Shares of Ajax Engineering Ltd made a weak debut on the National Stock Exchange (NSE), listing at Rs. 576 per share, 8.43% lower than the ajax engineering ipo issue price of Rs. 629. The listing reflects market sentiment and investor response post-IPO subscription.
Ajax Engineering Share Price Debuts at 8.4% Discount to IPO Price on NSE – Live Updates
Stay tuned for real-time updates on stock performance, market reactions, and expert insights as Ajax Engineering share price navigates its first trading session.
| Time | Event | Details |
|---|---|---|
| 10:02 AM | Ajax Engineering stock lists lower on BSE | Shares listed at ₹593, a 5.72% discount to the issue price of ₹629. |
| 10:00 AM | Ajax Engineering stock lists at a discount on NSE | Shares listed at ₹576, an 8.43% discount to the issue price of ₹629. |
| 09:47 AM | Pre-open trade settlement | Stock settled at ₹576, down 8.43% from the IPO price on NSE. |
| 09:40 AM | Employee quota details | 78,947 shares reserved for employees at a ₹59 discount, with 88% subscription. |
| 09:32 AM | IPO Timeline | – Subscription: Feb 10-12 – Allotment: Feb 13 – Refund Initiation: Feb 14 – Listing: Feb 17 |
| 09:23 AM | Book-running lead managers | – ICICI Securities Ltd. – Citigroup Global Markets India Pvt. Ltd. – JM Financial Ltd. – Nuvama Wealth Management Ltd. – SBI Capital Markets Ltd. |
| 09:16 AM | IPO Lot Size | Minimum application: 23 shares worth ₹14,467 (cutoff price). |
| 09:10 AM | IPO Price Band | ₹599 – ₹629 per share. |
| 08:58 AM | IPO Allotment Finalization | Finalized on Feb 13, details available on NSE, BSE, and Link Intime India portals. |
| 08:46 AM | Retail investor subscription | Subscribed 1.93 times (1,35,63,767 shares vs. 70,35,525 shares reserved). |
| 08:45 AM | Overall Subscription | Subscribed 6.45 times (9,12,11,951 shares vs. 1,41,49,997 shares offered). |
| — | Listing Date | Shares listed on NSE & BSE on Feb 17. |
