Ajax Engineering Limited
10 Feb 2025 – 12 Feb 2025
LISTED
Offer Price
₹599–629
Bid lot
23
Min Application
₹14,467
Issue Size
₹1,269 Cr
Key dates
Open date
10 Feb 2025
Done
Close date
12 Feb 2025
Done
Basis of allotment
—
TBA
Initiation of refunds
—
TBA
Credit to demat
—
TBA
Listing date
17 Feb 2025
Today
Lot ladder — how much to bid
1 lot = 23 sharesRetail · Up to ₹2 L1–13 lots
Min · 1 lot
23 sh · ₹14,467
Max · 13 lots
299 sh · ₹1,88,071
S-HNI · ₹2 L to ₹10 L14–69 lots
Min · 14 lots
322 sh · ₹2,02,538
Max · 69 lots
1,587 sh · ₹9,98,223
B-HNI · Above ₹10 L70+ lots
Min · 70 lots
1,610 sh · ₹10,12,690
Entry point
₹10,12,690 onward
Issue details
Lead managersICICI Securities Limited, Citigroup Global Markets India Private Limited, JM Financial Limited, Nuvama Wealth Management Limited, SBI Capital Markets Limited
Face value₹10
Listing onNSE
RegistrarMUFG Intime India Private Limited (formerly Link Intime India Private Limited)
Grey-market sentiment
No grey-market data yet.
How to apply
1Create your account & log inSign up on Investoyard and complete a quick KYC.
2Pick the IPO & tap ApplyOpen the live IPO and choose your investor category.
3Enter bid & quantityUp to 3 bids · cut-off or price band · retail cap ₹2,00,000.
4Approve the UPI mandateYou receive a fund-block request on your UPI app.
5DoneFunds stay blocked until allotment, then auto-debited (or released).
Frequently asked questions
What is the minimum investment in the Ajax Engineering Limited IPO?
One lot of 23 shares — ₹14,467 at the upper price band of ₹629.
How many bids can I place?
Up to 3 bids per application. Retail applications are capped at ₹2,00,000; above that you must apply in the HNI category.
When are the funds debited?
Funds are blocked via a UPI mandate at application and debited only on allotment. If shares are not allotted, the block is released automatically.
When will the shares list?
Tentative listing on 2025-02-17 on NSE.