30, 2024, providing 114 touchpoints, including 63 branches, 34 of which also serve as service centres. This is the largest dealer and service network among leading concrete equipment companies in India

Market leader in the SLCM market

The company is among the three largest SLCM manufacturers globally, holding approximately 77% market share in India in 2024. SLCMs have a wide range of applications and are used across India, according to available after-sales data. The company has sold over 25,000 SLCMs in India in the last 10 years, the highest among leading concrete equipment manufacturers.

Dependent on self-loading concrete mixers

The company derives a significant majority of its revenue from the sale of self-loading concrete mixers, accounting for 85.1% of revenue from operations in FY24. A decline in sales of self-loading concrete mixers or a decrease in demand for concrete equipment in India could negatively impact the company’s business, operational results, financial condition, and cash flow

Seasonal industry trends

The concrete equipment industry in India is cyclical and driven by government infrastructure spending. Demand, primarily from public sector investments, fluctuates with budgets and policies. It is seasonal, dipping during the July-August monsoon and rising from October to fiscal year-end, causing quarterly sales and profitability variations.

Regional risks

As of September 30, 2024, the company operates four assembling and manufacturing facilities, with one more under construction, all located in Karnataka. This concentration exposes the business to regional risks such as infrastructure disruptions, natural disasters, workforce issues, economic changes, civil unrest, regulatory shifts, and local government policies

Financials

Earnings Per Share

Earnings Per Share (EPS) is calculated by dividing a company’s net income by its average number of outstanding shares.

No Data

Balance Sheet

A financial statement that provides details about a company’s assets, liabilities, and shareholders’ equity at a given point in time.
Particulars (In Cr)Y/Y Change
Total Current Assets--
Total Non-Current Assets--
Fixed assets--
Total assets--
Total Current Liabilities--
Total Non-Current Liabilities--
Total Capital Plus Liabilities--
Total Shareholder Funds--
Total Debt to Equity--

Cash Flow

The net amount of cash or cash equivalents being transferred in and out of a company for a specified period of time. Cashflow stems from operating, investing and financing activities.
Particulars (In Cr)Y/Y Change
Cash from Operating Activity--
Cash from Financing Activities--
Cash from Investing Activities--
Net Cash Flow--

About Ajax Engineering Limited

Ajax Engineering Ltd. was incorporated on July 3, 1992. It is a leading concrete equipment manufacturer, offering a wide range of products and services across the concrete application value chain. The company has built a comprehensive portfolio, including self-loading concrete mixers, batching plants, transit mixers, concrete pumps, boom pumps, slip-form pavers, and 3D concrete printers.
  • Promoter
    Krishnaswamy Vijay
  • Promoter
    Jacob Jiten John
  • Promoter
    Kalyani Vijay
  • Promoter
    Madhuri Vijay
  • Promoter
    Prashanth Vijay
  • Promoter
    Rachel Rekha Hansen

Ajax Engineering Limited IPO FAQs

What is Ajax Engineering Limited IPO?

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Ajax Engineering Limited IPO refers to the initial public offering of shares by Ajax Engineering Limited. It is a process by which the company offers its shares to the public for the first time, allowing individuals to become shareholders.

What is the issue size of Ajax Engineering Limited IPO?

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For Ajax Engineering Limited IPO the issue size is ₹1,269 Cr. The issue size is the total value of the shares offered to the public. It represents the amount the company aims to raise through the IPO.

What is the minimum investment amount for the Ajax Engineering Limited IPO?

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For Ajax Engineering Limited IPO the minimum investment is ₹13,777. The minimum investment for Ajax Engineering Limited IPO is the smallest amount an individual can invest to participate in the offering. It is usually determined by the company and regulatory requirements.

What is the lot size of Ajax Engineering Limited IPO?

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For Ajax Engineering Limited IPO the lot size is 23 shares. The lot size of Ajax Engineering Limited IPO refers to the number of shares that investors need to bid for and purchase in a single transaction. It is predetermined by the company and regulators.

How to apply for Ajax Engineering Limited IPO on Share.Market?

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To apply for Ajax Engineering Limited IPO on Share.Market, go to the home page section and click/press on the browse IPOs section to view the open and upcoming IPOs. Select the Ajax Engineering Limited IPO from the list and click on apply now. Place your bids or choose the Cut-off Price option. Enter your UPI ID and set up your mandate to place your application.

Can I pre-apply for Ajax Engineering Limited IPO?

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Yes, investors can often pre-apply for some of the IPOs. Pre-application allows individuals to express their interest in participating in the IPO before the official subscription period begins. To pre- apply for Ajax Engineering Limited IPO on Share.Market, go to the home page section and click/press on the browse IPOs section to view the open and upcoming IPOs. Select the IPO from the list and click on pre-apply now. Once the IPO opens for subscription you can enter your UPI ID and set up your mandate to place your application.

How many days is the IPO application window open?

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The IPO application window typically remains open for 3 days, starting from the date of the IPO opening. However, this duration can vary depending on the specific IPO and the regulatory requirements.

Till what time can I apply for an IPO on the last day on Share.Market?

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You can apply for the IPO till 3 PM on the last day of application on Share.Market.

What is the allotment date of Ajax Engineering Limited IPO?

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For Ajax Engineering Limited IPO the allotment date is February 13, 2025. The allotment date of Ajax Engineering Limited IPO is the date on which shares are allocated to the successful bidders. It marks the distribution of shares to investors.

What are the open and close dates of Ajax Engineering Limited IPO?

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For Ajax Engineering Limited IPO, the subscription opens on February 10, 2025 and closes on February 12, 2025. The open and close dates of an IPO indicate the period during which investors can submit their bids to participate in the offering.
Bidding Ongoing
-
Total Subscription
6.43x Oversubscribed
Bidding Ongoing
-
Total Subscription
6.43x Oversubscribed