Ajwa Projects IPO Subscription Day 1

Authored By HDFC SKY | Published at: Oct 28, 2026 07:26 PM IST

Ajwa Projects IPO was subscribed 0.40 times on Day 1, October 28, 2026. Retail investors subscribed 0.65 times, while the NII category recorded 0.14 times subscription.

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Mumbai, October 28:Ajwa Projects IPO was subscribed 0.40 times as of 5:05 PM on Day 1 of bidding. The ₹38.05 crore fixed-price issue received bids for 7,08,000 shares against 17,79,600 shares offered to the public, excluding the market maker portion.

The retail category was subscribed 0.65 times, while the NII category recorded subscription of 0.14 times.

Ajwa Projects IPO Subscription Status

Category	Subscription
NII	0.14x
Individual Investors	0.65x
Total	0.40x

Day-Wise Subscription Trend

Date	NII	Individual Investors	Total
October 28 (Day 1)	0.14x	0.65x	0.40x

Ajwa Projects IPO Details

The ₹38.05 crore IPO comprises a fresh issue of 15 lakh shares worth ₹30.45 crore and an offer for sale of 3.74 lakh shares worth ₹7.60 crore. The issue price is ₹203 per share, with a minimum application of 1,200 shares requiring ₹2,43,600. The issue closes on October 30, with allotment expected on November 2 and listing tentatively scheduled for November 4, 2026, on the BSE SME platform.

About Ajwa Projects

Ajwa Projects Ltd., incorporated in 2011, provides industrial services, including fabrication, piping, pressure equipment, prefabricated structures and civil construction. It also manufactures specialised components for industrial and infrastructure projects.

Conclusion

Ajwa Projects IPO was subscribed 0.40 times on Day 1, with retail investors showing stronger demand than NII investors. The issue remains open for subscription until October 30, 2026.

Source:

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

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