Ajax Engineering IPO GMP History
Ajax Engineering IPO has been listed on February 17, 2025 at a listing price of ₹576, against the issue price of ₹629 — a loss of ₹53 (-8.43%). The GMP peaked at ₹55 on 5 February 2025 and reached a low of ₹1 on 16 February 2025. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Ajax Engineering IPO raised ₹1268.93 Cr. through its IPO at a price band of ₹599 to ₹629 per share, with a lot size of 23 shares. The IPO was open for subscription from 10 Feb 2025 to 12 Feb 2025.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 10 Nov, 1:05 AM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 16 Feb 2025 | ₹ 1 | ▼ | -- | — | — |
| 15 Feb 2025 | ₹ 2 | ▼ | -- | — | — |
| 14 Feb 2025 | ₹ 4 | ▼ | 1% | — | — |
| 13 Feb 2025 | ₹ 7 | ▼ | 1% | — | — |
| 12 Feb 2025 | ₹ 8 | — | 1% | — | — |
| 11 Feb 2025 | ₹ 8 | ▼ | 1% | — | — |
| 10 Feb 2025 | ₹ 19 | ▼ | 3% | — | — |
| 08 Feb 2025 | ₹ 54 | ▲ | 9% | — | — |
| 07 Feb 2025 | ₹ 42 | ▼ | 7% | — | — |
| 05 Feb 2025 | ₹ 55 | — | 9% | — | — |
Ajax Engineering IPO dates
Key dates from opening to listing. Today is 10 November.
- Open 10 Feb 2025
- Close 12 Feb 2025
- Allotment 13 Feb 2025
- Refund/credit 14 Feb 2025
- Listing 17 Feb 2025
Ajax Engineering IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹629 |
|---|---|
| GMP-based estimate (pre-listing) | ₹630 (+0.2%) |
| Listing gain / loss | −₹53 per share |
| Listing date | 17 Feb, 2025 |
| Actual listing price | ₹576 (-8.43%) |
Is Ajax Engineering IPO GMP reliable?
Grey market premium for Ajax Engineering IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- 01Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- 02Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- 03Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- 04Cross-check before acting: Review the Ajax Engineering IPO full review for a fundamentals-based assessment before making any grey market trades.
Ajax Engineering IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Ajax Engineering IPO was not available during the subscription period. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not available for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Ajax Engineering IPO
Ajax Engineering Limited was incorporated in July 1992. It makes equipment across the concrete value chain. The range includes self-loading concrete mixers, batching plants, transit mixers, boom pumps, concrete pumps, slip-form pavers and 3D concrete printers.
On 30 September 2024 the company had developed 141 equipment variants. Its design and engineering team had 79 full-time employees. It has four facilities in Karnataka, at Obadenahalli, Gowribidanur and Bashettihalli.
Sales run through 51 dealerships across 23 states, with 114 touchpoints, and 25 dealers and distributors outside India. The company had sold equipment and spare parts to over 15,700 customers.
The IPO was entirely an offer for sale of Rs 1,268.93 crore, so the company received no money from it.
Frequently asked
What is the GMP of Ajax Engineering IPO?
The current Grey Market Premium (GMP) of Ajax Engineering IPO is ₹ 1.
What is the Kostak Price of Ajax Engineering IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Ajax Engineering IPO is not available.
What is the Subject to Sauda Price of Ajax Engineering IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is not available.
What was the actual listing price of Ajax Engineering IPO?
Ajax Engineering IPO listed on February 17, 2025 at ₹576, against the issue price of ₹629 — a loss of -8.43%.
How did the GMP of Ajax Engineering IPO trend before listing?
The GMP of Ajax Engineering IPO was falling in its final days before listing. The GMP peaked at ₹55 on 5 February 2025. View the day-wise table above for the complete GMP history.
Explore Ajax Engineering IPO further
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
