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

IPO subscription

Bids received ÷ shares offered. 1.00x means the category is fully subscribed.

PUBLIC SOURCES

Total subscription1.12xModest demand

Last updated: 4:50 PM, 30 Oct 2026
Bidding is still open. Exchange snapshot, not a live feed.

NII15% of issue

0.32x

Retail35% of issue

1.93x

Ajwa Projects Limited subscription status today

1.12xoverallModest demand

NII: 0.32x
Retail: 1.93x

Day 2 0.87x Day 3 1.12x

Updated 4:50 PM, 30 Oct 2026 IST. Bidding is still open, so these will keep changing.

Ajwa Projects IPO is subscribed 1.12x overall: NII 0.32x, retail 1.93x (as of 4:50 PM, 30 Oct 2026 IST). That is modest demand. Total subscription was 0.87x at the end of day 2 and 1.12x at the end of day 3. Bidding is still open, so the figures will keep changing.

Bars share one scale, 0 to 10x. The white tick marks 1x (fully subscribed). Figures are exchange snapshots published during bidding, not a live feed.

For this IPO · filled from its figures

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Day-wise subscription

Cumulative subscription at the end of each bidding day

PUBLIC SOURCES

Cumulative subscription by day and category
Day	NII	Retail	Total
Day 2 · 29 Oct	0.18x	1.57x	0.87x
Day 3 · 30 OctLatest	0.32x	1.93x	1.12x

Day 2 is still open. Final figures are published after bidding closes.

Total subscription by day

Times subscribed (x)

How past SME IPOs listed

Our archive has no SME subscription figures, so this covers every SME IPO in it

INVESTORTRACK ANALYSIS

Past IPOs in this group: 448
Opened above issue price: 59%
Median opening gain: +2.25%
Middle half of IPOs: −1.95% to +17.65%

Of 448 SME IPOs in our archive (listed 2025 to date), 59% opened above the issue price and 31% below. The median opening gain was +2.25%, and the middle half ranged from −1.95% to +17.65%.

This describes how past issues opened, not what this IPO will do: one issue can land far outside the range, the opening price says nothing about what happens afterwards, and past results are not a forecast.

Calculated from the past IPOs archive: opening price on listing day against the issue price, for the IPOs where both are known. See how we work.

Learn to read subscription

What the numbers do and do not tell you.

All 12 guides →

How to read IPO subscription numbers7 min read IPO investor categories: retail, S-HNI, B-HNI and QIB7 min read How the IPO allotment lottery works8 min read

More tools for this IPO

GMP profit calculatorGMP ₹1 per share, turned into rupees for your lots.Application amountHow much a bid blocks, and the most a retail bid can hold.

Next tabAllotment · expected 2 Nov

Frequently asked questions

What is the Ajwa Projects IPO subscription status?

How much is the retail portion of Ajwa Projects IPO subscribed?

Retail investors have subscribed 1.93x, against 35% of the issue reserved for them.

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.

What does subscription mean?

Subscription is the number of shares bid for divided by the number of shares offered. 1.00x means the category is fully subscribed; above 1x means there were more bids than shares.