The Azad Engineering IPO date has been confirmed as December 20, 2023, and closes on December 22, 2023. Read the post to learn about Azad Engineering Limited IPO GMP.
Azad Engineering plans to raise Rs 740.00 crores through an initial public offering. The price range is ₹499 to ₹524 per share. The minimum lot size for an application is 28 shares. The minimum investment for retail investors is ₹14,672. The minimum lot size investment for sNII is 14 lots (392 shares), equating to ₹205,408, while for bNII, it is 69 lots (1,932 shares), equal to ₹1,012,368.
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Key Details Of Azad Engineering Limited IPO:
Bidding Dates
December 20-22
Price Range
₹499 to ₹524 per share
Face Value
₹10 per share
GMP
₹375
Azad Engineering IPO GMP
The Azad Engineering Limited IPO GMP Today is ₹375.
Azad Engineering IPO Overview
Azad Engineering’s IPO is a Rs 740.00 crore book-built issuance. The offering consists of a new issuance of Rs 240.00 crores and an offer to sell Rs 500.00 crores. The Azad Engineering IPO begins on December 20, 2023 and ends on December 22, 2023. The Azad Engineering IPO allocation will be completed on Tuesday, December 26, 2023. Azad Engineering’s IPO will be listed on both the BSE and the NSE, with a tentative listing date of Thursday, December 28, 2023.
Azad Engineering’s IPO price range is ₹499-524 per share. An application requires a minimum lot size of 28 shares. Retail investors must invest a minimum of ₹14,672. The minimum lot size investment for sNII is 14 lots (392 shares), or 205,408, whereas the minimum investment for bNII is 69 lots (1,932 shares), or 1,012,368. The selling of blades for the energy industry generated ₹1,142.92 million in revenue as of September 30, 2023. Customers include people from the United States, China, Europe, the Middle East, and Japan. Azad Engineering is situated in Hyderabad, Telangana, India, and employs 201 and 500 people.
Azad Engineering IPO Details
| IPO Date | December 20, 2023 to December 22, 2023 |
| Listing Date | [.] |
| Face Value | ₹2 per share |
| Price Band | ₹499 to ₹524 per share |
| Lot Size | 28 Shares |
| Total Issue Size | [.] shares (aggregating up to ₹740.00 Cr) |
| Fresh Issue | [.] shares (aggregating up to ₹240.00 Cr) |
| Offer for Sale | [.] shares of ₹2 (aggregating up to ₹500.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 54,532,842 |
Azad Engineering Limited Financial Information
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 636.63 | 589.21 | 404.32 | 256.05 |
| Revenue | 169.54 | 261.52 | 199.26 | 125.03 |
| Profit After Tax | 26.89 | 8.47 | 29.46 | 11.50 |
| Net Worth | ||||
| Reserves and Surplus | 221.14 | 202.51 | 118.88 | 89.42 |
| Total Borrowing | 324.94 | 300.60 | 197.18 | 87.71 |
Azad Engineering IPO Timeline
| IPO Open Date | Wednesday, December 20, 2023 |
| IPO Close Date | Friday, December 22, 2023 |
| Basis of Allotment | Tuesday, December 26, 2023 |
| Initiation of Refunds | Wednesday, December 27, 2023 |
| Credit of Shares to Demat | Wednesday, December 27, 2023 |
| Listing Date | Thursday, December 28, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 22, 2023 |
Company Profile
Azad Engineering Limited produces aeronautical components and turbines. Original equipment manufacturers (OEMs) in the aerospace, defence, energy, and oil and gas industries use the company’s products. The products of Azad Engineering are highly engineered, sophisticated, mission crucial, and vital. In Hyderabad, Telangana, India, the company operates four production plants. These facilities have a total production area of roughly 20,000 square metres and can produce high-precision forged and machined components. The company also
intends to establish two further production sites at Tuniki Bollaram village in Siddipet district, Telangana, and Mangampet village in Sangareddy district, Telangana. The overall production area of these plants will be 94,898.78 and 74,866.84 square metres, respectively.
Registrar Info
| Name | Kfin Technologies Limited |
| Phone number | 04067162222, 04079611000 |
| Email ID | [email protected] |
| Website | kosmic.kfintech.com |
Contact Details
| Name | Azad Engineering Limited |
| Phone number | +91 40 2309 7007 |
| Email ID | [email protected] |
| Website | azad.in |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
Azad Engineering IPO FAQs
When Azad Engineering IPO will open?
The Azad Engineering IPO opens on December 20, 2023 and closes on December 22, 2023.
What is the lot size of Azad Engineering IPO?
Azad Engineering IPO lot size is 28 Shares, and the minimum amount required is ₹14,672.
When is Azad Engineering IPO listing date?
The Azad Engineering IPO listing date is not yet announced. The tentative date of Azad Engineering IPO listing is Thursday, December 28, 2023.
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