About Ajax Engineering

IPO date

10th – 12th Feb 2025

Listing date

17 Feb 2025

Price range

₹599 – ₹629 Lot size 23 — ₹14467

Issue size

1269cr

Incorporated in 1992, Ajax Engineering is a leading concrete equipment manufacturer offering a comprehensive range of equipment, services, and solutions across the concrete application value chain. As of September 30, 2024, the company has developed over 141 concrete equipment variants and sold more than 29,800 units in India over the past decade. The product portfolio includes self-loading concrete mixers, batching plants, transit mixers, boom pumps, concrete pumps, self-propelled boom pumps, slip-form pavers, and 3D concrete printers. The company operates through 51 dealerships across 23 states in India, providing 114 touchpoints, including 34 service centers. Additionally, 25 dealers and distributors are established across South and Southeast Asia, the Middle East, and Africa. As of September 30, 2024, Ajax Engineering has supplied concrete equipment and spare parts to over 15,700 customers.