1. Completed
Loading page
SME
SME issue. Listed.
Source: IPO Guru Pro
Company information, issue size, price band, lot size, minimum investment, and the dates published for this issue.
Ajwa Projects Limited is based in Surat, Gujarat. It is a multi-disciplinary industrial services company that delivers fabrication, erection, piping, pressure equipment, prefabricated structures, civil construction and maintenance work. In fabrication, it makes structural components, pressure vessels, boilers, tanks, ducts and precision parts. In erection and piping, it installs heavy structures, equipment and process pipelines for chemicals, gases, steam and fluids. Its civil work covers site development, foundations, industrial buildings, silos and tanks. It also makes modular and portable buildings, and offers maintenance services such as PSV calibration, NDT testing, blasting and painting, and plant shutdown support. The company serves oil and gas, petrochemicals, refineries, power, steel, heavy metals, cement, nuclear power, bridges, metro rail and bullet train projects. It has over 550 skilled and semi-skilled workers. Total income was Rs 48.56 crore in FY2026 against Rs 36.87 crore in FY2025, and profit after tax was Rs 5.42 crore in FY2026. As of 30 September 2025, its order book stood at Rs 19.82 crore.
Current premium in rupees, the derived percentage, and the indicative price. History shows observed readings only. A missing premium is unavailable, not ₹0.
Grey Market Premium (GMP) is an unofficial market indicator and is not published by stock exchanges. Estimated listing values are illustrative, may change, and should not be considered a forecast or investment recommendation.
Indicative only. A GMP-implied price is not a guaranteed listing price.
Subscription is shown in times subscribed. A missing multiple stays unavailable. A published zero is 0x.
Last updated: 30 Oct 2026, 7:30 PM IST
Revenue and profit are in rupees for each reporting period. Assets, liabilities, and ratios use the source unit when the statement includes them. Missing figures stay blank.
| Metric (Rs. Crore) | 30 Jun 2026 | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|---|
| Assets | 41.97 | 36.37 | 25.57 | 25.00 |
| Total Income | 12.44 | 48.56 | 36.87 | 34.38 |
| Profit After Tax | 1.56 | 5.42 |
Results may still be pending. Check Allotment opens the registrar allotment portal. You may need to select this IPO there. Sign-in is not required.
This is the actual change from the issue price to the listing price. It is separate from the unofficial GMP estimate. A missing price stays unavailable.
RHP, DRHP, and other links that passed the official address check. Unverified addresses are left out.
Data by IPO Guru · Updated
Ajwa Projects is a Surat based industrial services company that does fabrication, erection, piping, pressure equipment and civil work. It plans to raise Rs 38.05 crore at Rs 203 per share, and its total income was Rs 48.56 crore in FY2026.
Mohammad Khurshid Alam Khan, Zarinbegum Khurshid Alam Khan and Riyaz Rafiq Padela
1. Completed
2. Completed
3. Completed
4. Completed
Refund
Demat credit
Unofficial grey-market premium in rupees. Missing observations are not connected and are not drawn as ₹0. This chart is not the listing gain.
High unavailable · Low unavailable
Tap a point for its rupee amount, percentage, and IST time. The table lists the same observations.
Source: IPO Guru Pro. History retrieved 05 Nov 2026, 3:30 PM IST.
| Observed (IST) | GMP (₹) | GMP % | Mark |
|---|---|---|---|
| 04 Nov 2026, 8:24 AM IST | ₹1 | +0.49% | None |
No intraday GMP history is loaded. Missing slots are not filled in.
High unavailable · Low unavailable
Source: IPO Guru Pro. History retrieved 05 Nov 2026, 3:30 PM IST.
Source: IPO Guru Pro Data by IPO Guru
History retrieved: 05 Nov 2026, 9:05 AM IST
Stored subscription multiples. A missing category is left off this chart and is not drawn as 0x.
Times subscribed. A missing day is not connected and is not drawn as 0x. A published zero stays 0x.
Tap a point for its multiple and IST time. The history table lists every stored day.
Source: IPO Guru Pro. History retrieved 05 Nov 2026, 9:05 AM IST.
| Day | Total | QIB | NII | Retail | Employee | Shareholder |
|---|---|---|---|---|---|---|
| 28 Oct 2026 | 0.38x subscribed | 0x subscribed | 0.13x subscribed | 0.65x subscribed | 0x subscribed | 0x subscribed |
| 29 Oct 2026 | 0.88x subscribed | 0x subscribed | 0.26x subscribed | 1.57x subscribed | 0x subscribed | 0x subscribed |
| 30 Oct 2026 | 1.12x subscribed | 0x subscribed | 0.38x subscribed | 1.93x subscribed | 0x subscribed | 0x subscribed |
| 3.28 |
| 2.95 |
| EBITDA | 2.45 | 9.03 | 6.41 | 5.68 |
| NET Worth | 19.27 | 17.71 | 12.29 | 8.90 |
| Reserves and Surplus | 15.27 | 13.71 | 8.29 | 8.81 |
| Total Borrowing | 13.84 | 12.52 | 7.96 | 10.85 |