Status
Closed
Price band
₹203–₹203
Lot size
600 shares
Minimum investment
₹1,21,800 for 1 lot
Issue size
₹38.05 crore
Dates
28 Oct 2026 – 30 Oct 2026
This page keeps the public figures for the Ajwa Projects Ltd. IPO in one place. When a price band is shown, it is the range of prices you can bid. The lot size is the smallest number of shares in one application. The minimum investment is one lot at the top of that band. The issue size is the amount being offered. A fresh issue is new shares, and the company receives that money. An offer for sale is shares sold by existing holders. The dates run from the day the issue opens to the day it lists. Allotment is the day shares are assigned. Refunds go back to people who were not allotted shares. Demat credit is the day allotted shares show in a demat account. Subscription, when it is shown, is how many times each category bid. A grey market premium, when it is shown, is unofficial and is not a guarantee of the listing price. The links go to the prospectus and the exchange notices when they are published. Nothing on this page is a recommendation to apply.
In FY26, Ajwa Projects Ltd. reported total income was ₹48.56 crore and profit after tax was ₹5.42 crore. Total income was up 31.7% from ₹36.87 crore in FY25. Profit after tax was up 65.2% from ₹3.28 crore in FY25.
The Ajwa Projects Ltd. issue is a fresh issue of ₹28.53 crore and an offer for sale of ₹7.6 crore. A fresh issue is new shares, so the company receives that money. An offer for sale is shares sold by existing holders.
The Ajwa Projects Ltd. timeline is: opens on 28 Oct 2026, closes on 30 Oct 2026, allotment is on 2 Nov 2026, refunds are on 3 Nov 2026, demat credit is on 3 Nov 2026, listing is on 4 Nov 2026.
The minimum retail application for Ajwa Projects Ltd. is ₹1,21,800 for 1 lot.
The grey market premium shown for Ajwa Projects Ltd. is ₹2. Grey market premium is unofficial and not a guarantee of listing price.
The total subscription for Ajwa Projects Ltd. is 1.12 times.
Dates
Opens
28 Oct 2026
Closes
30 Oct 2026
Allotment
2 Nov 2026
Refunds
3 Nov 2026
Demat credit
3 Nov 2026
Listing
4 Nov 2026
Ajwa Projects provides industrial services such as fabrication, erection and piping. It also builds pressure equipment, prefabricated structures and civil works.
Objects of the issue
- Funding capital expenditure requirements towards acquisition of plant & machinery, transport vehicle/assets
- Repayment or prepayment, in full or in part, of borrowings availed by Company
- Working Capital Requirement
- General Corporate Purposes
Promoters
Mohammad Khurshid Alam Khan, Zarinbegum Khurshid Alam Khan and Riyaz Rafiq Padela
Subscription
Subscribed 1.12x overall. Final, as of 30 Oct 5 pm IST.
NII
0.32x
Retail
1.93x
Total
1.12x
Issue
- Face value
- ₹10
- Fresh issue
- ₹28.53 crore
- Offer for sale
- ₹7.6 crore
- Exchanges
- BSE SME
- Registrar
- Kfin Technologies Ltd.
Reservation
- Retail
- 50.03%
- NII
- 49.97%
Financials
₹ crore, for the last three reported years.
| Year | Total income | PAT | Net worth | Assets | Borrowings |
|---|---|---|---|---|---|
| FY26 | 48.56 | 5.42 | 17.71 | — | — |
| FY25 | 36.87 | 3.28 | 12.29 | — | — |
| FY24 | 34.38 | 2.95 | 8.9 | — | — |
Listing
- Last GMP before listing
- ₹2 (checked 30 Oct 2026, 11:37 pm IST). Unofficial
Frequently asked questions
What is the price band?
The price band is ₹203 to ₹203.
When does this issue open?
It opens on 28 Oct 2026 and closes on 30 Oct 2026.
What is the minimum investment?
The minimum retail application is ₹1,21,800 for 1 lot.
What does the grey market premium mean here?
₹2 as of 30 Oct 2026, 11:37 pm IST. It is unofficial.
How many times was it subscribed?
The total subscription is 1.12 times, checked 30 Oct 2026, 5:00 pm IST.
When is allotment?
Allotment is on 2 Nov 2026.
The questions above use only the figures on this page.
This page is a calendar of dates and prices. It is not a recommendation to apply.