Ajwa Projects IPO Subscription Status Day 3: Overall Subscription Reaches 1.10x

Ajwa Projects IPO subscription reached 1.10 times on Day 3, as of 2:59 PM on October 30, 2026. The public issue received bids for 19,60,200 shares against 17,79,600 shares available for subscription, excluding the market maker portion.

The Individual Investors category recorded the highest subscription at 1.88 times, followed by the NII category at 0.32 times. The issue received bids worth ₹39.79 crore at the fixed issue price of ₹203 per share.

Subscription Status of Ajwa Projects IPO

Here are the subscription details for on the Ajwa Projects IPO day 3, as of 5:39:06 PM:

Key Highlights - Day 3

• Ajwa Projects IPO recorded an overall subscription of 1.10 times as of 2:59 PM on October 30, compared with 0.87 times on Day 2.
• Individual Investors subscribed 1.88 times their allocated portion, while the NII category recorded 0.32 times subscription.
• The issue received bids for 19,60,200 shares against 17,79,600 shares offered to the public, excluding the market maker reservation.

Key Highlights – Day 2

• Ajwa Projects IPO recorded an overall subscription of 0.87 times on October 29, increasing from 0.34 times on the opening day.
• Individual Investors subscribed 1.57 times their allocation, compared with 0.65 times on Day 1.
• The NII category recorded 0.18 times subscription on Day 2, compared with 0.04 times on the opening day.

Key Highlights – Day 1

• Ajwa Projects IPO opened for subscription on October 28, 2026, recording an overall subscription of 0.34 times.
• The Individual Investors category recorded 0.65 times subscription on the first day of bidding.
• The NII category subscribed 0.04 times its allocation on Day 1, remaining below full subscription.

About Ajwa Projects Limited

Ajwa Projects Limited provides industrial engineering and construction-related services, including fabrication, piping, erection, pressure equipment, prefabricated structures, blasting and painting, mechanical maintenance and civil construction. The company undertakes activities involved in developing industrial facilities and executing infrastructure-related projects across different sectors.

Fabrication is a significant part of the company's operations. Its activities include machining, welding and assembling steel and other structural materials into finished components according to customer specifications. The company also works on industrial structures, girders, platforms, heavy modules and related equipment used in manufacturing facilities and infrastructure projects.