Ajax Engineering IPO, Feb. 10 -- The initial public offering (IPO) of Ajax Engineering Limited has hit the Indian primary market today and will remain open until 12 February 2025. The engineering company has declared Ajax Engineering IPO price band at Rs.599 to Rs.629 per equity share, and the book build issue generated Rs.379.32 crore from the anchor investors. The public issue is proposed for listing on the BSE and the NSE. The company aims to raise Rs.1,269.35 crore from the initial offer. Meanwhile, company shares will be available in the grey market before the Ajax Engineering IPO subscription opens. According to stock market observers, shares of Ajax Engineering Limited are available at a premium of Rs.56 in the grey market today.
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