Ajwa Projects Ltd IPO is priced at ₹203 per share with an issue size of ₹38 crore. The IPO opens on Oct 28, 2026 and closes on Oct 30, 2026, with a lot size of 600 shares and a minimum investment of ₹2,43,600.
No GMP data recorded yet for this IPO.
Subscription data isn't available yet — it appears once bidding opens.
| Price Band | ₹203.00 per share |
| Lot Size | 600 shares |
| Min Investment | ₹2,43,600 |
| Total Issue Size | ₹38.00 crore |
| Shares Offered | 18,74,400 |
| Issue Structure | Fresh Issue + Offer for Sale |
| Issue Type | Fixed Price IPO |
| Lead Manager(s) | Wealth Mine Networks Ltd. |
| Registrar | Kfin Technologies Ltd. |
| Listing At | BSE SME |
Issue price ₹203 · lot size 600 shares · no GMP recorded, so estimated profit is nil
| Category | Lots | Shares | Investment | Value at listing | Profit |
|---|---|---|---|---|---|
| Retail (Min) | 1 | 600 | ₹1,21,800 | ₹1,21,800 | ₹0 |
| S-HNI (Min) | 2 | 1,200 | ₹2,43,600 | ₹2,43,600 | ₹0 |
| S-HNI (UPI limit) | 4 | 2,400 | ₹4,87,200 | ₹4,87,200 | ₹0 |
| S-HNI (Max) | 8 | 4,800 | ₹9,74,400 | ₹9,74,400 | ₹0 |
| B-HNI (Min) | 9 | 5,400 | ₹10,96,200 | ₹10,96,200 | ₹0 |
| Metric | Latest Reported |
|---|---|
| Total Income | ₹12.44 Cr |
| Profit After Tax | ₹1.56 Cr |
| Net Worth | ₹19.27 Cr |
Promoters: Mohammad Khurshid Alam Khan, Zarinabegum Khurshid Alam Khan
| Promoter Holding (Pre-Issue) | 4000000% |
| Promoter Holding (Post-Issue) | 5500000% |
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.
| Founded | 2011 |
| Headquarters | Surat, Gujarat |
| Industry | Civil Construction |
| Website | https://www.ajwaprojects.com/ |
| Registrar | Kfin Technologies Ltd. |
| Phone | 040-79615565 |
| [email protected] |
12 answers about Ajwa Projects Ltd IPO — dates, pricing, allotment and listing.
Ajwa Projects Ltd IPO is a fixed price ipo of ₹38 crore. The issue is priced at ₹203 per share, with a lot size of 600 shares. Bidding opens on Wed, 28 Oct 2026 and closes on Fri, 30 Oct 2026, with shares to be listed on BSE SME.
The price band is ₹203 per share.
One lot is 600 shares. Bids must be placed in multiples of 600.
A retail investor needs at least ₹2,43,600 – one lot of 600 shares at ₹203.
Ajwa Projects Ltd IPO opens on Wed, 28 Oct 2026 and closes on Fri, 30 Oct 2026.
Allotment is expected to be finalised on Mon, 02 Nov 2026.
Ajwa Projects Ltd shares are expected to list on Wed, 04 Nov 2026 on BSE SME.
The company intends to use the net proceeds towards 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 and general corporate purposes.
Wealth Mine Networks Ltd. is the book running lead manager. Kfin Technologies Ltd is the registrar to the issue.
Apply online through your broker using UPI, or through your bank's net banking using ASBA. Select Ajwa Projects Ltd IPO, enter a quantity in multiples of 600 along with your bid price, submit the application, then approve the UPI mandate in your payment app before the cut-off time.
Category-wise demand from retail, NII and QIB bidders is on the Ajwa Projects Ltd IPO subscription page, and on the BSE and NSE websites.
From Mon, 02 Nov 2026, check the Ajwa Projects Ltd IPO allotment status using your PAN, application number or DP ID – also available on the registrar's website.