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Ajax Engineering Eyes 18% Growth After Market Debut
The 50% revenue growth seen in the last two financial years may not be sustainable, as it was driven by a low-base post the Covid-19 pandemic, Ajax Engineering CEO Shubhabrata Saha said.
18 Feb 2025, 09:31 AM IST 
From 2014 onwards to 2024, the decadal growth of the company has been 18%, the Ajax Engineering CEO said. (Photo source: Ajax Engineering/YouTube)
Ajax Engineering Ltd. is on track to clock a growth rate of up to 18% in the near term, said the company's management post its market listing on Monday.Ajax Engineering made a lacklustre debut on the stock markets, as its scrip opened at Rs 593 apiece on the BSE, nearly 6% lower than its initial public offer price of Rs 629. On the National Stock Exchange, the shares listed at Rs 576, marking an 8.4% discount to the IPO price.Comment...
