Ajwa Projects IPO Subscription Status Day 2: Issue Subscribed 0.88 Times

Mumbai, October 29: The Ajwa Projects IPO received bids for 16,50,000 equity shares by 4:59 PM IST on October 29, 2026, the second day of bidding, according to the BSE subscription data provided. This represented approximately 0.88 times the total issue size of 18,74,400 shares. Individual investors accounted for 13,94,400 shares, while non-institutional investors (NIIs) submitted bids for 2,55,600 shares. No bids were recorded in the qualified institutional buyers (QIBs) category at the reported timestamp. The fixed-price public offering comprises 18,74,400 equity shares at an issue price of ₹203 per share. At this price, the issue has an aggregate value of approximately ₹38.05 crore. The IPO opened for subscription on October 28, 2026, and is scheduled to close on October 30, 2026. The market lot is 600 equity shares, while the minimum bid quantity has been fixed at 1,200 shares.

Ajwa Projects IPO Day 2 Subscription Status

As of 4:59 PM IST on October 29, 2026, the Ajwa Projects IPO had received applications for 16,50,000 equity shares. The exchange data recorded a total of 1,266 applications across the investor categories. Individual investors applying for two lots contributed the largest portion of the bids received. This category accounted for 13,94,400 equity shares through 1,162 applications. The NII segment registered bids for 2,55,600 shares through 104 applications. All applications reported in this category came from individual investors bidding for more than two lots. Meanwhile, the QIB category had not recorded any applications as of the reported update. The available exchange snapshot does not specify the shares reserved for each investor category, so category-wise subscription multiples cannot be established from the supplied figures.

Ajwa Projects IPO Day-wise Subscription Summary

The Ajwa Projects IPO opened for public subscription on October 28, 2026. The available BSE snapshot provides the bidding position for October 29, the second day of the offering.

The second-day figures indicate that individual investors formed the largest share of reported applications. The issue remains open for bidding until October 30, 2026, when the scheduled subscription period concludes.

Ajwa Projects IPO Timeline

The Ajwa Projects IPO follows a three-day subscription schedule from October 28 to October 30, 2026. The supplied exchange details confirm the issue period and listing platform, although the subsequent allotment and listing dates are not specified.

Brief Overview of the Ajwa Projects IPO

The Ajwa Projects IPO is a fixed-price public issue comprising 18,74,400 equity shares. The issue price has been set at ₹203 per share, including a premium of ₹193 over the face value of ₹10. Based on the issue price, the aggregate offering amounts to approximately ₹38.05 crore. The market lot consists of 600 equity shares, while the minimum bid quantity is 1,200 shares. Investors applying for the minimum quantity are required to commit ₹2,43,600 at the fixed issue price. The IPO opened on October 28, 2026, and will close on October 30, 2026. The maximum bid quantity specified in the exchange details is 17,79,600 equity shares. Wealth Mine Networks Private Limited is the lead manager for the public offering, while KFin Technologies Limited is acting as the registrar. IndusInd Bank Limited has been appointed as the sponsor bank. The company’s shares are proposed to be listed on the BSE. The supplied exchange information identifies the issue structure, subscription period, intermediaries and bidding activity, but does not provide a detailed description of the company’s operations or the confirmed post-issue allotment and listing dates.

Source: 

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