Mumbai, Feb. 12 -- The initial public offer (IPO) of Ajax Engineering received 9,11,43,871 bids for shares as against 1,41,49,997 shares on offer, according to stock exchange data at 17:30 IST on Wednesday (12 February 2025). The issue was subscribed 6.44 times.

The issue opened for bidding on 10 February 2025 and it will close on 12 February 2025. The price band of the IPO was fixed between Rs 599 to 629 per share. An investor can bid for a minimum of 23 equity shares and in multiples thereof.

The issue comprises 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 shareholder.

The company will not receive any proceeds from the offer. E...