From The Economic Times · Ritesh Presswala · · 1m 30s
Two SME IPOs Open Today
Ajwa Projects and Carver Roboweld launch SME IPOs with price bands and key dates.
In brief
Ajwa Projects and Carver Roboweld launch SME IPOs with price bands and key dates. Two SME companies, Ajwa Projects and Carver Roboweld, opened IPOs on October 28, 2026, aiming to raise Rs 66.34 crore total. Originally reported by The Economic Times.
Two SME IPOs Open Today
Two SME initial public offerings, Ajwa Projects and Carver Roboweld, will open for subscription on Wednesday, October 28, 2026.
Ajwa Projects IPO Details
Ajwa Projects aims to raise Rs 38.05 crore through its IPO, with a fixed price of Rs 203 per share and a lot size of 600 shares.
Carver Roboweld IPO Details
Carver Roboweld plans to raise Rs 28.29 crore through its book-built issue with a price band of Rs 76, Rs 80 per share.
Allotment and Listing Dates
Both IPOs will close on October 30, with allotment finalised by November 2 and tentative listing on the BSE SME platform on November 4, 2026.
Retail and HNI Investment Requirements
Retail investors need a minimum of 1,200 shares (Rs 2,43,600) while HNI investors require three lots (1,800 shares, Rs 3,65,400).
Ajwa Projects Fund Allocation
Ajwa Projects plans to use Rs 8.10 crore for capital expenditure, Rs 9.35 crore for debt repayment, and Rs 4 crore for working capital.
Carver Roboweld Fund Allocation
Carver Roboweld will allocate Rs 11.99 crore for welding robots, Rs 8.60 crore for debt repayment, and the rest for general corporate purposes.
In short
Two SME companies, Ajwa Projects and Carver Roboweld, opened IPOs on October 28, 2026, aiming to raise Rs 66.34 crore total.
