Ajax Engineering IPO!
The much-anticipated Ajax Engineering IPO has reached a crucial milestone with the announcement of share allotment. As investors eagerly await the listing, let’s dive into the latest updates, including how to check your application status, the current Grey Market Premium (GMP), and what to expect on listing day.
Table of Contents
Ajax Engineering IPO: Key Highlights
| Aspect | Details |
| IPO Date | February 10-12, 2025 |
| Price Band | ₹599 – ₹629 |
| Allotment Date | February 13, 2025 |
| Refund Initiation | February 14, 2025 |
| Credit of Shares | February 14, 2025 |
| Listing Date | February 17, 2025 |
| Latest GMP | ₹0 (as of Feb 15, 2025) |
How to Check Your Allotment Status?
Investors can check their application status through multiple platforms:
- BSE Website:
Visit BSE Allotment Status - NSE Website:
Check at NSE IPO Verification - Registrar Website (Link Intime):
Access Link Intime Public Issues
Grey Market Premium (GMP) Insights
As of February 15, 2025, the Grey Market Premium for Ajax Engineering IPO stands at ₹0. This indicates a potential flat listing, with the estimated listing price aligning with the upper price band of ₹629. While the GMP suggests a neutral market sentiment, it’s crucial to remember that GMP is not an official metric and can be volatile.
Company Overview: Ajax Engineering Ltd.
Ajax Engineering has positioned itself as a leader in the concrete equipment manufacturing sector. Here’s what makes them stand out:
- Market Leadership: Holds 77% market share in self-loading concrete mixers (1HFY25)
- Diverse Product Portfolio: Offers 141+ concrete equipment solutions
- Strong Financial Growth: Achieved 51% revenue CAGR between FY22-FY24
- Debt-Free Status: Maintains a healthy financial position
- Extensive Network: Serves 19,000+ customers through 51 dealerships across India
Valuation and Financial Performance
According to SBI Securities, Ajax Engineering is valued at:
- FY24 P/E multiple: 32.0x
- EV/EBITDA multiple: 25.9x
The company has demonstrated robust financial growth:
- Revenue CAGR (FY22-FY24): 51.0%
- EBITDA CAGR (FY22-FY24): 74.5%
- PAT CAGR (FY22-FY24): 84.4%
What to Expect on Listing Day
With the current GMP indicating a flat listing, investors should temper their expectations for immediate gains. However, Ajax Engineering’s strong market position and financial performance could potentially drive long-term value. The listing on February 17, 2025, on both BSE and NSE will be closely watched by market participants.
Investor Takeaways
- Check Allotment Status: Use the provided links to verify your share allotment.
- Stay Informed: Keep an eye on the GMP trends leading up to the listing date.
- Long-Term Perspective: Consider the company’s fundamentals and growth potential beyond the initial listing performance.
As always, investors are advised to conduct thorough research and consult financial advisors before making investment decisions.
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FAQs
Q: What does a Grey Market Premium of ₹0 indicate for Ajax Engineering IPO?
A: A GMP of ₹0 suggests that the grey market expects the stock to list at its offer price, indicating a neutral sentiment. However, actual listing performance can differ from grey market predictions.
Q: How significant is Ajax Engineering’s market share in the concrete equipment sector?
A: Ajax Engineering holds a dominant 77% market share in the self-loading concrete mixers segment as of 1HFY25, indicating strong market leadership and potential for sustained growth in the infrastructure and construction sectors.
Remember, while IPOs can be exciting investment opportunities, they also come with risks. Always align your investment decisions with your financial goals and risk tolerance.
