Ajwa Projects SME IPO GMP Today – Live Grey Market Premium
No grey market premium has been reported for Ajwa Projects SME IPO yet. Kostak: not available. Subject to Sauda: not available.
Ajwa Projects SME IPO is scheduled to open for subscription on October 28, 2026. The public issue aims to raise around ₹38.05 Cr. and is offered in a price band of ₹203 per share, with a market lot of 600 shares. The day-wise GMP trend is below.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 24 Oct, 8:17 AM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| No GMP history available yet. | |||||
Ajwa Projects SME IPO dates
Key dates from opening to listing. Today is 24 October.
- Open 28 Oct 2026
- Close 30 Oct 2026
- Allotment 02 Nov 2026
- Refund/credit 03 Nov 2026
- Listing 04 Nov 2026
Ajwa Projects SME IPO expected listing price
Upper price band plus today's grey market premium.
| Issue price (upper band) | ₹203 |
|---|---|
| Current GMP | ₹ 0 |
| Listing date | 04 Nov, 2026 |
| GMP-based listing estimate | Not yet available |
Disclaimer: The listing price estimate above is based purely on the current grey market premium (GMP) and is not a guaranteed prediction. GMP is an unofficial, unregulated indicator and can change significantly in the 24–48 hours before listing. Do not make investment decisions based solely on GMP.
Is Ajwa Projects SME IPO GMP reliable?
Grey market premium for Ajwa Projects SME IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- 01Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- 02Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- 03Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- 04Cross-check before acting: Review the Ajwa Projects SME IPO full review for a fundamentals-based assessment before making any grey market trades.
Ajwa Projects SME IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Ajwa Projects SME IPO is not available. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price is not available. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Ajwa Projects SME IPO
Ajwa Projects Limited is based in Surat, Gujarat. It is a multi-disciplinary industrial services company that delivers fabrication, erection, piping, pressure equipment, prefabricated structures, civil construction and maintenance work.
In fabrication, it makes structural components, pressure vessels, boilers, tanks, ducts and precision parts. In erection and piping, it installs heavy structures, equipment and process pipelines for chemicals, gases, steam and fluids.
Its civil work covers site development, foundations, industrial buildings, silos and tanks. It also makes modular and portable buildings, and offers maintenance services such as PSV calibration, NDT testing, blasting and painting, and plant shutdown support.
The company serves oil and gas, petrochemicals, refineries, power, steel, heavy metals, cement, nuclear power, bridges, metro rail and bullet train projects. It has over 550 skilled and semi-skilled workers.
Total income was Rs 36.87 crore in FY2025 against Rs 34.38 crore in FY2024, and profit after tax was Rs 3.28 crore in FY2025. As of 30 September 2025, its order book stood at Rs 19.82 crore.
Frequently asked
What is the GMP of Ajwa Projects SME IPO?
The current Grey Market Premium (GMP) of Ajwa Projects SME IPO is not yet started or active in the market.
What is the Kostak Price of Ajwa Projects SME IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Ajwa Projects SME IPO is not available.
What is the Subject to Sauda Price of Ajwa Projects SME IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is not available.
What is the expected listing price of Ajwa Projects SME IPO based on GMP?
The listing price estimate is not yet available as GMP has not been established for Ajwa Projects SME IPO. Check back closer to the subscription date.
Is the GMP of Ajwa Projects SME IPO increasing or decreasing?
The GMP of Ajwa Projects SME IPO is currently stable. Track the day-wise GMP table above for the latest movement.
Explore Ajwa Projects SME IPO further
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
Price band, lot size, financials, objects of the issue and promoters.
Category-wise demand from QIB, NII and retail investors, updated through the day.
Before the book opens, see what analysts make of it.
Check with your PAN whether shares were credited to your demat account.
GMP is a mood, not a forecast.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
