IPO LabelAjwa Projects
SMEAllotment out
Shares start trading on BSE tomorrow.
- Minimum
- ₹2,43,600
- Band
- ₹203–₹203
- Issue size
- ₹38.05 Cr
- GMP
- ₹1 (+0.49%)
- Subscribed
- 1.93×
GMP rumours
₹1(+0.49%)
Ranged ₹1–₹38 since 26 Oct
Unofficial grey-market chatter. Not a price, not a prediction, and not from any exchange.
Subscription by category
| Category | Bid(lakh) | Subscribed(×) | Chance |
|---|---|---|---|
| Retail2 lots | — | 1.93 | 1 in 2 |
| HNI3 lots + | — | 0.32 | 1 in 1 |
| All categories | 20.94 | 1.12 | — |
Value applied, by category
Where the money is, rather than how contested each line is. The two often disagree — a line can be the most subscribed and still be a small corner of the book.
| Category | Amount(₹ Cr) | Share(%) | Can be Allotted |
|---|---|---|---|
| Retail2 lots | — | — | — |
| HNI3 lots + | — | — | — |
| All categories | 42.51 | — | — |
Captured
Reported figures
| ₹ crore | FY 24 | FY 25 | FY 26 |
|---|---|---|---|
| Revenue | 34.27 | 36.73 | 48.42 |
| EBITDA | 5.67 | 6.41 | 9.03 |
| Profit after tax | 2.95 | 3.28 | 5.42 |
| Total assets | 25.00 | 25.57 | 36.37 |
What the money is for
- Capital expenditure26.6%
- Repayment of borrowings30.7%
- Working capital requirements13.1%
- General corporate purposes29.5%
Priced against its peers
- This issue, P/E
- 14.97
- Sector P/E
- 36.48
- AIA Engineering Ltd
- 32.03
- Bharat Electronics Ltd
- 55.02
- Bharat Heavy Electricals Ltd
- 99.56
These P/E figures are worked out by the same data service, at a share price it does not state — the company does not report them. A lower P/E than the sector is not a recommendation: it reflects growth, risk and size as much as price. The comparison is shown so the number has a reference, not to suggest a decision.
Figures from the company’s filings, copied by a third-party data service — we have not read them from the prospectus ourselves. Check them against the prospectus in Documents: that filing is the authority.
What one bid costs
Priced at the top of the band, which is what gets blocked on a cut-off bid.
| Category | Minimum | Maximum |
|---|---|---|
| Retailup to ₹2,43,600 | 2 lots₹2,43,600 | 2 lots₹2,43,600 |
| sHNIup to ₹10,00,000 | 3 lots₹3,65,400 | 8 lots₹9,74,400 |
| bHNIno upper limit | 9 lots₹10,96,200 | — |
Computed from the band by the same calculator that validates a bid before it is sent, so this table and the review sheet cannot disagree. A cut-off bid blocks at the upper band price, never the lower one.
The issue
- Issue type
- Fixed price
- Issue size
- ₹38.05 Cr
- Face value
- ₹10
- Lot size
- 600 shares
- Listing on
- BSE
- Symbol
- AJWA
- ISIN
- INE1NMO01017
- Daily window
- 10:00 – 17:00 IST · last day until 16:00
Timeline
- Opens
- 28 Oct
- Closes
- 30 Oct
- Basis of allotment
- 2 Nov
- Refunds
- 3 Nov
- Listing
- 4 Nov
Documents