<p>New Delhi: Shares of Ajax Engineering Ltd on Monday listed on the bourses with a discount of over 8 per cent against the issue price of Rs 629.</p>.<p>The stock began the trade at Rs 593, a discount of 5.72 per cent on the BSE. It later dropped 10.17 per cent to Rs 565.</p>.Adani-backed firm among three finalists in India's small satellite launch rocket privatisation.<p>At the NSE, it listed at Rs 576, registering a decline of 8.42 per cent.</p>.<p>The company's market valuation stood at Rs 6,613.29 crore.</p>.<p>The initial public offering of concrete equipment manufacturer Ajax Engineering Ltd got fully subscribed on the last day of bidding on Wednesday, ending the three-day share sale with 6.45 times subscription.</p>.<p>The initial share sale had a price band of Rs 599-629 per share.</p>.<p>The Bengaluru-headquartered company's Rs 1,269-crore initial share sale had an offer-for-sale (OFS) component of 2.01 crore shares.</p>.<p>Ajax Engineering is a leading concrete equipment manufacturer with a comprehensive range of related equipment, services and solutions across the concrete application value chain.</p>.<p>The company operates four assembling and manufacturing facilities in Karnataka, each specialising in distinct product lines.</p>
<p>New Delhi: Shares of Ajax Engineering Ltd on Monday listed on the bourses with a discount of over 8 per cent against the issue price of Rs 629.</p>.<p>The stock began the trade at Rs 593, a discount of 5.72 per cent on the BSE. It later dropped 10.17 per cent to Rs 565.</p>.Adani-backed firm among three finalists in India's small satellite launch rocket privatisation.<p>At the NSE, it listed at Rs 576, registering a decline of 8.42 per cent.</p>.<p>The company's market valuation stood at Rs 6,613.29 crore.</p>.<p>The initial public offering of concrete equipment manufacturer Ajax Engineering Ltd got fully subscribed on the last day of bidding on Wednesday, ending the three-day share sale with 6.45 times subscription.</p>.<p>The initial share sale had a price band of Rs 599-629 per share.</p>.<p>The Bengaluru-headquartered company's Rs 1,269-crore initial share sale had an offer-for-sale (OFS) component of 2.01 crore shares.</p>.<p>Ajax Engineering is a leading concrete equipment manufacturer with a comprehensive range of related equipment, services and solutions across the concrete application value chain.</p>.<p>The company operates four assembling and manufacturing facilities in Karnataka, each specialising in distinct product lines.</p>