The Ajax Engineering Limited registration ceremony took place on the National Stock Exchange.
The share of Ajax Engineering Limited has been registered at 576 ₹ below the issue price on the National Stock Exchange (NSE) today. The action was registered at 593 ₹ greater than 5.72% compared to the price of the issue of shares in Bombay Stock Exchange (BSE). The question of the IPO of Ajax engineering was 629 ₹.
This IPO was opened to bid from February 10 to February 12, which was subscribed to a total of 6.06 times. In the retail category, the IPO was 1.94 times, qualified institutional buyers (QIB) categories 13.04 times and non -institutional investors (NII) Category 6.46 times subscribers in the category.
1,269.35 crore ₹ was an IPO Ajax Engineering
This issue of Ajax engineering was a total of 1,269.35 crore of ₹. For this, the company’s investors sold 2,01.80,446 shares for the entire crore of 1,269.35 ₹ per offer to sell. Ajax Engineering did not issue a single new share for the IPO.
Retail investors could bid for maximum 299 shares
Ajax Engineering had set the price strip of the IPO from 599 to 629 ₹. Retail investors could auction for a minimum for 23 shares. If you request 1 lot for 1 lot at the rate of 629 ₹, the higher price strip of the IPO, then 14,467 would have been invested.
At the same time, retail investors could request a maximum of 13 lots, or 299 shares. For this, investors should invest 1,88,071 ₹ according to the higher price strip.
35% of the problem was reserved for retail investors
The company has reserved 50% of the IPO for qualified institutional buyers (QIB). Apart from this, a share of 35% was the reserve of retail investors and the remaining 15% of the remaining 15% for non -institutional investment (NII).
Ajax Engineering Limited was created in 1992
Ajax Engineering Limited was created in 1992, which works to create and provide a service related to services. Ajax Engineering Limited has a variety of equipment on the concrete product, including a self-charging concrete mixer, a lot of prizes, a public transport mixer, a boom pump, a concrete pump, Slide -shaped pavers and 3D concrete printers. The company has 51 dealers in 23 states of India, which provide services to 114 places.
What is the IPO?
When a company publishes its actions for the ordinary people for the first time, it is called the initial public offer, that is to say the IPO. The company needs money to increase business. In such a situation, instead of contracting loans on the market, the company collects funds by selling actions to the public or by issuing a new action. For this, the company brings the IPO.
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