January 21, 2025
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Ajax Engineering IPO GMP, Details, Guidance, Subscription Status, allotment @ Chanakyanipothi.com
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Table of Contents
- GMP
- Reviews
- Subscription
- Allotment
What is the latest news relating to Ajax Engineering IPO?
The IPO has received sebi nod on 16 January 2025 and now the company is expected to announced dates and price band soon.
What is the latest GMP of Ajax Engineering IPO?
Click
Ajax Engineering IPO Subscriptions
Price Rs. ? Lot ? shares, Net Rs. ? Crore |
|||||
| QIB | B HNI X | S HNI X | NII X | RII X | Total X |
| Applications: / (?x) Amount wise Bids recd. Rs. ? Crore |
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What are the promoters of Ajax Engineering IPO?
THE PROMOTERS OF OUR COMPANY ARE KRISHNASWAMY VIJAY, JACOB JITEN JOHN, KALYANI VIJAY, MADHURI VIJAY, PRASHANTH VIJAY, RACHEL REKHA HANSEN, SAVITHA CHRISTEENA ALEXANDER, SEAN ALEXANDER, GREEN HAVEN TRUST, OHANA TRUST, JACOB HANSEN FAMILY TRUST AND THE JOHNS LOAVES TRUST
What are the Objects of Ajax Engineering IPO?
The Offer comprises only an Offer for Sale by the Selling Shareholders.
What is the business of Ajax Engineering?
Ajax Engineering is a leading concrete equipment manufacturer with a comprehensive range of concrete equipment, services and solutions across the concrete application value chain. As of March 31, 2024, it has developed over 110 concrete equipment variants catering to the concrete application value chain, and over the last ten years, it has sold over 27,800 concrete equipment in India
It is one of the three largest manufacturers of SLCMs in the world, with an approximately 75%, 77% and 86% market share in the SLCM market in India in terms of number of SLCMs sold during Financial Years 2024, 2023 and 2022, respectively. Moreover, during Financial Year 2024, 12% of the concrete production in India was through its SLCMs. It also continues to assist customers throughout the life of the equipment, and with that aim, it provides spare parts for the equipment sold by it and facilitate the provision of after-sales service by its dealers.
Infrastructure development is projected to propel the demand for mechanized concrete equipment in India and grow the industry from ₹61 billion (US$731 million) for the Financial Year 2024 to ₹178 billion (US$2,148 million) for the Financial Year 2029. The concrete equipment market in India, and in particular, the market for SLCMs, is experiencing significant growth on account of several factors, including an increase in cement consumption and an increase in public and private capital expenditure towards infrastructure, irrigation, housing and renewable power projects, leading to increased demand for construction materials and equipment.
In addition to its SLCM portfolio, it has a large and diverse range of non-SLCM equipment that cater to various aspects of the concrete production, transportation, placement and paving processes. Its non-SLCM product portfolio includes batching plants for concrete production, transit mixers for concrete transportation, boom pumps, concrete pumps, self-propelled boom pumps for concrete placement, and slip-form pavers. It has been steadily gaining market share in non-SLCMs, driven by its commitment to innovation and quality. Between Financial Years 2022 and 2024, its non-SLCM sales experienced a CAGR of 24.42%, reflecting its increasing presence in this market.
As of March 31, 2024, its dealer network comprised of 51 dealerships across 23 states in India, and it is accessible to its customers through 114 touchpoints, which comprise 51 dealer headquarters and 63 branches (of which, 34 also act as service centers) managed and operated by its dealers. This is the largest dealer network in terms of number of dealers and service touchpoints among leading concrete equipment manufacturing peers in India, as of March 31, 2024. In addition to its dealers in India, it has expanded its global reach with 25 dealers and distributors across South and Southeast Asia, the Middle East, and Africa, as of March 31, 2024.
For more information, click www.ajax-engg.com
Ajax Engineering IPO GMP, Particulars & Guidance
| Ajax Engineering IPO Details | |
| IPO opens on | ?, 2025 |
| IPO closes on | ?, 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Shares / Rs – Crore |
| * Fresh Issue | ? Shares / Rs – Crore |
| * Offer for Sale | 22,881,718 Shares / Rs ? Crore |
| Face Value per share: | Rs. 1 |
| Price Band | Rs. ? |
| Retail Discount | Rs 0 per share |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | ? Shares |
| Listing will at | BSE, NSE |
| Shares offered in this IPO? |
Shares | Rs. in Crore |
| QIB (50 %) | ||
| NII (15 %) | ||
| RII (35 %) | ||
| Employees | – | – |
| Total Shares | ||
| Retail portion will be oversubscribed by | ? Forms. | |
| How to apply in this IPO? | Amount Rs. |
|
| Min Retail Application | ||
| Max Retail Application | ||
| Small HNI (Min) application | Shares | |
| Small HNI (Max) application | Shares | |
| Big HNI Application | Shares | |
| What is the timetable of this IPO? | |
| IPO opens on | 2025 |
| IPO Closes on | 2025 |
| IPO Allotment on | 2025 |
| Unblocking of Asba | 2025 |
| Credit of Shares | 2025 |
| Listing of Shares | 2025 |
| Registered Office of the company 253/1, 11th Main Road, 3rd Phase, Peenya Industrial Area, Bengaluru 560 058, Karnataka, India |
|
| Who are the Lead Managers of Ajax Engineering IPO? ICICI Securities Ltd Citigroup Global Markets India Pvt ltd JM Financial Ltd Nuvama Wealth Management Ltd SBI Capital Markets Ltd |
|
| Registrar to IPO | |
| Link Intime India Pvt ltd |
| Ajax Engineering IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs. in Cr | Rs.in Cr | Rs. | % | |
| 2021-22 | 771.85 | 66.21 | 5.79 | 8.06 |
| 2022-23 | 1172.57 | 135.90 | 11.88 | 14.20 |
| 2023-24 | 1780.01 | 225.15 | 19.68 | 19.39 |
| Book Value of the Share on 31.03.2024 |
80.24 | |||
| BV of the Share after the IPO |
Rs. | ? | ||
| Offer Price at Cap | Rs. | |||
| Ajax Engineering IPO Ratio Analysis |
|
| Price /EPS | – |
| Price/Book Value Ratio | – |
| Price/BV after IPO | ? |
How Ajax Engineering IPO compares with the Peers?
Peer Comparison.
| As on date of DRHP | FV | Total | PE |
| Rs. | Income | Ratio of | |
| Rs. In Cr | |||
| Ajajx Engineering | 1 | 1780 | ? |
| Action Construction | 2 | 2991 | 45.38 |
| BEML ltd | 10 | 4096 | 58.07 |
| Escorts Kubota | 10 | 9248 | 39.49 |
# This is only coverage of News related to Grey Market. We do not deal in grey market premium, nor we recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Ajax Engineering IPO Guidance by Paresh Gordhandas, CA & Research Analyst.
Will post our review once the price band and time schedule are announced.
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