Skip to main content
Ajwa Projects Ltd Logo

Ajwa Projects Ltd

Oct 28, 2026 – Oct 30, 2026
GMP:
₹0
(0.00%)
Price Band₹203 - ₹203
Lot Size0 Shares
Allotment DateNov 02, 2026
Listing DateNov 04, 2026
Subscription-
Issue Size₹38.05 Cr

IPO Details

Subscription

lot distribution

Lot Distribution

reservation

Reservation

company financials

Company Fin.

₹0
(0.00%)

Premium (ELP)

Ajwa Projects Ltd's presents an investment opportunity through its forthcoming IPO with a total issue size of 18,74,400 Shares. The fresh issue of 15,00,000 Shares aims to strengthen the company's financial position, while the OFS component of ₹7.60 Cr offers partial exit opportunities to existing investors.

The indicative price range of ₹203 to ₹203 per share and minimum lot size ofTBD have been designed to accommodate varying investment capacities while ensuring broad market participation.

The subscription period is scheduled from Oct 28, 2026 to Oct 30, 2026. Post- subscription, the allotment process will conclude on Nov 02, 2026, with the official listing ceremony expected on Nov 04, 2026 at the BSE exchange.

Ajwa Projects IPO Details
IPO Date
:
Oct 28, 2026 to Oct 30, 2026
Allotment Date
:
Nov 02, 2026
List Date
:
Nov 04, 2026
Lot Size
:
0 share
Issue Price
:
₹203 - ₹203
Issue Size
:
18,74,400 (aggregating up to 38.05 Cr)
Fresh Issue
:
15,00,000 (aggregating up to 30.45 Cr)
Offer For Sale
:
3,74,400 (aggregating up to 7.60 Cr)
Listing At
:
BSE
Share Holding Pre-Issue
:
40,00,000
Share Holding Post-Issue
:
55,00,000
Market Marker Portion
:
94,800
First time applying for an IPO? Read our guide on How to Apply for an IPO & Bidding Timings.
Lot(s) Distribution

Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.

IPO Reservation
Shares18,74,400
HNI
47.44%(8,89,200)
RETAIL
47.50%(8,90,400)
Market Maker
5.06%(94,800)
Total
100.00%(18,74,400)
Ajwa Projects IPO Key Performance Indicators
Want to understand how to evaluate these metrics? Read our guide on IPO Key Performance Indicators (KPIs).
Company Financials (In Crores)

Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."

The expected premium (GMP) is based on market buzz and unofficial trading. It should not be considered as the guaranteed listing price. Always refer to the RHP and seek advice from a financial expert before making investment decisions.

💡 Read our detailed guide: What is IPO Grey Market Premium (GMP) & How It Works?📈 Track all live rates on IPO GMP Today

✅Ajwa Projects IPO Strength Factors

Experienced and Skilled Leadership: The Company is guided by promoters who bring over 25 years and 18 years of industry experience, respectively, in fabrication, construction, and operational management. Their expertise has helped establish an integrated business model covering fabrication, structural erection, and civil construction. Backed by a qualified technical workforce, the Company focuses on maintaining execution efficiency, quality standards, and reliable project delivery.

Wide Range of Industrial Services: The Company provides a broad spectrum of engineering and construction solutions, including structural fabrication, industrial piping, equipment erection, pressure equipment works, prefabricated structures, and civil construction. Its diversified service capabilities allow it to undertake different phases of industrial and infrastructure projects across sectors such as oil and gas, steel, power generation, cement, bridges, and metro rail development.

Healthy Order Book and Project Pipeline: As of October 5, 2026, the Company had more than 26 ongoing projects, representing an outstanding order book valued at ₹4,243.45 lakhs, as verified by its statutory auditors. This portfolio of active projects provides visibility into potential future revenue and supports business stability through exposure to multiple industries, limiting reliance on any particular sector.

⚠️Ajwa Projects IPO Risk Factors

Pending Legal and Tax Matters: The Company is involved in ongoing tax-related proceedings with an aggregate amount of ₹4.90 lakhs, while proceedings involving ₹101.32 lakhs are pending against the Promoters. An unfavorable outcome in these matters may adversely impact the Company’s financial position, operating performance, and business activities.

High Dependence on Key Customers: The Company derives a significant share of its operating revenue from a relatively small group of customers. In FY 2025–26, its largest customer contributed 19.05% of revenue from operations, while the top 10 customers collectively accounted for 86.65%. The loss of major customers or a reduction in business from them could affect revenue stability and overall performance.

Raw Material Sourcing and Supplier Risks: The Company relies on client-designated suppliers or a limited vendor network for essential materials, including steel, cement, and other construction inputs. During FY 2025–26, its largest supplier represented 10.08% of the total cost of materials consumed. Any interruption in supply, increase in procurement costs, or limited availability of materials could affect project timelines, operating costs, and profitability.

🏦Ajwa Projects IPO Lead Manager(s)
Wealth Mine Networks Private Limited
🏢Ajwa Projects IPO Company Details

Ajwa Projects Ltd

Phone:02612786786
address:M/71, Silver Spring Near Bhulkabhavan School, Adajan, Surat, Gujarat, 395009
📋Ajwa Projects IPO Registrar

Kfin Technologies Limited

Name:Kfin Technologies Limited
Phone:+914067162222
❓Ajwa Projects IPO FAQs
IPO Trend Assistant
Online
Powered by IPO Trend