3 days leftSMEEngineering - Industrial EquipmentsAJWA

Ajwa Projects IPO

Ajwa Projects IPO is an SME IPO raising ₹38 Cr at a fixed price of ₹203 a share. The smallest application you can make is 600 shares, costing ₹1,21,800 at the top of the band. Bidding closes on 30 Oct 2026 and the shares list on 4 Nov 2026.

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₹203

Price band

₹1,21,800

Minimum to apply (600 shares)

₹38 Cr

Issue size

30 Oct 2026

Bidding closes

Not publishedSubscription

The exchanges never published a subscription figure for this issue.

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Terms of the issue

The mechanics of what is being sold. Held for every issue we track.

Issue price (fixed)₹203

Cut-off price₹203

Issue size₹38 Cr

Shares per lot600

Minimum application₹1,21,800

Minimum quantity1200

Face value₹10

Listing exchangesBSE

ISININE1NMO01017

Bidding hours10:00 – 17:00 IST

Bidding window28 Oct 2026 – 30 Oct 2026

SME

What being an SME issue means here. SME issues list on NSE Emerge or BSE SME. They disclose less than mainboard issues, trade far more thinly, and — by regulation — the minimum application is a full lot worth roughly ₹1–1.5 lakh rather than about ₹15,000. That is why the minimum above is so much larger than for a mainboard issue.

Not here yet

Valuation against the issuer's named peers, what the fresh money funds, and the anchor-investor allocation come from reading the prospectus, which we do for current and upcoming issues — historical issues will not gain them.