Ajax Engineering IPO Day 1 GMP Update Today (February 10): The Ajax Engineering IPO auction opens today, February 10, 2025, and will run until February 12, 2025. This IPO is based on a book-building approach and will raise Rs 1,269.35 crore. The whole transaction comprises of an offer to sell 2.02 crore shares. The share allotment is expected to be completed by Thursday, February 13, 2025. Ajax Engineering is planned to make its BSE and NSE debut on Monday, February 17, 2025.
- 11:17:44 AM, 10 February 25.
Eicher Motors Stock Price Live Updates: Trading Insights
Eicher Motors is presently selling at Rs 5386.95, up 0.27% today. The stock has provided remarkable three-year returns of 103.65%.
- February 10, 2025, 11:22 IST.
Income Tax Bill Live: When did PM Modi’s Cabinet approve the bill?
On Friday, February 7, the Union Cabinet, chaired by Prime Minister Narendra Modi, approved the law. After its introduction, a parliamentary standing committee will review it before returning it to the Cabinet for ultimate approval.
- February 10, 2025 / 11:01 IST
Ajax Engineering IPO Day 1 GMP Live: What is the status of subscription so far
- Qualified Institutional Buyers (QIBs) — 0.00 times
- Non Institutional Investors(NIIS) — 0.06 times
- Retail Individual Investors (RIIs) — 0.10 times
- Employee Reserved — 0.16 times
- Total — 0.06
- February 10, 2025, 10:53 IST.
Ajax Engineering IPO Day 1 GMP Live: What is the purpose of the public offering?
The Company will not receive any proceeds from the Offer. Instead, the proceeds of the Offer for Sale will be transferred to the Selling Shareholders after deducting their respective share of Offer-related expenditures and taxes.
Ajax Engineering IPO Day 1 GMP Live: What are strengths of Ajax Engineering
- Market Leader in the rapidly expanding self-loading concrete mixer (SLCM) segment.
- Comprehensive Product Portfolio, offering a wide range of concrete equipment, services, and solutions across the concrete application value chain.
- Strong In-House Capabilities in design, development, and engineering.
- Technology-Driven Manufacturing, utilising advanced assembly processes and a robust supplier network.
- Extensive Dealer Network with a well-established distribution model.
- Diverse Customer Base, fostering long-term relationships within the concrete equipment industry.
- Experienced Leadership, backed by a skilled and knowledgeable team.
- February 10, 2025, 09:55 IST.
Ajax Engineering IPO Day 1 GMP Live: Check out the whole portfolio.
Ajax Engineering Limited supplies a wide range of concrete equipment, such as self-loading concrete mixers, batching plants, transit mixers, boom pumps, concrete pumps, self-propelled boom pumps, slipform pavers, and 3D concrete printers. To serve its wide dealer network, the corporation maintains a dedicated service staff of 85 workers as of September 30, 2024. This team consists of coordinators, managers, experts, and customer service executives who work together to provide smooth customer assistance and effective service operations.
- February 10, 2025, 09:43 IST.
Business news live: CNBC-TV18 says that Fin Min would examine the Oil Ministry’s demand for LPG compensation. - Fin Min To Investigate Oil Ministry’s LPG Compensation Demand
- FinMin To Reveal Amount Sought For Compensating OMCs’ LPG Losses
- The Oil Ministry has sought Rs 35,000 crore in cash compensation for OMC LPG losses.
- February 10, 2025, 09:35 IST.
Nirmala Sitharaman is going to propose a new income tax bill in Lok Sabha today.
Union Finance Minister Nirmala Sitharaman is expected to propose the New Income Tax Bill in the Lok Sabha today. The new bill is intended to replace the 60-year-old Income Tax Act. Sitharaman told the reporters on Saturday that she intends to submit the Bill in Parliament soon.
- February 10, 2025, 09:09 IST.
The rupee opened at a record low of 87.92/$, compared to Friday’s close of 87.43/$. Rupee opens at a record low of 87.92/$, compared to Friday’s close of 87.43/$
- February 10, 2025, 09:05 IST.
Ajax Engineering IPO Day 1 GMP Live: What You Should Know About Ajax Engineering – Company Profile
Ajax Engineering Limited, founded in July 1992, manufactures a wide range of concrete equipment and offers services throughout the value chain.
By September 30, 2024, the business had created 141 concrete equipment variations and sold more than 29,800 units in India over the previous decade.
The design, engineering, and development team consists of 79 full-time individuals, accounting for roughly 15.96% of the entire workforce.
Ajax Engineering has four manufacturing sites in Karnataka, including Obadenahalli, Gowribidanur, and Bashettihalli, with the Obadenahalli complex playing an important part in production.
The firm has a large network of 51 dealerships throughout 23 states in India, with 114 touchpoints, including 51 headquarters and 63 branches, 34 of which also serve as service centers.
Ajax Engineering has a substantial presence in foreign markets outside of India, with 25 dealers and distributors throughout South and Southeast Asia, the Middle East, and Africa.
By By September 30, 2024, the firm had delivered concrete equipment and replacement parts to over 15,700 clients.
- February 10, 2025, 08:51 IST.
Ajax Engineering IPO Day 1 GMP Live: What occurred during the anchor investor round?
Ajax Engineering’s IPO raised Rs 379.32 crore from anchor investors, with the anchor bidding taking place on February 7, 2025.
- February 10, 2025, 08:49 IST.
Ajax Engineering IPO Day 1 GMP Live: Who are the Promoters?
The company’s promoters include 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.
- February 10, 2025, 08:48 IST.
Who are the book-running lead managers for the Ajax Engineering IPO?
ICICI Securities Limited, Citigroup Global Markets India Private Limited, JM Financial Limited, Nuvama Wealth Management Limited, and SBI Capital Markets Limited are the book-running lead managers for the Ajax Engineering IPO, with Link Intime India Private Ltd acting as the registrar.
- February 10, 2025, 08:46 IST.
Ajax Engineering IPO Day 1 GMP Live: What is the pricing range for Ajax Engineering IPO?
The Ajax Engineering IPO price band is from Rs 599 to Rs 629 per share. Investors must apply for a minimum lot of 23 shares. For retail investors, the minimum investment is Rs 14,467. Meanwhile, sNII investors must apply for at least 14 lots (322 shares), totaling Rs 2,02,538, while bNII investors require a minimum of 70 lots (1,610 shares), totaling Rs 10,12,690.
