The initial public offering (IPO) of Ajax Engineering Limited is set to open for public subscription today, Monday (February 10). This IPO will close on February 12. If you are planning to invest in the IPO of Ajax Engineering, we are providing you with all the details of the issue and how much you can invest in it… The company aims to raise ₹1,269 crore from the issue Ajax Engineering aims to raise ₹1,269.35 crore by selling 2.02 crore shares through this public issue. This IPO is entirely an offer for sale (OFS). The company has set the IPO price band at ₹599-?629 per equity share. The company's shares will be listed on February 13 The allotment of Ajax's shares will take place on February 13. The shares will be listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on February 17. Promoters have 93.50% stake in the Company The promoters of the company include Krishnaswami Vijay, Jacob Jiten John, Kalyani Vijay, Madhuri Vijay, Prashant Vijay, Rachel Rekha Henson, Savita Christina Alexander, Sean Alexander, Green Haven Trust, Ohana Trust, Jacob Henson Family Trust, and The Johns Lowes Trust. The promoters hold a 93.50% stake in the company. The registrar of this issue is Link Intime ICICI Securities Limited, Citigroup Global Markets India Private Limited, JM Financial Limited, Nuvama Wealth Management Limited, and SBI Capital Markets Limited are the book running lead managers for the Ajax Engineering IPO. Meanwhile, Link Intime India Private Limited is the registrar for this issue. What is the minimum amount retail investors can invest? For this IPO, retail investors can apply for a minimum of one lot, which is 23 shares. If you apply for 1 lot at the upper price band of ?629, you will need to invest ₹14,467. Retail investors can bid for a maximum of 13 lots, which is 299 shares. For this, investors will need to make a maximum investment of ₹1,88,071. 35% of the issue is reserved for retail investors Approximately 50% of the company's issue is reserved for Qualified Institutional Buyers (QIB). Additionally, about 35% is reserved for retail investors and approximately 15% is reserved for Non-Institutional Investors (NII). What does Ajax Engineering Limited do?Original Article