Minimum Investment
₹121,800
Price Range
₹203
Lot Size
600 shares
Issue Size
₹38 Cr
About the Company
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.
Fixed Price IPO
IPO Objectives
- 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
Important Dates
| Bid/Offer Opens On | 28-10-2026 |
| Bid/Offer Closes On | 30-10-2026 |
| Finalisation of Basis of Allotment | 02-11-2026 |
| Initiation of Refunds | 03-11-2026 |
| Credit of Shares to Demat | 03-11-2026 |
| IPO Listing Date | 04-11-2026 |
IPO Subscription Status
| Category | Offered Shares | Applied Shares | Times |
|---|---|---|---|
| NII | 889,200 | 379,200 | 0.43x |
| Retail | 890,400 | 1,714,800 | 1.93x |
| Total | 1,779,600 | 2,094,000 | 1.18x |
Frequently asked questions
What is the Ajwa Projects IPO (BSE SME) IPO lot size?
The lot size is 600 shares with a minimum investment of ₹121,800.
When does the Ajwa Projects IPO (BSE SME) IPO open and close?
Bidding is scheduled from 28-10-2026 to 30-10-2026 (subject to exchange updates).
How can I apply for the Ajwa Projects IPO (BSE SME) IPO?
You can apply via the IPO Focuss - Ambica Finstock LLP mobile app during the bidding window using UPI or ASBA as available for this issue.
What is the Ajwa Projects IPO (BSE SME) IPO listing date?
Shares are expected to list on 04-11-2026 (tentative; confirm from RHP / exchange notices).
Grey Market Premium (GMP)
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Registrar
Kfin Technologies Ltd.
Lead Managers
- Wealth Mine Networks Ltd.
Company Promoters
- Mohammad Khurshid Alam Khan
- Zarinbegum Khurshid Alam Khan and Riyaz Rafiq Padela.
