Azad Engineering Limited IPO

Mainboard

Heavy Electrical Equipment

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

₹ 14672 /28 Shares

Check Allotment

Price Summary

Last Closing

1,581.90 (201.89%)

52 Week High

2,080.00

52 Week Low

642.40

Last Update

22-Nov-2024 3:30 PM

Azad Engineering Limited IPO Details

20 Dec, 2023

Open Date

22 Dec, 2023

Close Date

26 Dec, 2023

Allotment Date

28 Dec, 2023

Listing Date

Issue Price

₹499-524 per equity share

Face Value

₹2 Per Equity Share

Listing at Group

BSE, NSE

Registrar

Kfin Technologies Limited

List Price

720.0(NSE)

Listing Date

2023-12-28

Market Lot

Retail : 28 Shares (₹14,672/-)
S-HNI : 392 Shares (₹2,05,408/-)
B-HNI : 1,932 Shares (₹10,12,368/-)

Lead Manager

Axis Capital Limited
ICICI Securities Limited
SBI Capital Markets Limited
Anand Rathi Securities Limited

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)

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)

Subscription

80.57 times

IPO Docs

DRHP RHP ANCHOR

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

Total No. of Applications: 3,928,255 (Approx)

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 All values are 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 The 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 - Promoter(s)

Pre Issue Share Holding: N/A%

Post Issue Share Holding: N/A%

Company Promoter(s)

Rakesh Chopda

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.

Azad Engineering Limited IPO - FAQs

Ans. Azad Engineering Limited IPO is a Mainboard IPO. The issue is priced at ₹499-524 per equity share. The minimum order quantity is 28 Shares. The IPO opens on Dec 20, 2023, and closes on Dec 22, 2023. Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

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

Ans. The size of Azad Engineering Limited IPO is 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).

Ans. The IPO price band is set between ₹499-524 per equity share.

Ans. To apply for Azad Engineering Limited IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Azad Engineering Limited IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Azad Engineering Limited IPO is Dec 26, 2023.

Ans. The Azad Engineering Limited IPO will be listed on Dec 28, 2023.

Ans. Follow the steps to check the allotment status for Azad Engineering Limited IPO here.