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Ajax Engineering IPO vs Hexaware Technologies IPO

Comparison between Ajax Engineering IPO and Hexaware Technologies IPO.

IPO Details

Ajax Engineering IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Hexaware Technologies IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.

 Ajax Engineering IPOHexaware Technologies IPO
LogoAjax Engineering IPO LogoHexaware Technologies IPO Logo
Issue CategoryMainboardMainboard
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtBSE, NSEBSE, NSE
Lead ManagersSBI Capital Markets Ltd.

Nuvama Wealth Management Ltd.

JM Financial Ltd.

Citigroup Global Markets India Pvt.Ltd.

ICICI Securities Ltd.		IIFL Capital Services Ltd.

HSBC Securities & Capital Markets (India) Pvt.Ltd.

JP Morgan India Pvt.Ltd.

Citigroup Global Markets India Pvt.Ltd.

Kotak Mahindra Capital Co.Ltd.
RegistrarMUFG Intime India Pvt.Ltd.Kfin Technologies Ltd.
Market Maker
DRHPDRHP DRHP
RHPRHP RHP
Final ProspectusFinal Prospectus Final Prospectus
Anchor InvestorAnchor Investor Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Ajax Engineering IPO is up to ₹1,268.93 Cr whereas the issue size of the Hexaware Technologies IPO is up to ₹8,750.00 Cr. The final issue price of Ajax Engineering IPO is ₹629.00 per share and of Hexaware Technologies IPO is ₹708.00 per share.

 Ajax Engineering IPOHexaware Technologies IPO
Face Value₹1 per share₹1 per share
Issue Price (Lower)₹599.00 per share₹674.00 per share
Issue Price (Upper)₹629.00 per share₹708.00 per share
Issue Price (Final)₹629.00 per share₹708.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)₹59.00 per share₹67.00 per share
Market Lot Size23 shares21 shares
Fresh Issue Size0 shares0 shares
Fresh Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
OFS Issue Size2,01,80,446 shares12,36,15,318 shares
OFS Issue Size (Amount)up to ₹1,268.93 Crup to ₹8,750.00 Cr
Issue Size Total2,01,80,446 shares12,36,15,318 shares
Issue Size Total (Amount)up to ₹1,268.93 Crup to ₹8,750.00 Cr

IPO Timetable

Ajax Engineering IPO opens on Feb 10, 2025, while Hexaware Technologies IPO opens on Feb 12, 2025. The closing date of Ajax Engineering IPO and Hexaware Technologies IPO is Feb 12, 2025, and Feb 14, 2025, respectively.

 Ajax Engineering IPOHexaware Technologies IPO
Anchor Bid DateFeb 07, 2025Feb 11, 2025
Issue OpenFeb 10, 2025Feb 12, 2025
Issue CloseFeb 12, 2025Feb 14, 2025
Basis Of Allotment (Tentative)Feb 13, 2025Feb 17, 2025
Initiation of Refunds (Tentative)Feb 14, 2025Feb 18, 2025
Credit of Share (Tentative)Feb 14, 2025Feb 18, 2025
Listing date (Tentative)Feb 17, 2025Feb 19, 2025
Anchor Lockin End date 1Mar 14, 2025Mar 18, 2025
Anchor Lockin End date 2May 13, 2025May 17, 2025

Financials & KPIs

Ajax Engineering IPO P/E ratio is 31.96, as compared to Hexaware Technologies IPO P/E ratio of .

 Ajax Engineering IPOHexaware Technologies IPO
Financials

Company Financials (Restated)

Period Ended30 Sep 202431 Mar 202431 Mar 202331 Mar 2022
Assets1,348.761,236.14966.73735.31
Total Income794.161,780.071,172.57771.85
Profit After Tax101.02225.15135.9066.21
NET Worth995.84917.96713.80578.27
Reserves and Surplus984.40906.52702.36575.41
Total Borrowing6.2310.147.16
Amount in ₹ Crore

Company Financials (Restated Consolidated)

Period Ended30 Sep 202431 Dec 202330 Sep 202331 Dec 202231 Dec 2021
Assets8,594.207,202.107,021.206,514.005,673.50
Total Income8,871.3010,389.107,763.109,378.807,244.60
Profit After Tax853.30997.60804.80884.20748.80
NET Worth4,876.004,230.904,294.003,778.103,503.70
Reserves and Surplus4,816.704,171.604,234.703,719.103,444.80
Total Borrowing82.70
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)93.595.03
Promoter Shareholding (Post-Issue)8074.7
P/E Ratio31.96
Market Cap₹7196.19 Cr.₹43024.78 Cr.
ROE24.53%
ROCE32.82%
Debt/Equity0.01
EPS₹19.68
RoNW19.39%23.6%

Shares Offered

In the Ajax Engineering IPO Retail Individual Investors (RII) are offered 70,35,525 shares while in Hexaware Technologies IPO retail investors are offered 70,35,525 shares. Qualified Institutional Buyers (QIB) are offered 40,20,300 shares in Ajax Engineering IPO and 2,44,63,277 shares in Hexaware Technologies IPO.

 Ajax Engineering IPOHexaware Technologies IPO
Anchor Investor Reservation60,30,449 shares3,66,94,914 shares
Market Maker Reservation0 shares0 shares
QIB40,20,300 shares2,44,63,277 shares
NII30,15,225 shares1,83,47,458 shares
RII70,35,525 shares4,28,10,735 shares
Employee78,947 shares14,04,056 shares
Others
Total2,01,80,446 shares12,37,20,440 shares

Bids Received (Subscription)

Ajax Engineering IPO subscribed 6.06x in total, whereas Hexaware Technologies IPO subscribed 2.79x.

 Ajax Engineering IPOHexaware Technologies IPO
QIB (times)13.04x9.55x
NII (times)6.46x0.21x
Big NII (times)7.67x0.24x
Small NII (times)3.58x0.16x
RII (times)1.94x0.11x
Employee (times)2.62x0.33x
Other (times)
Total (times)6.06x2.79x

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