Mon Feb 10 09:59:11 UTC 2025: ## Ajax Engineering IPO Opens, Seeking ₹1269 Crore

**MUMBAI** – Ajax Engineering Limited’s Initial Public Offering (IPO) opened today, offering investors a chance to participate in the primary market. The IPO, valued at ₹1269.35 crore, will offer 2.02 crore shares for sale.

The main board IPO will remain open until January 12th, with allotment scheduled for February 13th. The price band is set at ₹599-₹629 per share, requiring a minimum investment of ₹14,467 (for a lot of 23 shares). Company employees receive a ₹59 discount per share. The shares will be listed on the BSE and NSE.

Ajax Engineering had already raised ₹379.32 crore from anchor investors on February 7th. The IPO allocates a maximum of 50% to Qualified Institutional Buyers (QIBs) and at least 35% to retail investors.

Grey market premiums (GMP) are currently fluctuating, with reports indicating a premium of ₹52 today, reaching as high as ₹58 earlier this week. Prior to the IPO, promoters held a 93.50% stake in the company.

**Disclaimer:** *This is not investment advice. The share market involves risks. Consult with experts before making any investment decisions.*

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