Ajax Engineering IPO
Ajax Engineering IPO is a mainboard IPO raising ₹1,269 Cr at ₹599 – ₹629 a share. It listed on 17 Feb 2025 and trades at ₹570 today, −9.5% against its issue price of ₹629. It was subscribed 6.45× in total.
6.4 times more demand than shares on offer
populated partly populated we hold nothing here — the tab says why
Who bid for it
| Investor category | Shares offered | Shares bid for | Subscribed |
|---|---|---|---|
| QIB Banks, funds and other large institutions | 40,20,300 | 5,79,46,016 | 14× |
| Foreign Institutional Investors | no separate quota | 3,15,58,622 | n/a |
| Domestic Financial Institutions | no separate quota | 83,17,743 | n/a |
| Mutual funds | no separate quota | 1,33,84,643 | n/a |
| Others | no separate quota | 46,85,008 | n/a |
| Non-institutional Wealthy individuals and companies bidding above ₹2 lakh | 30,15,225 | 1,94,95,237 | 6.47× |
| Non Institutional Investors | 20,10,150 | 1,58,30,509 | 7.88× |
| Corporates | no separate quota | 3,22,161 | n/a |
| Individuals | no separate quota | 1,37,31,299 | n/a |
| Others | no separate quota | 17,77,049 | n/a |
| Non Institutional Investors | 10,05,075 | 36,64,728 | 3.65× |
| Corporates | no separate quota | 19,481 | n/a |
| Individuals | no separate quota | 34,90,871 | n/a |
| Others | no separate quota | 1,54,376 | n/a |
| Retail Ordinary investors bidding up to ₹2 lakh | 70,35,525 | 1,35,63,767 | 1.93× |
| Cut Off | no separate quota | 1,08,96,779 | n/a |
| Price bids | no separate quota | 26,66,988 | n/a |
| Employees | 78,947 | 2,06,931 | 2.62× |
| Cut Off | no separate quota | 1,76,111 | n/a |
| Price Bids | no separate quota | 30,820 | n/a |
| Total | 1,41,49,997 | 9,12,11,951 | 6.45× |
Sub-categories read no separate quota rather than a dash: the exchange publishes bids at that level but never a reservation against them, so a subscription multiple does not exist — it is not missing data. Bids across both exchanges (NSE and BSE) — the figure usually quoted publicly. Last updated 25 Jul, 06:30 pm IST.
How demand built
Only one reading so far. We sample subscription every hour and store it whenever it moves, so this becomes a curve as bidding runs.