Ajwa Projects IPO Allotment Status: Check Allotment on BSE & Registrar

The Ajwa Projects IPO allotment is scheduled to be finalised on 2 November 2026. Investors who applied for the IPO can check their Ajwa Projects IPO allotment status through BSE or the IPO registrar, KFin Technologies Limited. Applicants can check whether shares have been allotted using their PAN, application number or DP/Client ID.

The Ajwa Projects IPO received 1.12 times subscription during the bidding period, which ended on 30 October 2026. The Individual Investors category recorded the highest subscription at 1.92 times, while the NII category was subscribed 0.32 times.

Successful applicants are scheduled to receive shares in their demat accounts on 3 November 2026, while funds blocked for unsuccessful applicants are expected to be released on the same date. Ajwa Projects shares are scheduled to list on the BSE SME platform on 4 November 2026

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How to Check Ajwa Projects IPO Allotment on BSE?

• Visit the BSE IPO allotment verification page: https://www.bseindia.com/investors/appli_check
• Select "Equity" as the issue type.
• Choose "Ajwa Projects Limited" from the available issue list.
• Enter the required Application Number or PAN details.
• Complete the captcha or verification process, if applicable.
• Click "Search" to view the allotment status.

How to Check Ajwa Projects IPO Allotment Through Registrar?

KFin Technologies Limited is the official registrar for the Ajwa Projects IPO.

Investors can check their allotment status through the registrar's portal once the allotment results are published.

• Visit the KFin Technologies IPO allotment portal: https://ipostatus.kfintech.com/
• Select "Ajwa Projects Limited" from the available company list.
• Choose the preferred search method, such as PAN, Application Number or DP ID/Client ID.
• Enter the required identification details.
• Complete any captcha or verification process.
• Click "Submit" to view the allotment status.

Ajwa Projects IPO Subscription Status

The Ajwa Projects IPO closed on 30 October 2026 with an overall subscription of 1.12 times. Individual Investors recorded the highest subscription at 1.92 times, while the NII category was subscribed 0.32 times. The market maker portion was subscribed 1.00 time.

The IPO received bids for 19,96,800 shares against 17,79,600 shares offered for public subscription, excluding the market maker portion. The total bid amount stood at ₹40.54 crore at the issue price of ₹203 per share.

The Individual Investors category received bids for 17,12,400 shares against 8,90,400 shares offered, while the NII category received bids for 2,84,400 shares against 8,89,200 shares available for subscription. The final subscription snapshot was recorded on 30 October 2026 at 5:39:06 PM.

Ajwa Projects IPO Details

Ajwa Projects IPO was a ₹38.05 crore fixed-price issue, comprising a fresh issue of approximately ₹30.45 crore and an offer for sale of approximately ₹7.60 crore. The issue price was fixed at ₹203 per equity share, with a face value of ₹10 per share.

The IPO comprised 18,74,400 equity shares, including a market maker reservation of 94,800 shares. Of the remaining 17,79,600 shares available for public subscription, 8,89,200 shares were allocated to Non-Institutional Investors and 8,90,400 shares to Individual Investors.

The IPO lot size was 600 shares. The minimum individual investor application comprised two lots, or 1,200 shares, requiring an investment of ₹2,43,600 at the fixed issue price.

Ajwa Projects Limited operates in the industrial engineering and infrastructure services segment. The company provides fabrication, piping, equipment installation, civil construction and maintenance services across industries including oil and gas, power, steel and refineries.

The company intends to utilise the fresh issue proceeds towards acquiring equipment and transport assets, repayment or prepayment of certain borrowings, working capital requirements and general corporate purposes.

The IPO opened for subscription on 28 October 2026 and closed on 30 October 2026. The basis of allotment is scheduled for 2 November 2026, followed by refunds and demat credit on 3 November 2026. The shares are proposed to list on the BSE SME platform on 4 November 2026.