Ajwa Projects IPO Subscribed 1.12 Times on Final Day 

Mumbai, October 30: The Ajwa Projects IPO closed with an overall subscription of 1.12 times on Friday, October 30, 2026. Investors bid for 19,99,200 shares against the 17,79,600 shares available to the public, according to subscription data recorded at 5:04 PM on the final day. 

The fixed-price issue was priced at ₹203 per share and comprised a fresh issue of 15 lakh shares aggregating to ₹30.45 crore and an offer for sale of 3.74 lakh shares worth ₹7.60 crore. The total issue size was ₹38.05 crore. 

Ajwa Projects IPO Subscription Status 

The retail investor category led demand, with subscriptions of 1.93 times, while the non-institutional investor (NII) category was subscribed 0.32 times. 

Day-Wise Subscription Trend 

Ajwa Projects IPO Details 

The IPO opened on October 28 and closed on October 30, 2026. The minimum application size was 1,200 shares, requiring an investment of ₹2,43,600 at the issue price. Wealth Mine Networks Ltd. was the book-running lead manager, and KFin Technologies Ltd. was the registrar. 

Key Dates 

• IPO opening and closing: October 28–30, 2026 

• Tentative allotment: November 2, 2026 

• Refunds: November 3, 2026 

• Share credit: November 3, 2026 

• Tentative listing: November 4, 2026, on BSE SME 

About Ajwa Projects 

Incorporated in 2011, Ajwa Projects Limited provides industrial services across fabrication, erection, piping, pressure equipment, prefabricated structures, civil construction and maintenance. The company also manufactures industrial frameworks, girders, heavy modules and platforms. 

Conclusion 

Ajwa Projects IPO crossed the subscription threshold on its final day, reaching 1.12 times overall demand. Retail participation drove the response, while the NII portion remained undersubscribed.  

Source

• https://www.bseindia.com/markets/publicIssues/DisplayIPO id=4913&type=FPO&idtype=1&status=L&IPONo=8066&startdt=28%2F10%2F2026