Ajwa Projects Ltd IPO - Check Issue Date, Price, Lot Size & Details with BlinkX.

Ajwa Projects Ltd IPO

Our Company 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. Our role begins where we undertake the core execution and manufacturing activities that convert approved plans into functional industrial assets. Through these activities, our Company plays a critical role in creating and sustaining industrial and infrastructure facilities across sectors.

Ajwa Projects Ltd IPO Details

Total Shares Offered

₹ 18,74,400

Offer to Public

3,74,400

Retail Max (Shares)

₹ 8,89,200

Pre Issue Promoters Holding

₹ 39,55,990

Exchange

BSE

Issue size

₹ 38.05 Cr

IPO Open Date

Oct 28, 2026

Close Date

Oct 30, 2026

Lot Size

1200

Min Investment

₹ 2,43,600

Issue Type

Fixed Price - SME

Listing Date

Nov 4, 2026

Ajwa Projects Ltd IPO Dates

Oct 28, 2026

Opening date

Oct 30, 2026

Closing date

Nov 2, 2026

Basis of Allotment

Nov 3, 2026

Initiation of Refunds

Nov 3, 2026

Credit of Shares

Nov 4, 2026

Listing date

Details

Sector	Type
Sector	Engineering - Turnkey Services
Sub Sector	NA
Issue Type	Fixed Price - SME

Subscription Status

*Values are in Lakhs

Investor Type	Subscription Times	Shares Offered*
QIB	0x	0
NII	0x	890400
Retail	0x	889200
Employee	0x	0
Total	0x	1874400

Investor Type

QIB

NII

Retail

Employee

Total

Subscription Times

890400

889200

1874400

Ajwa Projects Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)

Particulars (in Rs. Crores)	FY23	FY22	FY21
Revenue from operations	5.06	4.39	1.19
EBITDA	5.37	4.67	1.39
PAT	3.28	2.95	0.61
Total Assets	20.22	15.15	11.79
Share Capital	4.00	0.09	0.09
Total Borrowings	5.89	7.57	7.20
Operating Activities (Net Cash)	3.59	3.23	0.81
Investing Activities (Net Cash)	1.74	1.10	0.06
Financing Activities (Net Cash)	5.89	7.57	7.20
Net Cashflow	0.21	0.66	1.37

About Ajwa Projects Ltd

Our company was originally incorporated as a Private Limited Company under the name and style of Ajwa Projects Private Limited in accordance with the Companies Act, 1956 pursuant to a Certificate of Incorporation issued by Registrar of Companies, Dadra and Nagar Haveli, Gujarat on March 12, 2011, with the corporate identification number (CIN) being U45200GJ2011PTC064399. Subsequently, our company was converted into Public Limited Company under the Companies Act, 2013 and the name of our Company was changed to Ajwa Projects Limited vide a fresh Certificate of Incorporation consequent upon conversion from Private Company to Public Company dated June 27, 2025, bearing Corporate Identification Number U45200GJ2011PLC064399, issued by the Registrar of Companies, Central Processing Centre.

The fabrication market was valued at approximately USD 21.8 billion in 2024 and is projected to reach USD 32.6 billion by 2031, growing at a CAGR of 5.9% during the forecast period. The market is witnessing sustained growth due to rising demand for precision manufacturing, advanced metal structures, and increased adoption of automation in industrial sectors. Sectors such as automotive, aerospace, construction, and energy are contributing significantly to the need for fabricated metal parts and assemblies.

Peer Comparison:

Atmastco Ltd
Samay Project Services Ltd

Ajwa Projects Ltd Key Points

Strengths

Experienced Management team with proven execution capabilities.

Quality control.

Customization as per Contractor Needs.

Leveraging the Experience of our Promoter.

Long-term relationships with the Clients.

Risk

There are outstanding legal proceedings involving our Company, Promoters and Directors. Any adverse decision in such proceeding may have a material adverse effect on our business, results of operations and financial condition.

A substantial portion of our revenues has been dependent upon a limited number of customers. Loss of any of the top customers or any reduction of business from any one of them may affect the financial performance of the Company.

We depend on our suppliers for raw materials, parts and other materials. Any interruption in the availability of raw materials, parts and other materials, or any disruption, breakdown or shutdown of our suppliers or any instability of our supplier base could adversely impact our operations.

Strategy

Expansion of Geographic Footprint.

Enhancing Financial Strength through Debt Reduction.

Focus on Skilled Workforce and Operational Excellence.

Capitalising on Growing Infrastructure Demand.

How To Apply for Ajwa Projects Ltd IPO Online?

Step 1:

Step 2:

From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

FAQs on IPO (Initial Public Offering)

What is the issue size of the Ajwa Projects Ltd IPO?

Ajwa Projects Ltd's IPO offers shares for up to 30.45 It begins on Oct 28, 2026 and ends on Oct 30, 2026.

What is the price of the Ajwa Projects Ltd IPO?

The price of Ajwa Projects Ltd IPO ranges between ₹203 to ₹203 per share.

What are the open and close dates for the Ajwa Projects Ltd IPO?

The Ajwa Projects Ltd IPO opens on Oct 28, 2026 and closes on Oct 30, 2026.

When will the Ajwa Projects Ltd IPO be allotted?

The allotment for the Ajwa Projects Ltd IPO will be finalised on Nov 2, 2026. The shares will be listed on BSE and NSE on Nov 4, 2026.

What is the minimum lot size required for Ajwa Projects Ltd IPO?

The minimum lot size for Ajwa Projects Ltd IPO is 1200 shares, priced between ₹203 to ₹203 per share.

What is the GMP of Ajwa Projects Ltd IPO?

The GMP (Grey Market Premium) of Ajwa Projects Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Ajwa Projects Ltd IPO?

To check the allotment status of Ajwa Projects Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Ajwa Projects Ltd IPO getting listed?

The Ajwa Projects Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Oct 28, 2026, and closes on Oct 30, 2026. The allotment is finalised on Nov 2, 2026.

How do you apply for the Ajwa Projects Ltd IPO?

To apply for the Ajwa Projects Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.