Azad Engineering Limited

Azad Engineering Limited

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₹14,672(28 Shares)

Minimum Investment

IPO Dates

Dec 20, 2023 – Dec 22, 2023

Price Band

₹499–524 per equity share

Lot Size

28

Listing

Dec 28, 2023

Listing At

BSE, NSE

Dec 20, 2023Open DateCompleted
Dec 22, 2023Close DateCompleted
TBAAllotment DateUpcoming
Dec 28, 2023Listing DateCompleted

Azad Engineering Limited Live Subscription Details

All IPOs
QIB179.66x
Retail23.66x
NIIs
87.54x

NII Sub-Categories

bHNI (> ₹10L)

Bids above ₹10L

90.58x

sHNI (< ₹10L)

Bids ₹2L to ₹10L

81.45x

Overall Subscription

Total Bids Received

80.57x

Azad Engineering Limited IPO Issue Details

Issue Price
₹499-524 Per Equity Share
Face Value
₹2 Per Equity Share
Listing At
BSE, NSE
Listing Date
Dec 28, 2023

Company Information

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 ...

Valuations

RoNW

4.23%

Financial Information (₹ in Crores)

MetricFY 23FY 22FY 21
Total Assets589.21404.32256.05
Total Revenue261.52199.26125.03
Profit After Tax8.4729.4611.5
Net Worth

* All figures are in ₹ Crores unless otherwise stated.

Objectives of the Issue

  1. 1Funding capital expenditure of the Company
  2. 2Repayment/prepayment, in part or full, of certain of the borrowings availed by the Company
  3. 3General corporate purposes.

Azad Engineering Limited – Promoter(s)

Rakesh Chopda

Contact Details

Azad Engineering Limited IPO Documents

Frequently Asked Questions — Azad Engineering Limited IPO

The Azad Engineering Limited IPO price band is set at ₹499.00 to ₹524.00 per equity share.

The lot size for Azad Engineering Limited IPO is 28 shares per lot. The minimum investment amount is approximately ₹14,672.

The Azad Engineering Limited IPO opens on Dec 20, 2023 and closes on Dec 22, 2023.

Azad Engineering Limited IPO is expected to be listed on Dec 28, 2023 on BSE, NSE.

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