Azad Engineering Limited IPO
- IPO Date20 Dec, 2023 to 22 Dec, 2023
- Listing Date28 Dec, 2023
- Face Value₹2 per share
- Issue Price₹499 to ₹524 per share
- Lot Size28 Shares
- Minimum Investment₹14,672
- Listing AtBSE, NSE
- Total Issue Size1,41,22,138 Shares
(aggregating up to ₹740.00 Cr) - Fresh Issue45,80,153 Shares
(aggregating up to ₹240.00 Cr)
- Offer for Sale95,41,985 Shares
(aggregating up to ₹500.00 Cr) - Issue TypeBook Built Issue IPO
- Share holding pre issue5,45,32,842
- Shareholding post issue5,91,12,995
IPO Dates
Closing Date
22 Dec, 2023
Initiation of Refunds
27 Dec, 2023
Listing Date
28 Dec, 2023
20 Dec, 2023
Opening Date
26 Dec, 2023
Basis of Allotment
27 Dec, 2023
Credit of Shares
Azad Engineering Limited Lot Size
Investors can bid for a minimum of 28 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| S-HNI (Max) | 68 | 1904 | ₹9,97,696 |
| S-HNI (Min) | 14 | 392 | ₹2,05,408 |
| Retail (Min) | 1 | 28 | ₹14,672 |
| B-HNI (Min) | 69 | 1932 | ₹10,12,368 |
| Retail (Max) | 13 | 364 | ₹1,90,736 |
Azad Engineering Limited Promoter Holding
The promoter of the company is Rakesh Chopda.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 78.61% | 56.38% |
Key Performance Indicator
Azad Engineering IPO Market Cap is Rs 3097.52 Cr and P/E (x) is 292.74.
| KPI | Values |
|---|---|
| ROE | 4.2% |
| ROCE | 12.99% |
| RoNW | 4.23% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 292.74 | 1.79 |
| P/E (x) | 292.74 | 1.79 |
Azad Engineering Limited COMPANY INFORMATION
Azad Engineering IPO is a book built issue of Rs 740.00 crores. The issue is a combination of fresh issue of 0.46 crore shares aggregating to Rs 240.00 crores and offer for sale of 0.95 crore shares aggregating to Rs 500.00 crores. Azad Engineering IPO bidding started from December 20, 2023 and ended on December 22, 2023. The allotment for the Azad Engineering IPO is expected to be finalized on Tuesday, December 26, 2023. Azad Engineering IPO will list on BSE, NSE with tentative listing date fixed as Thursday, December 28, 2023. Azad Engineering IPO price band is set at ₹499 to ₹524 per share. The minimum lot size for an application is 28 Shares. The minimum amount of investment required by retail investors is ₹14,672. The minimum lot size investment for sNII is 14 lots (392 shares), amounting to ₹205,408, and for bNII, it is 69 lots (1,932 shares), amounting to ₹1,012,368. Axis Capital Limited, ICICI Securities Limited, SBI Capital Markets Limited and Anand Rathi Securities Limited are the book running lead managers of the Azad Engineering IPO, while Kfin Technologies Limited is the registrar for the issue. Refer to Azad Engineering IPO RHP for detailed information.
Incorporated in 1983, 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.
FAQs About Azad Engineering Limited Ipo
Azad Engineering Limited IPO will open on 20 Dec, 2023 and close on 22 Dec, 2023. Investors must apply within this period to participate.
The Azad Engineering Limited IPO price band is set between ₹499.00 and ₹524.00 per share. The minimum lot size is 28, requiring an investment of at least ₹14672.00.
The Azad Engineering Limited IPO shares are expected to be listed on 28 Dec, 2023, subject to regulatory approvals and final allotment.
You can track your Azad Engineering Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Azad Engineering Limited IPO will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.