Ajwa Projects IPO Day 3: Subscription Closes Today, 30 October 2026
- October 30, 2026
- Posted by: Harsh Piplani
- Category: IPO
Ajwa Projects IPO Day 3, 30 Oct 2026. Subscribed 0.93x after Day 2: Retail 1.57x, NII 0.29x. Issue price Rs 203. Lot size 600 shares.
Quick Answer
The Ajwa Projects IPO is on its final day of bidding on 30 October 2026. The issue was subscribed 0.93 times at the Day 2 reading on 29 October, with retail at 1.57 times and other investors (NII) at 0.29 times. There is no QIB category in this fixed price issue. With bidding open until the end of today’s session, the final subscription figure depends on demand in the closing hours.
Ajwa Projects Limited, a Surat-based industrial engineering and fabrication company, has reached the final day of its IPO subscription window today, 30 October 2026. The Ajwa Projects IPO opened on 28 October 2026 and is a fixed price SME issue of 18,74,400 equity shares worth about Rs 38.05 crore at Rs 203 per share. The shares are proposed to list on the BSE SME platform.
Retail investors led Day 2 at 1.57 times against the 8,89,200 shares reserved for them, already above full subscription, while the other investors category was at 0.29 times. Bids for about 16.50 lakh shares had arrived against 17.80 lakh shares offered to the public.
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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 3
The table below tracks how the issue has moved through its bidding window, from the Day 1 close through to the Day 2 reading on Thursday, 29 October.
| Session | Overall | NII | Retail |
|---|---|---|---|
| Day 1 close (28 Oct) | 0.40x | 0.14x | 0.65x |
| Day 2 close (29 Oct) | 0.93x | 0.29x | 1.57x |
| Day 3, closing day so far (30 Oct) | Updating through the session | ||
Figures are the exchange reading at about 5 PM on 29 October and exclude the market maker portion, so confirm final numbers on BSE as bidding closes today. Some data feeds show 0.88 times overall because they count the market maker shares in the offer.
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, since the issue closes for good after this session.
Download the Univest iOS App or Univest Android App to apply for the issue before it closes today.
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 its final day at 0.93 times, with retail already above one time and other investors at 0.29 times. 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 3?
Ans. On the closing day, 30 October 2026, the issue carries forward a Day 2 reading of 0.93 times overall, with retail at 1.57 times and NII at 0.29 times, and figures are updating through today’s final session.
When does the Ajwa Projects IPO close?
Ans. The issue closes for subscription today, 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 overall. The issue was subscribed 0.93 times at the Day 2 reading on 29 October, with retail at 1.57 times and other investors (NII) at 0.29 times, excluding the market maker portion.
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.
