Bookbuilding IPO | ₹[.] Cr | Listing at BSE, NSE |
SEBI has approved the Initial Public Offer (IPO) of Ajay Poly Ltd. on April 30, 2025. The company will proceed with next steps to launch the Initial Public Offer (IPO) subject to market conditions and other approvals. The SEBI approval is valid for 12 months.
Ajay Poly Ltd. IPO is a Book Build Issue
The equity shares are proposed to be listed on NSE and BSE. Motilal Oswal Investment Advisors Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to Ajay Poly IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹1 per share |
| Price Band | |
| Lot Size | |
| Sale Type | OFS only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Wed, Jan 1, 2025 |
| SEBI/Exchange approval received | Wed, Apr 30, 2025 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Offer |
| Retail Shares Offered | Not less than 35.00% of the Net Offer |
| NII Shares Offered | Not more than 15% of the Net Offer |
Incorporated in, Ajay Poly Limited is engaged in the manufacturing of refrigeration sealing solutions, profile extrusion, and glass products for the appliance industry.
The company specializes in toughened glass products, polymer extrusion products, magnet powders, and magnetic solutions for various applications.
The company offers refrigerator door gaskets, thermoplastic profiles, magnetic strips, glass shelves, doors, and toughened glass components for appliances, serving sectors like consumer durables, commercial refrigeration, and automotive industries.
The company operates ten manufacturing facilities across India: five in Greater Noida, two in Maharashtra, and one each in Sanand, Mohali, and Chennai, strategically located near major OEM manufacturing hubs.
The company has an in-house design, development, tooling, and testing department in Greater Noida, specializing in optimizing, verifying, and improving OEM designs, providing a competitive edge in joint development with OEMs.
Products Segment:
As of November 30, 2024, the company has 580 employees.
Competitive Strengths:
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 30 Jun 2023 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|---|
| Assets | 329.01 | 297.46 | 218.49 | 202.33 | 129.07 |
| Total Income | 130.74 | 366.39 | 87.82 | 242.25 | 142.72 |
| Profit After Tax | 12.16 | 22.53 | 7.63 | 12.99 | 3.64 |
| NET Worth | 105.50 | 93.27 | 78.15 | 70.52 | 54.28 |
| Reserves and Surplus | 104.57 | 92.34 | 77.22 | 69.58 | 53.39 |
| Total Borrowing | 129.13 | 119.15 | 94.21 | 82.50 | 44.82 |
| Amount in ₹ Crore | |||||
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 27.37% |
| ROCE | 22.37% |
| Debt/Equity | 1.28 |
| RoNW | 27.37% |
| PAT Margin | 6.12% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 98.03% |
Lead Manager Reports
Ajay Poly IPO is a main-board IPO of 0 equity shares of the face value of ₹1 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is .
The Ajay Poly IPO open and close dates are not available as of now.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Ajay Poly IPO using UPI as a payment gateway. Zerodha customers can apply in Ajay Poly IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Ajay Poly IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Ajay Poly IPO dates are not announced. Please check back again after some time.
Ajay Poly IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Ajay Poly IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Ajay Poly IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Ajay Poly IPO allotment status.
The Ajay Poly IPO listing date is not yet announced. The tentative date of listing is .
