Two SME IPOs Launch Today: Ajwa Projects and Carver Roboweld Reveal Price Bands and Key Details!

Two SME initial public offerings (IPOs) — Ajwa Projects and Carver Roboweld — are set to open for subscription on Wednesday, October 28, 2026, and will close on October 30. Ajwa Projects aims to raise approximately Rs 38.05 crore, while Carver Roboweld is looking to secure around Rs 28.29 crore. Collectively, these two offerings are expected to mobilize around Rs 66.34 crore on the BSE SME platform. The listing dates for both companies are tentatively scheduled for November 4, 2026, following the allotment process expected on November 2.

The Ajwa Projects IPO is a fixed-price issue with an issue price of Rs 203 per share, requiring a minimum investment of Rs 2,43,600 for retail investors buying one lot of 600 shares. On the other hand, Carver Roboweld has set a price band between Rs 76 and Rs 80 per share, with a minimum investment of Rs 2,56,000 for retail investors applying for 3,200 shares. Both companies have earmarked a significant portion of their proceeds for capital expenditure and debt repayment, which points to their growth ambitions and financial health.

The grey market sentiment surrounding these IPOs is currently evolving, but interest seems to be cautiously optimistic. For Indian investors, these IPOs present an opportunity to invest in emerging companies within the SME sector. Given the allocations towards capital expenditure, there is potential for growth, although the investment size may limit participation to high-net-worth individuals and institutional investors. Retail investors should assess their investment strategies carefully before entering these offerings.

Source: The Economic Times

(Expert Note: This report was prepared by the Wealthova IPO team.)