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IPO Synopsis

Ajax Engineering Ltd
Initial public offer of 20,180,446 equity shares of face value of Re. 1 each ("Equity Shares") of Ajax Engineering Limited ("Company" or "Issuer") for cash at a price of Rs. 629^ per equity share (including a share premium of Rs. 628^ per equity share) ("Offer Price") aggregating to Rs. 1268.88 crores^ (the "Offer"), through an offer for sale by the selling shareholders (defined below), consisting of 1,716,102 equity shares of face value of Re. 1 each aggregating to Rs. 107.90 crores^ by Krishnaswamy Vijay, 1,716,102 equity shares of face value of Re. 1 each aggregating to Rs. 107.90 crores^ by Kalyani Vijay, 2,288,136 equity shares of face value of Re. 1 each aggregating to Rs. 143.87 crores^ by Jacob Jiten John, 5,593,221 equity shares of face value of Re. 1 each aggregating to Rs. 351.69 crores^ by Jacob Hansen Family Trust (collectively referred to as "Promoter Selling Shareholders"), 7,436,800 equity shares of face value of Re. 1 each aggregating to Rs. 467.60 crores^ by Kedaara Capital Fund ii llp ("Kedaara Capital", the "Investor Selling Shareholder") and 1,430,085 equity shares of face value of Re. 1 each aggregating to Rs. 89.92 crores^ by Susie John ("Promoter Group Selling Shareholder") (the promoter selling shareholders, along with the investor selling shareholder and promoter group selling shareholder, collectively referred to as the "Selling Shareholders") ("Offer for Sale", and together, the "Offer"). The offer included a reservation of 78,947 equity shares of face value of Re. 1 each (constituting to 0.07% of the post-offer paid-up equity share capital of the company) aggregating to Rs. 4.50 crores^ for subscription by eligible employees (as defined hereinafter) (the "Employee Reservation Portion"). The offer less the employee reservation portion is hereinafter referred to as the "Net Offer". The company, in consultation with the book running lead managers, offered a discount of to 9.38% to the offer price equivalent of Rs. 59.00 per equity share to eligible employees bidding in the employee reservation portion ("Employee Discount"). ^A discount of Rs. 59.00 per equity share was offered to eligible employees bidding in the employees reservation portion. The offer and the net offer constitutes 17.64% and 17.57% of its post-offer paid-up equity share capital of the company respectively. The offer price is 629 times the face value of the equity shares.
Issue
Opens On Closes On
10-Feb-25 12-Feb-25
Money Payable On
Application Allotment
629.00 0.00
Minimum Application for shares in Nos : 23 Further Multiples of : 23
Cr Lead Managers to the Issue
Project Cost (.Cr) 0.00 Citigroup Global Markets India Pvt Ltd
Project Financed through Current Offer (.Cr) 1268.88  
Post Issue Equity Share Capital (.Cr) 11.44
Issue Price () 629.00
Projects
Listing the Equity Shares on the Stock Exchanges
Promoted By
Krishnaswamy Vijay
Jacob Jiten John
Kalyani Vijay
Listing At
BSE
NSE
Registrar to the Issue
MUFG Intime India Pvt Ltd