Comparison between Ajax Engineering IPO and Arisinfra Solutions IPO.
Ajax Engineering IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Arisinfra Solutions IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.
The total issue size of Ajax Engineering IPO is up to ₹1,268.93 Cr whereas the issue size of the Arisinfra Solutions IPO is up to ₹499.60 Cr. The final issue price of Ajax Engineering IPO is ₹629.00 per share and of Arisinfra Solutions IPO is ₹222.00 per share.
| Ajax Engineering IPO | Arisinfra Solutions IPO | |
|---|---|---|
| Face Value | ₹1 per share | ₹2 per share |
| Issue Price (Lower) | ₹599.00 per share | ₹210.00 per share |
| Issue Price (Upper) | ₹629.00 per share | ₹222.00 per share |
| Issue Price (Final) | ₹629.00 per share | ₹222.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ₹59.00 per share | ₹0.00 per share |
| Market Lot Size | 23 shares | 67 shares |
| Fresh Issue Size | 0 shares | 2,25,04,324 shares |
| Fresh Issue Size (Amount) | up to ₹0.00 Cr | up to ₹499.60 Cr |
| OFS Issue Size | 2,01,80,446 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹1,268.93 Cr | up to ₹0.00 Cr |
| Issue Size Total | 2,01,80,446 shares | 2,25,04,324 shares |
| Issue Size Total (Amount) | up to ₹1,268.93 Cr | up to ₹499.60 Cr |
Ajax Engineering IPO opens on Feb 10, 2025, while Arisinfra Solutions IPO opens on Jun 18, 2025. The closing date of Ajax Engineering IPO and Arisinfra Solutions IPO is Feb 12, 2025, and Jun 20, 2025, respectively.
| Ajax Engineering IPO | Arisinfra Solutions IPO | |
|---|---|---|
| Anchor Bid Date | Feb 07, 2025 | Jun 17, 2025 |
| Issue Open | Feb 10, 2025 | Jun 18, 2025 |
| Issue Close | Feb 12, 2025 | Jun 20, 2025 |
| Basis Of Allotment (Tentative) | Feb 13, 2025 | Jun 23, 2025 |
| Initiation of Refunds (Tentative) | Feb 14, 2025 | Jun 24, 2025 |
| Credit of Share (Tentative) | Feb 14, 2025 | Jun 24, 2025 |
| Listing date (Tentative) | Feb 17, 2025 | Jun 25, 2025 |
| Anchor Lockin End date 1 | Mar 14, 2025 | Jul 22, 2025 |
| Anchor Lockin End date 2 | May 13, 2025 | Sep 20, 2025 |
Ajax Engineering IPO P/E ratio is 31.96, as compared to Arisinfra Solutions IPO P/E ratio of -41.89.
| Ajax Engineering IPO | Arisinfra Solutions IPO | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated)
| Company Financials (Restated Consolidated)
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 93.5 | 51.67 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 80 | 37.5 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 31.96 | -41.89 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹7196.19 Cr. | ₹1799.28 Cr. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 24.53% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 32.82% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.01 | 1.45 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹19.68 | ₹-5.30 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 19.39% | -13.14% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Ajax Engineering IPO Retail Individual Investors (RII) are offered 70,35,525 shares while in Arisinfra Solutions IPO retail investors are offered 70,35,525 shares. Qualified Institutional Buyers (QIB) are offered 40,20,300 shares in Ajax Engineering IPO and 67,51,298 shares in Arisinfra Solutions IPO.
| Ajax Engineering IPO | Arisinfra Solutions IPO | |
|---|---|---|
| Anchor Investor Reservation | 60,30,449 shares | 1,01,26,946 shares |
| Market Maker Reservation | 0 shares | |
| QIB | 40,20,300 shares | 67,51,298 shares |
| NII | 30,15,225 shares | 33,75,648 shares |
| RII | 70,35,525 shares | 22,50,432 shares |
| Employee | 78,947 shares | |
| Others | ||
| Total | 2,01,80,446 shares | 2,25,04,324 shares |
Ajax Engineering IPO subscribed 6.06x in total, whereas Arisinfra Solutions IPO subscribed 2.80x.
| Ajax Engineering IPO | Arisinfra Solutions IPO | |
|---|---|---|
| QIB (times) | 13.04x | 1.50x |
| NII (times) | 6.46x | 3.32x |
| Big NII (times) | 7.67x | 2.98x |
| Small NII (times) | 3.58x | 3.61x |
| RII (times) | 1.94x | 5.90x |
| Employee (times) | 2.62x | |
| Other (times) | ||
| Total (times) | 6.06x | 2.80x |
