Ajwa Projects IPO Details

SME

Ajwa Projects IPO DRHP (Draft Red Herring Prospectus) has been Exchange Approval Received.

The Lead Managers for Ajwa Projects IPO are crucial for the offering's success. They are responsible for a wide range of tasks, including preparing the company for the public market, managing the regulatory filings, and marketing the IPO to potential investors. The lead manager for this offering is Wealth Mine Networks Pvt Ltd. To assess their past performance and success in previous IPOs, you can view the Lead Manager Performance Summary report.

For detailed information, Refer to the Ajwa Projects Limited DRHP.

Ajwa Projects IPO Details

Open Date

Close Date

Listing Date

Issue Price

₹0 - ₹0

Face Value

Lot Size

GMP

₹0

Issue Type

IPO

Listing On

BSE

Type

Fixed Price Issue

Share holding pre issue

Share holding post issue

Total Issue Size

Fresh Issue

Offer for Sale

DRHP Status

Exchange Approval Received

Ajwa Projects IPO Lot Size

Application	Lots	Shares	Amount
To be announced

Ajwa Projects IPO Reservation

Promoter Holding

Pre Issue:100%

Post Issue:-

Promoter Names:

Mr. Mohammad Khurshid Alam Khan, Mrs. Zarinbegum Khurshid Alam Khan, Mr. Riyaz Rafiq Padela

Documents

› Ajwa Projects IPO DRHP

Ajwa Projects IPO Valuations

ROE:30.99%

ROCE:49.06%

DEBT/EQUITY:0.65

RONW:30.99%

PAT MARGIN:8.94%

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

To be announced

Risk Of Ajwa Projects IPO

To be announced

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

Name: Kfin Technologies Ltd

Phone: +91-40-67162222

Email: ajwa.ipo@kfintech.com

Website: https://ipostatus.kfintech.com/

Lead Mangers

Wealth Mine Networks Pvt Ltd
(Past IPO Performance)

Lead Manager Reports

IPO Lead Manager Performance Summary

Market Maker

To be announced

Ajwa Projects IPO - 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

The Ajwa Projects IPO opens on TBA.

Ajwa Projects IPO lot size is , and the minimum amount required for application is ₹.

You may apply for the Ajwa Projects IPO online by using either the UPI or ASBA payment method. The ASBA facility is available through the net banking platform of your respective bank. The UPI-based IPO application option is typically provided by brokers that do not offer banking services. For detailed guidance on the online IPO application process, please refer to the procedures outlined by Zerodha, Groww, Upstox, 5Paisa, Paytm Money, Fyers, Alice Blue, Nuvama, HDFC Bank, ICICI Direct, Kotak Securities, Axis Direct, and SBI Bank.

The Basis of Allotment for the Ajwa Projects IPO is scheduled to be finalized on TBA. Subsequently, the shares allotted will be credited to investors’ demat accounts by TBA. Investors are advised to regularly check the Ajwa Projects IPO allotment status for updates.

The listing date for the Ajwa Projects IPO has not yet been officially announced. However, the tentative listing date is scheduled for TBA.

Ajwa Projects IPO Grey Market Premium (GMP) refers to the unofficial price at which the company’s IPO shares are traded in the grey market prior to their listing on the stock exchange. The GMP serves as an indicator of investor demand, expected listing gains, and the overall market sentiment toward the IPO.

As of now, the current GMP stands at TBA.