Mon Feb 10 08:44:27 UTC 2025: ## Ajax Engineering IPO Opens, Seeking ₹1269 Crore
**Mumbai, February 8, 2025** – The Indian IPO market continues its strong start to 2025 with Ajax Engineering launching its initial public offering (IPO) today. The ₹1269.35 crore offering, entirely an offer for sale (OFS), will allow investors to participate until February 12th.
The company, established in July 1992, manufactures engineering equipment and provides related services. The IPO price band is set at ₹599-₹629 per share, with a lot size of 23 shares. This means a minimum investment of ₹14,467 (at the upper price band) is required to participate. Employees are eligible for a discount of ₹59 per share.
Ajax Engineering offered 60,30,449 shares to anchor investors on February 7th, raising ₹379.32 crore at the upper price band. The IPO’s grey market premium (GMP) is reportedly around ₹49, suggesting a potential listing price of ₹678.
The allotment process will take place on February 13th, with shares credited to demat accounts starting February 14th. Listing on the BSE and NSE is scheduled for February 17th. Investors are advised to consult market experts before making any investment decisions.
First Piper 