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Latest GMP
- Lead Manager
- Motilal Oswal Investment Advisors Limited
- IPO Registrar
- KFin Technologies Limited
- IPO Open Date
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- IPO Close Date
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- Allotment date
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- Listing date
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Disclaimer: IPO details, GMP, subscription figures, and other related information are for informational purposes only and may not always be accurate or up to date. Please verify the latest details from official sources before investing.
About Ajay Poly Limited
Ajay Poly Limited is engaged in the manufacturing of refrigeration sealing solutions, profile extrusion, and glass products for the appliance industry.
The company specializes in toughened glass products, polymer extrusion products, magnet powders, and magnetic solutions for various applications. It offers refrigerator door gaskets, thermoplastic profiles, magnetic strips, glass shelves, doors, and toughened glass components for appliances, serving sectors such as consumer durables, commercial refrigeration, and automotive industries.
Manufacturing Facilities
The company operates ten manufacturing facilities across India:
- Five in Greater Noida
- Two in Maharashtra
- One each in Sanand, Mohali, and Chennai
These facilities are strategically located near major OEM manufacturing hubs.
Design & Development
Ajay Poly has an in-house design, development, tooling, and testing department in Greater Noida. It specializes in optimizing, verifying, and improving OEM designs, providing a competitive edge in joint development with OEMs.
Product Segments
Glass
Toughened glass (tempered glass) used in appliances such as refrigerator shelves, refrigerator doors, visi cooler doors, microwave oven doors, gas cooktop hobs, digital glass doors for refrigerators, and washing machine lids.
Polymer Extrusion Products
Leading manufacturer of refrigerator sealing gaskets, offering soft PVC and thermoplastic extrusions with in-house capabilities in compounding, extrusion, tooling, and magnetic strip production, ensuring energy-efficient appliances.
Magnet Products
Produces magnet powder and magnetic strips used in refrigerator sealing systems, automotive applications, and other industries. Supplies OEMs and automotive Tier-1 suppliers with high-quality components.
Workforce
As of November 30, 2024, the company had 580 employees.
Competitive Strengths
- Market leader in refrigeration sealing solutions and toughened glass products, poised to benefit from growth in the Indian consumer durable market
- Marquee customer base with longstanding relationships
- Strategically located manufacturing facilities in close proximity to customers
- Emphasis on backward integration and in-house capabilities in design, development, tooling, and testing
IPO Subscription Details
| Category | Shares Offered | Shares Applied | Subscription Times (x) |
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Grey Market Premium (GMP)
| GMP Date | IPO Price | GMP | Estimated Listing Price | Estimated Profit* | Last Updated |
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Financials of Ajay Poly Limited
A quick overview of the key financial performance of Ajay Poly Limited.
Total Assets (₹ Cr)
Revenue (₹ Cr)
Profit after Tax (₹ Cr)
*All values are in Rs. Cr
Company Financials
Revenue decreased by 64%, Profit after Tax (PAT) decreased by 45%, Total Assets increased by 11% between FY2024 and FY2025 (Jun).
| Period Ended | FY2022 | FY2023 | FY2024 (Jun) | FY2024 | FY2025 (Jun) |
|---|---|---|---|---|---|
| Revenue | 141.68 | 240.49 | 87.36 | 364.42 | 130.13 |
| Assets | 129.07 | 202.33 | 218.49 | 297.46 | 329.01 |
| Total Income | 142.72 | 242.25 | 87.82 | 366.39 | 130.74 |
| Profit After Tax | 3.39 | 12.83 | 7.63 | 22.41 | 12.29 |
| EBITDA | 10.62 | 21.35 | 13.30 | 48.75 | 22.66 |
| Net Worth | 54.28 | 70.52 | 78.15 | 93.27 | 105.50 |
| Reserves & Surplus | 53.39 | 69.58 | 77.22 | 92.34 | 104.57 |
| Total Borrowings | 44.82 | 82.50 | 94.21 | 119.15 | 129.13 |
IPO Lot Size
IPO lot size details are currently unavailable.
Key Performance Indicators (KPI)
| KPI | Latest |
|---|---|
| ROE (%) | 12.37 |
| ROCE (%) | 8.92 |
| Debt / Equity | 1.22 |
| RoNW (%) | 12.37 |
| PAT Margin (%) | 9.4 |
| EBITDA Margin (%) | 17.42 |
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Pre IPO
Post IPO
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| EPS (₹) |
1.2
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| P/E (x) |
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| Promoter Holding (%) |
98.03
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IPO Lead Manager(s)
Lead Manager Details
- Motilal Oswal Investment Advisors Limited
- Contact Person: Ritu Sharma
- SEBI Registration Number: INM000011005
- Investor Grievance Email: moiaplredressal@motilaloswal.com
- Website: https://www.motilaloswalgroup.com
- Email: ajaypoly.ipo@motilaloswal.com
- Phone: +91 22 7193 4380
- Address: 10th Floor, Motilal Oswal Tower, Rahimtullah Sayani Road, Opposite Parel ST Depot, Prabhadevi, Mumbai 400 025, Maharashtra, India
Lead Manager Details
- SBI Capital Markets Limited
- Contact Person: Sylvia Mendonca
- SEBI Registration Number: INM000003531
- Investor Grievance Email: investor.relations@sbicaps.com
- Website: https://www.sbicaps.com
- Email: ajaypoly.ipo@sbicaps.com
- Phone: +91 22 4006 9807
- Address: 1501, 15th Floor, A & B Wing, Parinee Crescenzo Building, G Block, Bandra Kurla Complex, Bandra (East), Mumbai 400 051, Maharashtra, India
IPO Registrar
- Registrar Name
- KFin Technologies Limited
- apl.ipo@kfintech.com
- Phone
- +91 40 6716 2222 / 18003094001
- Contact Person
- M. Murali Krishna
- SEBI Registration Number
- INR000000221
- Address
- Selenium Tower B, Plot No. 31 and 32, Financial District, Nanakramguda, Serilingampally, Hyderabad – 500 032, Telangana, India
- Website
- https://www.kfintech.com/
Company Contact Details
- Company Name
- Ajay Poly Limited
- Phone
- +91 11 4160 7093
- Contact Person
- Arun Kumar Upadhyay, Company Secretary and Compliance Officer
- Corporate Identity Number
- U74899DL1980PLC010508
- Address
- 70, Okhla Industrial Estate Phase-III, South Delhi, New Delhi 110020, Delhi, India
- Website
- https://www.applindia.co.in/
Ajay Poly Limited FAQs
