Ajax Engineering’s IPO saw a strong response, with a 6x overall subscription and 13x in institutional categories. Despite this, a flat debut is expected, with a GMP of Rs 0. The company is known for its significant innovations in concrete equipment, including the SLCM with load cell technology.
Mcap of 8 of top-10 firms erodes by Rs 1.55L cr
Recently, the market witnessed a downturn, with eight of the leading firms in India suffering major valuation losses. The declines of HDFC Bank and Bajaj