Ajax Engineering IPO

About the company

Ajax Engineering, a leading concrete equipment manufacturer, specializes in slip-form concrete machines (SLCMs), batching plants, and boom pumps for infrastructure projects. Known for in-house innovations like SLCMs with load cell technology and self-propelled boom pumps, it drives R&D through TASC. With 51 dealerships across 23 Indian states and 25 international distributors, it serves contractors, rental firms, and government agencies. Holding 75-77% market share, Ajax outpaced market growth in stationary and boom pumps from FY22 to FY24.

Financial performance (₹ Cr)

Subscription breakup (final, times)

IPO Roadmap / Timeline

1. IPO Opens

   Completed
   10 Feb 2025

   Bidding starts for all investor categories

2. IPO Closes

   Completed
   12 Feb 2025

   Last day to place your bid

3. Basis of Allotment

   Completed
   13 Feb 2025

   Share allotment finalised

4. Refund Initiation

   Completed
   14 Feb 2025

   Refunds credited for non-allottees

5. Credit to Demat

   Completed
   14 Feb 2025

   Allotted shares credited to demat account

6. Listing on Exchange

   Completed
   17 Feb 2025

   Shares list on NSE / BSE

Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.