The allotment of the Ajax Engineering IPO has been finalized, and investors can now check their share allotment status online. The IPO of Ajax Engineering Ltd, a leading concrete equipment manufacturer, received strong demand from investors and was oversubscribed.
How to Check Ajax Engineering IPO Allotment Status
Investors can check their IPO allotment status using the following methods:
- BSE Website:
- Visit BSE Allotment Page
- Select ‘Equity’ in the Issue Type
- Choose ‘Ajax Engineering Limited’ in the dropdown menu
- Enter Application Number or PAN
- Complete the verification and click ‘Search’
- The allotment status will be displayed
- Link Intime India (IPO Registrar) Website:
- Visit Link Intime India IPO Page
- Choose ‘Ajax Engineering Limited’ from the company list
- Enter details such as PAN, Application Number, or DP ID
- Click ‘Search’ to view your allotment status
Ajax Engineering IPO Subscription and GMP
The Ajax Engineering IPO was open for subscription from February 10 to February 12. The IPO was subscribed 6.44 times, showing strong investor interest:
- Qualified Institutional Buyers (QIB): 14.41 times
- Non-Institutional Investors (NII): 6.46 times
- Retail Investors: 1.92 times
The Grey Market Premium (GMP) for Ajax Engineering IPO is currently ₹9 per share, which indicates that shares are expected to list at ₹638 per share, a 1.5% premium over the issue price of ₹629 per share. However, GMP is only an estimated market trend and does not guarantee actual listing price.
Ajax Engineering IPO Listing Date
The Ajax Engineering IPO listing date is scheduled for Monday, February 17, 2025. The shares will be listed on both the BSE (Bombay Stock Exchange) and NSE (National Stock Exchange).
Ajax Engineering IPO Details
- Issue Price Band: ₹599 – ₹629 per share
- Total IPO Size: ₹1,269.35 crore
- Type of Issue: Offer for Sale (OFS) of 2.02 crore shares
- Listing on: BSE & NSE
After the allotment process, shares will be credited to the Demat accounts of successful applicants, while refunds will be issued to those who did not receive allotment.
With the allotment finalized, all eyes are now on the Ajax Engineering IPO listing. Investors should track market trends and GMP to estimate the potential opening price. While GMP provides an idea of expected demand, actual listing prices depend on market conditions and investor sentiment. Stay updated by checking the official websites of BSE, NSE, and Link Intime India for any further updates on the IPO. Before investing in any IPO, always research thoroughly to make informed decisions.