Azad Engineering Limited
Mainboard₹14,672 / 28 Shares
Azad Engineering Limited IPO Details
The Azad Engineering Limited IPO price band is set between ₹499-524 per equity share, with a face value of ₹2 per share. The issue is managed by Kfin Technologies Limited, and the equity shares are proposed to be listed on the Mainboard.
The IPO date for subscription opens on 20 Dec, 2023 and closes on 22 Dec, 2023. Investors can check the allotment status on 26 Dec, 2023, while the listing date is tentatively scheduled for 28 Dec, 2023.
The total issue size is Total : ₹740 Cr :#Fresh Issue: 4,580,153 shares , aggregating up to ₹240.00 Cr. Stay tuned for the latest Azad Engineering Limited IPO review and GMP updates.
Azad Engineering Limited IPO Review, Rating & Analysis
Azad Engineering Limited IPO Review
NO REVIEWAzad Engineering Limited IPO Rating
Azad Engineering Limited IPO Highlights
IPO Date
Dec 20, 2023 - Dec 22, 2023
Listing Date
28 Dec, 2023
Face Value
₹2 Per Equity Share
Price Band
₹499-524 per equity share
Lot Size
28 Shares
Fresh Issue
Shares
Offer for Sale
-
Listing At
BSE, NSE
Azad Engineering Limited IPO Lot Size
The minimum market lot for Azad Engineering Limited IPO is 28 shares with an application amount of ₹14,672. Retail investors can apply for up to 13 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 28 | ₹14,672 |
| Retail (Max) | 13 | 364 | ₹1,90,736 |
| S-HNI (Min) | 14 | 392 | ₹2,05,408 |
| S-HNI (Max) | 68 | 1904 | ₹9,97,696 |
| B-HNI (Min) | 69 | 1932 | ₹10,12,368 |
Azad Engineering Limited IPO Timeline
Issue Price
₹499-524 per equity shareFace Value
₹2 Per Equity ShareListing at Group
BSE, NSERegistrar
Kfin Technologies LimitedLead Manager
Axis Capital LimitedICICI Securities LimitedSBI Capital Markets LimitedAnand Rathi Securities LimitedIssue Size
Total : ₹740 Cr :#Fresh Issue: 4,580,153 shares (aggregating up to ₹240.00 Cr)#Offer for Sale: 9,541,985 shares of ₹2 (aggregating up to ₹500.00 Cr)Azad Engineering Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31 Mar 23 | 589.21 | 261.52 | 8.47 | - | - | - |
| 31 Mar 22 | 404.32 | 199.26 | 29.46 | - | - | - |
| 31 Mar 21 | 256.05 | 125.03 | 11.50 | - | - | - |
All values are in ₹ Cr.
Promoters & Share Holding
Promoter(s) Name
- Rakesh Chopda
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| N/A% | N/A% |
About Company
Azad Engineering Limited is a manufacturer of aerospace components and turbines. The company supplies its products to original equipment manufacturers (OEMs) in the aerospace, defense, energy and oil and gas industries.
Azad Engineering's products are highly engineered, complex, mission critical and vital.
As of September 30, 2023, the company generated revenue of ₹1,142.92 million from the sale of blades for the energy industry. The company's customer base includes the USA, China, Europe, the Middle East and Japan.
The company has four manufacturing facilities in Hyderabad, Telangana, India. These facilities are capable of producing high precision forged and machined components and have a total production area of around 20,000 square meters. The company is also planning to set up two more manufacturing units at Tuniki Bollaram village in Siddipet district, Telangana and Mangampet village in Sangareddy district, Telangana. These plants will have a total production area of 94,898.78 and 74,866.84 square meters respectively.
Azad Engineering is headquartered in Hyderabad, Telangana, India, and employs 201-500 people.
Azad Engineering Limited IPO Subscription Details
| As on | QIB | NII bNII sNII | Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 2,809,155 | 2,106,866 1,404,577 702,289 | 4,916,021 | 9,832,042 |
Day 1 -20-12-23 05:00 PM | 0.05 x | 5.83 4.60 x 8.31 x | 3.80 x | 3.18 x |
Day 2 -21-12-23 05:00 PM | 1.53 x | 23.54 20.17 x 30.28 x | 11.17 x | 11.11 x |
Day 3 -22-12-23 05:00 PM | 179.66 x | 87.54 90.58 x 81.45 x | 23.66 x | 80.57 x |
Frequently Asked Questions about Azad Engineering Limited IPO
When will Azad Engineering Limited IPO open for subscription?
The Azad Engineering Limited IPO opens on 20 Dec, 2023 and closes on 22 Dec, 2023.
What is the investors portion for Azad Engineering Limited IPO?
The investors' portion for QIB is 179.66 x, NII is 90.58 x, and Retail is 23.66 x.
How to apply for Azad Engineering Limited IPO?
You can apply for Azad Engineering Limited IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of Azad Engineering Limited IPO?
The issue size of Azad Engineering Limited IPO is approx ₹Total : ₹740 Cr :#Fresh Issue: 4,580,153 shares (aggregating up to ₹240.00 Cr)#Offer for Sale: 9,541,985 shares of ₹2 (aggregating up to ₹500.00 Cr) crores.
What is the price band of Azad Engineering Limited IPO?
The price band for Azad Engineering Limited IPO is ₹499 to ₹524 per equity share.
What is the lot size of Azad Engineering Limited IPO?
The minimum bid (lot size) for Azad Engineering Limited IPO is N/A shares with an investment of approx ₹14,672 .
What is the allotment date of Azad Engineering Limited IPO?
The allotment date for Azad Engineering Limited IPO is 26 Dec, 2023.
What is the listing date of Azad Engineering Limited IPO?
The listing date for Azad Engineering Limited IPO is expected to be 28 Dec, 2023.
What is the GMP of Azad Engineering Limited IPO?
The latest Grey Market Premium (GMP) for Azad Engineering Limited IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.