Ajax Engineering IPO
Engineering/Infra - Listed on 17 February 2025
Ajax Engineering IPO listing summary
Ajax Engineering (Engineering/Infra) closed its IPO window in 2025 and listed on NSE and BSE on 17 February 2025 at an upper band issue price of Rs 629, opening at Rs 576 for a listing gain of -8.4% and closing day one at Rs 595.4 (-5.3% on closing basis). The IPO was subscribed 6.43x overall - QIB 14.41x, HNI/NII 6.46x, Retail 1.90x. The total issue size was Rs 1,269.35 Cr (Fresh Issue Rs 0 Cr, OFS Rs 1269.35 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
Listing day performance
Subscription breakdown
Final (Day 3) subscription
Number of times each investor category subscribed by close of Day 3.
Day-wise overall subscription
How overall subscription built up across the three-day issue window.
Ajax Engineering IPO GMP history
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | Rs 45 | +7.15% |
| Day 2 | Rs 45 | +7.15% |
| Day 3 | Rs 50 | +7.95% |
| Day 4 | Rs 20 | +3.18% |
| Day 5 | Rs 12 | +1.91% |
GMP Prediction vs IPOGyani AI Prediction
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
Issue & financials
Market context at listing
How the broader market moved around the Ajax Engineering IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
Ajax Engineering IPO - FAQs
What was the listing gain of Ajax Engineering IPO?
Ajax Engineering IPO listed at -8.4% versus the upper issue price of Rs 629 on 17 February 2025.
How many times was Ajax Engineering IPO subscribed?
Ajax Engineering IPO was subscribed 6.43x overall. QIB portion was subscribed 14.41x, HNI / NII 6.46x and Retail 1.90x.
What was the IPO GMP for Ajax Engineering?
IPO GMP started at Rs 45 on Day 1 and moved to Rs 12 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.