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Ajax Engineering Ltd.

AJAXENGG

Equity

BSE,NSE

Min. Investment

5,99,000.00

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IPO Details

Bidding Dates

10 Feb 25 - 12 Feb 25

Price Range ₹

599 - 629

Total Equity

890.03Cr

Lot Size

23

Exchange Status

BSE,NSE

IPO Doc

Subscription Rate

Non-Institutional Investor

1.93×

Qualified Institutional Buyers

14.41×

Employees

2.62×

Retail Investors

1.93×

Total subscription Rate

6.45×

IPO Timeline

Offer start

10 Feb 2025

Offer end

12 Feb 2025

Allotment

13 Feb 2025

Refund initiation

14 Feb 2025

Demat transfer

14 Feb 2025

Listing

17 Feb 2025

About Company

Incorporated in 1992, Ajax Engineering Limited is a leading manufacturer of a diverse range of concrete equipment, serving the construction industry with innovative solutions. The company has a strong track record, with over 29,800 units sold in India in the last decade. With a focus on research and development, Ajax has developed 141 equipment variants and continues to innovate through its dedicated team of 79 engineers. The company maintains a robust distribution network with 51 dealerships across India and an expanding international presence with 25 dealers in key markets. Ajax operates four manufacturing facilities in Karnataka, strategically located to serve its customers efficiently. The company also provides comprehensive after-sales service through a dedicated team of 85 service professionals, ensuring customer satisfaction and long-term relationships. Key improvements in this version: Conciseness: The text is more concise and easier to read. Clarity: Key information is presented in a clear and organized manner. Emphasis on strengths: Highlights key strengths like product innovation, strong distribution, and customer service. Professional tone: Maintains a professional and informative tone.

Year Founded

03-07-1992

Promotor Details

Krishnaswamy Vijay

Promoter Holdings Details

ParticularPre-IPOPost-IPO
Percentage91.1480
Share Capital10426729791523651

Offer to Public

1,41,49,997.00 Cr

Project Details

  • None - Nonecr

Highlights

  • Ajax Engineering has a well-established market position in the construction equipment industry, backed by decades of experience.
  • The company offers a wide range of concrete equipment, including self-loading concrete mixers, batching plants, transit mixers, and slip-form pavers, catering to various infrastructure and real estate projects.
  • State-of-the-art facilities with automation and stringent quality control systems ensure high efficiency and consistent product standards.
  • A well-developed business model allows strong partnerships with contractors, government projects, and infrastructure developers, ensuring a steady revenue stream.
  • India's expanding infrastructure sector, supported by government initiatives like Smart Cities, Bharatmala, and PM Awas Yojana, provides significant growth potential.

Challenges

  • The company operates in a highly competitive construction equipment industry, facing challenges from both domestic and international players, which could affect market share and profitability.
  • A significant reliance on government infrastructure initiatives means that any slowdown in public sector investments or policy changes could reduce demand for its products.
  • Fluctuations in the prices of essential materials like steel could increase production costs, impacting profit margins.
  • Disruptions in the procurement of parts and logistical challenges may lead to delays in production schedules and deliveries.
  • A downturn in the economy or reduced infrastructure spending could result in lower order volumes and revenue fluctuations.

Financials

YearsTotal AssetsShare CapitalProfit After TaxConsolidated Net ProfitAdjusted EPS
20195,076.3428.60998.26998.268.726
201850,971.05325.001,559.761,559.7613.6343
20205,539.3228.6017,390.7817,390.7813.3775
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