Ajwa Projects Limited, incorporated in 2011 as Ajwa Projects Private Limited, is an industrial services company that was converted into a public limited company in June 2025. The company provides a wide range of services, including fabrication, erection, piping, pressure equipment, prefabricated structures, civil construction, blasting and painting, and maintenance and mechanical services.

Its key activities include the fabrication and installation of industrial structures, pressure vessels, boilers, tanks, pipelines, and other heavy equipment used in industrial and infrastructure projects. The company also undertakes civil construction, equipment maintenance, non-destructive testing (NDT), and industrial painting services.

Ajwa Projects serves multiple sectors, including oil and gas, refineries, power generation, steel, cement, chemicals, and infrastructure. Its project experience covers industrial plants, bridges, factory buildings, tanks, silos, and other infrastructure developments.

As of the date stated in its prospectus, the company employs 557 personnel, including skilled, semi-skilled, and supervisory staff, deployed across its workshop and project sites. Its registered office is located in Surat, Gujarat, and its workshop is situated in the Ichchapore GIDC area of Surat.

Objective of Ajwa Projects IPO

• Funding capital expenditure for the acquisition of equipment, transport vehicles and other assets.
• Repayment or prepayment, in full or in part, of borrowings availed by the Company from banks and financial institutions.
• Funding the Company’s working capital requirements.
• Funding general corporate purposes.