| Initial public offer of up to 22,881,718 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. [*] per equity share (including a share premium of Rs. [*] per equity share) (offer price) aggregating up to Rs. [*] crores (the offer), through an offer for sale by the selling shareholders (defined below), consisting of up to 2,860,170 equity shares aggregating up to
Rs. [*] crores by krishnaswamy vijay, up to 2,860,170 equity shares aggregating up to Rs. [*] crores by kalyani vijay, up to 2,288,136 equity shares aggregating up to Rs. [*] crores by jacob jiten john, up to 6,006,357 equity shares aggregating up to Rs. [*] crores by jacob hansen family trust (collectively referred to as promoter selling shareholders), up to 7,436,800 equity shares aggregating up to Rs. [*] crores by kedaara capital fund ii llp (kedaara capital, the investor selling shareholder) and up to 1,430,085 equity shares aggregating up to Rs. [*] 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 includes a reservation of up to [*] equity shares of face value of Re. 1 each (constituting up to [*]% of the post-offer paid-up equity share capital of the company) aggregating up to Rs. [*] 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 may, in consultation with the book running lead managers, offer a discount of up to Rs. [*] of the offer price to eligible employees bidding in the employee reservation portion (employee discount).
The offer and the net offer will constitute [*]% of the post-offer paid-up equity share capital of the company. The face value of equity shares is
Re. 1 each. The offer price is [*] times the face value of the equity shares. The price band and the minimum bid lot shall be decided by the company.
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