New Delhi, Feb. 17 -- Ajax Engineering shares made a weak debut on Monday, February 17, listing at Rs.576 on NSE, a discount of 8.43 per cent to its issue price of Rs.629. Meanwhile, on BSE, it listed at Rs.593, down 5.7 per cent.

Ajax Engineering's initial public offering (IPO), valued at Rs.1,269.35 crore, was open for subscription from February 10 to February 12.

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 6.46 times. Moreover, the qualified institutional buyers (QIB) quo...