IPO

Azad Engineering Limited IPO

Mainboard

Heavy Electrical Equipment

Listed On: Dec 28, 2023 at ₹ 720.0(NSE)

₹ 14672 /28 Shares

Check Allotment

20 Dec, 2023

Open Date

22 Dec, 2023

Close Date

26 Dec, 2023

Allotment Date

28 Dec, 2023

Listing Date
Price Summary

Last Closing

1,616.10 (208.42%)

52 Week High

1,929.80

52 Week Low

1,159.45

Last Update

19-Dec-2025 3:30 PM
Azad Engineering Limited IPO Issue Details
  • Issue Price ₹499-524 per equity share
  • Face Value ₹2 Per Equity Share
  • Issue Price 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 2023-12-28
  • Lead Manager Axis Capital Limited
    ICICI Securities Limited
    SBI Capital Markets Limited
    Anand Rathi Securities Limited
  • Registrar Kfin Technologies Limited
Azad Engineering Limited IPO Details
  • Retail Portion 35% (Number of Retail Applications: 1,75,573 Approx),
    (Number of S-HNI Applications : 1,792 Approx),
    (Number of B-HNI Applications : 3,583 Approx)
Azad Engineering Limited IPO Documents
DRHP
RHP
ANCHOR
Azad Engineering Limited IPO Details


The IPO of Azad Engineering Limited is priced at ₹499-524 per equity share, which has a face value of ₹2 Per Equity Share each, IPO bidding starts from Dec 20, 2023 and ends on Dec 22, 2023. The allotment for Azad Engineering Limited IPO will be finalized on Dec 26, 2023. Azad Engineering Limited IPO will be listed on BSE, NSE, with a tentative listing date fixed as Dec 28, 2023. The company shall list its equity shares on the BSE, NSE. Kfin Technologies Limited is the registrar of the issue.

The book-running lead manager for the IPO is/are Axis Capital Limited, ICICI Securities Limited, SBI Capital Markets Limited, Anand Rathi Securities Limited.


The Azad Engineering Limited IPO sets its price band at 499-524 for each share. A single application for Azad Engineering Limited IPO must contain at least 28 shares.

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Azad Engineering Limited IPO Subscription Analysis And Details
Retail
23.66x
QIB
179.66x
NII
87.54x
bNII
90.58x
sNII
81.45x
Total
80.57x
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
Total No of Applications
3,928,255
Azad Engineering Limited Valuations
Earnings Per Share (EPS) ₹1.79/-
P/E Ratio N/A
RoNW 4.23%
Net Asset Value (NAV) - As on 31.03.22 ₹N/A
Azad Engineering Limited Company Financials
In Crs.
In Cr.
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
About Azad Engineering Limited 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.

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Azad Engineering Limited - Promoter(s)

Rakesh Chopda

Pre Issue Share Holding : N/A%

Post Issue Share Holding : N/A%

Azad Engineering Limited IPO - Issue Objectives
1

Funding capital expenditure of the Company

2

Repayment/prepayment, in part or full, of certain of the borrowings availed by the Company

3

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.