Ajay Poly IPO Details
MAINBOARD
Ajay Poly IPO DRHP (Draft Red Herring Prospectus) has been SEBI Approval Received.
Offer for Sale consists of 93,00,000 shares .
The Lead Managers for Ajay Poly IPO are crucial for the offering's success. They are responsible for a wide range of tasks, including preparing the company for the public market, managing the regulatory filings, and marketing the IPO to potential investors. The lead manager for this offering is Motilal Oswal Investment Advisors Ltd, SBI Capital Markets Ltd. To assess their past performance and success in previous IPOs, you can view the Lead Manager Performance Summary report.
For detailed information, Refer to the Ajay Poly Limited DRHP.
Ajay Poly IPO Details
Ajay Poly IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
To be announced | |||
Ajay Poly IPO Reservation
Promoter Holding
Documents
Ajay Poly IPO Valuations
Ajay Poly Financial Information
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 30 Jun 2023 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 329.01 | 297.46 | 218.49 | 202.33 | 129.07 |
| Revenue | 130.74 | 366.39 | 87.82 | 242.25 | 142.72 |
| Profit After Tax | 12.16 | 22.53 | 7.63 | 12.99 | 3.64 |
| Net Worth | 105.5 | 93.27 | 78.15 | 70.52 | 54.28 |
| Reserves and Surplus | 104.57 | 92.34 | 77.22 | 69.58 | 53.39 |
| Total Borrowing | 129.13 | 119.15 | 94.21 | 82.5 | 44.82 |
| Amount in ₹ Crore | |||||
About Ajay Poly IPO
Incorporated in, Ajay Poly Limited is engaged in the manufacturing of refrigeration sealing solutions, profile extrusion, and glass products for the appliance industry.
The company specializes in toughened glass products, polymer extrusion products, magnet powders, and magnetic solutions for various applications.
The company offers refrigerator door gaskets, thermoplastic profiles, magnetic strips, glass shelves, doors, and toughened glass components for appliances, serving sectors like consumer durables, commercial refrigeration, and automotive industries.
The company operates ten manufacturing facilities across India: five in Greater Noida, two in Maharashtra, and one each in Sanand, Mohali, and Chennai, strategically located near major OEM manufacturing hubs.
The company has an in-house design, development, tooling, and testing department in Greater Noida, specializing in optimizing, verifying, and improving OEM designs, providing a competitive edge in joint development with OEMs.
Products Segment:
- Glass: Toughened glass (or tempered glass), which is being used in appliances such as refrigerator shelves, refrigerator doors, visi cooler doors, microwave oven doors, gas cooktop hobs, Digital glass door for Refrigerators and washing machine lid.
- Polymer Extrusion Products:The company is a leading manufacturer of refrigerator sealing gaskets, offering soft PVC and thermoplastic extrusions with in-house capabilities in compounding, extrusion, tooling, and magnetic strip production, ensuring energy-efficient appliances.
- Magnet Products: The company produces magnet powder and magnetic strips used in refrigerator sealing systems, automotive applications, and other industries, supplying OEMs and automotive Tier-1 suppliers with high-quality components for various uses.
As of November 30, 2024, the company has 580 employees.
Competitive Strengths:
- Market leader in refrigeration sealing solutions and toughened glass products and poised to benefit from growth in the Indian consumer durable market.
- Marquee customer base with longstanding relationships.
- Strategically located manufacturing facilities in close proximity to customers.
- Emphasis on backward integration and in-house capabilities in design, development, tooling, and testing.
Strength Of Ajay Poly IPO
Risk Of Ajay Poly IPO
Objectives Ajay Poly IPO
- Repayment/ prepayment, in full or part, of certain borrowings availed by the Company.
- Funding capital expenditure requirements towards purchase of equipment, plant and machinery at, Noida Unit-IV, Noida Unit-V, Karegaon Unit, Shirwal Unit, Chennai Unit, and the Registered and Corporate Office.
- General corporate purposes.
Company Contact Details
Ajay Poly Limited
70,
Okhla Industrial Estate Phase-III,
South Delhi,
New Delhi, New Delhi
Phone: +91-11 4160 70
Email: compliance@applindia.co.in
Website: http://www.applindia.co.in/
Registrar Contact Details
Ajay Poly IPO - FAQs
The Ajay Poly IPO is a MAINBOARD public issue comprising 0 equity shares with a face value of ₹1 each, aggregating to a total issue size of . The issue price has been fixed at ₹0 per equity share, and the minimum application size is 0 shares.
The IPO opens for subscription on TBA, and closes on TBA.
Kfin Technologies Ltd has been appointed as the registrar to the issue. The equity shares are proposed to be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
As of now, the current GMP stands at TBA.