🚀 Will this IPO double your money? 💰 Ajax Engineering IPO – Risk vs Reward! Are you applying?

Описание: Will Ajax Engineering IPO Make You Rich? 📈💰

Ajax Engineering's IPO is closing on 12th Feb, with a price band of ₹599-629 and a lot size of 23 shares. The company dominates the self-loading concrete mixer market with a 77% share and has a strong customer base.

But is it a good investment? 🤔 While the company is profitable, 85% of its revenue depends on SLCM production, which is a risk if demand drops. Plus, all production happens in a single plant, increasing regional risks.

GMP is only 10%, meaning an estimated profit of ₹1380 per lot. So, should you apply for this IPO? Let us know in the comments! 👇

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