{"id":329050,"date":"2026-10-28T09:25:03","date_gmt":"2026-10-28T03:55:03","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=329050"},"modified":"2026-10-28T09:25:03","modified_gmt":"2026-10-28T03:55:03","slug":"ajwa-projects-initial-public-offering-day-1-subscription-28-october-2026","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/ajwa-projects-initial-public-offering-day-1-subscription-28-october-2026\/","title":{"rendered":"Ajwa Projects IPO Day 1: Subscription Opens Today, 28 October 2026"},"content":{"rendered":"

Ajwa Projects IPO opens today, 28 Oct 2026, closes 30 Oct. Issue price Rs 203. Lot size 600 shares. Lists on BSE SME on 4 Nov.<\/em><\/p>\n

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Quick Answer<\/strong><\/p>\n

The Ajwa Projects IPO opens for subscription today, 28 October 2026, and will remain open until 30 October 2026. Ajwa Projects Limited is a Surat-based industrial engineering and fabrication company, and the fixed price issue of about Rs 38.05 crore combines a fresh issue of Rs 30.45 crore with an offer for sale of Rs 7.60 crore. The price band is set at Rs 203 per share, a fixed price issue, with a lot size of 600 shares, and the shares are proposed to list on the BSE SME platform. Since bidding has only just opened, subscription figures will start reflecting real demand as the days progress, so investors should track the live numbers through the session before deciding.<\/p>\n<\/p><\/div>\n

Ajwa Projects Limited, a Surat-based provider of industrial fabrication, erection, piping and civil construction services, has opened its IPO for subscription today, 28 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, made up of a fresh issue of 15,00,000 shares worth about Rs 30.45 crore and an offer for sale of 3,74,400 shares worth about Rs 7.60 crore by promoters Mohammad Khurshid Alam Khan and Zarinabegum Khurshid Alam Khan. Bidding remains open until 30 October 2026, and the shares are proposed to list on the BSE SME platform.<\/p>\n

Of the total issue, 94,800 shares are set aside for the market maker, Prabhat Financial Services. The net proceeds of about Rs 25.88 crore are meant for about Rs 8.10 crore of capex, about Rs 9.35 crore of debt repayment, Rs 4 crore of working capital and about Rs 4.43 crore for general corporate purposes. The company reports an order book of Rs 42.43 crore as of 5 October 2026.<\/p>\n

Click Here – Get Free Investment Predictions<\/strong><\/a><\/p>\n

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