Ajax Engineering IPO Subscription Status
Ajax Engineering IPO was subscribed 6.06 times when bidding closed on 12 Feb 2025: QIB 13.04x, NII 6.46x, Retail 1.94x.
The Ajax Engineering IPO has been subscribed 6.06x times overall. Retail investors have shown interest with bids for 1.94x the shares available. The Non-Institutional Investor (NII) category has been subscribed 6.46x. Within NII, Big HNI (B-HNI) subscribed 7.67x and Small HNI (S-HNI) subscribed 3.58x. Qualified Institutional Buyers (QIBs) have subscribed 13.04x. Data last updated on 10 Nov, 01:05 AM.
The IPO subscription period has ended. The issue opened on 10 Feb, 2025 and closes on 12 Feb, 2025. The shares are expected to list on stock exchanges on 17 Feb, 2025.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Live bidding
Shares bid against shares offered, category by category, as published by the exchanges. Summary splits NII into bHNI (above ₹10 lakh) and sHNI (₹2–10 lakh); switch to Detailed for the exchange's own sub-category rows.
| Category | Bid details | Times |
|---|---|---|
| QIB | - of - - | 13.04x |
| NII | - of - - | 6.46x |
bHNI — bid amount above ₹10 Lakh |
- - | 7.67 |
sHNI — bid amount ₹2–10 Lakh |
- - | 3.58 |
| Retail | - of - - | 1.94x |
| Employee | - of - - | 2.62x |
| TOTAL | - 2,81,730 applications - | 6.06x |
Ajax Engineering IPO Basis of Allotment
Final Final figures published by the registrar, after technical rejections. Allotment price ₹629.
| Category | AppsApplications | GotAllottees | Odds |
|---|---|---|---|
| TOTAL 4.84x subscribed | 2,81,730 | 2,72,687 | 15 out of 1615 out of 16 |
Ajax Engineering IPO allotment probability
Your odds of an allotment in each category at the current subscription.
Odds = allotment slots ÷ applications, or the subscription multiple where counts aren't available. Retail and HNI allotment is by lottery; QIB is proportionate. Not investment advice.
Subscription insights
What the current book is saying, read off the category numbers above.
Retail Allotment
Subscription is above 1x. While a lottery is guaranteed, your probability of allotment is approximately 51.5% for a single lot.
Institutional Backing
Massive institutional interest with QIBs subscribing 13.04x. This often signals long-term confidence from professional funds.
Day-wise subscription history
End-of-day subscription across the 3-day bidding window. On phones, tap a day for the category split.
| Date | Total | ||
|---|---|---|---|
|
12 Feb 2025
Day 3 |
6.06x | ▼ | |
|
QIB13.04x
BHNI7.67x
SHNI3.58x
Retail1.94x
Employee2.62x
|
|||
|
11 Feb 2025
Day 2 |
0.48x | ▼ | |
|
QIB0.33x
BHNI0.52x
SHNI0.78x
Retail0.51x
|
|||
|
10 Feb 2025
Day 1 |
0.28x | ▼ | |
|
QIB0.26x
BHNI0.24x
SHNI0.36x
Retail0.29x
|
|||
Ajax Engineering IPO dates
From the bidding window 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
Anchor investor allocation
Shares allotted to anchor investors the working day before the issue opened.
What does this subscription data mean?
IPO subscription data tells you how much demand exists for the shares being offered, broken down by investor category. Understanding each category helps you gauge the real sentiment behind the numbers:
- 01 QIB (Qualified Institutional Buyers) — includes mutual funds, FIIs, insurance companies, and banks. QIBs do deep due diligence before bidding. A QIB subscription above 10x is a strong institutional endorsement. Watch QIB numbers closely on the final day — they often hold back and flood in after 3 PM.
- 02 NII / HNI (Non-Institutional Investors) — high-net-worth individuals bidding above ₹2 lakh. NII allotment is proportionate (not lottery), so higher NII subscription means smaller per-lot allotment. Big HNI (B-HNI) bids above ₹10 lakh; Small HNI (S-HNI) bids ₹2–10 lakh.
- 03 Retail — individual investors bidding up to ₹2 lakh. When retail is below 1x, everyone who applied gets full allotment. When oversubscribed, SEBI mandates a computerised lottery — only 1 lot per successful applicant regardless of how many lots you apply for.
- 04 Overall Subscription — a blended multiple across all categories. A total subscription above 10x is considered strong; above 50x is exceptional and usually predicts strong listing gains.
Data sourced from BSE/NSE. Subscription numbers are updated during bidding hours (10 AM – 5 PM IST) on active subscription days.
Frequently asked
What is the current subscription status of Ajax Engineering IPO?
As of IPO close date (12 Feb, 2025), the Ajax Engineering IPO is subscribed 6.06x times. Retail category is 1.94x, and NII is 6.46x subscribed.
When is the allotment date for Ajax Engineering IPO?
The allotment for Ajax Engineering IPO is expected to be finalized on 13 February, 2025.
What is the GMP of Ajax Engineering?
The Grey Market Premium (GMP) for Ajax Engineering is currently ₹1, indicating a potential listing gain of 0%.
When will Ajax Engineering IPO list on the stock market?
Ajax Engineering is scheduled to list on BSE and NSE on 17 February, 2025.
What are the chances of getting allotment in Ajax Engineering IPO?
The retail category is oversubscribed at 1.94x, meaning allotment is by lottery. Statistically, approximately 1 in 2 applicants will receive allotment. Applying with multiple family member accounts (each at minimum lot size) improves your cumulative odds.
What does QIB subscription of 13.04x mean for Ajax Engineering IPO?
Strong — QIBs (mutual funds, FIIs, insurance companies) have subscribed 13.04x, indicating high institutional conviction. Heavy QIB demand is historically one of the strongest predictors of a positive listing.
How to check Ajax Engineering IPO allotment status?
After the allotment date (13 Feb, 2025), you can check your Ajax Engineering IPO allotment status on IPO Guru's allotment checker, on the BSE/NSE website using your PAN or application number, or through your broker's app.
Explore Ajax Engineering IPO further
Track every stage of this IPO, from subscription to listing.
It has listed — go back to the fundamentals.
Live grey market premium, Kostak and Subject to Sauda, with the day-wise trend.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
Subscription moves by the hour. Get it on your phone.
Live GMP alerts, subscription updates and allotment status for every Mainboard and SME issue — fast, free and secure.
Not investment advice. Subscription figures are as published by BSE/NSE and change until bidding closes.
