New Delhi, Feb. 17 -- Ajax Engineering shares make a weak debut on Monday, February 17, listing at Rs.576 on NSE, a discount of 8.43 percent versus its IPO price of Rs.629. Meanwhile, on BSE, it listed at Rs.593, down 5.7 percent from IPO price.

Ajax Engineering s initial public offering (IPO), valued at Rs.1,269.35 crore, was open for subscription from February 10 to February 12. The IPO price was fixed at Rs.629 per equity share.

Following the three days of bidding, Ajax Engineering IPO closed with strong demand, garnering 6.06 times bids. The IPO received bids for 8.57 crore shares against 1.41 crore shares on offer. The retail investor segment was booked 1.94 times, while the non-institutional investors (NII) category was subscribed...