Ajwa Projects IPO Details
Ajwa Projects IPO Summary
Ajwa Projects IPO opens for subscription on 28 Oct 2026 and closes on 30 Oct 2026.The IPO will be listed on BSE with the tentative listing date set for 04 Nov 2026.
Ajwa Projects IPO price band has been fixed at ₹203 – ₹203 per share. The face value is ₹10 per share with a lot size of 600.
Ajwa Projects IPO total issue size comprises 18,74,400 shares (aggregating up to ₹38.05 Cr). This includes a fresh issue of 15,00,000 shares (aggregating up to ₹30.45 Cr). Offer for Sale consists of 3,74,400 shares (aggregating up to ₹7.60 Cr). Pre-issue shareholding stands at 40,00,000, which will increase to 55,00,000 post-issue.
Ajwa Projects IPO carries a ₹1 (0.49%) GMP, reflecting investor sentiment.
Ajwa Projects IPO Lot Size :Individual Minimum is 2 lots (1,200 shares) amounting to ₹2,43,600. Individual Maximum is 2 lots (1,200 shares) amounting to ₹2,43,600. HNI Minimum is 3 lots (1,800 shares) amounting to ₹3,65,400.
Ajwa Projects IPO Details
Ajwa Projects IPO Subscription
Ajwa Projects IPO Application Wise Breakup
Ajwa Projects IPO Dates
- 28 Oct 2026Opening dateOpen
- 30 Oct 2026Closing dateClose
- 02 Nov 2026Allotment Date Allotment
- 03 Nov 2026Initiation of RefundsRefund
- 03 Nov 2026Credit of SharesCredit
- 04 Nov 2026Listing dateListing
Ajwa Projects IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual Minimum | 2 | 1200 | ₹2,43,600 |
| Individual Maximum | 2 | 1200 | ₹2,43,600 |
| HNI Minimum | 3 | 1800 | ₹3,65,400 |
Ajwa Projects IPO Reservation
Promoter Holding
Documents
Ajwa Projects IPO Valuations
Ajwa Projects Financial Information
| Period Ended | 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 | 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 |
| Amount in ₹ Crore | ||||
About Ajwa Projects IPO
Incorporated in 2011, Ajwa Projects is a multi-disciplinary industrial services company delivering end-to-end solutions across fabrication, erection, piping, pressure equipment, prefabricated structures, civil construction, and maintenance. The company specializes in turning project plans into real, functional industrial assets. The company manufacture technological frameworks, industrial buildings, girders, heavy modules, platforms, and crane girders that are critical for plant construction and infrastructure projects. They also fabricate specialised components such as dish ends, crowns, petals, and customised parts, including diesel engine components for railway applications that require a high degree of precision and strict compliance with industry standards.
Key Services:
- Fabrication: Manufacture and sell structural components, pressure vessels, boilers, tanks, ducts, and precision parts for various industries.
- Erection: On-site installation and integration of heavy structures, equipment, and piping systems with strict focus on safety and precision.
- Piping: Fabrication and installation of process and utility pipelines for chemicals, gases, steam, and fluids.
- Pressure Equipment: Fabrication, assembly, and erection of pressure vessels and related heavy-duty equipment.
- Civil Construction: Site development, foundations, industrial buildings, silos, tanks, and other civil works.
- Prefabricated Structures: Modular and portable buildings for industrial and commercial use.
- Maintenance & Mechanical Services: Preventive maintenance, PSV calibration, NDT testing, blasting & painting, and plant shutdown support.
The company caters to a wide range of industries such as oil & gas, petrochemicals, refineries, power generation, steel, heavy metals, cement, nuclear power, bridges, metro rail, bullet train infrastructure, and other industrial and infrastructure projects.
It has a workforce of over 557 skilled and semi-skilled professionals.
Strength Of Ajwa Projects IPO
- 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 Of Ajwa Projects IPO
- 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.
- Our revenues are geographically concentrated, with a significant portion derived from Gujarat, and any adverse development in this region may impact our business.
- Certain delays, discrepancies and Omissions have been detected in our statutory records, as well as in records related to the submission of returns to the concerned Registrar of Companies.
- There are certain discrepancies and non-compliances noticed in filing of returns and deposit of statutory dues with the taxation and other statutory authorities in the past. Any delay in payment of statutory dues by our Company in future, may result in the imposition of penalties, which could adversely impact our financials.
- Our Company had negative cash flows in the past years, details of which are given below. Sustained negative cash flow could impact our growth and business.
- Our Registered Office and Workshop premises from where we operate are on lease basis and not owned by us which may have adverse effect on our business growth.
- We may not be able to protect our trademark "AJWA PROJECTS" and from infringement.
- Our ability to attract, retain and manage skilled and unskilled labour is critical to our operations, and any shortage, high attrition or labour unrest could adversely affect our business and results of operations.
Objectives Ajwa Projects IPO
1. Funding capital expenditure requirements towards acquisition of plant & machinery, transport vehicle/assets
2. Repayment or prepayment, in full or in part, of borrowings availed by our Company
3. Working capital requirement
4. General Corporate Purpose
Company Contact Details
Ajwa Projects Ltd.
M/71, Silver Spring Near Bhulkabhavan School,
Adajan
Surat, Gujarat, 395009
Phone: 0261-2786786
Email: info@ajwaprojects.com
Website: http://www.ajwaprojects.com/
Registrar Contact Details
Ajwa Projects FAQs
The Ajwa Projects IPO is a SME public issue comprising 1874400 equity shares with a face value of ₹10 each, aggregating to a total issue size of ₹38.05 Cr. The issue price has been fixed at ₹203 per equity share, and the minimum application size is 600 shares.
The IPO opens for subscription on 28 Oct 2026, and closes on 30 Oct 2026.
Kfin Technologies Ltd has been appointed as the registrar to the issue. The equity shares are proposed to be listed on the BSE
As of now, the current GMP stands at ₹1 (0.49%).
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