Ajax Engineering IPO Opens Today: Key Details and Investor Insights

Ajax Engineering's ₹1,269.35 crore IPO opens for subscription today, February 10, 2025, and will close on February 12. The price band is set at ₹599-629 per share, with a minimum lot size of 23 shares (₹14,467). The IPO is a 100% offer-for-sale of 2.02 crore shares by existing shareholders. The Grey Market Premium (GMP) stands at ₹52, indicating an 8% premium over the issue price. Analysts recommend subscribing due to the company's leadership in concrete equipment manufacturing and strong financials. Listing is expected on February 17, 2025.

Sources: Economic Times, Business Standard, Angel One, IPO Watch