{"id":331287,"date":"2026-10-29T00:17:23","date_gmt":"2026-10-28T18:47:23","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=331287"},"modified":"2026-10-29T00:17:23","modified_gmt":"2026-10-28T18:47:23","slug":"ajwa-projects-initial-public-offering-day-2-subscription-29-october-2026","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/ajwa-projects-initial-public-offering-day-2-subscription-29-october-2026\/","title":{"rendered":"Ajwa Projects IPO Day 2: Subscription Status on 29 October 2026"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>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.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">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.<\/p>\n<\/p><\/div>\n<p>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.<\/p>\n<p>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.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=ajwa-projects-ipo-day2\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/ajwa-projects-initial-public-offering-day-2-subscription-29-october-2026\/#Ajwa_Projects_IPO_Details\" title=\"Ajwa Projects IPO Details\">Ajwa Projects IPO Details<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/ajwa-projects-initial-public-offering-day-2-subscription-29-october-2026\/#Ajwa_Projects_IPO_Subscription_Status_Day_2\" title=\"Ajwa Projects IPO Subscription Status Day 2\">Ajwa Projects IPO Subscription Status Day 2<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/ajwa-projects-initial-public-offering-day-2-subscription-29-october-2026\/#How_to_Apply_for_the_Ajwa_Projects_IPO\" title=\"How to Apply for the Ajwa Projects IPO\">How to Apply for the Ajwa Projects IPO<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/ajwa-projects-initial-public-offering-day-2-subscription-29-october-2026\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/ajwa-projects-initial-public-offering-day-2-subscription-29-october-2026\/#FAQs\" title=\"FAQs\">FAQs<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/ajwa-projects-initial-public-offering-day-2-subscription-29-october-2026\/#What_is_the_Ajwa_Projects_IPO_subscription_status_on_Day_2\" title=\"What is the Ajwa Projects IPO subscription status on Day 2?\">What is the Ajwa Projects IPO subscription status on Day 2?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/ajwa-projects-initial-public-offering-day-2-subscription-29-october-2026\/#When_does_the_Ajwa_Projects_IPO_close\" title=\"When does the Ajwa Projects IPO close?\">When does the Ajwa Projects IPO close?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/ajwa-projects-initial-public-offering-day-2-subscription-29-october-2026\/#What_is_the_Ajwa_Projects_IPO_price_band_and_lot_size\" title=\"What is the Ajwa Projects IPO price band and lot size?\">What is the Ajwa Projects IPO price band and lot size?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/ajwa-projects-initial-public-offering-day-2-subscription-29-october-2026\/#Is_the_Ajwa_Projects_IPO_fully_subscribed\" title=\"Is the Ajwa Projects IPO fully subscribed?\">Is the Ajwa Projects IPO fully subscribed?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/ajwa-projects-initial-public-offering-day-2-subscription-29-october-2026\/#What_is_the_Ajwa_Projects_IPO_GMP\" title=\"What is the Ajwa Projects IPO GMP?\">What is the Ajwa Projects IPO GMP?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/ajwa-projects-initial-public-offering-day-2-subscription-29-october-2026\/#How_do_I_apply_for_the_Ajwa_Projects_IPO\" title=\"How do I apply for the Ajwa Projects IPO?\">How do I apply for the Ajwa Projects IPO?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/ajwa-projects-initial-public-offering-day-2-subscription-29-october-2026\/#When_will_the_Ajwa_Projects_IPO_be_allotted_and_listed\" title=\"When will the Ajwa Projects IPO be allotted and listed?\">When will the Ajwa Projects IPO be allotted and listed?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/ajwa-projects-initial-public-offering-day-2-subscription-29-october-2026\/#What_does_Ajwa_Projects_Limited_do\" title=\"What does Ajwa Projects Limited do?\">What does Ajwa Projects Limited do?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Ajwa_Projects_IPO_Details\"><\/span><strong>Ajwa Projects IPO Details<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The table below sets out the key parameters of the Ajwa Projects IPO.<\/p>\n<table border=\"1\" cellpadding=\"6\" cellspacing=\"0\">\n<tr>\n<td><strong>Open Date<\/strong><\/td>\n<td>28 October 2026<\/td>\n<\/tr>\n<tr>\n<td><strong>Close Date<\/strong><\/td>\n<td>30 October 2026<\/td>\n<\/tr>\n<tr>\n<td><strong>Face Value<\/strong><\/td>\n<td>Rs 10 per share<\/td>\n<\/tr>\n<tr>\n<td><strong>Issue Price<\/strong><\/td>\n<td>Rs 203 per share, a fixed price issue<\/td>\n<\/tr>\n<tr>\n<td><strong>Lot Size<\/strong><\/td>\n<td>600 shares (minimum application 1,200 shares)<\/td>\n<\/tr>\n<tr>\n<td><strong>Issue Size<\/strong><\/td>\n<td>About Rs 38.05 crore (fresh issue Rs 30.45 crore, offer for sale Rs 7.60 crore)<\/td>\n<\/tr>\n<tr>\n<td><strong>Issue Type<\/strong><\/td>\n<td>Fixed Price Issue, SME<\/td>\n<\/tr>\n<tr>\n<td><strong>Listing At<\/strong><\/td>\n<td>BSE SME<\/td>\n<\/tr>\n<tr>\n<td><strong>Allotment Date<\/strong><\/td>\n<td>2 November 2026<\/td>\n<\/tr>\n<tr>\n<td><strong>Listing Date<\/strong><\/td>\n<td>4 November 2026<\/td>\n<\/tr>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Ajwa_Projects_IPO_Subscription_Status_Day_2\"><\/span><strong>Ajwa Projects IPO Subscription Status Day 2<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>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.<\/p>\n<table border=\"1\" cellpadding=\"6\" cellspacing=\"0\">\n<tr>\n<th>Session<\/th>\n<th>Overall<\/th>\n<th>NII<\/th>\n<th>Retail<\/th>\n<\/tr>\n<tr>\n<td>Day 1 close (28 Oct)<\/td>\n<td>0.40x<\/td>\n<td>0.14x<\/td>\n<td>0.65x<\/td>\n<\/tr>\n<tr>\n<td>Day 2, so far (29 Oct)<\/td>\n<td colspan=\"3\">Updating through the session<\/td>\n<\/tr>\n<\/table>\n<p>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.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Track Subscription Status for the issue on the Univest Screener<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_to_Apply_for_the_Ajwa_Projects_IPO\"><\/span><strong>How to Apply for the Ajwa Projects IPO<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ol>\n<li>Open a Demat and trading account with a SEBI-registered broker such as Univest if you do not already have one.<\/li>\n<li>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.<\/li>\n<li>Submit the application through the UPI-based ASBA method so the bid amount is blocked rather than debited immediately.<\/li>\n<li>Approve the UPI mandate on your phone before the daily cut off time, keeping in mind the issue closes on 30 October.<\/li>\n<\/ol>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to apply for the issue before the 30 October close.<\/em><\/p>\n<p>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.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>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.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> 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).<\/p>\n<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"FAQs\"><\/span><strong>FAQs<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Ajwa_Projects_IPO_subscription_status_on_Day_2\"><\/span><strong>What is the Ajwa Projects IPO subscription status on Day 2?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> 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&#8217;s session on BSE.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"When_does_the_Ajwa_Projects_IPO_close\"><\/span><strong>When does the Ajwa Projects IPO close?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The issue closes for subscription on 30 October 2026, having opened on 28 October 2026.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Ajwa_Projects_IPO_price_band_and_lot_size\"><\/span><strong>What is the Ajwa Projects IPO price band and lot size?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> 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.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_the_Ajwa_Projects_IPO_fully_subscribed\"><\/span><strong>Is the Ajwa Projects IPO fully subscribed?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> 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.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Ajwa_Projects_IPO_GMP\"><\/span><strong>What is the Ajwa Projects IPO GMP?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> 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.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_do_I_apply_for_the_Ajwa_Projects_IPO\"><\/span><strong>How do I apply for the Ajwa Projects IPO?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> 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.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"When_will_the_Ajwa_Projects_IPO_be_allotted_and_listed\"><\/span><strong>When will the Ajwa Projects IPO be allotted and listed?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> 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.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_does_Ajwa_Projects_Limited_do\"><\/span><strong>What does Ajwa Projects Limited do?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> 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.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What is the issue subscription status on Day 2?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"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.\"}},{\"@type\":\"Question\",\"name\":\"When does the issue close?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The issue closes for subscription on 30 October 2026, having opened on 28 October 2026.\"}},{\"@type\":\"Question\",\"name\":\"What is the issue price band and lot size?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"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.\"}},{\"@type\":\"Question\",\"name\":\"Is the issue fully subscribed?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"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.\"}},{\"@type\":\"Question\",\"name\":\"What is the issue GMP?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Grey market premium (GMP) is an unofficial, unregulated indicator for the issue that is not endorsed by SEBI, NSE, or BSE. 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Category wise bids, price band and how to apply.\",\"author\":{\"@type\":\"Organization\",\"name\":\"Univest\"},\"publisher\":{\"@type\":\"Organization\",\"name\":\"Univest\"},\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"https:\/\/univest.in\/blogs\/ajwa-projects-initial-public-offering-day-2-subscription-29-october-2026\"}}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Ajwa Projects IPO Day 2 subscription update for 29 October 2026, with category wise bidding trends and how to apply.<\/p>\n","protected":false},"author":29,"featured_media":331286,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1281],"tags":[16930],"class_list":["post-331287","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo","tag-ajwa-projects-ipo"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["331286"],"rank_math_title":["Ajwa Projects IPO Day 2 Subscription Status 29 Oct 2026"],"rank_math_description":["Ajwa Projects IPO Day 2 subscription status on 29 October 2026. 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