The ₹ 1,269.35 crore IPO of Ajax Engineering, a self-loading concrete mixer manufacturer, closed on February 12. This IPO received 6 times the subscription from investors, which proved to be a successful issue. Now the allotment of the IPO will be finalized on 13 February 2025.
Link IPO has been appointed as Ltd as Ltd. If you have invested in this IPO, you can check your allotment status online on BSE and Link I website. Let’s know how to check IPO allotment status.
How to check IPO allotment status?
1⃣ Link I website
You can check your Ajax Engineering IPO allotment status on the official website of Link Intime:
Click here to check Link Ipo Status
Step-by-step process:
- Go to the website.
- Select “Ajax Engineering IPO” from the dropdown menu.
- Select the application number, DP client ID, PAN, account number/IFSC from “Selection Type” and fill the details.
- Click on the “Submit” button.
After this your IPO allotment status will appear on the screen.
From BSE website
You can also check your Ajax Engineering IPO allotment status on BSE website:
Click here to check BSE IPO Status
Step-by-step process:
- Go to the website.
- Choose “equity” in “Issue Type”.
- Select “Ajax Engineering IPO” from the dropdown menu.
- Enter the application number or PAN details.
- Fill the captcha and click on the “Search” button.
Now your IPO allotment information will come on the screen.
When will Ajax Engineering be listing in the stock market?
Ajax Engineering shares will be listed on the stock exchange on 17 February 2025.
It will trade on both NSE and BSE under the name “Ajax”.
No new shares were issued in the IPO, but it was a completely offer for sale (offs).
Indication of gray market premium (GMP)
The GMP of Ajax Engineering shares in the gray market is trading at a premium ₹ 10 (1.59%).
This means that the share listing can occur with a minor premium or it may remain flat.
What is gray market?
The gray market is an unauthorized trading platform, where the company’s share is informally bought and sold before the listing. However, GMP does not always affect the listing price.
Financial Performance of Ajax Engineering
The company’s profits and revenue have increased rapidly over the years.
| Financial year | Profit (₹ crore) | Revenue (₹ Crore) |
|---|---|---|
| 2023-24 | ₹ 225.1 Crore (65.7% increase) | ₹ 1,741.4 crore (51.3% increase) |
| April-September 2024 | ₹ 101 Crore (21.8% increase) | ₹ 770 Crore (12.4% increase) |
Prior to IPO, the company raised ₹ 379.31 crore from 23 institutional investors.
