Ajax Engineering Ltd Share Price

(AJAXENGG)

Ajax Engineering Limited was incorporated as Ajax Fiori Engineering India Private Limited on July 3 1992 at Bengaluru Karnataka as a Private Limited Company issued by the Registrar of Companies. Pursuant to Scheme of Arrangement the Company name got changed from Ajax Fiori Engineering India Private Limited to Ajax Engineering Private Limited and a fresh Certificate of Incorporation was issued on March 15 2019 by the RoC. Subsequently the status of the Company converted to a Public Limited and the name of the Company got changed to Ajax Engineering Limited dated September 23 2024 issued by the Registrar of Companies Central Processing Centre.The Company is in the business of manufacturing selfloading concrete mixers SLCMs concrete batching plants and concrete pumps being used across various sectors. The concrete equipment is deployed across transportation projects such as roads railway lines underground tunnels elevated tracks flyovers and bridges irrigation projects such as reservoirs canals check dams and aqueducts and infrastructure projects involving landscaping drainage and/or construction of airports power plants factories oil and gas terminals among others.In addition to SLCM portfolio the Company has a large and diverse range of nonSLCM equipment that cater to various aspects of the concrete production transportation placement and paving processes. NonSLCM product portfolio includes batching plants for concrete production transit mixers for concrete transportation boom pumps concrete pumps selfpropelled boom pumps for concrete placement and slipform pavers. The Company started developing the SelfLoading Concrete Mixer in India during the year 1992. In 2012 the Company inaugurated second plant at Doddaballapur Karnataka to manufacture SLCMs introduced the JSP concrete pump in 2013 established third facility in Gowribidanur Karnataka for assembly of concrete batching plants in 2014 established fourth facility in Doddaballapur Karnataka for manufacturing SLCMs in 2018.Following the approval from National Company Law Tribunal Bengaluru the Scheme of Arrangement between the Company Ajax Construtech Private Limited and Premerger AEPL the various undertakings of Premerger AEPL and Ajax Construtech Private Limited got merged into the Company in May 2018. As consideration for the said Demerger the Company allotted 6.9161 Equity Shares of the Company for every 1 equity share held by the equity shareholders in Premerger AEPL and five Equity Shares each of the Company to shareholders of Ajax Construtech Private Limited. Resulting this the Scheme of Arrangement was given effect from April 1 2018 and made operational from March 6 2019.In 2019 the Company launched slipform paver the first indigenous paver designed and manufactured in India launched Self Propelled Boom Pump SPBP and in 2023 it launched 3D Concrete Printing Machine.The Company is planning an Initial Public Offer of 22881718 Equity Shares of Face Value of Re 1 each through Offer for Sale..

Share Price: ₹590.15 per share as on 13 Mar, 2025 04:01 PM
Market Capitalisation: ₹6,751.72Cr as of today
Listing date: 17 Feb, 2025
Chairperson Name: Krishnaswamy Vijay