Promoters of the company will release all 2,01,80,446 shares through OFS
Ajax Engineering IPO GMP: Ajax engineering IPO will open for subscription from today. This IPO, which is opening on Monday, February 10, will be closed on the third day i.e. Wednesday, February 12. This company associated with the engineering sector wants to raise a total of Rs 1269.35 crore from its IPO. The company has fixed a price band of Rs 599 to Rs 629 for each stock with a face value of Rs 1 under its IPO. However, the company’s employees will be given a discount of Rs 59 on each stock. It is a mainboard IPO, which will be listed on both BSE and NSE major exchanges.
Promoters of the company will release all 2,01,80,446 shares through OFS
Let us tell you that not a single fresh shares will be issued under this IPO. Promoters of the company will issue all 2,01,80,446 shares of Rs 1269.35 crore through OFS. That is, this IPO is fully OFS based. The shares will be allotted on Thursday, February 13, after the IPO is closed on Wednesday, February 12. Investors who do not get shares will be refunded on 14 February. Apart from this, shares will also be transferred to investors’ demat accounts on 14 February. Finally, on Monday, February 17, next week, the company will be listed in the stock market.
The stir started in the gray market even before the IPO opened
Even before the opening of the IPO of Ajax Engineering, there has been a stir on its shares in the gray market. On Monday, February 10, at 7.30 am, Ajax Engineering shares were trading with GMP of Rs 52 (8.27 percent). Let us tell you that on February 5, the company’s shares were trading with GMP of Rs 58. On 7 February, its price fell to 40 rupees. However, from the opening of the IPO to the list, it can see a lot of ups and downs.
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