Two SME IPOs open today: Ajwa Projects, Carver Roboweld. Check price band and key details
Ajwa Projects and Carver Roboweld will launch their SME IPOs on October 28, aiming to raise a combined Rs 66.34 crore. Both issues will close on October 30 and are expected to list on the BSE SME platform on November 4.
By Ritesh Presswala, ETMarkets.com |
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Two SME initial public offerings (IPOs) — Ajwa Projects and Carver Roboweld- will open for subscription on Wednesday, October 28, 2026. Both issues will be listed on the BSE SME platform and will remain open until October 30.
Ajwa Projects aims to raise Rs 38.05 crore through its IPO, while Carver Roboweld plans to raise Rs 28.29 crore. Together, the two public issues will mobilise approximately Rs 66.34 crore.
The issue will close on October 30, with the allotment expected to be finalised on November 2. The company's shares are tentatively scheduled to list on the BSE SME platform on November 4, 2026.
The IPO has a fixed issue price of Rs 203 per share, with a lot size of 600 shares. Based on the issue price, the minimum application size for retail investors is 1,200 shares, requiring an investment of Rs 2,43,600. For high-net-worth individual (HNI) investors, the minimum application size is three lots, or 1,800 shares, amounting to Rs 3,65,400.
Wealth Mine Networks Ltd. is the book-running lead manager for the issue, while KFin Technologies Ltd. is the registrar. Prabhat Financial Services Ltd. has been appointed as the market maker.
Objects of the Ajwa Projects IPO: Ajwa Projects proposes to utilise Rs 8.10 crore from the net proceeds to fund capital expenditure, including the purchase of plant and machinery, transport vehicles and other assets.
Another Rs 9.35 crore is earmarked for the repayment or prepayment, in full or in part, of the company's borrowings. The company plans to allocate Rs 4 crore towards working capital requirements and Rs 4.43 crore towards general corporate purposes.
The IPO opens on October 28 and closes on October 30, 2026. The allotment is expected to be finalised on November 2, while the tentative listing date on the BSE SME platform is November 4.
The price band has been fixed at Rs 76–Rs 80 per share, and the lot size is 1,600 shares. At the upper end of the price band, retail investors must apply for a minimum of 3,200 shares, translating into an investment of Rs 2,56,000. HNI investors must apply for at least three lots, or 4,800 shares, requiring an investment of Rs 3,84,000.
Smart Horizon Capital Advisors Pvt. Ltd. is the book-running lead manager, while Bigshare Services Pvt. Ltd. is the registrar to the issue.
Objects of the Carver Roboweld IPO: Carver Roboweld plans to use Rs 11.99 crore from the net proceeds to fund capital expenditure, primarily for the purchase of welding robots. The company has earmarked another Rs 8.60 crore for the repayment or prepayment, in full or in part, of certain outstanding borrowings from banks and financial institutions. The remaining proceeds will be used for general corporate purposes.
Disclaimer: The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimers here
Ajwa Projects aims to raise Rs 38.05 crore through its IPO, while Carver Roboweld plans to raise Rs 28.29 crore. Together, the two public issues will mobilise approximately Rs 66.34 crore.
Ajwa Projects IPO: Issue Size, Price and Key Dates
The Ajwa Projects IPO is a fixed-price issue worth Rs 38.05 crore. It comprises a fresh issue of 15 lakh shares aggregating to Rs 30.45 crore and an offer for sale (OFS) of 3.74 lakh shares worth Rs 7.60 crore.The issue will close on October 30, with the allotment expected to be finalised on November 2. The company's shares are tentatively scheduled to list on the BSE SME platform on November 4, 2026.
The IPO has a fixed issue price of Rs 203 per share, with a lot size of 600 shares. Based on the issue price, the minimum application size for retail investors is 1,200 shares, requiring an investment of Rs 2,43,600. For high-net-worth individual (HNI) investors, the minimum application size is three lots, or 1,800 shares, amounting to Rs 3,65,400.
Wealth Mine Networks Ltd. is the book-running lead manager for the issue, while KFin Technologies Ltd. is the registrar. Prabhat Financial Services Ltd. has been appointed as the market maker.
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Objects of the Ajwa Projects IPO: Ajwa Projects proposes to utilise Rs 8.10 crore from the net proceeds to fund capital expenditure, including the purchase of plant and machinery, transport vehicles and other assets.
Another Rs 9.35 crore is earmarked for the repayment or prepayment, in full or in part, of the company's borrowings. The company plans to allocate Rs 4 crore towards working capital requirements and Rs 4.43 crore towards general corporate purposes.
Carver Roboweld IPO: Issue Size, Price Band and Key Dates
The Carver Roboweld IPO is a book-built issue of Rs 28.29 crore, comprising an entirely fresh issue of 35.36 lakh shares. Unlike an offer for sale, the fresh issue will raise funds for the company.The IPO opens on October 28 and closes on October 30, 2026. The allotment is expected to be finalised on November 2, while the tentative listing date on the BSE SME platform is November 4.
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The price band has been fixed at Rs 76–Rs 80 per share, and the lot size is 1,600 shares. At the upper end of the price band, retail investors must apply for a minimum of 3,200 shares, translating into an investment of Rs 2,56,000. HNI investors must apply for at least three lots, or 4,800 shares, requiring an investment of Rs 3,84,000.
Smart Horizon Capital Advisors Pvt. Ltd. is the book-running lead manager, while Bigshare Services Pvt. Ltd. is the registrar to the issue.
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Objects of the Carver Roboweld IPO: Carver Roboweld plans to use Rs 11.99 crore from the net proceeds to fund capital expenditure, primarily for the purchase of welding robots. The company has earmarked another Rs 8.60 crore for the repayment or prepayment, in full or in part, of certain outstanding borrowings from banks and financial institutions. The remaining proceeds will be used for general corporate purposes.
Disclaimer: The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimers here
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