Fixed Price IPO | ₹[.] Cr | Listing at BSE SME |
Ajwa Projects Ltd. IPO is a Fixed Price Issue of 0.19 crore equity shares consisting of a fresh issue of upto 0.15 crore equity shares and an offer for sale (OFS) of upto 0.04 crore equity shares.
The equity shares are proposed to be listed on the BSE SME. Wealth Mine Networks Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to Ajwa Projects IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Lot Size | |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 18,75,000 shares (agg. up to ₹[.] Cr) |
| Fresh Issue | 15,00,000 shares (agg. up to ₹[.] Cr) |
| Offer for Sale | 3,75,000 shares of ₹10 (agg. up to ₹[.] Cr) |
| Share Holding Pre Issue | 40,00,000 shares |
| Share Holding Post Issue | 55,00,000 shares |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Thu, Oct 9, 2025 |
| SEBI/Exchange approval received | Tue, Jan 6, 2026 |
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 50% of the Net offer |
| NII Shares Offered | 50% of the Net offer |
Ajwa Projects is a multi-disciplinary industrial services company delivering end-to-end solutions across fabrication, erection, piping, pressure equipment, prefabricated structures, civil construction, and maintenance. The company specializes in turning project plans into real, functional industrial assets.
Key Services:
The company caters to a wide range of industries such as oil & gas, petrochemicals, refineries, power generation, steel, heavy metals, cement, nuclear power, bridges, metro rail, bullet train infrastructure, and other industrial and infrastructure projects.
It has a workforce of over 550 skilled and semi-skilled professionals.
Competitive Strengths:
Ajwa Projects Ltd.'s revenue increased by 7% and profit after tax (PAT) rose by 11% between the financial year ending with March 31, 2025 and March 31, 2024.
| Period Ended | 30 Jun 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 26.64 | 26.29 | 25.66 | 19.29 |
| Total Income | 12.15 | 36.87 | 34.38 | 28.80 |
| Profit After Tax | 1.38 | 3.28 | 2.95 | 0.61 |
| EBITDA | 2.16 | 6.34 | 5.51 | 1.81 |
| NET Worth | 13.67 | 12.29 | 8.90 | 5.95 |
| Reserves and Surplus | 9.67 | 8.29 | 8.81 | 5.86 |
| Total Borrowing | 7.97 | 7.96 | 10.85 | 7.75 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding capital expenditure requirements towards acquisition of plant & machinery, transport vehicle/assets | 6.79 |
| 2 | Repayment or prepayment, in full or in part, of borrowings availed by our Company | 8.08 |
| 3 | Working capital requirement | 4.00 |
| 4 | General Corporate Purpose |
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 30.99% |
| ROCE | 49.06% |
| Debt/Equity | 0.65 |
| RoNW | 30.99% |
| PAT Margin | 8.94% |
| EBITDA Margin | 17.27% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 100% |
Lead Manager Reports
Ajwa Projects IPO is a SME IPO of 18,75,000 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is .
The Ajwa Projects IPO open and close dates are not available as of now.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Ajwa Projects IPO using UPI as a payment gateway. Zerodha customers can apply in Ajwa Projects IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Ajwa Projects IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Ajwa Projects IPO dates are not announced. Please check back again after some time.
Ajwa Projects IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Ajwa Projects IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Ajwa Projects IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Ajwa Projects IPO allotment status.
The Ajwa Projects IPO listing date is not yet announced. The tentative date of listing is .
