Ajax Engineering Limited’s IPO to Open on February 10, 2025

Bengaluru: Ajax Engineering Limited announced that its initial public offering (IPO) will open on Monday, February 10, 2025. The Anchor Investor Bidding Date is scheduled for Friday, February 7, 2025, and the Bid/Offer Closing Date is Wednesday, February 12, 2025.

The price band of the IPO has been fixed at ₹599 to ₹629 per equity share. Bids can be made for a minimum of 23 equity shares and multiples of 23 equity shares thereafter.

The IPO comprises an offer for sale of up to 20,180,446 equity shares by existing shareholders, including Krishnaswamy Vijay, Kalyani Vijay, Jacob Jiten John, Jacob Hansen Family Trust, Susie John, and Kedaara Capital Fund II LLP.

The IPO is being made through the book-building process and is in compliance with the Securities and Exchange Board of India (SEBI) regulations. ICICI Securities Limited, Citigroup Global Markets India Private Limited, JM Financial Limited, Nuvama Wealth Management Limited, and SBI Capital Markets Limited are the book-running lead managers to the issue.

The equity shares of Ajax Engineering Limited are proposed to be listed on the BSE Limited and National Stock Exchange of India Limited.

For more information, please refer to the red herring prospectus dated February 4, 2025.