Ajax engineering IPO day 3 subscription status: Ajax Engineering IPO investors have not given very good response. Lihal IPO has been subscribed to 200 percent by 2 pm on its third day. According to the official website of Bombay Stock Exchange, the IPO of Ajax Engineering has been filled by 2:30 pm on the third day of the opening of the subscription. On the first day, it was subscribed to 30 percent of the Kib and about 50 percent on the second day.
Ajax Engineering IPO: Which part is so full
The IPO of Ajax Engineering has been subscribed at 1.99 times till 2:30 pm on 12 February 2025. The IPO has a 35 percent stake reserve for retail investors and it is so far filled 0.79 times i.e. 69 percent. The IPO is a reserve for 50 percent quota for lawified institutional buyers and it is so far filled with 3.27 times or 327 percent. At the same time, 15 percent of the IPO is reserved for non -institutional investors and it is so far filled 2.41 times or 241 percent. Reserve part has received 2.19 times (219%) subscription for employees. In Ajax Engineering IPO, employees are getting a discount of Rs 59 on every stock.
Price band 599 to 629 rupees per share
The company’s IPO size is Rs 1,269.35 crore. That is, the company wants to raise Rs 1,269.35 crore through this IPO. In which only the shares are being sold through the offer for sale i.e. OFS. For IPOs, the company has fixed the price band 599 to 629 rupees per share. This IPO will get 23 shares in a lot. That is, retail investors will have to invest at least Rs 14,467 to invest. They can buy 13 lots i.e. 299 shares by applying a maximum of Rs 1,88,071.
Ajax Engineering IPO: Gmp
The craze is decreasing in the gray market regarding the IPO of Ajax Engineering. On February 12, the company’s unlisted stock is trading at a premium of Rs 10 in the gray market. The upper price band is 2 percent in terms of Rs 629. It was at a premium of Rs 50 before the IPO opened.
IPO: essential dates
Ajax Engineering IPO can be subscribed by 12 February. That is, today is its last day. The share allotment in the IPO is expected to be held on 13 February 2025. While the listing of IPOs can be on BSE and NSE on 17 February 2025.
What is the company’s financial status?
Talking about the financial status of Ajax Engineering, the company’s revenue was 1,780.07 crore in FY 2023-2024. During this time the company’s profit was 225.28 crores. For the first half of the current financial year i.e. April-September 2025, the company’s revenue is 794.16 crore and profit is 101.24 crores. In the market, Ajax Engineering competes with companies like Action Construction Equipment LTD, BEML (BEML LTD) and Escort Kubota LTD.
