Ajax Engineering IPO, Feb. 6 -- Ajax Engineering, a concrete equipment manufacturer backed by Kedaara Capital, will launch its initial public offering (IPO) for public subscription from February 10 to 12. Additionally, the bidding process for anchor investors will take place for one day on February 7, as announced by the company.

The Bengaluru-based firm has set a price band of Rs.599 to Rs.629 per share for its IPO, which is valued at Rs.1,269 crore. The IPO consists entirely of an offer-for-sale (OFS) of 2.01 crore shares by its promoters and an investor stakeholder, amounting to Rs.1,269 crore at the highest price point.

As part of the OFS, Kedaara Capital plans to sell 74.37 lakh shares. Since this public offering is entirely an OFS...