Ajwa Projects IPO Day 2: Subscription Status on 29 October 2026
- October 29, 2026
- Posted by: Harsh Piplani
- Category: IPO
Ajwa Projects IPO Day 2, 29 Oct 2026. Subscribed 0.40x on Day 1: Retail 0.65x, NII 0.14x. Issue price Rs 203. Lot size 600 shares.
Quick Answer
The Ajwa Projects IPO is on Day 2 of bidding on 29 October 2026. The issue was subscribed 0.40 times at the Day 1 reading on 28 October, with retail at 0.65 times and other investors (NII) at 0.14 times. There is no QIB category in this fixed price issue. Bidding remains open until 30 October 2026, and investors should track the live category wise numbers on BSE through the day.
Ajwa Projects Limited, a Surat-based industrial engineering and fabrication company, is on Day 2 of its IPO bidding window, which opened on 28 October 2026 and closes on 30 October 2026. The Ajwa Projects IPO is a fixed price SME issue of 18,74,400 equity shares worth about Rs 38.05 crore at Rs 203 per share, and the shares are proposed to list on the BSE SME platform.
Retail investors led the opening day at 0.65 times against the 8,89,200 shares reserved for them, while the other investors category was at 0.14 times. Bids for about 7.08 lakh shares had arrived against 17.80 lakh shares offered to the public.
Click Here – Get Free Investment Predictions
Ajwa Projects IPO Details
The table below sets out the key parameters of the Ajwa Projects IPO.
| Open Date | 28 October 2026 |
| Close Date | 30 October 2026 |
| Face Value | Rs 10 per share |
| Issue Price | Rs 203 per share, a fixed price issue |
| Lot Size | 600 shares (minimum application 1,200 shares) |
| Issue Size | About Rs 38.05 crore (fresh issue Rs 30.45 crore, offer for sale Rs 7.60 crore) |
| Issue Type | Fixed Price Issue, SME |
| Listing At | BSE SME |
| Allotment Date | 2 November 2026 |
| Listing Date | 4 November 2026 |
Ajwa Projects IPO Subscription Status Day 2
The table below tracks how the issue has moved through its bidding window, from the Day 1 close through to the Day 1 reading on Wednesday, 28 October.
| Session | Overall | NII | Retail |
|---|---|---|---|
| Day 1 close (28 Oct) | 0.40x | 0.14x | 0.65x |
| Day 2, so far (29 Oct) | Updating through the session | ||
Figures are the exchange reading at about 5 PM on 28 October and exclude the market maker portion, so confirm final numbers on BSE as bidding continues until 30 October.
Track Subscription Status for the issue on the Univest Screener
How to Apply for the Ajwa Projects IPO
- Open a Demat and trading account with a SEBI-registered broker such as Univest if you do not already have one.
- Select the issue on your broker app or net banking platform and enter your bid quantity at the fixed issue price of Rs 203, with a minimum application of 1,200 shares.
- Submit the application through the UPI-based ASBA method so the bid amount is blocked rather than debited immediately.
- Approve the UPI mandate on your phone before the daily cut off time, keeping in mind the issue closes on 30 October.
Download the Univest iOS App or Univest Android App to apply for the issue before the 30 October close.
Grey market premium (GMP) is an unofficial, unregulated indicator for the issue that is not endorsed by SEBI, NSE, or BSE. Investors looking for indicative GMP data can go through other relevant sources, though such figures should never be the sole basis for an investment decision.
Conclusion
The issue enters Day 2 at 0.40 times, led by retail bids. Investors considering the issue should weigh the Rs 2,43,600 minimum application, the dependence on a few customers and on Gujarat, the negative operating cash flow in FY26 and the delayed statutory filings disclosed in the offer document, and read the RHP on bseindia.com before applying after independent due diligence.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs
What is the Ajwa Projects IPO subscription status on Day 2?
Ans. The issue carries forward a Day 1 close of 0.40 times overall, with retail at 0.65 times and NII at 0.14 times, and figures for Day 2, 29 October 2026, are updating through today’s session on BSE.
When does the Ajwa Projects IPO close?
Ans. The issue closes for subscription on 30 October 2026, having opened on 28 October 2026.
What is the Ajwa Projects IPO price band and lot size?
Ans. The issue is a fixed price issue at Rs 203 per share, with a lot size of 600 shares. The minimum application is 2 lots, or 1,200 shares, which is about Rs 2,43,600.
Is the Ajwa Projects IPO fully subscribed?
Ans. Not yet. The issue was subscribed 0.40 times at the Day 1 reading on 28 October, with retail at 0.65 times and other investors (NII) at 0.14 times.
What is the Ajwa Projects IPO GMP?
Ans. Grey market premium (GMP) is an unofficial, unregulated indicator for the issue that is not endorsed by SEBI, NSE, or BSE. Investors looking for indicative GMP data can go through other relevant sources, though such figures should never be the sole basis for an investment decision.
How do I apply for the Ajwa Projects IPO?
Ans. You can apply for the issue through your SEBI-registered broker or UPI-enabled banking app using the ASBA method, enter your bid quantity at the fixed issue price of Rs 203, with a minimum application of 1,200 shares, then approving the UPI mandate before the daily cut off.
When will the Ajwa Projects IPO be allotted and listed?
Ans. The issue allotment is expected to be finalised on 2 November 2026, with listing on the BSE SME platform tentatively scheduled for 4 November 2026.
What does Ajwa Projects Limited do?
Ans. Ajwa Projects Limited provides industrial engineering, structural fabrication, piping, erection, maintenance and civil construction services, and manufactures equipment such as pressure vessels, boilers, heat exchangers and tanks for industrial customers.
