Ajax Engineering's IPO Marks a Milestone for Growth

07 Feb 2025 CW Team

Ajax Engineering, a key player in the concrete equipment industry, has announced its initial public offering (IPO) with a price band of Rs 599-629 per share, aiming to raise Rs 1,269 crore through an offer-for-sale (OFS) of 2.01 crore shares. The IPO, opening for public subscription from February 10 to 12, will allow anchor investors to bid starting February 7. As an OFS, Ajax Engineering will not receive any proceeds from the sale.

Headquartered in Bengaluru, Ajax operates four advanced manufacturing facilities in Karnataka and is set to expand further with plans for a new plant by 2025. The company reported strong financial results for FY24, with a revenue of Rs 1,741 crore and a profit after tax of Rs 225 crore.

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

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Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..