New Delhi, Feb. 12 -- Ajax Engineering initial public offering has closed for bidding on February 12. The mainboard IPO, which opened for subscription on February 10, was subscribed 6.44 times on day 3.

Ajax Engineering is a prominent manufacturer of concrete equipment, providing a wide array of equipment, services, and solutions throughout the concrete application value chain.

The company has four manufacturing and assembly plants in Karnataka, with each focusing on different product lines. In addition, a manufacturing and assembly facility is currently being built at Adinarayana Hosahalli, Karnataka, and is projected to be operational by August 2025.

The three-day IPO of Ajax Engineering, which concluded today, was booked 6.44 times ...