Ajax Engineering, a top concrete equipment maker, is launching its IPO. Here’s what you need to know!

hey make self-loading mixers, batching plants, boom pumps, concrete pumps, and even 3D concrete printers.

Ajax sold 29,800+ units in India and has 51 dealerships, 34 service centers, and 114 touchpoints.

FY24 revenue hit ₹1,741.4 Cr, up from ₹1,151.1 Cr in FY23. EBITDA margins improved to 15.82%.

Issue opens Feb 10-12, 2025. Price band: ₹599-629 per share. Offer-for-sale of 2.01 Cr shares.

 IPO was subscribed 1.12x. QIBs: 33%, NIIs: 68%, RIIs: 56%. Demand was moderate.

The Grey Market Premium was ₹15 on Feb 11, showing a slight premium over the issue price.

 Allotment on Feb 13, refunds by Feb 14, shares in demat on Feb 14, listing on Feb 17 on BSE & NSE.

Since it's an offer-for-sale, all proceeds go to selling shareholders, not the company.

Ajax leads in self-loading mixers, has strong R&D, advanced manufacturing, and a vast dealer network.

Market volatility affects IPO performance. No fresh funds raised as it's an offer-for-sale.

Ajax IPO is a chance to invest in a market leader. Weigh risks and financials before investing!