Last Updated:
Ajax Engineering IPO GMP Today: The mainboard issue witnessed a tepid demand from investors with an overall oversubscription of 6.45 times by the end of the third day.
Ajax Engineering IPO: Price, GMP, Lot Size & Everything You Need to Know
Ajax Engineering IPO GMP Today: The three-day subscription window for Ajax Engineering IPO closed on Wednesday, February 12, 2025. The mainboard issue witnessed a tepid demand from investors with an overall oversubscription of 6.45 times by the end of the third day. As the allotment of the IPO has been completed on Thursday, February 13, 2025, all eyes are shifted towards the Grey Market Premium (GMP) of the IPO ahead of the market debut.
Will the market’s volatility result in a quiet listing or a big launch for the Ajax Engineering IPO?
Ajax Engineering IPO GMP
Ajax Engineering IPO’s GMP has declined following the completion of the allotment. The current GMP is in the range of Rs 4-6 according to the websites tracking the grey market premium. This reflects a muted listing on the bourses on Monday, February 17, 2025 (tentative).
Ajax Engineering IPO Allotment Status
Those who have applied for the IPO during the opening window can check either on its official registrar Link Intime Private or BSE Allotment Status Page.
Ajax Engineering IPO Allotment Status On BSE:
Step 1: Login to https://www.bseindia.com/investors/appli_check.aspx
Step 2: Fill up the fields like issue type, issue name, application number or PAN No.
Step 3: Click submit to find out if you have been allotted shares or not.
Ajax Engineering IPO Details
The bidding for Ajax Engineering IPO commenced on February 10, 2025 and closed on February 13, 2025. The company is raising of Rs 1269.35 crore from the entirely offer for sale issue.
The price band is set at Rs 629 per share. It translates to a minimum investment of Rs 13,777 with one lot containing 23 shares. There’s an employee discount of Rs 59 per share.
Ajax Engineering IPO raised Rs 379.32 crore from anchor investors on February 07, 2025.
Ajax Engineering Limited manufactures a wide range of concrete equipment and services across the value chain. It was established in 1992.
Disclaimer: The views and investment tips by experts in this News18.com report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions.
