Azad Engineering Limited IPO
Azad Engineering Limited IPO is listed on BSE and NSE, priced at ₹499–₹524 per share. The stock debuted at ₹720, delivering a listing gain of 37.4%. The IPO had a lot size of ₹28 shares and a minimum investment of ₹14,672.
Azad Engineering Limited IPO
- IPO Dates
- Dec 20, 2023 – Dec 22, 2023
- Price band
- ₹499-524 per equity share
- Minimum Investment
- ₹14,672
- Issue 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)
- Lot size
- 28
- Allotment Date
- Dec 26, 2023
- Listing
- Dec 28, 2023
- Listing At
- BSE, NSE
IPO timeline
-
Dec 20, 2023
Open Date
Completed
-
Dec 22, 2023
Close Date
Completed
-
Dec 26, 2023
Allotment Date
Completed
-
Dec 28, 2023
Listing Date
Completed
Price Summary
- Last closing
- 2,185.00 (316.98%)
- 52 week high
- 2,350.00
- 52 week low
- 1,360.00
- Last update
Azad Engineering Limited IPO Essentials
Azad Engineering Limited IPO Details
Azad Engineering Limited IPO is priced at ₹499-524 per share with a total issue size of 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). The IPO has a lot size of 28 shares and is listed on BSE and NSE.
- Issue price
- ₹499-524 per equity share
- Lot size
- 28 shares
- Face value
- ₹2 Per Equity Share
- Issue 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) - Listing at
- BSE, NSE
- List price
- 720.0(NSE)
- Listing date
- Registrar
- Kfin Technologies Limited
- Lead manager
-
Axis Capital Limited, ICICI Securities Limited, SBI Capital Markets Limited, Anand Rathi Securities Limited
Azad Engineering Limited IPO Analytics
Azad Engineering Limited IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Azad Engineering Limited IPO Subscription Status
Azad Engineering Limited IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| As on | QIB |
NII
bHNI
sHNI
|
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 |
5.83x
4.60x
8.31x
|
3.80 x | 3.18 x |
|
Day 2
21-12-23 05:00 PM
|
1.53 x |
23.54x
20.17x
30.28x
|
11.17 x | 11.11 x |
|
Day 3
22-12-23 05:00 PM
|
179.66 x |
87.54x
90.58x
81.45x
|
23.66 x | 80.57 x |
Azad Engineering Limited Valuations
Earnings
- EPS (Post IPO)
- ₹1.79/-
Returns
- RoNW
- 4.23%
Azad Engineering Limited Financials( In Crs.)
| 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | |
|---|---|---|---|
| Assets | 589.21 | 404.32 | 256.05 |
| Revenue | 261.52 | 199.26 | 125.03 |
| Profit After Tax | 8.47 | 29.46 | 11.50 |
Azad Engineering Limited Company & Offer Insights
About Azad Engineering Limited
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 Promoter(s)
Rakesh Chopda are the company's promoters of Azad Engineering Limited.
Azad Engineering Limited IPO Issue Objectives
- •
- Funding capital expenditure of the Company
- •
- Repayment/prepayment, in part or full, of certain of the borrowings availed by the Company
- •
- General corporate purposes.
Azad Engineering Limited IPO - Anchor Investors
Azad Engineering IPO: Anchor investors pick Rs 221 cr of shares ahead of issue opening.
Marquee investors showed interest in the company, including Abu Dhabi Investment Authority, Nippon Funds, ICICI Prudential Mutual Fund, Kotak Mahindra Trustee, Tata MF, Eastspring Investments, Bandhan MF, HDFC Life Insurance, Bajaj Allianz Life Insurance and Max Life Insurance.
Contact Information
Frequently Asked Questions
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Azad Engineering Limited IPO is a book-built IPO worth ₹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). The price band is ₹499–₹524 per share. The IPO opens on Dec 20, 2023 and closes on Dec 22, 2023. It will be listed on BSE and NSE. Kfin Technologies Limited is the registrar.
The price band of Azad Engineering Limited IPO is ₹499 to ₹524 per share.
The lot size of Azad Engineering Limited IPO is 28 shares.
The minimum investment for Azad Engineering Limited IPO is approximately ₹14,672 based on the upper price band .
Azad Engineering Limited IPO opens on Dec 20, 2023 and closes on Dec 22, 2023.
The allotment date of Azad Engineering Limited IPO is Dec 26, 2023.
Azad Engineering Limited IPO is expected to be listed on Dec 28, 2023, on BSE and NSE .
Azad Engineering Limited IPO listed on Dec 28, 2023. It was issued at ₹720.0(NSE) and is currently around ₹2185.00 as on 14-May-2026 3:30 PM, which is approximately 317.0% versus issue price. The 52-week high is ₹2,350.00.
Based on listing and post-listing performance, Azad Engineering Limited IPO delivered around 317.0% over issue price. Whether it was worth applying depends on your risk profile, allocation, and holding horizon.
To buy Azad Engineering Limited IPO shares after listing, log in to your broker app (such as Zerodha, Angel One, Groww, Upstox, ICICI Direct), search the stock symbol, place a delivery/CNC order, and confirm quantity and price.
Azad Engineering Limited IPO valuation snapshot: P/E N/A, EPS ₹1.79/-, P/B N/A, RoNW 4.23%, and market cap N/A.
To apply for Azad Engineering Limited IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Azad Engineering Limited IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Azad Engineering Limited IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Azad Engineering Limited IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Azad Engineering Limited IPO allotment status on IPO Ji for quick and easy access.