Two Small and Medium Enterprise (SME) initial public offerings will open for subscription on Wednesday, October 28, 2026. According to reports from The Economic Times, both Ajwa Projects and Carver Roboweld will close their issues on October 30, 2026, with tentative listing scheduled on the BSE SME platform on November 4, 2026. The combined fundraising target of both companies amounts to ₹66.34 crore, with Carver Roboweld specifically raising ₹28.29 crore through a fresh issuance of 35.36 lakh equity shares.
The Ajwa Projects IPO is priced at a fixed issue price of ₹203 per share with a lot size of 600 shares. As reported by The Economic Times, the minimum application size for retail investors is 1,200 shares, requiring an investment of ₹2,43,600. For high-net-worth individual (HNI) investors, the minimum application size is three lots (1,800 shares), amounting to ₹3,65,400. The company has appointed Wealth Mine Networks Ltd. as the book-running lead manager, KFin Technologies Ltd. as the registrar, and Prabhat Financial Services Ltd. as the market maker.
The Carver Roboweld IPO has a price band fixed at ₹76-₹80 per share with a lot size of 1,600 shares. According to The Economic Times, at the upper end of the price band, retail investors must apply for a minimum of 3,200 shares, translating into an investment of ₹2,56,000. HNI investors must apply for at least three lots (4,800 shares), requiring an investment of ₹3,84,000. The company has appointed Smart Horizon Capital Advisors Pvt. Ltd. as the book-running lead manager and Bigshare Services Pvt. Ltd. as the registrar. The IPO is structured as a book-built SME IPO with proceeds primarily intended for purchasing welding robots and repaying outstanding borrowings.
As reported by The Economic Times, Ajwa Projects plans to utilize ₹8.10 crore from net proceeds for capital expenditure including plant and machinery, transport vehicles, and other assets. The company will allocate ₹9.35 crore towards repayment of borrowings and ₹4 crore for working capital requirements. Carver Roboweld intends to use ₹11.99 crore for capital expenditure primarily for welding robots and ₹8.60 crore for repayment of outstanding borrowings from banks and financial institutions.
