Shares of Ajwa Projects made a flat debut on the stock exchange on November 4, listing at the company's initial public offering (IPO) price of Rs 203 per share on the BSE SME platform.
The stock opened at Rs 203 apiece, in line with its issue price, leaving IPO investors with no listing gains or losses.
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The Ajwa Projects IPO was open for subscription between October 28 and October 30, 2026. The basis of allotment was finalised on November 2, and the shares were credited to successful applicants' demat accounts on November 3.
The fixed-price IPO comprised a fresh issue of 15 lakh equity shares aggregating to Rs 30.45 crore and an offer for sale (OFS) of 3.74 lakh shares worth Rs 7.60 crore.