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AJAXENGG IPO

Ajax Engineering Limited

IPO Doc

Start Date10-02-2025

Application Timing10am-5pm

Price Range₹599 - ₹629

Min Qty23

Min. Investment₹13777

Listing DateNA

Close Date12-02-2025

About Ajax Engineering Limited

Ajax Engineering Limited is a leading concrete equipment manufacturer with a comprehensive range of concrete equipment, services and solutions. Company has developed over 141 concrete equipment variants catering to the concrete application value chain, and over the last ten years, they have sold over 29,800 concrete equipment in India.

Incepted 32 years ago, they have developed a comprehensive product portfolio that includes equipment such as self-loading concrete mixers (SLCMs) and batching plants for the production of concrete, transit mixers for the transportation of concrete, boom pumps, concrete pumps and self-propelled boom pumps for the placement of concrete, slip-form pavers for the paving of concrete and 3D concrete printers for depositing concrete.

They are a leading manufacturer of SLCMs in India, with an approximately 75% market share in the SLCM market in India.

Why To Invest in Ajax Engineering Limited

Leading manufacturer of a wide range of concrete equipment and services. It is 100% Offer For Sale issue.

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.

Financial Table

Year	6 mth ended Sep 2024	FY 2024	FY 2023	FY 2022
Renevue From Operations (Rs. Cr)	769.9	1741.4	1151.1	763.2
Profit After Tax (Rs. Cr)	101	225.1	135.9	66.2

Strengths And Risks

Market Leader: Company is a leading manufacturer of SCLMs in India with approx 75% market share. Its SLCMs have a diverse range of applications and end-uses and are used pan-India under 'Argo' brand. During the last 10 years, company has sold over 25,000 SLCMs in India, which is the largest among leading concrete equipment companies in India during this period.

Diverse Range: As of September 30, 2024, company has over 141 concrete equipment variants catering to the concrete application value chain. These find application in large scale infrastructure projects (such as dams, highways and bridge construction) and are being deployed in upcoming infrastructure projects including the construction of prefabricated structures for metro projects and bridges, ports and airports.

Engineering-focused business: Company's core ethos has been to design, develop and engineer innovative and high-quality concrete equipments. Their in-house design, engineering, and development team includes 79 full-time employees, approximately 16% of our total permanent workforce.

Large dealer network: Company's dealer network comprised of 51 dealerships across 23 states in India, and products are accessible to customers through 114 touchpoints, which comprise 51 dealer headquarters and 63 branches.

Raw material price: Fluctuations in prices of materials (domestic & imported) and disruptions in the timely availability of materials could have an adverse effect on company's business.

Product concentration: Company derives 85% of revenue from the sale of self-loading concrete mixers. Any decrease in sale of SLCMs or demand for concrete equipment in India could adversely affect the business.

Cyclical Business: The concrete equipment industry in India is cyclical in nature and is influenced by government spending on public infrastructure and overall economic conditions affecting private infrastructure.

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Company

Astha Credit & Securities Pvt Ltd NSE, BSE & MCX SEBI Reg No:

INZ000187932

Membership ID:

NSE - 12227 BSE-6844 MCX - 40000 NSDL-IN303420 CDSL-94500

CIN:

U65929MP2003PTC016241

SEBI Depository Participant Reg No:

IN-DP-611-2021

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SEBI RA Registration:

INH000013332

AMFI Registration:

ARN-35911

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The last date to update KYC is on or before March 31, 2022.
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We do proprietary trading

Client Bank Account Details:

Sr. No	Name of Bank Account	Bank Account Number	IFSC Code
1	ASTHA CREDIT AND SECURITIES P LTD - USCNBA A/c	00620340000150	HDFC0000062

*Investors are requested to note that Stock broker Astha Credit and Securities Private Limited is permitted to receive/pay money from/to investor through designated bank accounts only named as client bank accounts. Stock broker Astha Credit and Securities Private Limited is also required to disclose these client bank accounts to Stock Exchange. Hence, you are requested to use following client bank accounts only for the purpose of dealings in your trading account with us. The details of these client bank accounts are also displayed by Stock Exchanges on their website under “Know/ Locate your Stock Broker.

1. No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorize your bank to make payment in case of allotment. No worries for refund as the money remains in the investor's account. 2. KYC is a one-time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (Broker, DP, Mutual Fund, etc.), you need not undergo the same process again when you approach another intermediary.

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Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from NSDL/CDSL on the same day......................issued in the interest of investors. We do Pro trading.

Client registration documents in Vernacular languages: Get Documents

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AJAXENGG IPO

About Ajax Engineering Limited

Why To Invest in Ajax Engineering Limited