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The ₹1,269.35-crore mainboard IPO was booked over 6 times at the closure of the bidding window on February 12.
Investors placed bids for a total of 9.12 crore shares in comparison to 1.41 crore shares on offer, resulting in an oversubscription of 6.45 times.
The demand for Ajax Engineering IPO was led by Qualified Institutional Buyers (QIBs) who booked their portion 14.41 times. The Non-Institutional Investors (NIIs) booked their category 6.47 times whereas the retail portion of the issue was oversubscribed 1.93 times.Employees of the company submitted bids for more than 2.62 times the shares offered to them.
The investors, who participated in the Ajax Engineering IPO, can check the share allotment status online via the official websites of the BSE, NSE and the issue registrar, Link Intime India Pvt. Ltd.
Steps to check Ajax Engineering IPO share allotment on BSE:
· Log on to the IPO allotment page on the BSE at: https://www.bseindia.com/investors/appli_check.aspx
· Select Equity as the ‘Issue Type’.
· Choose Ajax Engineering Ltd from the dropdown menu.
· Enter your application number, or PAN, to proceed.
· Verify ‘Captcha’.
· Click on Search to view your share allotment.Steps to check Ajax Engineering IPO share allotment on Link Intime India website:
· Open the official website of Link Intime India – https://www.linkintime.co.in
· Under the list of companies dropdown menu, select Ajax Engineering
· Choose any one of the given options of Application Number, Demat account number and PAN
· Type in the details as per your selection
· Clear the Captcha verification
· View allotment status by clicking ‘Submit’
Investors can also check the allotment status on the official website of NSE using their login details or by creating a new registration.
The refunds for the non-allottees in the Ajax Engineering IPO will be processed on February 14. Successful bidders will also receive the shares in their Demat accounts on the same day.
Ajax Engineering IPO: Key Details
Ajax Engineering IPO is an entirely an offer-for-sale of 2.02 crore shares. The IPO price band was set at ₹599 to ₹629 per share. The minimum investment for the retail investors in the IPO was ₹13,777 for a single lot size of 23 shares.
Proceeds from the public offer will go directly to the shareholders selling their stakes, as the IPO is an entirely offer-for-sale.
About Ajax Engineering
Ajax Engineering Ltd is a manufacturer of concrete equipment and services across the value chain. The company’s portfolio includes self-loading, concrete mixers, batching plans, boom pups and 3D concrete printers.
