Ajax Engineering is set to finalise the basis of allotment for its shares on Thursday, February 13. The IPO of the concrete equipment manufacturer saw a lukewarm response from investors. The company's initial public offering (IPO), which was open for bidding from February 10 to February 12, was fully subscribed on the final day of bidding, with an overall subscription of 6.45 times, as per NSE data.  

Ajax Engineering received bids for 9,12,11,951 shares against the 1,41,49,997 shares available. The Qualified Institutional Buyers (QIB) segment saw the highest demand, subscribing 14.41 times, followed by non-institutional investors (NII) at 6.47 times. Meanwhile, the Retail Individual Investors (RII) category was subscribed 1.93 times.

Here's how investors can check their allotment status through BSE, NSE, or the registrar's website. 

1. Visit (https://www.bseindia.com/investors/appli_check.aspx).  
2. Under ‘Issue Type,’ select ‘Equity.’  
3. Choose ‘Ajax Engineering Limited’ from the dropdown list.  
4. Enter your application number and PAN card details.  
5. Click ‘I am not a Robot’ and hit the search button.  

1. Go to the 
(https://www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp).  
2. Register and log in with your credentials.  
3. Select ‘Ajax Engineering Limited’ from the IPO list.  
4. Enter your IPO application number.  
5. Click ‘Submit’ to view the allotment status.  

1. Visit (https://linkintime.co.in/MIPO/Ipoallotment.html).  
2. Select ‘Ajax Engineering Limited’ from the dropdown list (visible only after allotment finalisation).  
3. Choose one of the three modes: Application Number, Demat Account Number, or PAN ID.  
4. Select ‘ASBA’ or ‘Non-ASBA’ as the application type.  
5. Enter the required details and captcha code.  
6. Click ‘Submit.’  

Ajax Engineering, backed by Kedaara Capital, raised over Rs 379 crore from anchor investors ahead of the IPO launch. The Bengaluru-based company's Rs 1,269-crore IPO was offered at a price band of Rs 599-629 per share. The IPO was a complete offer-for-sale (OFS) of 2.01 crore shares, meaning the company itself will not receive any proceeds. The shares were offloaded by promoters and an investor shareholder.  

Ajax Engineering is a leading manufacturer of concrete equipment, offering a range of products, services, and solutions across the concrete application value chain. The company operates four manufacturing and assembly facilities in Karnataka, each specialising in different product lines. ICICI Securities, Citigroup Global Markets India, JM Financial, Nuvama Wealth Management, and SBI Capital Markets acted as the book-running lead managers for the issue.