Closed Issues

253/1, 11th Main Rd, 3rd Phase,Peenya Industrial Area,

Initial public offer of 20,180,446 equity shares of face value of Re. 1 each ("Equity Shares") of Ajax Engineering Limited ("Company" or "Issuer") for cash at a price of (Rs) 629^ per equity share (including a share premium of (Rs) 628^ per equity share) ("Offer Price") aggregating to (Rs) 1268.88 crores^ (the "Offer"), through an offer for sale by the selling shareholders (defined below), consisting of 1,716,102 equity shares of face value of Re. 1 each aggregating to (Rs) 107.90 crores^ by Krishnaswamy Vijay, 1,716,102 equity shares of face value of Re. 1 each aggregating to (Rs) 107.90 crores^ by Kalyani Vijay, 2,288,136 equity shares of face value of Re. 1 each aggregating to (Rs) 143.87 crores^ by Jacob Jiten John, 5,593,221 equity shares of face value of Re. 1 each aggregating to (Rs) 351.69 crores^ by Jacob Hansen Family Trust (collectively referred to as "Promoter Selling Shareholders"), 7,436,800 equity shares of face value of Re. 1 each aggregating to (Rs) 467.60 crores^ by Kedaara Capital Fund ii llp ("Kedaara Capital", the "Investor Selling Shareholder") and 1,430,085 equity shares of face value of Re. 1 each aggregating to (Rs) 89.92 crores^ by Susie John ("Promoter Group Selling Shareholder") (the promoter selling shareholders, along with the investor selling shareholder and promoter group selling shareholder, collectively referred to as the "Selling Shareholders") ("Offer for Sale", and together, the "Offer"). The offer included a reservation of 78,947 equity shares of face value of Re. 1 each (constituting to 0.07% of the post-offer paid-up equity share capital of the company) aggregating to (Rs) 4.50 crores^ for subscription by eligible employees (as defined hereinafter) (the "Employee Reservation Portion"). The offer less the employee reservation portion is hereinafter referred to as the "Net Offer". The company, in consultation with the book running lead managers, offered a discount of to 9.38% to the offer price equivalent of (Rs) 59.00 per equity share to eligible employees bidding in the employee reservation portion ("Employee Discount"). ^A discount of (Rs) 59.00 per equity share was offered to eligible employees bidding in the employees reservation portion. The offer and the net offer constitutes 17.64% and 17.57% of its post-offer paid-up equity share capital of the company respectively. The offer price is 629 times the face value of the equity shares.