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

Reviewed by our team. This analysis was prepared from the offer document on 26 Oct 2026. Figures can contain errors; check them against the offer document before relying on them. It is information, not investment advice.

Financial performance

Restated figures, FY24 – FY26, ₹ crore unless stated

OFFICIAL IPO DATA

Revenue

+18.9% CAGR, FY24–FY26

▲ +31.83%

EBITDA

Operating profit before interest, tax, depreciation

▲ +40.87%

Profit after tax (PAT)

Net profit for the year

▲ +65.24%

Earnings per share (EPS)

₹ per share, post-issue share count

▲ +62.01%

Margin trend

EBITDA margin and PAT margin, % of revenue

EBITDA marginPAT margin

Revenue grew about 19% a year from FY24 to FY26; EBITDA margin widened (16.6% to 18.6%).

Net worth (FY26)₹17.71 Cr

Total borrowings (FY26)₹12.52 Cr

Operating cash flow (FY26)₹-2.88 Cr

Year by year

The same figures as the charts, side by side. ₹ crore unless stated.

Revenue, EBITDA, PAT, margins and EPS by financial year
Figure	FY24	FY25	FY26	Change on FY25
Revenue	₹34.3	₹36.7	₹48.4	▲ +31.83%
EBITDA	₹5.7	₹6.4	₹9.0	▲ +40.87%
EBITDA margin	16.6%	17.5%	18.6%
PAT	₹3.0	₹3.3	₹5.4	▲ +65.24%
PAT margin	8.6%	8.9%	11.2%
EPS, basic (₹)	₹7.6	₹8.4	₹13.6	▲ +62.01%

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