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Ajwa Projects Ltd

Ajwa Projects Ltd

BSE SME · SME IPO
Listed BSE SME SME Live Chart
Issue Price
₹203
₹203
GMP (Grey Market)
NIL
Unofficial data only
Est. Listing Price
₹203
Based on GMP
Min. Investment
₹121,800
1 lot × 600 shares
Subscribed
1.12x
Over-subscribed
IPO Details
Open Date
28 Oct 2026
Close Date
30 Oct 2026
Allotment
02 Nov 2026
Listing Date
04 Nov 2026
Exchange
BSE SME
Price Band
₹203
Listing Price
See chart
Allotment Status
Price Band
₹203
Per share
Face Value
₹10 per share
 
Lot Size
600 Shares
per lot
Issue Size
18,74,400 shares (agg. up to ₹38 Cr)
Total offering
Issue Type
Fixed Price IPO
 
Min Investment
₹121,800
1 lot
P/E (Pre)
14.97x
 
P/E (Post)
17.92x
 
EPS (Pre)
₹13.56
 
EPS (Post)
₹11.33
 
UPI Deadline
5:00 PM on 30 Oct 2026
Mandate
Anchor AllotmentTue, 27 Oct 2026
Basis of AllotmentMon, 02 Nov 2026
Refund InitiationTue, 03 Nov 2026
Demat CreditTue, 03 Nov 2026
Listing DayWed, 04 Nov 2026
UPI Mandate Deadline5:00 PM on 30 Oct 2026
Sale TypeFresh capital cum OFS
Net Offer to Public17,79,600 shares (agg. up to ₹36 Cr)
Market Maker Quota94,800 shares (agg. up to ₹2 Cr)
Fresh Issue Shares14,05,200 shares (agg. up to ₹29 Cr)
Offer for Sale3,74,400 shares of ₹10 (agg. up to ₹8 Cr)
QIB Quota50% of Net Issue
HNI / NII Quota15% of Net Issue
Retail Quota35% of Net Issue
Check AllotmentClick here →
Subscription Rate Final
Ajwa Projects Ltd IPO subscribed 1.12 times overall. Retail: 1.93x. QIB: 1.00x. NII: 0.32x. By 30 Oct 2026.
QIB
1.00x
Over
NII/HNI
0.32x
Retail
1.93x
Over
Total
1.12x
Over
Category Subscription Shares Offered % of Total Amount (₹Cr)
Market Maker
Awaited
94,800
— ₹1.92
QIB
Over 1.00x
— — —
NII / HNI
0.32x
889,200
— ₹18.05
Retail
Over 1.93x
890,400
— ₹18.08
Total 1.12x
1,779,600
100% ₹36.13
IPO Shares Offered
Ajwa Projects Ltd IPO total issue size: ₹36.13 Cr. Retail: ₹18.08 Cr. NII: ₹18.05 Cr.
CategoryShares OfferedAmount (₹Cr)Size (%)
Market Maker 94,800 ₹1.92
5.33%
NII 889,200 ₹18.05
49.97%
Retail 890,400 ₹18.08
50.03%
Total 1,779,600 ₹36.13
100.00%
* Based on upper price band ₹203 per share
Basis of Allotment
QIB NII Retail Total
Ex. Anchor Anchor Total QIB Below ₹10L Above ₹10L Total NII
Allocation (shares) — — — — — 889,200 890,400 1,779,600
Allotment price (₹) 203 203 203 203 203 203 203 203
No. of applications — — — — — — — —
No. of shares applied — — — — — — — —
Amount collected (₹Cr) — — — — — — ₹18.08 ₹18.08
Times subscribed 1 — — — — 0.32x 1.93x 1.12x
Shares allotted — — — — — 889,200 890,400 1,779,600
No. of allottees — — — — — — — —
* Upper price band ₹203 · ** Anchor allotment excluded from public shares
Lot Size & Investment
Lot Size
600
Shares per Lot
Issue Price
₹203.00
Upper Band
Min Investment
₹121,800
1 Lot
ApplicationLotsSharesAmount
Retail (Min — 2 Lots)21,200₹243,600
Retail (Max — 13 Lots)137,800₹1,583,400
S-HNI (Min — 14 Lots)148,400₹1,705,200
B-HNI (Min — 68 Lots)6840,800₹8,282,400
* Issue Price ₹203 × Lot Size 600 shares
IPO Schedule
Anchor
27 Oct 2026
✓ Done
IPO Open
28 Oct 2026
✓ Done
IPO Close
30 Oct 2026
✓ Done
Allotment
02 Nov 2026
✓ Done
Refunds
03 Nov 2026
✓ Done
Demat Credit
03 Nov 2026
✓ Done
Listing Day
04 Nov 2026
✓ Done
Ajwa Projects Ltd — Live Price LIVE
₹203.00
INR · BSE
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Issue ₹203.00 Live Price
About Ajwa Projects Ltd
Incorporated in 2011, Ajwa Projects is a multi-disciplinary industrial services company delivering end-to-end solutions across fabrication, erection, piping, pressure equipment, prefabricated structures, civil construction, and maintenance. The company specializes in turning project plans into real, functional industrial assets. The company manufacture technological frameworks, industrial buildings, girders, heavy modules, platforms, and crane girders that are critical for plant construction and infrastructure projects. They also fabricate specialised components such as dish ends, crowns, petals, and customised parts, including diesel engine components for railway applications that require a high degree of precision and strict compliance with industry standards.Key Services:Fabrication: Manufacture and sell structural components, pressure vessels, boilers, tanks, ducts, and precision parts for various industries.Erection: On-site installation and integration of heavy structures, equipment, and piping systems with strict focus on safety and precision.Piping: Fabrication and installation of process and utility pipelines for chemicals, gases, steam, and fluids.Pressure Equipment: Fabrication, assembly, and erection of pressure vessels and related heavy-duty equipment.Civil Construction: Site development, foundations, industrial buildings, silos, tanks, and other civil works.Prefabricated Structures: Modular and portable buildings for industrial and commercial use.Maintenance & Mechanical Services: Preventive maintenance, PSV calibration, NDT testing, blasting & painting, and plant shutdown support.The company caters to a wide range of industries such as oil & gas, petrochemicals, refineries, power generation, steel, heavy metals, cement, nuclear power, bridges, metro rail, bullet train infrastructure, and other industrial and infrastructure projects.It has a workforce of over 557 skilled and semi-skilled professionals.Competitive Strengths:Experienced management teamComprehensive Portfolio with Sectoral DiversityStrong and diverse Order Book: As of Sep 30, 2025, its order book stood at Rs 1,982.05 lakhs.Flexible Execution Model (On-Site and Off-Site)Integrated Fabrication and Erection ExpertiseQuality and Safety FrameworkSkilled Workforce and Operational Capability
Objects of the Issue
1
Funding capital expenditure requirements towards acquisition of plant & machinery, transport vehicle/assets
2
Repayment or prepayment, in full or in part, of borrowings availed by Company
3
Working Capital Requirement
4
General Corporate Purposes
Ajwa Projects Ltd Financials (Amount in ₹ Crore)
Revenue from Operations
₹36.9
31 Mar 2025
₹48.6
31 Mar 2026
₹12.4
30 Jun 2026
Profit After Tax (PAT)
₹3.3
31 Mar 2025
₹5.4
31 Mar 2026
₹1.6
30 Jun 2026
Particulars30 Jun 202631 Mar 202631 Mar 2025
Revenue from Operations 12.44 48.56 36.87
EBITDA 2.45 9.03 6.41
Profit After Tax (PAT) 1.56 5.42 3.28
Net Worth 19.27 17.71 12.29
Total Assets 41.97 36.37 25.57
Reserves & Surplus 15.27 13.71 8.29
Borrowings 13.84 12.52 7.96
EBITDA Margin (%) 19.71 — —
PAT Margin (%) 12.55 — —
P/BV Ratio
4.21
RoE
8.42
RoCE
7.56
RoNW
8.42
PAT Margin
12.55
EBITDA Margin
19.71
Debt/Equity
0.72
Issue Structure & Shareholding
Total Shares Offered18,74,400
Net Offer to Public17,79,600 shares (agg. up to ₹36 Cr)
Reserved for Market Maker94,800 shares (agg. up to ₹2 Cr)
Pre-Issue Promoter HoldingN/A
Post-Issue Promoter HoldingN/A
P/BV Ratio4.21
RoE8.42
RoCE7.56
Debt / Equity0.72
Script CodeN/A
Registrar & Lead Managers
Book Running Lead Managers
Wealth Mine Networks Ltd
GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.
IPO Subscription FAQs
How much Ajwa Projects Ltd IPO subscribed? ▲

Ajwa Projects Ltd IPO is subscribed 1.12 times by Oct 30, 2026. Retail: 1.93x. QIB: 1.00x. NII: 0.32x.

Investor CategorySubscription
Qualified Institutional (QIB)1.00x
Non Institutional (NII/HNI)0.32x
Retail Individual1.93x
Total Subscription1.12x
What is Ajwa Projects Ltd IPO retail subscription status? ▼

The Ajwa Projects Ltd IPO retail category is subscribed 1.93 times as of 30 Oct 2026. The retail portion is oversubscribed.

How to subscribe Ajwa Projects Ltd IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 28 Oct 2026 and closes 30 Oct 2026. Min investment: ₹121,800 (1 lot = 600 shares). UPI mandate: 5:00 PM on 30 Oct 2026.

How many times Ajwa Projects Ltd IPO subscribed? ▼

The Ajwa Projects Ltd IPO subscribed 1.12x overall. QIB: 1.00x, NII: 0.32x, Retail: 1.93x. Applications: from NSE/BSE.

How to check Ajwa Projects Ltd IPO allotment? ▼

Check allotment on the registrar website (Kfin Technologies Ltd) at https://ipostatus.kfintech.com/. Enter your PAN, application number or DP/Client ID. Allotment date: 02 Nov 2026. Refunds: on 03 Nov 2026.

When Ajwa Projects Ltd IPO will be listed? ▼

The Ajwa Projects Ltd IPO listing date is 04 Nov 2026, Wednesday. Listed on: BSE SME. Issue price: ₹203. Estimated listing: ₹203. GMP: NIL.

When Ajwa Projects Ltd IPO close? ▼

The Ajwa Projects Ltd IPO closes on 30 Oct 2026, Friday. UPI mandate: 5:00 PM on 30 Oct 2026. Allotment: 02 Nov 2026. Listing: 04 Nov 2026.