Ajax Engineering IPO, Feb. 12 -- The public offering of concrete equipment manufacturer Ajax Engineering has been completely subscribed on the final day of bidding, today, as qualified institutional buyers (QIBs) swooped in to save the day. After facing challenges during the first two days, where the employee segment attracted significant interest, the issue has ultimately been fully booked on the third day.

The Bengaluru-based company's initial share sale, valued at Rs.1,269 crore, began on Monday, February 10, and will wrap up today, Wednesday, February 12. The company has established a price band of Rs.599-629 per share.

As of the second day of bidding on Tuesday, February 11, the subscription status for the Ajax Engineering IPO was ...