Sharescart Research Club logo
Products
Research
Tools
About
ChatGPT Claude Perplexity
Summarize with
ChatGPT Claude Perplexity
Join Channel
Apollo Green₹ 72 (28.6%)ASK Investment₹ 895 (-3.2%)AVPL ₹ 49 (0%)Bootes Impex₹ 775 (-8.8%)CIAL ₹ 442 (-0.5%)CSK ₹ 254 (-3.1%)ESDS Software₹ 478 (2.8%)Garuda Aerospace₹ 468 (-2.1%)Goodluck Defence₹ 385 (16%)Hero Motors₹ 325 (0%)Hinduja Leyland₹ 248 (0%)ICL Fincorp₹ 25 (0%)Incred Holdings₹ 154 (2.7%)Kineco Limited₹ 3285 (0%)Lava ₹ 60 (15.4%)Market Simplified₹ 26 (-7.1%)Matrix Gas₹ 12 (-20%)Motilal Oswal₹ 12.25 (-2%)MSEI ₹ 6.35 (-2.3%)NCDEX ₹ 368 (-1.6%)NSE ₹ 1985 (-2%)Onix Renewable₹ 68 (21.4%)OYO ₹ 23 (-4.2%)OYO Assets₹ 9.25 (-7%)Philips India₹ 1250 (0%)Polymatech Electronics₹ 56 (-3.4%)SBI Mutual₹ 768 (-0.9%)Taparia Tools₹ 6050 (0%)VCI Chemical₹ 64 (0%)Zepto ₹ 40 (-4.8%)

15 Days Price Change

Ajax Engineering IPO

Closing In

  • days
  • Hours
  • Minutes
  • Seconds
Profile
Issue Size --
Profile
Price Range 599  to  629 per share
Profile
Min Investment ₹629
Profile
Lot Size 1
Profile
Face Value ₹1
Profile
Draft Prospectus --
Invest Before the IPO Goes Live

Buy unlisted shares early and participate in the growth before public listing.

Profile
  • Basic Info
  • IPO Tentative Timetable
  • IPO Lot Size
  • Subscription Status
  • Financials
  • Profit & Loss
  • Balance Sheet
  • Cash Flow
  • Ratios
  • Growth Rates
  • Other info

Overview

Incorporated in July 1992, Ajax Engineering Limited is a leading manufacturer of a wide range of concrete equipment and services, catering to the entire concrete value chain. The company's design, engineering, and development team comprises 79 full-time employees, about 15.96% of the total workforce. Ajax Engineering operates four facilities in Karnataka, located in Obadenahalli, Gowribidanur, and Bashettihalli,Additionally, Ajax has established 25 dealers and distributors across South and Southeast Asia, the Middle East, and Africa. The company has sold concrete equipment and spare parts to over 15,700 customers. Its product portfolio includes self-loading concrete mixers, batching plants, transit mixers, boom pumps, concrete pumps, self-propelled boom pumps, slipform pavers, and 3D concrete printers. The service team, consisting of 85 employees, supports the dealer network with various roles, including coordinators, managers, specialists, and customer service executives. Ajax Engineering's competitive strengths include being a market leader in the rapidly growing self-loading concrete mixer (SLCM) market, offering a comprehensive range of concrete equipment, and leveraging strong in-house design, development, and engineering capabilities. The company also benefits from technology-driven manufacturing processes, a robust supplier network, an extensive dealer network, a diversified customer base with long-term relationships, and an experienced management team. Read More

Basic Info

Face Value 1 per share

Price 599  to  629 per share

P/E (x) 27.7

Sales( Cr.) 2074

PAT( Cr.) 260

EPS 22.7

Draft Prospectus --

Exchange BSE-NSE

Promoter

Company Promoters

Krishnaswamy Vijay Jacob Jiten John Kalyani Vijay Madhuri Vijay

Pre Issue Share Holding 28.99%

Post Issue Share Holding 23.6%

Listing Details:

Listing Price: 593

Listing Gain: -6.07%

Current Price: 590

Gain On Issue: 590 | 0%

GMP: --

GMP %: -- %

IPO Tentative Timetable

Opening Date Feb 10, 2025
Closing Date Feb 12, 2025
Allotment Feb 13, 2025
Refund Feb 14, 2025
Delivery of Shares Feb 14, 2025
Listing Date Feb 17, 2025

IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 23 14,467
Retail (Max) 13 299 188,071
S-HNI (Min) 14 322 202,538
S-HNI (Max) 69 1587 998,223
B-HNI (Min) 70 1610 1,012,690

Objective of the Issue

1. The Company will not receive any proceeds of the Offer. Each of the Selling Shareholders will be entitled to the respective proportion of proceeds of the Offer for Sale after deducting its portion of the Offer-related expenses and the relevant taxes thereon.

Issue

Category Nos Bid Bid (x)
QIB 10090223 131576508 13x
NII 3027067 19554853 6.5x
Retail 7063156 13702523 1.9x
EMP 0 0 0x
Total 20180446 122293503 6.1x

Net Sales (in cr.)

Total Income (in cr.)

Operating Profit (in cr.)

Net Profit (in cr.)

Shareholder Funds (in cr.)

Total Assets (in cr.)

Ajax Engineering Profit & Loss

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 742 763 1151 1741 2074
Other Income 11 10 21 39 43
Total Income 752 773 1173 1780 2117
Total Expenditure 614 674 980 1466 1756
Operating Profit 138 99 192 314 361
Interest 1 0 1 2 -1
Depreciation 8 8 9 10 11
Exceptional Income / Expenses 0 0 0 0 0
Profit Before Tax 129 90 183 302 351
Provision for Tax 32 24 47 77 91
Profit After Tax 97 66 136 225 260
Adjustments 0 0 0 0 0
Profit After Adjustments 97 66 136 225 260
Adjusted Earnings Per Share 8.5 5.8 11.9 19.7 22.7

Ajax Engineering Balance Sheet

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 512 578 714 918 1157
Minority's Interest 0 0 0 0 0
Borrowings 0 0 0 0 0
Other Non-Current Liabilities 4 6 9 11 12
Total Current Liabilities 215 151 244 307 314
Total Liabilities 731 735 967 1236 1482
Fixed Assets 112 109 167 167 176
Other Non-Current Assets 55 71 45 100 70
Total Current Assets 563 556 755 969 1237
Total Assets 731 735 967 1236 1482

Ajax Engineering Cash Flow

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents -15 50 6 -3 63
Cash Flow from Operating Activities 72 85 185 207 43
Cash Flow from Investing Activities -7 -129 -193 -116 -35
Cash Flow from Financing Activities 0 -0 -0 -25 -26
Net Cash Inflow / Outflow 65 -44 -9 66 -17
Closing Cash & Cash Equivalent 51 6 -3 63 46

Ajax Engineering Ratios

# Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 8.51 5.79 11.88 19.68 22.73
CEPS(Rs) 9.21 6.5 12.63 20.58 23.69
DPS(Rs) 0 0 0 4.34 0
Book NAV/Share(Rs) 44.75 50.55 62.39 79.91 100.44
Core EBITDA Margin(%) 17.2 11.72 14.83 15.82 15.34
EBIT Margin(%) 17.56 11.9 15.95 17.45 16.88
Pre Tax Margin(%) 17.44 11.85 15.89 17.34 16.92
PAT Margin (%) 13.13 8.67 11.81 12.93 12.54
Cash Profit Margin (%) 14.2 9.75 12.55 13.52 13.07
ROA(%) 13.33 9.03 15.97 20.44 19.13
ROE(%) 19.03 12.15 21.04 27.66 25.21
ROCE(%) 25.4 16.55 28.05 36.88 33.63
Receivable days 29.49 27.42 20.57 17.11 22.26
Inventory Days 125 101.95 54.76 41.89 42.62
Payable days 101.28 65.39 48.2 52.74 52.06
PER(x) 0 0 0 0 26.09
Price/Book(x) 0 0 0 0 5.91
Dividend Yield(%) 0 0 0 0 0
EV/Net Sales(x) -0.2 -0.02 0.01 -0.03 3.24
EV/Core EBITDA(x) -1.08 -0.13 0.07 -0.17 18.62
Net Sales Growth(%) 0 2.91 50.81 51.28 19.09
EBIT Growth(%) 0 -30.24 102.12 65.53 15.16
PAT Growth(%) 0 -32.02 105.27 65.67 15.52
EPS Growth(%) 0 -32.02 105.25 65.67 15.52
Debt/Equity(x) 0 0.01 0.01 0.01 0
Current Ratio(x) 2.62 3.68 3.1 3.16 3.94
Quick Ratio(x) 1.44 2.54 2.39 2.42 3.12
Interest Cover(x) 146.83 215.79 272.04 149.95 -403.71
Total Debt/Mcap(x) 0 0 0 0 0

Sihora Industries Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 19% 40% 0% 0%
Operating Profit CAGR 15% 54% 0% 0%
PAT CAGR 16% 58% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -9% NA% NA% NA%
ROE Average 25% 25% 21% 21%
ROCE Average 34% 33% 28% 28%

Company Contact Information

Ajax Engineering Ltd.

Plot No. I P 9-17, Kudumalakunte Village Gowribidanur 1st Phase Kiadb Industrial Area, Gowribidanur

IPO Lead Manager(s)

Ajax Engineering Ltd.

Citigroup Global Markets India Pvt Ltd.

ICICI Securities Ltd

JM Financial Ltd.

Nuvama Wealth Management Ltd.

SBI Capital Markets Ltd

Registrar Info

Ajax Engineering Ltd.

Frequently Asked Questions

All You Need To Know About IPO

When you leave without vesting, generally unvested ESOPs are cancelled. Vested ESOPs usually can be exercised after you depart, often within 3 to 6 months, depending on the company's ESOP plan.

For companies listed on a stock exchange, you can sell the shares any time after you exercise the ESOP option and the shares are in your demat account. If the company is unlisted or otherwise a startup, you can only sell the shares if and when the company announces a buyback or has a process for secondary sales.

Whenever you exercised your options to hold shares, you entered into a market risk situation, and if the valuation of the company drops, so do the shares.

Yes. ESOPs are valuable to the employer in that the employer is able to retain the best talent, align employee interests with company goals, and preserve cash while rewarding performance.

Wealth Icon
Don’t Miss Out on Unlisted Shares

Open your account today and gain instant access to top unlisted shares and pre-IPO opportunities.

whatsapp

Error!