Ajax Engineering Limited, established in 1992, is a leading Indian manufacturer of concrete equipment, offering a comprehensive range of products and services across the concrete application value chain. The company’s product portfolio includes self-loading concrete mixers (SLCMs), concrete batching plants, transit mixers, stationary pumps, boom pumps, self-propelled boom pumps, and slip-form pavers.
Over the past decade, Ajax Engineering has developed over 141 concrete equipment variants and sold more than 29,800 units in India. citeturn0search6 As of September 30, 2024, the company held approximately 77% market share in the SLCM segment in India, underscoring its leadership in this category.
Headquartered in Bangalore, Karnataka, Ajax Engineering operates four specialized manufacturing facilities located in Obadenahalli, Gowribidanur, and Bashettihalli. citeturn0search8 The company has established a robust distribution network with 51 dealerships across 23 Indian states, encompassing 114 touchpoints, including 51 headquarters and 63 branches, 34 of which also function as service centers. Internationally, Ajax Engineering has expanded its presence with 25 dealers and distributors across South and Southeast Asia, the Middle East, and Africa.
Financially, for the fiscal year ending March 31, 2024, the company reported revenues of ₹1,780 crore and a profit after tax of ₹225 crore. citeturn0search8 Ajax Engineering’s shares are listed on the National Stock Exchange (NSE) under the ticker symbol ‘AJAXENGG’. citeturn0search2 The company’s market capitalization stands at approximately ₹6,738 crore, with a current share price of ₹588 as of March 3, 2025.
Despite its strong market position, Ajax Engineering’s shares experienced a challenging debut on the stock market, closing over 5% lower than the issue price of ₹629. citeturn0search5 Nonetheless, the company continues to focus on innovation and customer-centric solutions, reinforcing its leadership in the concrete equipment manufacturing industry.
Ajax Engineering Limited IPO Timetable
| Particular | Date |
| IPO Open Date | 10 Feb 2025 |
| IPO Close Date | 12 Feb 2025 |
| Allotment Date | 13 Feb 2025 |
| IPO Listing Date | 17 Feb 2025 |
Ajax Engineering Limited IPO Details
| Issue Type | Book Built Issue IPO |
| Face Value | Rs. 1 Per Equity Share |
| IPO Price | Rs. 629 Per Equity Share |
| Market Lot | 23 Share |
| ISIN Code | |
| Listing At | NSE & BSE |
| Issue Size | Approx. Rs. 1269 Crore. |
Ajax Engineering Limited IPO Lot Size
| Application | Lots | Shares | Amount |
| Minimum | 1 | 33 | Rs. 14467 |
| Maximum | 13 | 299 | Rs. 188071 |
| Small HNI (Minimum) | 14 | 322 | Rs. 202538 |
| Big HNI (Minimum) | 70 | 1610 | Rs. 1012690 |
Ajax Engineering Limited IPO Allotment Status
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Company Financials :
| Particular | 31 March 2024 | 31 March 2023 | 31 March 2022 |
| Total Assets | 1236.14 | 966.73 | 735.31 |
| Total Revenue | 1780.07 | 1172.57 | 771.85 |
| Profit After Tax | 225.15 | 135.90 | 66.21 |
Company Promoters:
The Promoters of the 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.
Objects of this Issue:
Registrar & Company Details
| Company Contact Information | IPO Registrar |
| Ajax Engineering Limited 253/1, 11th Main Road 3 rd Phase, Peenya Industrial Area Bengaluru 560058 Phone: +91 82 96336111 Email: complianceofficer@ajax-engg.com Website: https://www.ajax-engg.com/ | Link Intime India Private Ltd Phone: +91-22-4918 6270 Email: ajaxengineering.ipo@linkintime.co.in Website: https://linkintime.co.in/Initial_Offer/public-issues.html |
