Ajax Engineering IPO closes today; subscription rises 52%, GMP at 1%

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Ajax Engineering IPO closes today; subscription rises 52%, GMP at 1% - Business Standard

Quick Summary:

Non-Institutional Investors (NIIs) have bid for 68 per cent, while Retail Individual Investors (RIIs) have taken up 56 per cent of the allocated shares.

The company’s product portfolio includes self-loading concrete mixers (SLCM), batching plants, transit mixers, self-propelled boom pumps, concrete slip-form pavers, bin batching plants, and 3D concrete printers.

This represents a decrease from the record GMP of Rs 681 observed on the IPO’s opening day, February 10, 2025.