Investing in Concrete Growth
Investor Relations
DRHP Documents
draft red herring prospectus (drhp)
Industry Report
Disclaimer
PLEASE READ THIS NOTICE CAREFULLY - IT APPLIES TO ALL PERSONS WHO VIEW THIS SITE
THESE MATERIALS ARE NOT DIRECTED AT OR INTENDED TO BE ACCESSED BY PERSONS LOCATED OUTSIDE INDIA. THESE MATERIALS ARE BEING MADE AVAILABLE ON THIS WEBSITE TO COMPLY WITH SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2018, AS AMENDED.
IMPORTANT: You must read and agree with the terms and conditions of the following disclaimer before continuing.
The following disclaimer applies to the Draft Red Herring Prospectus of Ajax Engineering Limited (the “Company”) dated September 30, 2024 (the “Draft Red Herring Prospectus”) filed with the Securities and Exchange Board of India (“SEBI”), BSE Limited (“BSE”) and National Stock Exchange of India Limited (“NSE”, and together with BSE, the “Stock Exchanges”) and hosted on this website, in relation to the initial public offering of the equity shares of face value of ₹1 each (“Equity Shares”) of the Company (“Offer”). In accessing the Draft Red Herring Prospectus, you agree to be bound by the following terms and conditions, including any modifications to them from time to time.
The Draft Red Herring Prospectus is directed at, and is intended for distribution to, and use by, residents of India only. Residents of countries other than India are not authorized to view or use the information in this portion of our website. The information in this portion of our website, including the Draft Red Herring Prospectus, is not for publication or distribution, directly or indirectly, in or into the United States. Please note that because of restrictions imposed by law on soliciting securities business in various jurisdictions, subscription to the Offer will not be permitted to residents of certain jurisdictions. The contents of the Draft Red Herring Prospectus are for your information only and you acknowledge that access to the Draft Red Herring Prospectus is intended for use by you only and you agree not to forward the Draft Red Herring Prospectus on to any other person, internal or external to your company, in whole or in part, or otherwise provide access via e-mail or otherwise to any person No part of the contents of the Draft Red Herring Prospectus shall be copied or duplicated in any form by any means, or redistributed.
The Draft Red Herring Prospectus has been hosted on this website as prescribed under Regulation 26(1) of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended (the “SEBI ICDR Regulations”). You are reminded that documents transmitted in electronic form may be altered or changed during the process of transmission and consequently, neither the Company nor any of its affiliates accepts any liability or responsibility whatsoever in respect of alterations or changes which have taken place during the course of transmission of electronic data.
The Draft Red Herring Prospectus does not constitute an offer to sell or an invitation to subscribe to the securities offered in any jurisdiction to any person to whom it is unlawful to make an offer or invitation in such jurisdiction and is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where (a) distribution or use of such information would be contrary to law or regulation; or (b) the Company or any of its affiliates would by virtue of such distribution become subject to new or additional registration, licensing or other regulatory requirements. The Equity Shares of the Company have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws in the United States, and unless so registered may not be offered or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and applicable state securities laws. Accordingly, the Equity Shares are being offered and sold (a) within the United States solely to persons reasonably believed to be “qualified institutional buyers” (as defined in Rule 144A under the U.S. Securities Act) pursuant to Section 4(a) of the U.S. Securities Act, and (b) outside the United States in offshore transactions as defined in and in compliance with Regulation S under the U.S. Securities Act and the applicable laws of the jurisdiction where those offers and sales are made.
Any person into whose possession the Draft Red Herring Prospectus comes is required to inform himself or herself about and to observe any such restrictions. Neither the Company nor any of its affiliates is soliciting any action based on the Draft Red Herring Prospectus, and it should not be construed as an offer to sell or the solicitation of an offer to buy any securities. Potential investors should not rely on the Draft Red Herring Prospectus for any investment decision. Any potential investor should note that investment in the securities involves a high degree of risk. For details, potential investors should refer to the red herring prospectus to be filed with the Registrar of Companies, including the section titled “Risk Factors”, when available.
Neither the Company nor any of its affiliates will be responsible for any loss or damage that could result from interception and interpretation by any third parties of any information being made available to you through this website. The Company and its affiliates cannot and do not guarantee the accuracy, timeliness or completeness of the information being made available to you in the Draft Red Herring Prospectus beyond the date of the Draft Red Herring Prospectus. The information contained in the Draft Red Herring Prospectus is as of the date thereof and neither Company or its affiliates are under any obligation to update the Draft Red Herring Prospectus to reflect circumstances arising after the date thereof. The Company and its affiliates will not be responsible for any loss to any person or entity caused by any shortcoming, defect or inaccuracy which may have inadvertently or otherwise crept into the website. Neither the Company, any of its affiliates nor their directors, officers and employees will be liable or have any responsibility of any kind for any loss or damage that you incur in the event of any failure or disruption of this website, or resulting from the act or omission of any other party involved in making this website or the data contained therein available to you, or from any other cause relating to your access to, inability to access, or use of the website or these materials.
If you are not permitted to view the materials on this website or are in any doubt as to whether you are permitted to view these materials, please exit this webpage.
To access this information, you must confirm by pressing on the button marked "I Confirm" that, at the time of access you are located in India. If you cannot make this confirmation, you must press the button marked "I Do Not Confirm".
The documentation contained in these pages is posted solely to comply with Indian legal and regulatory requirements. Making the information contained herein available in electronic format does not constitute an offer to sell, the solicitation of an offer to buy, or a recommendation to buy or sell securities of the Company in the United States or in any other jurisdiction, including without limitation, India.
Outstanding Dues to Material Creditors
Disclaimer
PLEASE READ THIS NOTICE CAREFULLY - IT APPLIES TO ALL PERSONS WHO VIEW THIS SITE
THESE MATERIALS ARE NOT DIRECTED AT OR INTENDED TO BE ACCESSED BY PERSONS LOCATED OUTSIDE INDIA. THESE MATERIALS ARE BEING MADE AVAILABLE ON THIS WEBSITE TO COMPLY WITH SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2018, AS AMENDED.
IMPORTANT: You must read and agree with the terms and conditions of the following disclaimer before continuing.
The following disclaimer applies to the Draft Red Herring Prospectus of Ajax Engineering Limited (the “Company”) dated September 30, 2024 (the “Draft Red Herring Prospectus”) filed with the Securities and Exchange Board of India (“SEBI”), BSE Limited (“BSE”) and National Stock Exchange of India Limited (“NSE”, and together with BSE, the “Stock Exchanges”) and hosted on this website, in relation to the initial public offering of the equity shares of face value of ₹1 each (“Equity Shares”) of the Company (“Offer”). In accessing the Draft Red Herring Prospectus, you agree to be bound by the following terms and conditions, including any modifications to them from time to time.
The Draft Red Herring Prospectus is directed at, and is intended for distribution to, and use by, residents of India only. Residents of countries other than India are not authorized to view or use the information in this portion of our website. The information in this portion of our website, including the Draft Red Herring Prospectus, is not for publication or distribution, directly or indirectly, in or into the United States. Please note that because of restrictions imposed by law on soliciting securities business in various jurisdictions, subscription to the Offer will not be permitted to residents of certain jurisdictions. The contents of the Draft Red Herring Prospectus are for your information only and you acknowledge that access to the Draft Red Herring Prospectus is intended for use by you only and you agree not to forward the Draft Red Herring Prospectus on to any other person, internal or external to your company, in whole or in part, or otherwise provide access via e-mail or otherwise to any person No part of the contents of the Draft Red Herring Prospectus shall be copied or duplicated in any form by any means, or redistributed.
The Draft Red Herring Prospectus has been hosted on this website as prescribed under Regulation 26(1) of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended (the “SEBI ICDR Regulations”). You are reminded that documents transmitted in electronic form may be altered or changed during the process of transmission and consequently, neither the Company nor any of its affiliates accepts any liability or responsibility whatsoever in respect of alterations or changes which have taken place during the course of transmission of electronic data.
The Draft Red Herring Prospectus does not constitute an offer to sell or an invitation to subscribe to the securities offered in any jurisdiction to any person to whom it is unlawful to make an offer or invitation in such jurisdiction and is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where (a) distribution or use of such information would be contrary to law or regulation; or (b) the Company or any of its affiliates would by virtue of such distribution become subject to new or additional registration, licensing or other regulatory requirements. The Equity Shares of the Company have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws in the United States, and unless so registered may not be offered or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and applicable state securities laws. Accordingly, the Equity Shares are being offered and sold (a) within the United States solely to persons reasonably believed to be “qualified institutional buyers” (as defined in Rule 144A under the U.S. Securities Act) pursuant to Section 4(a) of the U.S. Securities Act, and (b) outside the United States in offshore transactions as defined in and in compliance with Regulation S under the U.S. Securities Act and the applicable laws of the jurisdiction where those offers and sales are made.
Any person into whose possession the Draft Red Herring Prospectus comes is required to inform himself or herself about and to observe any such restrictions. Neither the Company nor any of its affiliates is soliciting any action based on the Draft Red Herring Prospectus, and it should not be construed as an offer to sell or the solicitation of an offer to buy any securities. Potential investors should not rely on the Draft Red Herring Prospectus for any investment decision. Any potential investor should note that investment in the securities involves a high degree of risk. For details, potential investors should refer to the red herring prospectus to be filed with the Registrar of Companies, including the section titled “Risk Factors”, when available.
Neither the Company nor any of its affiliates will be responsible for any loss or damage that could result from interception and interpretation by any third parties of any information being made available to you through this website. The Company and its affiliates cannot and do not guarantee the accuracy, timeliness or completeness of the information being made available to you in the Draft Red Herring Prospectus beyond the date of the Draft Red Herring Prospectus. The information contained in the Draft Red Herring Prospectus is as of the date thereof and neither Company or its affiliates are under any obligation to update the Draft Red Herring Prospectus to reflect circumstances arising after the date thereof. The Company and its affiliates will not be responsible for any loss to any person or entity caused by any shortcoming, defect or inaccuracy which may have inadvertently or otherwise crept into the website. Neither the Company, any of its affiliates nor their directors, officers and employees will be liable or have any responsibility of any kind for any loss or damage that you incur in the event of any failure or disruption of this website, or resulting from the act or omission of any other party involved in making this website or the data contained therein available to you, or from any other cause relating to your access to, inability to access, or use of the website or these materials.
If you are not permitted to view the materials on this website or are in any doubt as to whether you are permitted to view these materials, please exit this webpage.
To access this information, you must confirm by pressing on the button marked "I Confirm" that, at the time of access you are located in India. If you cannot make this confirmation, you must press the button marked "I Do Not Confirm".
The documentation contained in these pages is posted solely to comply with Indian legal and regulatory requirements. Making the information contained herein available in electronic format does not constitute an offer to sell, the solicitation of an offer to buy, or a recommendation to buy or sell securities of the Company in the United States or in any other jurisdiction, including without limitation, India.
Governance
Annual Returns
Board of directors
Krishnaswamy Vijay is the Whole-time Director and Executive Chairman of our Company. He holds a bachelor’s degree in technology (mechanical engineering) from the Indian Institute of Technology, Madras. He has been associated with our Company since incorporation. He has 41 years of experience in the manufacturing sector. He was previously associated with Tractors Engineer Limited, Larsen & Toubro Limited.
Shubhabrata Saha is the Managing Director and Chief Executive Officer of our Company. He holds a bachelor’s degree in science (engineering) from Aligarh Muslim University and a master’s degree in management studies from Bombay University. He has 23 years of experience in the manufacturing sector. He was previously associated with Mahindra and Mahindra Limited and Mangalore Chemicals and Fertilisers Limited.
Jacob Jiten John is Whole-time Director of our Company. He has passed the examination for bachelor’s degree in mechanical engineering from Bangalore University and master of science in accounting from the University of Rhode Island. He also holds a master of business administration degree from the University of Houston and is a certified public accountant from State Board of Public Accountancy of the state of Texas, United States of America. He has more than 33 years of experience in the education, accounting and manufacturing sector. He was previously associated with the University of Rhode Island, Kingston, University of Houston, Oracle America Inc. and OxyLink Employee Service Center.
Parin Nalin Mehta is a Non-Executive Director of our Company. He holds a diploma in electronics and communication engineering from Board of Technical Examinations, bachelor’s degree in engineering from University of Mumbai and a post graduate diploma in business management from Sydenham Institute of Management Studies and Research and Entrepreneurship Education. He has several years of experience in the private equity sector. He is presently associated with Kedaara Capital Fund II LLP as a managing director. He was previously associated with McKinsey Knowledge Centre, General Atlantic Partners, Cap Gemini Ernst & Young Consulting India Private Limited, CMC Limited, Kedaara Capital Advisors LLP.
Rajan Wadhera is an Independent Director of our Company. He holds a bachelor’s degree in aeronautical engineering from Indian Institute of Technology, Bombay and a master’s degree in aeronautical engineering from Indian Institute of Technology, Bombay. He has 40 years of experience in the automotive sector. He was previously associated with Eichers Motors Limited and Mahindra and Mahindra Limited.
Doddaballapur Prasanna Achutarao is an Independent Director of our Company. He holds a bachelor’s degree in engineering in the mechanical branch from Mysore University and has cleared a post-graduate programme from Indian Institute of Management, Ahmedabad. He has several years of experience in the sectors such as medicine. He was previously associated with Tata Services Limited, Wipro GE Medical Systems Limited, Manipal Education and Medical Group, Acunova Life Sciences LLP and Manipal Acunova Private Limited.
Jayashree Satagopan is an Independent Director of our Company. She holds a bachelor’s degree in commerce from University of Madras. She is an associate member of Institute of Chartered Accountants of India. Further, she has cleared final examination held by Institute of Cost and Works Accountants of India and the Institute of Company Secretaries of India. She has several years of experience in the finance sector. She was previously associated Coromandel International Limited, PI Industries Limited, International Paper (India) Private Limited, Wipro GE Healthcare Private Limited and Ford India Limited.
Raghavan Sadagopan is an Independent Director of our Company. He holds a diploma of licentiate in mechanical engineering from State Board of Technical Education and Training, Government of Madras and master’s degree in arts (economics) from Panjab University. Further, he is also an associate member of the Institution of Engineers (India). He has several years of experience in accounting and manufacturing sector. He has previously been associated with Praga Tools Limited, Batliboi & Co. Limited and Larsen & Toubro Limited.
Board CommitteeS
1. Jayashree Satagopan, Independent Director- Chairperson
2. Krishnaswamy Vijay, Whole Time Director & Chairman- Member
3. Doddaballapur Prasanna Achutarao, Independent Director- Member
1. Doddaballapur Prasanna Achutarao, Independent Director- Chairman
2. Rajan Wadhera, Independent Director- Member
3. Pain Nalin Mehta, Director- Member
1. Rajan Wadhera, Independent Director- Chairman
2. Shubhabrata Saha, Managing Director & CEO- Member
3. Raghavan Sadagopan, Independent Director- Member
1. Shubhabrata Saha, Managing Director & CEO- Chairman
2. Krishnaswamy Vijay, Whole Time Director & Chairman- Member
3. Jayashree Satagopan, Independent Director- Member