Ajwa Projects IPO Details
Ajwa Projects IPO Summary

Ajwa Projects IPO DRHP (Draft Red Herring Prospectus) has been Exchange Approval Received.
Ajwa Projects IPO carries a ₹0 (0%) GMP, reflecting investor sentiment.
Ajwa Projects IPO Details
Ajwa Projects IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| To be announced | |||
Ajwa Projects IPO Reservation
Promoter Holding
Documents
Ajwa Projects IPO Valuations
Ajwa Projects Financial Information
| Period Ended | 30 Jun 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 26.64 | 26.29 | 25.66 | 19.29 |
| Total Income | 12.15 | 36.87 | 34.38 | 28.80 |
| Profit After Tax | 1.38 | 3.28 | 2.95 | 0.61 |
| EBITDA | 2.16 | 6.34 | 5.51 | 1.81 |
| NET Worth | 13.67 | 12.29 | 8.90 | 5.95 |
| Reserves and Surplus | 9.67 | 8.29 | 8.81 | 5.86 |
| Total Borrowing | 7.97 | 7.96 | 10.85 | 7.75 |
| Amount in ₹ Crore | ||||
About Ajwa Projects IPO
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.
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 550 skilled and semi-skilled professionals.
Competitive Strengths:
- Experienced management team
- Comprehensive Portfolio with Sectoral Diversity
- Strong and diverse Order Book: As of Sep 30, 2025, its order book stood at Rs 1,982.05 lakhs.
- Flexible Execution Model (On-Site and Off-Site)
- Integrated Fabrication and Erection Expertise
- Quality and Safety Framework
- Skilled Workforce and Operational Capability
Strength Of Ajwa Projects IPO
Risk Of Ajwa Projects IPO
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
Market Maker
Ajwa Projects FAQs
The Ajwa Projects IPO is a SME public issue comprising equity shares with a face value of ₹ each, aggregating to a total issue size of . The issue price has been fixed at ₹0 per equity share, and the minimum application size is shares.
The IPO opens for subscription on TBA, and closes on TBA.
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 TBA.

