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Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the Ajwa Projects Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
Key metrics and details at a glance.
Price Band
₹203
Per ShareLot Size
600 Shares
Minimum Investment
₹1,21,800
Issue Size
₹38.05 Cr
Face Value
₹10
Per ShareIPO Type
Fixed Price - SME
Retail Quota
49.97%
QIB Quota
0%
NII Quota
50.03%
Important dates for your applying strategy.
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
98.9%
Promoter Holding (Post-Issue)
65.12%
Issue Type
Fixed Price - SME
ISIN
INE1NMO01017
Our Company is engaged in a diversified portfolio of industrial services that span fabrication, piping, erection, pressure equipment, prefabricated structures, Blasting & Painting, maintenance & mechanical services, and civil construction works. Our role begins where we undertake the core execution and manufacturing activities that convert approved plans into functional industrial assets. Through these activities, our Company plays a critical role in creating and sustaining industrial and infrastructure facilities across sectors.
The fabrication market was valued at approximately USD 21.8 billion in 2024 and is projected to reach USD 32.6 billion by 2031, growing at a CAGR of 5.9% during the forecast period. The market is witnessing sustained growth due to rising demand for precision manufacturing, advanced metal structures, and increased adoption of automation in industrial sectors. Sectors such as automotive, aerospace, construction, and energy are contributing significantly to the need for fabricated metal parts and assemblies.
Our company was originally incorporated as a Private Limited Company under the name and style of "Ajwa Projects Private Limited" in accordance with the Companies Act, 1956 pursuant to a Certificate of Incorporation issued by Registrar of Companies, Dadra and Nagar Haveli, Gujarat on March 12, 2011, with the corporate identification number (CIN) being U45200GJ2011PTC064399. Subsequently, our company was converted into Public Limited Company under the Companies Act, 2013 and the name of our Company was changed to "Ajwa Projects Limited" vide a fresh Certificate of Incorporation consequent upon conversion from Private Company to Public Company dated June 27, 2025, bearing Corporate Identification Number U45200GJ2011PLC064399, issued by the Registrar of Companies, Central Processing Centre.
Revenue, profit after tax and total assets across the last 3 reported financial years.
Amount in ₹ crore
Amount in ₹ crore
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY23 to FY25.
How the company plans to utilize IPO proceeds.
The funds raised through this IPO will be used for:
Initial public offering of 18,74,400 equity shares of face value of Rs. 10 each ("Equity Shares") of Ajwa Projects Limited (the "Company" or the "Issuer") at an offer price of Rs. 203 per equity share including a share premium of Rs. 193 per equity share (the "Offer Price") aggregating Rs. up to 38.05 Crores ("The Offer"). The offer comprises fresh issue of 15,00,000 equity shares aggregating Rs. 30.45 Crores ("Fresh issue") and an offer for sale of 3,74,400 equity shares by the promoter selling shareholders aggregating Rs. 7.60 Crores comprising 1,87,200 equity shares by Mohammad Khurshid Alam Kahn aggregating Rs. 3.80 Crores and 1,87,200 equity shares by Zarinabegum Khurshid Alam Khan aggregating Rs. 3.80 Crores (collectively the "Promoter Selling Shareholder") ("offer for sale together with the fresh issue, the "Offer"). Of which 94,800 equity shares of face value of Rs. 10 each for cash at a price of Rs. 203 per equity share including a share premium of Rs. 193 per equity share aggregating Rs. 1.92 Crores will be reserved for subscription by the market maker to the offer (the "Market Maker Reservation Portion"). The offer less the market maker reservation portion i.e. Net offer of 17,79,600 equity shares of face value of Rs. 10 each at a price of Rs. 203 per equity share including a share premium of Rs. 193 per equity share aggregating Rs. 36.13 Crores (the "Net Offer"). The offer and the net offer will constitute 34.08% and 32.36%, respectively, of the post-offer paid-up equity share capital of the company. Fixed Issue at Rs. 203/- per equity share of face value of 10.00 each. The issue price is 20.30 times the face value of the equity shares. Bids can be made for a minimum of 2 lots of 600 equity shares each, aggregating to 1,200 equity shares, and in multiples of 600 equity shares thereafter.
*Subject to approvals and market conditions.
Key competitive advantages and factors to consider before investing.