Azad Engineering IPO Allotment Status 2023: Ready to Check?

Azad Engineering IPO Allotment Status: Ready to Check? Azad Engineering’s long-awaited IPO has made waves, boasting an incredible 80.65 times oversubscription rate! If you applied for their public offering, chances are you’re anxiously waiting to know your allotment status. Not to worry though; our comprehensive guide is here to guide you through this complex process, explain any jargon used and answer all of your queries about getting those desired Azad Engineering shares!

When will the Azad Engineering IPO allotment status be announced?

Official announcement of allotment is anticipated for December 26th 2023 as per the red-herring prospectus, making investors eagerly await this date.

Azad Engineering IPO Allotment Status
IPO Bidding ClosesDecember 22, 2023
Allotment FinalizationDecember 26, 2023
Refund InitiationDecember 27, 2023
Demat Account CreditDecember 27, 2023
Listing DateDecember 28, 2023

Where can I check my Azad Engineering IPO allotment status?

Once the allotment is finalized, you can check your status through several channels:

  • KFin Tech website: The official registrar to the issue, KFin Technologies Ltd., will host the allotment status on their website. You can access it directly through the link: or by selecting the Azad Engineering IPO from the dropdown menu.
  • Demat account: Your Demat account provider might also display the allotment status within your account portal.

What information do I need to check my Azad Engineering IPO allotment status?

For purposes of checking allotment status, you will require either your PAN card number, application number or DP client ID to access and retrieve specific application details and verify allotment.

What happens if I receive shares in the Azad Engineering IPO?

If you purchase shares in the Azad Engineering IPO, your Demat account will be credited on December 27th 2023 and then they can be held or traded on the stock exchange starting December 28th 2023.

What Happens After the Allotment?

Demat Account Credit and Refund Initiation

  • If you receive allotment: The allotted shares will be credited to your Demat account on December 27, 2023. If you received more shares than were allocated to you, any excess amount will be returned directly back into your bank account within two working days (typically by December 27).
  • If you don’t receive allotment: The entire application amount will be refunded to your bank account within two working days (usually by December 27, 2023).


  • As with many highly subscribed IPOs like Azad Engineering, allotment decisions may be decided randomly.
  • Even if you applied for multiple lots, they may not all come through.
  • Remain patient and wait for an official announcement before drawing any definitive conclusions.

Azad Engineering IPO Allotment Status: FAQs

What is the grey market premium for Azad Engineering shares?

As of December 24, 2023, Azad Engineering shares were trading at an unofficial grey market premium of Rs. 375 per share on December 24. This represents a 72% premium over their upper price band of Rs. 524; however, please keep in mind that grey market prices do not represent actual listing prices.

What is the lock-in period for Azad Engineering shares?

There is no lock-in period for Azad Engineering shares for retail investors. However, promoters and anchor investors will be subject to a lock-in period of 180 days.

What are the risks of investing in Azad Engineering IPO?

Like any investment, there are risks involved in investing in Azad Engineering IPO. Some potential risks include:
Market Volatility: Stock markets can be unpredictable and the share price of Azad Engineering could change quickly and significantly.
Company-Specific Risks: Azad Engineering’s success relies upon various elements, such as its ability to execute its business plan, manage competition effectively and remain profitable.
IPO Risks: Initial public offerings (IPOs) can be risky as there is no assurance that shares will list at a premium or perform optimally once listed.


We hope this article provides all of the necessary information for checking your Azad Engineering IPO allotment status. Stay tuned for its official announcement on December 26th & we wish you the best of luck!

Disclaimer: This article should only be taken as general purpose & should not be treated as financial advice. Before making any investment decisions based on this information provided in this article, always seek a qualified financial adviser opinion first.

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