Azad Engineering IPO Review

 
Azad Engineering IPO Review

IPO Open Date: December 20, 2023

IPO Close Date: December 22, 2023

IPO Price: ₹499 to ₹524 per share

Lot Size: 28 Shares

Listing: December 28, 2023

Azad Engineering is scheduled to hit the market on December 20, 2023 and close on December 22, 2023. Azad Engineering plans to raise around ₹740.00 Cr through an IPO with a sale of up to 14,122,138 equity shares of ₹2 each. The Retail offered 35%, QIB Shares Offered 50%, HNI Shares Offered 15%.

Azad Engineering Limited specializes in the manufacturing of aerospace components and turbines, serving as a key supplier to original equipment manufacturers (OEMs) operating in diverse industries, including aerospace, defense, energy, and oil and gas.

The company's product portfolio is characterized by highly engineered, complex, mission-critical components, underscoring their significance in various industrial applications.

Azad Engineering


Azad Engineering IPO Details

Azad Engineering IPO opens on Dec 20 , 2023, and closes on Dec 22 , 2023. The Listing date for Azad Engineering IPO is on Dec 28, 2023. The price band for IPO is ₹499 to ₹524 per share and lot size of 28 Shares.

IPO DateDec 20 , 2023 to Dec 22, 2023
Listing DateDec 28, 2023
Price₹499 to ₹524 per share
Lot Size28 Shares
Issue Size₹740.00 Cr
Face Value₹2 per share

Azad Engineering IPO Tentative Timetable

Azad Engineering opening date is December 20, 2023 and close date is December 22, 2023. The IPO allotment date is December 26, 2023. The refund initiation of IPO is on December 27, 2023. The credit of shares in demat account is on December 27, 2023. The listing date is on December 28 , 2023.

EventDate
IPO OpeningDec 20, 2023
IPO ClosingDec 22, 2023
IPO Allotment DateDec 26, 2023
Refund InitiationDec 27, 2023
Shares Credit to DematDec 27, 2023
Lisiting DateDec 28, 2023

Azad Engineering IPO Lot Size

Lot Size of this IPO is 28 shares. A retail-individual investor can apply for up to 13 lots (364 shares or ₹190,736).

CategoryLotsSharesAmount
Retail(Minimum)128₹14,672
Retail(Maximum)13364₹190,736
S-HNI (Minimum)14392₹205,408
B-HNI (Minimum)691,932₹1,012,368

Azad Engineering IPO Promoter Holding

Pre Issue Share Holding78.61%
Post Issue Share Holding

Azad Engineering IPO Review

Azad Engineering Limited, a key player in the energy industry, has demonstrated a robust financial performance as of September 30, 2023. The company generated a significant revenue of ₹1,142.92 million from the sale of blades for the energy sector, serving a diverse customer base spanning the USA, China, Europe, the Middle East, and Japan. This underscores the global reach and market demand for Azad Engineering's precision-engineered products.

Azad Engineering Limited's financials reveal a notable 31.24% increase in revenue, demonstrating its growth trajectory. However, it's crucial to analyze the substantial drop of -71.24% in profit after tax (PAT) between the financial years ending March 31, 2023, and March 31, 2022. A comprehensive IPO review should delve into the factors influencing this drop and assess the company's strategies for maintaining profitability.

Key financial indicators, including a Price-to-Earnings (P/E) ratio of 292.74, Return on Capital Employed (ROCE) at 12.99%, Debt/Equity ratio of 1.47, Earnings Per Share (EPS) at ₹1.79, and Return on Net Worth (RoNW) of 4.23%, provide critical benchmarks for investors. Evaluating Azad Engineering's competitive positioning, technological edge, and plans for leveraging its expanded manufacturing capacity would be pivotal in shaping an informed investment decision.

Azad Engineering IPO Subscription Status (Bidding Details)

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Azad Engineering IPO Broker Recommendations

  • Capital Market: To be updated soon
  • Anand Rathi: To be updated soon
  • SMC Global: To be updated soon
  • Arihant Capital: To be updated soon

Azad Engineering IPO FAQs

What is Azad Engineering IPO?

Azad Engineering is issuing 14,122,138 equity shares with a face value of ₹2 each, totaling up to ₹740.00 Cr. The shares are being offered at a price of ₹499 to ₹524 each, with a minimum order quantity of 28 shares.

Kfin Technologies Limited is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.

When Azad Engineering IPO will open?

Azad Engineering will open on December 20 , 2023 for QIB, NII, and Retail Investors.

When Azad Engineering IPO will end?

Azad Engineering will end on December 22, 2023.

What is Azad Engineering IPO Size?

Azad Engineering IPO size is ₹740.00 Cr.

What is Azad Engineering IPO Price Band?

Azad Engineering price band is ₹499 to ₹524 per share.

What is the Azad Engineering IPO Allotment Date?

Azad Engineering allotment date is December 26, 2023.

What is the Azad Engineering IPO Listing Date?

Azad Engineering listing date is December 28, 2023. The IPO is to be listed on BSE and NSE.

How to Apply Azad Engineering IPO through Zerodha?

To apply for the IPO “Azad Engineering” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.

How to Apply Azad Engineering IPO through Upstox?

To apply for the IPO “Azad Engineering” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.

How to check Azad Engineering IPO Allotment Status?

For Azad Engineering IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.

What is Azad Engineering IPO GMP?

You can check out here: Azad Engineering IPO GMP

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I'm tech-savvy, loves to write about saving, investing and proper financial planning. Also, I am a blogger, share everything with 100% transparency and the best of my knowledge.

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