Azad Engineering – Are you looking for Azad Engineering IPO GMP / Grey Market Premium and Kostak rate? You are at the right place, here you will get the latest Azad Engineering IPO GMP live.
The public issue of Azad Engineering will open on December 20, 2023 and remain open until December 22, 2023 for bidding. It has set the price band at approximately approximately ₹499 to ₹524 per equity share and expects to raise ₹740.00 crore.
Ahead of Azad Engineering opening date, grey market indicators are pointing to positive developments.
Azad Engineering IPO GMP
Azad Engineering Grey Market Premium (GMP) is currently at ₹195 , indicating the demand for the company's shares in the unofficial market.
Azad Engineering IPO price band
The price band for Azad Engineering initial public offering (IPO) has been set at ₹499 to ₹524 per equity share, offering potential investors a range within which they can place their bids.
Azad Engineering IPO date
Starting from December 20, 2023, the IPO will be open for bidders to participate, and it will remain open until December 22, 2023, providing a limited window for interested parties to take part in the offering.
Azad Engineering IPO size
With an ambitious goal of raising ₹740.00 Crores, Azad Engineering is poised to make a significant impact in the financial markets through its IPO.
Azad Engineering IPO lot size
Investors can apply for the IPO in lots, with each lot comprising 28 shares, allowing them to tailor their investment based on their financial capacity and strategic objectives.
Azad Engineering IPO application limit
The application limit for the IPO is set at a minimum of 1 lot for bidders, while retail investors have the opportunity to apply for up to 1 lots, offering flexibility in participation.
Azad Engineering IPO allotment date
The tentative schedule for the allotment of Azad Engineering IPO shares is December 26, 2023, providing a timeline for successful bidders to receive their allocated shares.
Azad Engineering IPO listing
Azad Engineering aims to list its shares on December 28, 2023, subject to market conditions, with plans to list on both the BSE and NSE, signaling a significant milestone for the company.
Azad Engineering IPO registrar
Kfin Technologies Limited has been entrusted with the crucial role of serving as the registrar for Azad Engineering, ensuring a smooth and efficient process for all stakeholders involved.
Investors and market analysts are closely monitoring the developments surrounding Azad Engineering IPO, as it presents an opportunity to gauge the market's response to the company's offering. The subscription data and final oversubscription figures will provide valuable insights into the demand for Azad Engineering‘s shares and the overall investor sentiment.
Azad Engineering IPO is generating considerable interest due to the company's strong presence in the engineering and design services sector, as well as its diverse client base spanning various industries. Additionally, the IPO's performance will be indicative of investor confidence in the broader economic outlook and the attractiveness of the Indian capital markets.
As the IPO progresses through its various stages, prospective investors will closely analyze factors such as the company's financial performance, growth prospects, and competitive positioning to make informed decisions about participating in the offering. This heightened interest is expected to contribute to robust trading activity following the listing of Azad Engineering shares.
The successful execution of Azad Engineering IPO is anticipated to further bolster the company's financial position and provide funds for strategic initiatives, expansion plans, and potential acquisitions. Moreover, it will offer an opportunity for retail investors, institutional investors, and other market participants to gain exposure to a prominent player in the engineering and design services sector.
Overall, Azad Engineering IPO is poised to make a significant impact on the Indian markets, and its outcome will be closely observed as a barometer of investor confidence and market dynamics.