Azad Engineering Ltd
Price Range
₹499 - ₹524
Min. Quantity
28
Closes on
22 December 2023
Min. investment
₹14,672/364 Shares
Azad Engineering Ltd IPO Timeline
Azad Engineering Ltd was originally incorporated as Azad Engineering Private Limited' at Hyderabad, Telangana, as a Private Company, pursuant to the Certificate of Incorporation dated September 14, 1983, issued by Registrar of Company, Telangana at Hyderabad. The name of Company changed to Azad Engineering Limited' and a fresh Certificate of Incorporation dated September 5, 2023, was issued by the RoC.
| Event | Date |
|---|---|
| Azad Engineering Ltd IPO Opening Date | 20 December 2023 |
| Azad Engineering Ltd IPO Closing Date | 22 December 2023 |
| Basis of Allotment | 26 December 2023 |
| Initiation of Refunds | 27 December 2023 |
| Credit of Shares to Demat | 27 December 2023 |
| Azad Engineering Ltd IPO Listing Date | 28 December 2023 |
Azad Engineering Ltd IPO Details
| Azad Engineering Ltd IPO Date | 20 December 2023 to 22 December 2023 |
| Azad Engineering Ltd IPO Face Value | ₹2 per share |
| Azad Engineering Ltd IPO Price | ₹499 to ₹524 per share |
| Azad Engineering Ltd IPO Lot Size | 28 |
| Issue Size | Shares of ₹2 (aggregating up to ₹740 Cr) |
| Fresh Issue | Shares of ₹2 (aggregating up to ₹240 Cr) |
| Offer for Sale | Shares of ₹2 (aggregating up to ₹500 Cr) |
| Issue Type | (Book Built Portion) |
| Listing At | BSE, NSE |
| QIB Shares Offered | Not more than 28,08,852 of the Net Offer |
| Retail Shares Offered | Not less than 50,63,585 of the Net Offer |
| NII (HNI) Shares Offered | Not less than 21,70,108 of the Net Offer |
| Company Promoters | Rakesh Chopdar |
Azad Engineering Ltd IPO Lot Size
The Azad Engineering Ltd IPO lot size is 28 shares. A retail-individual investor can apply for up to 13 lots (364 shares or ₹1,90,736).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 28 | ₹14,672 |
| Maximum | 13 | 364 | ₹1,90,736 |
- Strengths
- Risks
- Opportunities
- Engineered for success and a preferred name in the manufacturing of highly engineered, complex, and mission and life- critical high precision components for global OEMs growing competition from China and Eastern Europe.
- Supplying to OEMs with high global market penetration.
- Long-standing and deep customer relationships.
- Advanced manufacturing facilities with a diverse range of products and solutions with focus on innovation and cost competitiveness.
- Consistent track record of financial performance.
Company Financials
Azad Engineering Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 797.08 | 372.76 | 58.58 |
| 03-2023 | 589 | 261.52 | 8.51 |
| 03-2022 | 404.11 | 197.82 | 28.00 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Funding capital expenditure of the company
- Repayment/prepayment in part or full of certain borrowings availed by the company
- General corporate purposes
Azad Engineering Ltd IPO Promoter Holding
| Pre Issue Share Holding | 77.46% |
| Post Issue Share Holding | 64.84% |
Azad Engineering Ltd IPO Subscription Status (Bidding Detail)
The Azad Engineering Ltd IPO is subscribed 80.65 times on 22 December 2023 05:00:00 PM. The public issue subscribed 23.79 times in the retail category, 179.66 times in the QIB category, and 87.61 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | 179.66 | 87.61 | 23.79 | 14.71 | 80.65 |
Azad Engineering Ltd IPO Prospectus
Azad Engineering Ltd IPO Listing Date
| Listing Date | 28 December 2023 |
| BSE Script | 544061 |
| NSE Symbol | AZAD |
| Listing In | BSE, NSE |
| ISIN | INE02IJ01035 |
| IPO Price | ₹524 |
| Face Value | ₹2 |
Company Contact Information
90/C 90/D Phase 1 I D AJeedimetla,Hyderabad-500055
Phone: +91 40 2309 7007
Email: cs@azad.in
Website: www.azad.in
Azad Engineering Ltd IPO Registrar
Azad Engineering Ltd IPO Lead Manager(s)
- Axis Capital Ltd
- ICICI Securities Ltd
- SBI Capital Markets Ltd
- Anand Rathi Advisors Ltd
FAQ
What is the issue size of Azad Engineering Ltd IPO?
I have pre-applied for Azad Engineering Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.