The Initial Public Offer (IPO) of Ajax Engineering Limited will open on February 10, 2025. Investors can bid for this issue until February 13. On February 17, the company's shares will be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). 100% OFS: Through this issue, the company aims to raise a total of ₹1,269.35 crore. For this, the existing investors of Ajax Engineering are selling 2,01,80,446 shares worth ₹1,269.35 crore through an Offer for Sale (OFS). The company is not issuing any new shares for the IPO. Ajax Engineering IPO Timeline: How much minimum and maximum amount can you invest? Ajax Engineering has set the IPO price band at ₹599-629. Retail investors can bid for a minimum of one lot containing 23 shares. If you apply for 1 lot at the upper price band of ₹629, you will need to invest ₹14,467 minimum. Meanwhile, retail investors can apply for a maximum of 13 lots, ie, 299 shares. For this, investors will need to invest ₹1,88,071 according to the upper price band. 35% of the issue is reserved for retail investors The company has reserved 50% of the IPO for Qualified Institutional Buyers (QIB). Additionally, 35% is reserved for retail investors and the remaining 15% is reserved for Non-Institutional Investors (NII). Ajax Engineering Limited was established in 1992 Ajax Engineering Limited was established in 1992, which is engaged in manufacturing concrete equipment and providing related services. Ajax Engineering Limited has a variety of equipment in concrete production, including self-loading concrete mixers, batching plants, transit mixers, boom pumps, concrete pumps, slip-form pavers, and 3D concrete printers. The company has 51 dealerships in 23 states of India, providing services at 114 locations. What is an IPO? When a company issues its shares to the public for the first time, it is called an Initial Public Offering or IPO. The company needs money to expand its business. In such a case, instead of borrowing from the market, the company raises money by selling some shares to the public or by issuing new shares. For this purpose, the company brings an IPO.Original Article