Ajax Engineering Share Price: Shares of Ajax Engineering made their debut in the market today. The stock’s listing was poor and the shares were listed with a distcount of 8.43%. The stock is also trading with a decline till 12 noon.
Ajax Engineering Share Listing Price
Today, the stock on NSE was listed at Rs 576 with a discount of Rs 629 to Rs 8.43%, while the stock on BSE was listed at Rs 593 with a discount of 5.72%.
Ajax Engineering Share Price
By 12:01 pm, the stock is trading on BSE at Rs 2.62% or Rs 15.55 at Rs 577.45, while the stock on NSE is trading at Rs 577.15 with a gain of 0.20% or Rs 1.15 at Rs 577.15.
Ajax engineering listing has been below expectation. Prior to its listing, Ajax Engineering shares were also sluggish on the Gray Market Premium (GMP), leading to signs of its poor start. The last day of subscription was GMP was Rs 10 per share, while its premium was more than Rs 50 before the issue started.
Ajax Engineering IPO Details
The IPO of Ajax Engineering was opened for subscription between 10 February to 12 February. The company kept a price band of Rs 599-629 per share with a lot size of 23 shares. The company’s IPO was completely offer-for-cell (OFS) where the company offered 2,01,80,446 equity shares. The size of this IPO was Rs 1,269.35 crore.
About Ajax Engineering
In July 1992, Niyamit, Ajax, Bangalore -based Ajax, produces a wide series of concrete equipment and service at the Chen. By March 31, 2024, the company had created 110 concrete equipment variants for the value chain and has sold more than 27,800 units in India in the last ten years.