Mon Feb 10 10:49:15 UTC 2025: ## Ajax Engineering IPO Opens Today with ₹52 Grey Market Premium

**Mumbai, February 10, 2024** – Ajax Engineering’s initial public offering (IPO) opens today, February 10th, and will close on February 12th. The engineering company aims to raise ₹1269.35 crore through the offering, entirely through an offer-for-sale (OFS) of existing shares; no fresh shares are being issued. The price band is set at ₹599-₹629 per share (face value ₹1), with a ₹59 discount for company employees. The IPO will be listed on both the BSE and NSE.

Share allotment is scheduled for February 13th, refunds and share transfers to demat accounts will occur on February 14th, and the listing is expected on February 17th.

Despite some fluctuation in recent days, the grey market premium (GMP) currently stands at ₹52 (8.27%), indicating considerable investor interest. While the GMP has varied (₹58 on February 5th, ₹40 on February 7th), further volatility is expected until listing.

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