IPO SaathiSME IPO · BSE · Closed, awaiting listing
Ajwa Projects IPO GMP, Subscription & Dates
In short
Ajwa Projects IPO closed on 30 Oct 2026. It was subscribed 1.12x overall. The price band is ₹203, the lot size is 600 shares and the smallest application is ₹2,43,600. Allotment is expected on 2 Nov 2026 and listing on 4 Nov 2026. The GMP is ₹1 (0.5% of the ₹203 upper price band), last changed on 2 Nov 2026, 12:45 AM IST, which points to an indicative listing price of ₹204. GMP is an unofficial grey-market figure, not a forecast.
Ajwa Projects IPO subscription status
The issue was subscribed 1.12x overall, as of 30 Oct 2026, 4:40 PM IST. Reserved and Applied are in lakh shares, from the exchange's bidding data. A dash means the category has no quota of its own; N/A means the exchange has not published it.
| Category | Reserved (L) | Applied (L) | Sub. |
|---|---|---|---|
| QIB | N/A | 0 | N/A |
| NII | N/A | 3.79 | N/A |
| bNII (> ₹10L) | N/A | 1.66 | N/A |
| sNII (₹2–10L) | N/A | 2.13 | N/A |
| Retail | N/A | 17.15 | N/A |
| Total | 18.74 | 20.94 | 1.12x |
Ajwa Projects IPO dates: open, close, allotment and listing
Dates and times are in Indian time. Allotment and refund are worked out from the close date by SEBI's T+3 timeline, skipping trading holidays.
| Milestone | Date |
|---|---|
| IPO opens | 28 Oct 2026, 10:00 AM |
| IPO closes | 30 Oct 2026, 4:00 PM |
| Allotment | 2 Nov 2026 (expected) |
| Refund and share credit | 3 Nov 2026 (expected) |
| Listing | 4 Nov 2026 (expected) |
Ajwa Projects IPO price band, lot size and the amount you need
| Price band | ₹203 |
|---|---|
| Lot size | 600 shares |
| Smallest application | ₹2,43,600 |
| Issue size | ₹38.05 Cr |
| Board | SME |
| Listing on | BSE |
| Registrar | KFin Technologies Limited |
The amount each application size needs, at the upper price band:
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 1,200 | ₹2,43,600 |
| Retail (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 |
Ajwa Projects IPO GMP today
We check the grey market about every hour and keep a new reading only when the value changes.
| GMP | ₹1 |
|---|---|
| GMP as a share of the upper price band | 0.5% |
| Indicative listing price | ₹204 |
| Last changed | 2 Nov 2026, 12:45 AM IST |
GMP is an unofficial figure from public grey-market trackers. No exchange or regulator issues it, and it can differ a lot from the listing price.
GMP day by day
| Date | GMP | Share of upper band | Indicative price |
|---|---|---|---|
| 2 Nov 2026 | ₹1 | 0.5% | ₹204 |
| 1 Nov 2026 | ₹1 | 0.5% | ₹204 |
| 31 Oct 2026 | ₹1 | 0.5% | ₹204 |
| 30 Oct 2026 | ₹2 | 1.0% | ₹205 |
| 29 Oct 2026 | ₹5 | 2.5% | ₹208 |
| 28 Oct 2026 | ₹35 | 17.2% | ₹238 |
| 27 Oct 2026 | ₹38 | 18.7% | ₹241 |
| 26 Oct 2026 | ₹10 | 4.9% | ₹213 |
About Ajwa Projects
AJWA PROJECTS LIMITED is engaged in a diversified portfolio of industrial services that span fabrication, piping, erection, pressure equipment, prefabricated structures, Blasting & Painting, maintenance & mechanical services, and civil construction works. The company serves client specifications across sectors including steel, power, oil and gas, refineries, and railways.
Summarised from the company's offer document.
Offer document
Read the Ajwa Projects offer document (RHP or DRHP, as filed with SEBI and the exchange).
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Common questions
What is the Ajwa Projects IPO price band and lot size?
The price band is ₹203 and the lot size is 600 shares. The smallest application is ₹2,43,600 at the upper price band.
When does the Ajwa Projects IPO open and close?
It opened on 28 Oct 2026 at 10 AM and closed on 30 Oct 2026 at 4 PM.
What is the Ajwa Projects IPO subscription status?
It was subscribed 1.12x overall as of 30 Oct 2026, 4:40 PM IST. The table above shows each category.
When is the Ajwa Projects IPO allotment and listing date?
By SEBI's timeline the allotment is on 2 Nov 2026, refunds and share credit on 3 Nov 2026, and listing on 4 Nov 2026, if the dates hold. The exchange confirms the listing date.
What is the Ajwa Projects IPO GMP today?
Ajwa Projects IPO GMP is ₹1, last changed on 2 Nov 2026, 12:45 AM IST. GMP is an unofficial grey-market figure.
Where do the numbers come from?
Dates, price band, lot size and subscription come from the exchanges and SEBI filings. GMP comes from public grey-market trackers. See the Data sources page.
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