What is the Ajwa Projects IPO GMP today?

The grey market premium (GMP) of Ajwa Projects IPO is ₹1 per share, 0.49% above the upper price band of ₹203 (updated 12:00 AM, 3 Nov 2026 IST).

Where will Ajwa Projects IPO list?

Ajwa Projects shares are proposed to list on SME Platform of BSE Limited.

Who is the registrar of Ajwa Projects IPO?

KFin Technologies Limited is the registrar of Ajwa Projects IPO; the lead manager is Wealth Mine Networks Limited.

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Figures last updated 3 Nov 2026, 12:00 AM IST · How we work · Report an error

Ajwa Projects Limited

SME IPOClosedRefund & credit todayCivil Construction / Industrial Services

Price band₹203per share · face value ₹10

Minimum investment₹1,21,8001 lot · 600 shares at lower band

IPO dates28 Oct – 30 OctListing 4 Nov

GMP UNOFFICIAL₹1▲ +0.49%Est. listing price ₹204Subscription PUBLIC1.12xModestDay 3 so far · as of 4:50 PM, 30 Oct 2026

Key dates

Next: Listing Wed 4 Nov

Anchor investor bid
28 Oct 2026 · Wed
IPO opens
28 Oct 2026 · Wed
IPO closes
30 Oct 2026 · Fri
Allotment
2 Nov 2026 · Mon
Refunds
3 Nov 2026 · Tue · today
Credit to demat
3 Nov 2026 · Tue · today
Listing
4 Nov 2026 · Wed

IPO information

Price band, minimum investment and dates are in the bar above.

Company name: Ajwa Projects Limited
IPO type: Book built · Fresh issue + Offer for sale
Board: SME
Issue size: ₹38.05 Cr
Shares offered: 18,74,400
Lot size: 600 shares
Face value: ₹10 per share
Listing on: SME Platform of BSE Limited

Go deeper

What to check before applying

Ajwa Projects IPO, from the offer-document details we hold

INVESTORTRACK ANALYSIS

Where the money goes

The offer document names 4 uses with an amount: ₹8.1 Cr for “Capital Expenditure requirements towards acquisition of Equipment, transport vehicle/assets”; ₹9.35 Cr for “Repayment or prepayment, in full or in part, of borrowings availed by our Company from banks and financial institutions”; ₹4 Cr for “Working capital requirement”; ₹4.43 Cr for “General Corporate Purposes”. Together that is ₹25.88 Cr, about 85% of the ₹30.45 Cr fresh issue. The remaining ₹4.57 Cr is not assigned to a named purpose in that table.

Who is selling

The issue is part fresh issue (money to the company) and part offer for sale (money to the selling shareholders); 20% of it is the offer for sale. Sellers named in the offer document: Mr. Mohammad Khurshid Alam Khan (1,87,200 shares), Mrs. Zarinabegum Khurshid Alam Khan (1,87,200 shares).

Promoter holding

Promoters hold 98.9% before the issue and 65.1% after it, a fall of 33.8 percentage points.

What it means for an applicant

What you would put in, and how long it takes

INVESTORTRACK ANALYSIS

What you would put in

One lot is 600 shares and costs ₹1,21,800.

How long it takes

Bidding runs for 3 days (28 Oct to 30 Oct). Once bidding closes, allotment is 3 days after the close, refunds of unallotted money start 4 days after it, the shares list 5 days after it.

Frequently asked questions

What is the price band and lot size of Ajwa Projects IPO?

Ajwa Projects IPO: price band ₹203 per share, lot size 600 shares, minimum investment ₹1,21,800.

When does Ajwa Projects IPO open, close and list?

Ajwa Projects IPO opens on 28 Oct 2026, closes on 30 Oct 2026 and lists on 4 Nov 2026. Allotment is expected on 2 Nov 2026.

Try the numbers for this IPO

GMP profit calculatorGMP ₹1 on 600 shares is about ₹600 a lot, if allotted and listed there.Application amount calculator1 lot is 600 shares: ₹1,21,800 at the upper band.Allotment probability calculatorRetail is subscribed 1.93x so far. What is your chance?

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