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Ajax Engineering IPO GMPBusiness

Ajax Engineering IPO subscribed 49% on day 2, GMP tanks

Ajax Engineering’s IPO Grey Market Premium (GMP) stands at Rs 8 today. Based on the upper end of the IPO price band and the current grey market premium, the expected listing price for Ajax Engineering shares is Rs 637, which is 1.27% higher than the IPO price of Rs 629.

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