The Ajax Engineering IPO GMP, a book-built issue aiming to raise ₹1,269.35 crores, will open for public subscription on February 10, 2025, and close on February 12, 2025. The Ajax Engineering IPO price band is set at ₹599 to ₹629 per share, with a tentative listing date of February 17, 2025, on BSE and NSE. The Ajax Engineering IPO GMP in February 2025 stands at ₹356, indicating strong demand. Retail investors can apply for a minimum lot size of 23 shares, amounting to ₹14,467.
Ajax Engineering IPO Details
| Particulars | Details |
|---|---|
| Ajax Engineering IPO Open Date | February 10, 2025 |
| Ajax Engineering IPO Close Date | February 12, 2025 |
| Ajax Engineering IPO Issue Size | ₹1,269.35 Crores (Offer for Sale) |
| Ajax Engineering IPO Price Band | ₹599 – ₹629 per share |
| Ajax Engineering IPO Lot Size | 23 Shares (₹14,467 per lot) |
| Ajax Engineering IPO Listing Date | February 17, 2025 (BSE, NSE) |
| Ajax Engineering IPO Face Value | ₹1 per share |
| Ajax Engineering IPO GMP (as of Feb 5, 2025) | ₹356 |
About Ajax Engineering IPO
Ajax Engineering Limited is one of India’s top manufacturers of concrete equipment, offering 141+ variants and having sold 29,800+ units over the past decade. Their diverse product portfolio includes:
- Self-Loading Concrete Mixers (SLCMs)
- Batching Plants
- Transit Mixers
- Pumps
- Slip-Form Pavers
- 3D Concrete Printers
The company has a strong dealer network, with 51 dealerships and 114 touchpoints in India, along with 25 global distributors.
Ajax Engineering IPO Price & Financials
| Metrics | Pre-IPO | Post-IPO |
| Earnings Per Share (EPS) | ₹19.68 | ₹17.66 |
| P/E Ratio | 31.96x | 35.62x |
Compared to competitors like BEML Limited and Escorts Kubota Ltd, the Ajax Engineering IPO price appears fairly valued.
Ajax Engineering IPO GMP & Listing Price Expectation
The Ajax Engineering IPO GMP in February 2025 is ₹356, suggesting strong demand. The Ajax Engineering IPO listing price could be significantly higher than the issue price, but GMP is volatile and should not be the sole factor in investment decisions.
Ajax Engineering IPO Review: Is It Good or Bad?
Reasons to Invest in Ajax Engineering IPO
✅ Market Leadership – Ajax dominates the self-loading concrete mixer (SLCM) market.
✅ Strong Growth & Profitability – Consistent revenue and profit growth.
✅ Global Expansion – Expanding its international footprint.
✅ Diversified Product Portfolio – Covers various infrastructure needs.
✅ Low Debt – Ensuring financial stability.
Risks to Consider for Ajax Engineering IPO
❌ Offer for Sale – No fresh issue, meaning the company won’t receive any direct funds.
❌ Industry Cyclicality – Any slowdown in construction may impact sales.
❌ Raw Material Costs – Fluctuations can affect profit margins.
❌ Competition – Faces domestic and international competitors.
❌ Government Regulations – Construction sector depends on policy changes.
How to Apply for Ajax Engineering IPO?
You can apply via ASBA (Application Supported by Blocked Amount) through net banking or UPI-based apps like Zerodha, Upstox, Groww, and other brokers.
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