Carver Roboweld and Ajwa Projects shares debut on BSE SME platform
Carver Roboweld shares listed at a 12.5 per cent premium on Wednesday, while Ajwa Projects also made its market debut.
Shares of two SME IPOs, Carver Roboweld and Ajwa Projects, made their debut on the BSE SME platform on Wednesday, November 4, 2026. According to The Economic Times, the two public issues together raised approximately Rs 66.34 crore.
Carver Roboweld shares listed at Rs 90 apiece, representing a 12.5 per cent premium over its initial public offering price of Rs 80 per share, according to Moneycontrol. Following the listing, the company's market capitalisation stood at approximately Rs 117.93 crore.
The Carver Roboweld IPO was a book-built issue worth Rs 28.29 crore consisting of a fresh issue of 35.36 lakh shares. The company plans to use Rs 11.99 crore of the proceeds for capital expenditure, primarily for purchasing welding robots, and Rs 8.60 crore for the repayment or prepayment of borrowings.
The Ajwa Projects IPO was a fixed-price issue worth Rs 38.05 crore, comprising a fresh issue of 15 lakh shares and an offer for sale of 3.74 lakh shares. The company intends to use Rs 8.10 crore for capital expenditure, Rs 9.35 crore for debt repayment, Rs 4 crore for working capital, and Rs 4.43 crore for general corporate purposes.
The Ajwa Projects IPO was subscribed 1.12 times overall, while the Carver Roboweld IPO saw an overall subscription of 25.80 times. Both issues were open for subscription from October 28 to October 30, 2026.