Ajax Engineering IPO Upcoming
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About Ajax Engineering
Ajax Engineering, headquartered in Bengaluru, India, is a manufacturer of construction machinery, specializing in self-loading concrete mixers, batching plants, concrete pumps, and related equipment. Established in 1992, the company has expanded its operations both domestically and internationally, serving markets across Asia, Africa, and the Middle East. Over the years, Ajax Engineering has expanded its manufacturing capabilities and service network to support a growing customer base. The company emphasises product customisation and operational efficiency to meet diverse construction needs, from small-scale projects to large infrastructure developments. With a presence in multiple countries, Ajax continues to engage in the competitive global construction equipment industry.
Financials of Ajax Engineering
*All figures are in ₹ Crores.
Issue size
| Funds Raised in the IPO | Amount |
| Overall | Up to [●] equity shares of face value of ₹1 each aggregating up to ₹[●] million |
| Offer for sale | up to 22,881,718 Equity shares of face value of ₹1 each aggregating up to ₹[●] million |
Strengths
- Fast-growing SLCM market
- Diversified customer base
- Comprehensive range of
- concrete equipment, services and solutions across the concrete application value chain
- Large dealer network
Risks
- Business is seasonal in nature
- Fluctuations in prices of materials, and disruptions in the timely availability of materials could have an adverse effect on the business
- All the assembling and manufacturing facilities are located in Karnataka, which may expose them to regional risks that could adversely affect the business
- Disruptions in our dealer network can significantly impact sales, distribution, and after-sales service, adversely affecting our business.
- Our Company, Promoters, and Directors are involved in outstanding legal proceedings.