Ajax Engineering IPO

Ajax Engineering Limited is a leading manufacturer of concrete equipment, offering a comprehensive range of products, services, and solutions across the concrete application value chain (Source: Redseer Report). As of March 31, 2024, the company has developed over 110 concrete equipment variants and has sold more than 27,800 units in India over the past decade. Established 32 years ago, Ajax Engineering Limited provides self-loading concrete mixers (SLCMs), batching plants, transit mixers, boom pumps, concrete pumps, slip-form pavers, and 3D concrete printers, contributing significantly to India’s infrastructure sector.

IPO Strengths

• Ajax Engineering Limited holds a dominant position in the SLCM market, with a significant market share in India.

• The company offers a comprehensive range of concrete equipment, including batching plants, transit mixers, pumps, slip-form pavers, and 3D concrete printers.

• Ajax’s strong in-house design, development, and engineering capabilities enable innovation and product reliability.

• The company employs technology-led assembly and manufacturing processes supported by a robust supplier network.

• Ajax benefits from a large dealer network with widespread distribution and after-sales support.

• The company’s experienced management team drives growth and expansion, supported by qualified personnel.

Ajax Engineering IPO Key Financials (in ₹ million)

Ajax Engineering Limited Upcoming IPO Details

Ajax Engineering IPO Important Dates

Ajax Engineering IPO Lots

Ajax Engineering IPO Lead Managers

Ajax Engineering Limited IPO Valuation Overview

Ajax Engineering IPO Peer Group Comparison

Objectives of the Proceeds

As this Offer comprises an Offer for Sale of Equity Shares, the entire proceeds from the Offer for Sale (net of their proportion of the expenses of the Offer) will be received by each of the Selling Shareholders, to the extent of their respective portion of the Offered Shares, and the Company will not receive any proceeds from the Offer