Ad www.AngelOne.in
FREE Account Opening + Zero AMC Fees* + MutualFund SIP1
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
Ad www.AngelOne.in
IPO Status: Listed [20th Dec 2023 to 22nd Dec 2023]
Azad Engineering IPO, a Mainline IPO of ₹740.00 Cr was launced on 20-12-2023 to 22-12-2023 and the shares got listed on BSE, NSE on 28-12-2023.
The public issue of Azad Engineering IPO (AZAD,544061) was offered at ₹524.00 per share and the ipo was listed at ₹720. It has delivered listing gain of 37.40%.
As the minimum lot size was 28 shares, the IPO has offered Rs 5488 per lot return on listing.
| IPO Issue Opening Date: | 20th Dec 2023 |
| IPO Issue Closing Date: | 22nd Dec 2023 |
| IPO Issue Price: | ₹499.00-524.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | BSE, NSE |
| Retail Quota: | Not less than 35% of the Net Issue |
| IPO Issue Type: | Book Build Issue |
| IPO Issue Size: | ₹740.00 Cr |
| Offer for Sale: | ₹500.00 Cr |
| Fresh Issue: | ₹240.00 Cr |
| Face Value: | ₹2 Per Equity Share |
| IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 78.61% |
| Promoter Holding Post IPO: | 56.38% |
| Allotment Status: | Allotment Status |
| BSE Code: | 544061 |
| NSE Code: | AZAD |
Get important updates regarding Azad Engineering IPO tentative timeline covering IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 26th Dec 2023 |
| Refunds Initiation* | 27th Dec 2023 |
| Credit of Shares to Demat* | 27th Dec 2023 |
| IPO Listing Date* | 28th Dec 2023 |
* - Tentative Dates
| IPO Activity | Date |
|---|---|
| Issue Price | ₹499.00-524.00 |
| Market Lot: | 28 Shares |
| 1 Lot Amount: | ₹14672 |
| Min Small HNI Lots(2-10 Lakh): | 392 shares (14 lots) |
| Min Big HNI Lots(10+ Lakh): | 1932 shares (69 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 28-12-2023 | 524.00 | 195 | 4100/57400 | ₹719 (37.21%) | 28-Dec-2023 9:32 |
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Azad Engineering Limited, founded in 1983, is a leading manufacturer of qualified product lines supplied to global original equipment manufacturers (OEMs) in the energy, aerospace, defence, and oil and gas industries. The company manufactures highly engineered, complex, mission, and life-critical components such as 3D turbine blades and other critical components for gas, nuclear, and heat turbines used in industrial applications, power generation, and defence and civil aircraft and spacecraft.
Since its inception, the company has supplied its products to countries such as the USA, China, Europe, the Middle East, and Japan. The demand for such forged and machined precision components is driven by the requirements associated with energy turbines (industrial, gas, nuclear, and coal turbines) and aircraft (civil and military), among others.
The company's broad product range covers the energy, aerospace, defence, and oil and gas industries. The products manufactured are highly engineered, complex, mission and life-critical precision forged and machined components. These products make the company a strategic partner for original equipment manufacturers in the industries in which they operate. (Grammarly, 2023)
| Incorporation | Sector | IPO Issue Size | Website |
| 1983 | Aerospace & Defense | ₹740.00 Cr | https://www.azad.in/ |
The Net Proceeds of the Fresh Issue are proposed to be utilized in the following manner:
Our experts can help you prepare for SME IPO
The table below is live update of IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 2,809,155 (28.57%) | 2,106,866 (21.43%) | 4,916,021 (50%) | 9,832,042 | |
| 1 | 20th Dec 2023 19:04 | 0.05x | 6.38x | 4.23x | 3.51x |
| 2 | 21st Dec 2023 19:04 | 1.53x | 24.36x | 11.76x | 11.59x |
| 3 | 22nd Dec 2023 19:04 | 179.64x | 90.24x | 24.51x | 83.04x |
Azad Engineering Limited's revenue increased by 31.24% and profit after tax (PAT) dropped by -71.24% between the financial year ending with March 31, 2023 and March 31, 2022.
| 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 |
| Amount in ₹ Crore | ||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Azad Engineering Limited | 1.79 | 1.79 | 42.3 | 4.23 | Consolidated | |
| MTAR Technologies Limited | 33.62 | 33.62 | 201.13 | 67.85 | 16.72 | Consolidated |
| Paras Defence and Space Technologies Limited | 9.25 | 9.25 | 10.6 | 77.5 | 8.69 | Consolidated |
| Dynamatic Technologies Limited | 67.32 | 67.32 | 79.47 | 88.73 | 7.93 | Consolidated |
| Triveni Turbine Limited | 5.97 | 5.97 | 23.83 | 75.64 | 25.47 | Consolidated |
Last Updated on 01-Jan-2024 06:02:43
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Azad Engineering IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Azad Engineering IPO with Zerodha.
Alternate approch to apply in Azad Engineering IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Azad Engineering IPO Review and Important Updates
Other relevant questions :
How to subscribe Azad Engineering IPO Zerodha? How to purchase Azad Engineering IPO on Zerodha? Azad Engineering IPO how to buy Zerodha? Azad Engineering IPO Zerodha apply. Azad Engineering IPO purchase Zerodha. Azad Engineering IPO with Zerodha. Azad Engineering IPO at Zerodha. Azad Engineering IPO kite Zerodha. Azad Engineering IPO using Zerodha. Azad Engineering IPO via Zerodha.
To subscribe or apply in Azad Engineering IPO, you can use the following methods:
| Azad Engineering IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Azad Engineering IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Azad Engineering IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Azad Engineering IPO. Most of the Syndicate Banks provide access to apply in Azad Engineering IPO via ASBA process. You must have your net banking access, DP ID information to apply in Azad Engineering IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Azad Engineering IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Azad Engineering IPO Review and Important Updates
Other relevant question on same topics are:
Where to subscribe Azad Engineering IPO? Where to apply for Azad Engineering IPO? How to subscribe Azad Engineering IPO online? Azad Engineering IPO where to apply? Where to buy Azad Engineering IPO online? How to buy Azad Engineering IPO online? How to purchase Azad Engineering IPO? How to get Azad Engineering IPO? How to book Azad Engineering IPO? How to invest Azad Engineering IPO? Azad Engineering IPO kaise buy kare?
Applying in Azad Engineering IPO is very easy and quick process via ASBA. You can use your net banking user id and password to apply in IPO. In case you want to submit physical application, you can download Azad Engineering IPO application online and submit to the nearest bank or to your broker. With new mandate from SEBI, all physical application need to use UPI mode of payment. In such case you have to setup UPI and provide your UPI information in physical application. Once your bank receives your application they will use UPI ID to block your money. You will get UPI mandate and need to approve the same to submit your application.
For more details on how to use UPI payment method to apply Azad Engineering IPO, please refer article >> Link
Azad Engineering IPO Review and Important Updates
Steps to download the online application form for Azad Engineering IPO
Or
Other relevant questions:
How to fill Azad Engineering IPO form? How to fill Azad Engineering IPO form online? Azad Engineering IPO online form? Azad Engineering IPO online form fill up? Azad Engineering IPO blank form download? Azad Engineering IPO bid form? Azad Engineering IPO full form? Azad Engineering IPO form nse? Azad Engineering IPO form bse? Azad Engineering IPO form online? Azad Engineering IPO form print? Azad Engineering IPO application amount?
Azad Engineering IPO is going to be list on 28-12-2023. NSE Code for Azad Engineering is AZAD. BSE Code for Azad Engineering is 544061.
Other relevant questions:
When Azad Engineering IPO will be listing? Azad Engineering IPO NSE listing date?Azad Engineering IPO date of listing.Azad Engineering IPO BSE listing date?
Azad Engineering IPO Allotment Date is 26-12-2023.
Other relevant questions:
Azad Engineering IPO share allotment date?Azad Engineering IPO allotment date?
