Ajwa Projects IPO

The last grey market premium reported for the Ajwa Projects IPO is ₹35, as of 29 Oct, 9:35 pm. Against the ₹203 upper band that is +17.2%. GMP is an unofficial, unregulated datapoint reported by third parties — not a price, a prediction, or investment advice.

Adding the ₹35 premium to the ₹203 upper band gives an implied price of ₹238. That is only what unregulated grey-market dealers are quoting today; the listing price is discovered on the exchange in the pre-open session on listing day and routinely differs from it.

No. The grey market is an informal, over-the-counter market between private dealers that is not operated or supervised by NSE, BSE or SEBI. No trade settles through a clearing corporation and no dealer is obliged to honour a quote, so the premium can change sharply within a day or disappear after bidding closes.

The premium is checked about every 20 minutes between 8 am and 10 pm IST, every day while the issue is live, from a third-party grey-market reporter. The history table adds a row only when the premium changes, with the date and time it changed, how much it moved and the listing price it implies.

The Ajwa Projects IPO is subscribed 0.88× overall as of 29 Oct, 6:30 pm: QIB —, non-institutional — and individual investors —. Figures are BSE's own category-wise book.

The individual investors' portion is subscribed — as of 29 Oct, 6:30 pm. In SME issues this category replaced retail in July 2025: individual investors applying for two lots worth more than ₹2,00,000.

NSE and BSE publish the category-wise bids for every open issue during bidding hours. This page reads that book about every 5 minutes during bidding hours and shows QIB, NII and individual investor demand, plus one row per day so the build-up over the issue can be compared.

Overall subscription at the last reading of each bidding day: day 1 (28 October 2026): 0.38×, day 2 (29 October 2026): 0.88×. The day-wise table on this page breaks each day into QIB, non-institutional and individual investors.

Subscription of 2× means bids were received for twice the number of shares offered in that category. When a category is oversubscribed, allotment follows the basis of allotment the registrar finalises with the stock exchange — for small investors, a lottery for the minimum application.

Allotment for the Ajwa Projects IPO is scheduled for 2 November 2026, the trading day after bidding closes on 30 October 2026. Under SEBI's T+3 timeline, refunds and demat credit are due on 3 November 2026 and the shares list on 4 November 2026. Dates are tentative until the registrar and exchange confirm them.

Check it on the registrar's IPO allotment page: KFin TechnologiesLimited publishes the result once it finalises the basis of allotment with the stock exchange. Choose the issue and enter your PAN, application number or DP ID / client ID. BSE and NSE also show allotment status on their websites, using the registrar's data. If no shares are allotted, your bank releases the blocked amount. alphave does not publish allotment results.

The registrar to the Ajwa Projects IPO is KFin TechnologiesLimited. The registrar processes applications, finalises the basis of allotment with the exchange, and handles refunds.

The amount blocked in your bank account under ASBA or the UPI mandate is released, normally on the day allotment is finalised or the next working day. No shares are credited and nothing further is needed from you.

Bidding for the Ajwa Projects IPO opens on 28 October 2026 and closes on 30 October 2026. On the last day, SME bidding closes at 4:00 pm and UPI mandates can be accepted until 5:00 pm. Brokers may stop taking bids somewhat earlier.

Applications are made through a broker's app or a bank's net banking using ASBA, or by UPI mandate, between 28 October 2026 and 30 October 2026. The amount is only blocked, not debited, until allotment. SME bids name a price within the band — the cut-off option is not available for SME issues — and individual investors apply for two lots (1,200 shares); a UPI mandate must be approved by 5:00 pm on the closing day.

30 October 2026 is the last day of bidding; for an SME issue, bidding closes at 4:00 pm that day. Allotment is scheduled for 2 November 2026, refunds and demat credit for 3 November 2026, and listing for 4 November 2026 — tentative until confirmed.

The Ajwa Projects IPO price is ₹203 per share.

The minimum application is 1,200 shares — two lots — which costs ₹2,43,600 at the ₹203 upper price. Individual investors apply for exactly this minimum; applications above two lots are non-institutional.

₹2,43,600 — the minimum application of 1,200 shares (two lots) at ₹203. Only applications above two lots are non-institutional.

Ajwa Projects is an SME issue listing on BSE SME. SME issues need a minimum application above ₹2,00,000 and trade on the exchange's SME platform after listing. Wealth Mine Networks Private Ltd is a lead manager to the issue.

The issue size is ₹38.05 crore, of which ₹30.45 crore is a fresh issue and ₹7.6 crore an offer for sale by existing shareholders.

Yes, in its latest reported period: Ajwa Projects reported a profit after tax of ₹3.28 crore in FY2025, as restated in its offer document. Earlier years are in the table above.

From the restated financial statements in the company's draft and final offer documents, filed with the stock exchange. alphave reports them as filed, in ₹ crore, and does not publish a valuation or a view on the issue.

The Ajwa Projects IPO's offer document is linked on this page as filed. The stock exchange also publishes it, and the lead managers host it.

The Draft Red Herring Prospectus is the document a company files before an IPO — with SEBI for a mainboard issue, with the stock exchange for an SME issue. It describes the business, the financials, the risk factors, the promoters and how the money raised will be used. The Red Herring Prospectus (RHP) is the updated version filed before the issue opens, with the issue dates; the price band is announced separately, at least two working days before bidding opens.

Subscription figures are the exchange's category-wise book (NSE's consolidated NSE and BSE figure, or BSE's own for a BSE-only issue), read about every 5 minutes during bidding hours. GMP is an unofficial grey-market indicator checked about every 20 minutes between 8 am and 10 pm IST from a third-party reporter; the history keeps a row for each change. Price band, lot size, issue size, dates, registrar and lead managers are from the exchange's issue details and the offer document filed with the stock exchange. Financials are the restated figures in the offer document, and the shareholding pattern is as disclosed there; allotment results come from the registrar, whose page this page links to. Anchor investor allocations, where shown, are from the anchor allocation filed with the exchange.