Ajax Engineering Ltd - IPO

Ajax Engineering Ltd IPO Details

Initial public offer of 20,180,446 equity shares of face value of Re. 1 each (Equity Shares) of Ajax Engineering Limited (Company or Issuer) for cash at a price of Rs. 629^ per equity share (including a share premium of Rs. 628^ per equity share) (Offer Price) aggregating to Rs. 1268.88 crores^ (the Offer), through an offer for sale by the selling shareholders (defined below), consisting of 1,716,102 equity shares of face value of Re. 1 each aggregating to Rs. 107.90 crores^ by Krishnaswamy Vijay, 1,716,102 equity shares of face value of Re. 1 each aggregating to Rs. 107.90 crores^ by Kalyani Vijay, 2,288,136 equity shares of face value of Re. 1 each aggregating to Rs. 143.87 crores^ by Jacob Jiten John, 5,593,221 equity shares of face value of Re. 1 each aggregating to Rs. 351.69 crores^ by Jacob Hansen Family Trust (collectively referred to as Promoter Selling Shareholders), 7,436,800 equity shares of face value of Re. 1 each aggregating to Rs. 467.60 crores^ by Kedaara Capital Fund ii llp (Kedaara Capital, the Investor Selling Shareholder) and 1,430,085 equity shares of face value of Re. 1 each aggregating to Rs. 89.92 crores^ by Susie John (Promoter Group Selling Shareholder) (the promoter selling shareholders, along with the investor selling shareholder and promoter group selling shareholder, collectively referred to as the Selling Shareholders) (Offer for Sale, and together, the Offer). The offer included a reservation of 78,947 equity shares of face value of Re. 1 each (constituting to 0.07% of the post-offer paid-up equity share capital of the company) aggregating to Rs. 4.50 crores^ for subscription by eligible employees (as defined hereinafter) (the Employee Reservation Portion). The offer less the employee reservation portion is hereinafter referred to as the Net Offer. The company, in consultation with the book running lead managers, offered a discount of to 9.38% to the offer price equivalent of Rs. 59.00 per equity share to eligible employees bidding in the employee reservation portion (Employee Discount). ^A discount of Rs. 59.00 per equity share was offered to eligible employees bidding in the employees reservation portion. The offer and the net offer constitutes 17.64% and 17.57% of its post-offer paid-up equity share capital of the company respectively. The offer price is 629 times the face value of the equity shares.

Objective of issue

Listing the Equity Shares on the Stock Exchanges.

Ajax Engineering Ltd Contact Details

Ajax Engineering Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

Phone - 91-22-49186000

Fax - 91-22-49186060

Email - complianceofficer@ajax-engg.com

Website - www.ajax-engg.com