Mumbai, Feb. 13 -- The initial public offer (IPO) of Ajax Engineering received 9,12,11,951 bids for shares as against 1,41,49,997 shares on offer. The issue was subscribed 6.45 times.

The Qualified Institutional Buyers (QIBs) category was subscribed 14.41 times. The Non-Institutional Investors (NIIs) category was subscribed 6.47 times. The Retail Individual Investors (RIIs) category was subscribed 1.93 times.

The issue opened for bidding on 10 February 2025 and it closed on 12 February 2025. The price band of the IPO was fixed between Rs 599 to 629 per share.

The issue comprised only an Offer for Sale (OFS) of up to 2.01 crore equity shares, with 1.27 crore shares offered by the promoter and the remaining by the investor selling shareh...