IPO details
- Price band
- ₹203.0 – ₹203.0
- Lot size
- 600 shares
- Minimum investment
- ₹2,43,600 / 1,200 shares (2 Lots)
- Subscription
- 0x
- Issue dates
- 2026-10-28 – 2026-10-30
- Listing date
- 2026-11-04
- Issue size
- ₹38.05 Cr
- IPO document
- RHP PDF
Live Grey Market Premium, subscription demand, price band & listing estimates
Ajwa Projects Limited provides industrial engineering, fabrication, erection, piping, maintenance, and civil construction services. The company undertakes structural fabrication work involving industrial buildings, girders, platforms, heavy modules, and other steel structures. It also manufactures equipment such as pressure vessels, boilers, heat exchangers, tanks, chimneys, ducts, and specialised industrial components. The company's services include installing and assembling industrial structures, equipment, and piping systems. It also undertakes civil construction activities, including site preparation, earthworks, foundations, factory buildings, and supporting infrastructure. The company also provides prefabricated structures, mechanical maintenance, non-destructive testing, sandblasting, and industrial painting services. Ajwa Projects serves industries including oil and gas, refineries, power generation, steel, cement, chemicals, and transportation infrastructure. The company operates a workshop facility at Ichchapore GIDC in Surat, Gujarat, and carries out fabrication and installation activities at client project sites.
Continuous grey market quotes, bidding milestones, and verified allotment updates.
Ajwa Projects Grey Market Premium is actively quoted at ₹38.00 (+19% listing gain over upper price band of ₹203.0). Estimated listing price is ₹241.00.
Public bidding is currently OPEN. Total overall subscription demand is recorded at 0x. Bidding closes on 2026-10-30.
Source updated: 28-Oct 9:37
Last checked by this website: 28 Oct 2026, 7:02 am
GMP is unofficial and speculative; it does not guarantee listing performance.
Track verified daily closing grey market snapshots, price progression, and estimated listing expectations leading up to exchange debut:
| Date | IPO GMP (₹) | Day's Movement | Est. Listing Price | Est. Gain (%) | Source Freshness |
|---|---|---|---|---|---|
| 2026-10-28 | +₹38.00 | ▲ +₹13.00 (52.0%) | ₹241.00 | +18.72% | 28-Oct 9:37 |
| 2026-10-27 | +₹25.00 | ⚡ Base Rate | ₹228.00 | +12.32% | 27-Oct 19:02 |
Grey Market Premium (GMP) data reflects unofficial over-the-counter quotes between private brokers. It does not represent guaranteed exchange pricing or SEBI-regulated trading.
As per latest market dealer indications, Ajwa Projects IPO Grey Market Premium (GMP) is recorded at +₹38.00 (19%). Grey market premium is unofficial, speculative, and subject to rapid change.
Based on the upper price band of ₹203.0 and recorded GMP of ₹38.00, the estimated listing price is ₹241.00 (an implied gain of 18.72%).
The issue bidding opens on 2026-10-28 and closes on 2026-10-30. The tentative listing date on the exchanges is 2026-11-04.
The price band is ₹203.0 to ₹203.0 per equity share. The minimum bid lot size is 600 shares, requiring a minimum investment of ₹2,43,600 / 1,200 shares (2 Lots).
Once the basis of allotment is finalized, you can verify your allotment status online on our IPO Allotment Portal, the official registrar, or directly through BSE and NSE using your PAN card number.