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IPO

IPO Details


Ajax Engineering Ltd
Registered Office: 253/1, 11th Main Rd, 3rd Phase, Peenya Industrial Area, Bengaluru - 560058, Karnataka
Phone: +91 82 9633 6111
Email: complianceofficer@ajax-engg.com
Website: www.ajax-engg.com
Initial public offer of 20,180,446 equity shares of face value of Re. 1 each ("Equity Shares") of Ajax Engineering Limited ("Company" or "Issuer") for cash at a price of Rs. 629^ per equity share (including a share premium of Rs. 628^ per equity share) ("Offer Price") aggregating to Rs. 1268.88 crores^ (the "Offer"), through an offer for sale by the selling shareholders (defined below), consisting of 1,716,102 equity shares of face value of Re. 1 each aggregating to Rs. 107.90 crores^ by Krishnaswamy Vijay, 1,716,102 equity shares of face value of Re. 1 each aggregating to Rs. 107.90 crores^ by Kalyani Vijay, 2,288,136 equity shares of face value of Re. 1 each aggregating to Rs. 143.87 crores^ by Jacob Jiten John, 5,593,221 equity shares of face value of Re. 1 each aggregating to Rs. 351.69 crores^ by Jacob Hansen Family Trust (collectively referred to as "Promoter Selling Shareholders"), 7,436,800 equity shares of face value of Re. 1 each aggregating to Rs. 467.60 crores^ by Kedaara Capital Fund ii llp ("Kedaara Capital", the "Investor Selling Shareholder") and 1,430,085 equity shares of face value of Re. 1 each aggregating to Rs. 89.92 crores^ by Susie John ("Promoter Group Selling Shareholder") (the promoter selling shareholders, along with the investor selling shareholder and promoter group selling shareholder, collectively referred to as the "Selling Shareholders") ("Offer for Sale", and together, the "Offer"). The offer included a reservation of 78,947 equity shares of face value of Re. 1 each (constituting to 0.07% of the post-offer paid-up equity share capital of the company) aggregating to Rs. 4.50 crores^ for subscription by eligible employees (as defined hereinafter) (the "Employee Reservation Portion"). The offer less the employee reservation portion is hereinafter referred to as the "Net Offer". The company, in consultation with the book running lead managers, offered a discount of to 9.38% to the offer price equivalent of Rs. 59.00 per equity share to eligible employees bidding in the employee reservation portion ("Employee Discount"). ^A discount of Rs. 59.00 per equity share was offered to eligible employees bidding in the employees reservation portion. The offer and the net offer constitutes 17.64% and 17.57% of its post-offer paid-up equity share capital of the company respectively. The offer price is 629 times the face value of the equity shares.
Issue Money Payable On
Opens On Closes On Application Allotment
10-Feb-2025 12-Feb-2025 ₹ 629.00 ₹ 0.00
Minimum Application for shares in Nos : 23.0 Further Multiples of : 23.0
(₹)Cr. Lead Managers to the Issue
Project Cost 0.00 Citigroup Global Markets India Pvt Ltd
Project Financed through Current Offer 1,268.88
Post Issue Equity Share Capital 11.44
Issue Price ₹629.00
Projects
Listing the Equity Shares on the Stock Exchanges
Promoted By
Krishnaswamy Vijay
Jacob Jiten John
Kalyani Vijay
Listing At
BSE
NSE
Registrar to the Issue

INDIAN INDICES

Sensex

81,361.87 -82.79 (-0.10%)

Nifty

24,793.25 -18.80 (-0.08%)

GLOBAL INDICES

USD

85.75 0.06 (0.95%)

NASDAQ
HANG SENG

23,237.75 -472.95(-1.99%)