Question 1

What is the Ajax Engineering Limited IPO?

Accepted Answer

The Ajax Engineering Limited IPO is a mainboard Initial Public Offering where Ajax Engineering Limited is offering its shares to the public for the first time. The total issue size is ₹1,257.24 Cr with a price band of ₹599-629. This allows retail and institutional investors to become shareholders in the company.

Question 2

When will Ajax Engineering Limited IPO open?

Accepted Answer

The Ajax Engineering Limited IPO was open from 10 February 2025 to 12 February 2025. The subscription period has now ended.

Question 3

What is the lot size of Ajax Engineering Limited IPO?

Accepted Answer

The lot size for Ajax Engineering Limited IPO is 23 shares, which means the minimum investment required is approximately ₹14,467 (23 shares × ₹599-629). Retail investors can apply for one or more lots, but applying for a single lot typically gives better allotment chances during oversubscription.

Question 4

How to apply for Ajax Engineering Limited IPO?

Accepted Answer

You can apply for the Ajax Engineering Limited IPO through multiple channels: 1) Online broker platforms like Zerodha, Groww, Angel One, Upstox (most convenient); 2) Internet banking using ASBA facility; 3) Through your bank branch. You'll need a Demat account, linked bank account, PAN card, and sufficient funds. The application process involves selecting the IPO, choosing number of lots, selecting bid price (or cutoff), and authorizing the payment via UPI mandate.

Question 5

When is Ajax Engineering Limited IPO allotment?

Accepted Answer

The Ajax Engineering Limited IPO allotment was completed on Expected 5-7 days after closing. You can check your allotment status on the registrar's website (Link Intime, KFintech, or Bigshare) using your PAN number, application number, or Demat details. Allotted shares will be credited to your Demat account before the listing date. If you don't get allotment, your blocked amount will be unblocked automatically.

Question 6

When is Ajax Engineering Limited IPO listing date?

Accepted Answer

The Ajax Engineering Limited IPO was listed on 17 February 2025. On listing day, shares will start trading on the stock exchanges, and you can sell your allotted shares or hold them for long-term investment based on your strategy. Listing price depends on market demand and may be above, below, or at the issue price.

Question 7

Was GMP of Ajax Engineering Limited IPO reliable?

Accepted Answer

Grey Market Premium (GMP) data for Ajax Engineering Limited IPO was not available or was negative before listing. Actual listing performance should be evaluated based on the listing price and current market price.

Question 8

How much profit have I made if I held Ajax Engineering Limited IPO after allotment?

Accepted Answer

If you were allotted shares at the issue price of ₹623 and held them until now, your current gain is -5.2% (₹-32 per share). For one lot of 23 shares, your loss would be ₹736. On listing day, the stock opened at ₹576 (-7.5% gain). Holding the IPO has given better returns than selling on listing day. Remember, past performance doesn't guarantee future results, and investment decisions should be based on the company's fundamentals and your investment goals.

Application	Lots	Shares	Amount
Retail(min) Retail Individual Investors - Investment up to ₹2 lakhs (min 1 lot)	1	23	₹14,467
Retail(max) Retail Individual Investors - Investment up to ₹2 lakhs (min 1 lot)	13	299	₹1.88L
SHNI(min) Small HNI - Investment between ₹2 lakhs and ₹10 lakhs	14	322	₹2.03L
SHNI(max) Small HNI - Investment between ₹2 lakhs and ₹10 lakhs	69	1,587	₹9.98L
BHNI(min) Big HNI - Investment above ₹10 lakhs	70	1,610	₹10.13L
Employee(min) Employee Reservation with 59% discount	1	23	₹12,420
Employee(max) Employee Reservation with 59% discount	34	782	₹5.00L

Category	Subscribed	Applications	Shares applied
QIB	14.41x	0 / 40,20,300	5,79,46,016
NII	6.47x	0	1,94,95,237
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