Overview
Updated 2 hr agoAjwa Projects is an industrial equipment engineering company that closed its BSE SME IPO on October 30, 2026, with a total subscription of 1.18 times. The issue was priced at ₹203 per share with a minimum investment of ₹1,21,800, and the shares are scheduled to list on November 4, 2026. The unofficial grey market premium for this IPO is +₹1, which is unofficial.
The red bar is the price band. GMP-implied price is an unofficial grey-market number, not a forecast.
How much to apply
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 600 | ₹1,21,800 |
| bNII (min) | 9 | 5,400 | ₹10,96,200 |
At the upper band. The amount is blocked in your bank account through UPI, not paid, until allotment.
Final subscription
As of 12 Nov, 18:33 ISTTimes the shares on offer were bid for, by investor category. Above 1x means the category is fully booked.
Grey market premium
Unofficial| Date | GMP | GMP % | Implied price |
|---|---|---|---|
| 04-Nov-2026 | +₹1 | +0.5% | ₹204 |
| 03-Nov-2026 | +₹1 | +0.5% | ₹204 |
| 02-Nov-2026 | +₹1 | +0.5% | ₹204 |
| 01-Nov-2026 | +₹1 | +0.5% | ₹204 |
| 31-Oct-2026 | +₹5 | +2.5% | ₹208 |
GMP is an unofficial, unregulated, community-tracked quote. It is not an exchange price and not a forecast. See how often it has been right →
Listing performance
Latest price updated 5 hr ago.
Grey market vs reality: the last GMP before listing was +₹1 (+0.5%). It listed at −5.0%, off by 5.5 points.
Issue details
| Status | Listed |
| Exchange | BSE |
| Segment | SME |
| Sector | Engineering - Industrial Equipments |
| Price band | ₹203 |
| Final issue price | ₹203.00 |
| Face value | ₹10 per share |
| Lot size | 600 shares |
| Minimum investment | ₹1,21,800 |
| Issue size | ₹38.00 Cr |
| Registrar | KFIN TECHNOLOGIES LIMITED |
| NSE symbol | AJWA |
| ISIN | INE1NMO01017 |
Peers & valuation
Other Engineering - Industrial Equipments IPOs
Same sector, listed just before and after this one, with their listing-day change.
HGS (India) LimitedHGSINDIALT · NSE · SME · Engineering - Industrial Equipments+40.0%6 Nov
Om Galaxy LimitedOMGL · BSE · SME · Engineering - Industrial Equipments+0.9%18 Sep
Tempsens Instruments (India)TEMPSENS · BSE, NSE · Mainboard · Engineering - Industrial Equipments+95.6%28 Aug Documents and resources
Offer documents and the issuer, exchange, registrar and SEBI pages for this issue.
No prospectus link on record for this issue yet.