Ajwa Projects IPO listing: listed at ₹203, flat at the issue price
Ajwa Projects listed on BSE SME on 4 Nov 2026 at ₹203 per share, ₹0 (0.0%) against the upper price band of ₹203. The issue (price band ₹203, bidding 28 Oct 2026 to 30 Oct 2026) was subscribed 1.12x overall. The last grey-market premium we captured before listing was ₹1 on 3 Nov 2026 (daily average of 12 quotes), which implied a listing price of ₹204; the shares listed at ₹203, ₹1 below that.
Updated 14 Nov 2026, 07:10 IST. Unofficial grey-market figures, dated.
Listing day facts
| Listing date | 4 Nov 2026 |
|---|---|
| Exchange | BSE SME |
| Listing price | ₹203 |
| Upper price band (issue price basis) | ₹203 |
| Gain or loss vs upper band | ₹0 per share (0.0%) |
| Price band | ₹203 |
| Issue dates | 28 Oct 2026 to 30 Oct 2026 |
| Subscription (overall, at close) | 1.12x, as of 30 Oct 2026 |
| Lot size | 600 shares |
| Gain or loss per lot vs upper band | ₹0 |
Grey-market premium against the actual listing
The last grey-market premium we captured before listing was ₹1 on 3 Nov 2026 (daily average of 12 quotes), which implied a listing price of ₹204; the shares listed at ₹203, ₹1 below that.
| Date | GMP | Implied listing price | Actual listing vs implied | Quotes captured |
|---|---|---|---|---|
| 27 Oct 2026 | ₹10 | ₹213 | −₹10 (−4.7%) | 10 |
| 28 Oct 2026 | ₹33 | ₹236 | −₹33 (−14.0%) | 14 |
| 29 Oct 2026 | ₹21 | ₹224 | −₹21 (−9.4%) | 11 |
| 30 Oct 2026 | ₹3 | ₹206 | −₹3 (−1.5%) | 12 |
| 31 Oct 2026 | ₹1 | ₹204 | −₹1 (−0.5%) | 13 |
| 1 Nov 2026 | ₹1 | ₹204 | −₹1 (−0.5%) | 9 |
| 2 Nov 2026 | ₹1 | ₹204 | −₹1 (−0.5%) | 10 |
| 3 Nov 2026 | ₹1 | ₹204 | −₹1 (−0.5%) | 12 |
GMP is unofficial and unregulated; these are the quotes our desk feed captured, averaged by day. Only the price band and the exchange listing price are official.
Frequently asked questions
What was the Ajwa Projects IPO listing price?
Ajwa Projects listed on BSE SME on 4 Nov 2026 at ₹203 per share.
How did Ajwa Projects list against the issue price?
The listing price of ₹203 was ₹0 per share (0.0%) against the upper price band of ₹203.
What did the grey market indicate before Ajwa Projects listed?
The last grey-market premium we captured before listing was ₹1 on 3 Nov 2026 (daily average of 12 quotes), which implied a listing price of ₹204; the shares listed at ₹203, ₹1 below that. GMP is unofficial and not a forecast.
Where do Ajwa Projects shares trade now?
On BSE SME. Check the exchange for the current quote; BuyUnlistedShares tracks unlisted shares and does not quote listed prices.
Ajwa Projects IPO overview · GMP history · Subscription status · Allotment status
Indicative reference price, dated. BuyUnlistedShares is India's premium unlisted shares desk, run by Gayatri Financial Synergy LLP. Data as of 14 Nov 2026.
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