Ajax Engineering Share Price Rises 1.53% to ₹584.80 on Listing Day

Ajax Engineering IPO opened for subscription on February 10, 2025 and closed on February 12, 2025.

It was a book-built issue of ₹1,269.35 crore. The issue was totally an offer for sale of 2.02 crore shares. The Ajax Engineering IPO price band was set at ₹629 per share.

On Day 3 of subscription, February 12, as of 5:04 PM, Ajax Engineering IPO was subscribed 6.06 times. QIBs subscribed 13.04x, NIIs subscribed 6.46x, and retail investors subscribed 1.94x.

The share allotment was finalised on Thursday, February 13, 2025, and the shares were listed on BSE and NSE on February 17, 2025.

Ajax Engineering Share Price

On the listing day, on the NSE, Ajax Engineering share price opened at ₹576.00, down from its issue price of ₹629.00. At 10:37 AM, the share price was trading at ₹584.80, up by 1.53% from its opening price of ₹576.00. As of the same time, the stock touched its day’s high at ₹594.00. The company’s market cap was ₹6,691.08 crore.

On the BSE, at 10:41 AM, Ajax Engineering share price was trading at ₹581.40, up by 1.96% from its opening price of ₹593.00 and 7.57% up from its issue price of ₹629.00.

About Ajax Engineering Limited

Ajax Engineering is a manufacturer of concrete equipment, offering a comprehensive range of equipment, services, and solutions across the concrete application value chain. As of September 30, 2024, the company has developed over 141 concrete equipment variants catering to various applications in the concrete value chain. Over the past decade, it has sold more than 29,800 units of concrete equipment in India. With 32 years of experience, the company boasts a wide product portfolio, including self-loading concrete mixers (SLCMs), batching plants for concrete production, transit mixers for transportation, boom pumps, concrete pumps, self-propelled boom pumps, slip-form pavers, and 3D concrete printers for concrete deposition.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.