Ajwa Projects
closed
IPO Important Dates
| IPO Opening Date | 28 Oct 2026 |
|---|---|
| IPO Closing Date | 30 Oct 2026 |
| Allotment Date | 02 Nov 2026 |
| Listing Date | 04 Nov 2026 |
IPO Issue Details
| Company | Ajwa Projects |
|---|---|
| Symbol | Not Available Yet |
| ISIN | INE1NMO01017 |
| IPO Type | sme |
| Exchange | BSE |
| Face Value | ₹10.00 |
| Fresh Issue | ₹28.53 Cr |
| Offer for Sale | ₹7.60 Cr |
| Listing Gain | Not Available Yet |
| Listing Day Closing Price | Not Available Yet |
| Listing Day Closing Gain | Not Available Yet |
About the Company
Ajwa Projects Limited is a Gujarat-based industrial services company incorporated in 2011, engaged in a diversified portfolio of services including fabrication, piping, erection, pressure equipment, prefabricated structures, blasting & painting, maintenance & mechanical services, and civil construction works. The company serves sectors such as oil & gas, petrochemicals, refineries, power generation, steel, cement, nuclear power, bridges, metro rail, and bullet train infrastructure. With a workforce of 557 personnel and an order book of ₹4,243.45 lakhs (as of October 2026), the company operates both at its Surat-based workshop and at client project sites across multiple Indian states. The company is certified under ISO 9001:2015 for Quality Management and ISO 45001:2018 for Occupational Health and Safety.
IPO Subscription Details
| Investor Category | Subscription |
|---|---|
| Non-Institutional Investors (NII) | 0.32x |
| Big HNI | 0.19x |
| Retail Investors | 1.93x |
| Total Subscription | 1.12x |
Registrar & Lead Managers
| Registrar | Kfin Technologies Ltd. |
|---|---|
| Lead Managers | Wealth Mine Networks Ltd. |
Official IPO Documents
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