Ajwa Projects IPO Debuts on BSE SME: Subscription Breakdown & Listing Highlights
Just sharing a quick update since the Ajwa Projects IPO officially wrapped up its bidding and made its debut on the BSE SME platform today (November 4, 2026).
The issue price was locked at ₹203 per share. Here are the quick tracking details for the listing:
- Exchange: BSE SME
- BSE Code: 545016 | BSE Group: MT group of securities
A Quick Recap of the Issue: Bidding ran from October 28 to October 30, 2026. The total issue combined a fresh issue of 15.00 lakh shares (raising ₹30.45 crore) alongside an Offer for Sale (OFS) of 3.74 lakh shares (worth ₹7.60 crore). Wealth Mine Networks managed the issue as the lead manager, with Kfin Technologies handling registrar duties.
How the Subscription Ended Up: The IPO closed out with an overall subscription of 1.12 times. Here is how the demand split across categories:
- Retail Investors: Subscribed 1.93 times
- Non-Institutional Investors (NIIs): Subscribed 0.32 times
Thought I'd drop the numbers here if anyone was keeping an eye on it!