Ajax Engineering's Rs 1,270 Crore IPO Debuts Next Week: India's Leading Concrete Equipment Maker Eyes Market Leadership

Ajax Engineering, commanding a 77% market share in India's self-loading concrete mixers segment, is set to launch its Rs 1,270 crore IPO on February 10, 2025. The company has fixed the price band at Rs 599-629 per share for its pure offer-for-sale issue. The Bengaluru-based manufacturer, which reported a stellar 65.7% profit growth to Rs 225.1 crore in FY24, will close subscriptions on February 12. The shares are scheduled to list on BSE and NSE by February 17, marking a significant milestone in India's manufacturing sector.

Source: Company's Red Herring Prospectus