ICICI Securities Limited
BSE SME

Ajwa Projects Limited IPO

SME Upcoming
  • IPO Open Date
  • 28th Oct 2026
  • IPO Close Date
  • 30th Oct 2026
  • Allotment date
  • 2nd Nov 2026
  • Listing date
  • 4th Nov 2026
  • Issue Size
  • ₹ 38 Cr.
  • Issue Price Band
  • ₹ 203
  • Lot Size
  • 600 Share
  • Minimum Investment
  • ₹ 243600

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 Ajwa Projects Limited

Ajwa Projects Limited provides industrial fabrication, erection and construction-related services. It manufactures and assembles customised structural steel components for industrial facilities using processes including machining and welding.

Its fabrication work covers structural frameworks, industrial buildings, equipment modules, pressure vessels, boilers, tanks and other components.

The company installs and aligns fabricated structures, piping networks and industrial equipment at project locations. It also provides blasting and painting, prefabricated structures, maintenance and mechanical services. Civil construction activities include foundations, concrete works and supporting structures for industrial projects. The company serves customers requiring the construction, installation and maintenance of industrial assets.

Read More

IPO Subscription Details

Category Shares Offered Shares Applied Subscription Times (x)
Updated on

Grey Market Premium (GMP)

GMP Date IPO Price GMP Estimated Listing Price Estimated Profit* Last Updated
26-10-2026 ₹203 ₹0 ₹203 ( 0.00% ) ₹0.00 26-Oct-2026 10:12 AM
Disclaimer: Grey Market Premium (GMP) is an unofficial market indicator provided for informational purposes only. It may change at any time and should not be considered investment advice or a guarantee of listing gains. Please evaluate company fundamentals, financials, valuation, and subscription data, and consult a SEBI-registered financial advisor before making any investment decision.

Financials of Ajwa Projects Limited

A quick overview of the key Financial Performance of Ajwa Projects Limited.

Total Assets (₹ Cr)

Revenue (₹ Cr)

Profit after Tax (₹ Cr)

*All values are in Rs. Cr

Company Financials

Revenue increased by 290%, Profit after Tax (PAT) increased by 247%, Total Assets decreased by 13% between FY2026 (Jun) and FY2026.

Period Ended FY2024 FY2025 FY2026 (Jun) FY2026
Revenue 34.27 36.73 12.41 48.42
Assets 25.00 25.57 41.97 36.37
Total Income 34.38 36.87 12.44 48.56
Profit After Tax 2.95 3.28 1.56 5.42
EBITDA 5.68 6.41 2.45 9.03
Net Worth 8.90 12.29 19.27 17.71
Reserves & Surplus 8.81 8.29 15.27 13.71
Total Borrowings 10.85 7.96 13.84 12.52
Amount in ₹ Crore

IPO Lot Size

Application Lots Shares Amount
Individual Investors (IND) (Min) 2 1,200 ₹ 2,43,600
Individual Investors (IND) (Max) 2 1,200 ₹ 2,43,600
S-HNI (Min) 3 1,800 ₹ 3,65,400
S-HNI (Max) 8 4,800 ₹ 9,74,400
B-HNI (Min) 9 5,400 ₹ 10,96,200

Key Performance Indicators (KPI)

KPI Latest
ROE (%) 8.42
ROCE (%) 7.56
Debt / Equity 0.72
RoNW (%) 8.42
PAT Margin (%) 12.55
EBITDA Margin (%) 19.71
Pre IPO
Post IPO
EPS (₹)
3.89
-
P/E (x)
14.97 (FY2026; latest disclosed P/E, not interim)
-
Promoter Holding (%)
-
-
Disclaimer: KPI values are based on information disclosed in the IPO prospectus and are provided for informational purposes only.

IPO Lead Manager(s)

Lead Manager Details

  • Wealth Mine Networks Limited

IPO Registrar

  • Registrar Name
  • Kfin Technologies Limited
  • Phone
  • +91 40 6716 2222
  • Contact Person
  • Mr. M Murali Krishna
  • SEBI Registration Number
  • INR000000221
  • Address
  • 301, The Centrium, 3rd Floor, 57, Lal Bahadur Shastri Road, Nav Pada, Kurla (West), Mumbai – 400070, Maharashtra

Company Contact Details

  • Company Name
  • Ajwa Projects Limited
  • Phone
  • 0261-2786786
  • Contact Person
  • Mr. Jatin Mansukhbhai Vaghasiya
  • Corporate Identity Number
  • U45200GJ2011PLC064399
  • Address
  • M/71, Silver Spring Near Bhulkabhavan School, Adajan, Surat-395009, Gujarat, India

Ajwa Projects Limited FAQs

The Ajwa Projects Limited IPO is a SME IPO with a total issue size of ₹ 38 crores. The IPO price band is fixed at ₹203 to ₹ 203 per share, and the minimum lot size is 600 Shares. The Ajwa Projects Limited IPO will open on 28th Oct 2026, and will close on 30th Oct 2026. Kfin Technologies Limited has been appointed as the registrar for the issue. The equity shares are proposed to be listed on BSE SME.

The Ajwa Projects Limited IPO opens on 28th Oct 2026 and closes on 30th Oct 2026.

The Ajwa Projects Limited IPO lot size is 600 Share, and the minimum amount required for application is ₹ 243600.

You can apply for the Ajwa Projects Limited IPO through your bank account using the ASBA facility or via your online trading and Demat account. To apply online, log in to your broker’s platform, select Ajwa Projects Limited IPO, enter the number of lots, choose your price within the price band, and submit the application. After submitting, approve the UPI mandate to block the required amount in your bank account. Once the IPO allotment is finalised, shares will be credited to your Demat account if allotted. If not allotted, the blocked amount will be released automatically.

The Ajwa Projects Limited IPO listing date is 4th Nov 2026.
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