Ajax Engineering’s initial public offering (IPO) is creating a buzz in the financial markets. As investors eagerly await the opportunity to invest in this promising company, several questions arise: Is Ajax Engineering’s business model halal? How much debt does the company have? In this article, we will explore these questions in detail, and give you a detailed overview of Ajax Engineering’s IPO and its financial health.
Ajax Engineering IPO: Key Details
The Ajax Engineering IPO is expected to attract a lot of attention from retail and institutional investors. Here are some key details about the IPO:
| issue open date | issue close date | allotment | share credit |
|---|---|---|---|
| 10 feb 2025 | 12 feb 2025 | 13 feb 2025 | 14 feb 2025 |
| price range | lot size | issue size | min. investment |
|---|---|---|---|
| रु 599-629 | 23 | 1,269.35cr | रु 13,777 |
How to check Ajax Engineering IPO allotment
Ajax Engineering IPO allotment will happen on 13 February 2025.
- to check Ajax Engineering IPO allotment status follow the steps below:
- click here link intime India private ltd
- select company name.
- enter PAN number,application number
- click on search
Is Ajax Engineering’s business Halal
For Muslim investors, it is important to ensure that their investments are in line with Islamic principles (Sharia compliant). To determine whether Ajax Engineering’s business is Halal, we need to evaluate its operations and financial practices:
- Main Business Activities: Ajax Engineering primarily manufactures construction equipment, which is a permissible activity under Islamic finance principles. The company does not engage in activities prohibited by Sharia such as alcohol, gambling, or interest-based financial services
- Current Debt Level: According to the latest financial reports, Ajax Engineering has a moderate level of debt. (Debt-to-Equity Ratio 0.02) years Preliminary reports indicate that the company’s debt-to-equity ratio is within manageable limits.
- Ethical Practices: Ajax Engineering’s commitment to ethical business practices, sustainability, and social responsibility further enhances its appeal to Shariah-compliant investors
Ajax Engineering’s core business appears to be halal, and debt is also low. Ajax Engineering’s stock is halal, but investors should consult a qualified Islamic finance expert or Shariah advisory board to ensure compliance with their specific investment criteria.
Should you invest in the Ajax Engineering IPO?
Investing in an IPO requires careful consideration of various factors, including the company’s financial position, growth prospects, and alignment with your investment goals. Here are some points to consider:
- Growth potential: Ajax Engineering operates in a growing industry, with demand for construction equipment increasing in both domestic and international markets.
- Financial stability: The company’s moderate debt levels and strong cash flows position it well for future growth.
- Market conditions: The success of the IPO will also depend on broader market conditions and investor sentiment at the time of launch.
Conclusion
The Ajax Engineering IPO presents an exciting opportunity for investors looking to capitalize on the growth of the construction equipment industry. While the company’s core business is halal, investors should carefully evaluate its debt levels