FY26
Assets36.37
Net Worth17.71
Total Debt12.52
RevenueAnnualised basis48.24
EBITDAAnnualised basis9.03
PATAnnualised basis5.42
EBITDA Margin (%)18.72
At a glance
Updated 2026-11-01 04:17:32Ajwa Projects is a SME IPO with an issue size of ₹38.05 crore, proposed for listing on NSE EMERGE. The offer opens on 28 Oct 2026 and closes on 30 Oct 2026. The current listing schedule points to 4 Nov 2026.
Issue details
Listing atNSE EMERGE
Issue size₹38.05 Cr
Price band₹203.00
Allotment2 Nov 2026
Listing4 Nov 2026
Grey market
GMP page ↗Latest GMPNO GMP
GMP / upper priceNO DATA
Est. listingNO DATA
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens28 Oct 2026
Closes30 Oct 2026
Allotment2 Nov 2026
Listing4 Nov 2026
Subscription demand
Full bidding ↗Retail0.03×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Max) | 2 | 1200 | ₹243,600 |
| S-HNI (Min) | 3 | 1800 | ₹365,400 |
Company
Use of proceeds
| Object | Amount |
|---|---|
| Capital Expenditure requirements towards acquisition of plant & machinery, transport vehicle/asset | ₹6.79 Cr |
| Repayment or prepayment, in full or in part, of borrowings | ₹8.08 Cr |
| Working capital requirement | ₹4.00 Cr |
| General Corporate Purpose | — |
Financial performance
Year-wise operating scale, profitability and balance-sheet context.Assets41.97₹ Cr · +63.6% vs prior year
Net Worth19.27₹ Cr · +116.5% vs prior year
FY25
Assets26.29
Net Worth12.29
Total Debt7.96
RevenueAnnualised basis36.73
EBITDAAnnualised basis6.34
PATAnnualised basis3.28
EBITDA Margin (%)17.26
FY24
Assets25.66
Net Worth8.90
Total Debt10.85
RevenueAnnualised basis34.26
EBITDAAnnualised basis5.51
PATAnnualised basis2.95
EBITDA Margin (%)16.08
30-Jun-26
Assets41.97
Net Worth19.27
Total Debt13.84
RevenueAnnualised basis12.40
EBITDAAnnualised basis2.45
PATAnnualised basis1.56
KPIs
| KPI | Ajwa Projects IPO | Core4 Engineers IPO | Ravita Engineering IPO | Vans Electroengineerings IPO |
|---|---|---|---|---|
| Size | 38.05 | 54.82 | 116.05 | 33.98 |
| Revenue * | 49.6 | 182.6 | 389.24 | 22.84 |
| PAT * | 6.24 | 24.68 | 40.52 | 5.39 |
| PE | 17.92 x | 15.90 x | 10.42 x | 23.79 x |
| Offer Price | 203 | 93 | 112 | 118 |
| Listing Price (%) | - | ₹ 74.40 (-20%) | ₹ 112.00 (+0%) | ₹ 224.20 (+90%) |
| CMP (%) | - | ₹ 78.12 (-16%) | ₹ 105.65 (-5.67%) | ₹ 414.00 (+250.85%) |
Peer comparison
| Company | EPS | P/E | RoNW | NAV |
|---|---|---|---|---|
| Ajwa Projects IPO | — | 17.92 x | — | — |
| Core4 Engineers IPO | — | 15.90 x | — | — |
| Ravita Engineering IPO | — | 10.42 x | — | — |
| Vans Electroengineerings IPO | — | 23.79 x | — | — |
Registrar & lead managers
Lead managers
- Location
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-11-01 04:17:32.
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