Azad Engineering IPO Date, GMP, Price, Allotment Details, Review and Daily updates.

Azad engineering ipo’s initial public offering (IPO) will commence on December 20, with plans to raise Rs740 crores through this means. Azad Engineering stands out as a key manufacturer for global original equipment manufacturers (“OEMs”) across energy, aerospace, defense and oil and gas sectors, producing highly engineered complex mission and life critical components (Source: EY Report). Azad Engineering reported revenue of Rs262 crores for FY-2023 as opposed to revenues of Rs199 crores reported for FY-2022, setting their IPO price range from Rs499-524 per equity share, listing both on BSE and NSE exchanges.

Azad Engineering IPO

Azad Engineering IPO Details:

Azad Engineering has set its IPO launch date as December 20, with trading expected to commence shortly afterwards on December 22. They expect their IPO will raise around Rs740 crores through fresh issue of Rs240 crores and offer for sale up to 500 crores of Rs2 shares each; retail quota is 35% while QIB/HNI shares represent 50% and 15%, respectively.

Azad Engineering manufactures 3D rotating airfoils/ blade portions of turbine engines and other critical components used in gas, nuclear, thermal turbines for industrial use or energy generation as well as defense/civil aircraft and spaceships.

As of September 30th 2023, they generated revenue of Rs1,142.92 Million through sales to energy industry customers for airfoils/ blades used by energy industry OEMs (which represented 72.00% of their overall operations revenues), such as General Electric Company, Honeywell International Inc, Mitsubishi Heavy Industries Ltd, Siemens Energy Eaton Aerospace and Man Energy Solutions SE to name just some examples! Customers include global OEMs such as General Electric Company Honeywell International Inc. Mitsubishi Heavy Industries Ltd Siemens Energy Eaton Aerospace and Man Energy Solutions SE among many more.

Since our founding (Source: EY Report), they have supplied components to countries including the USA, China, Europe, the Middle East and Japan (sources). As such they form an essential link in OEM supply chains (Sources: EY Report). As a result of this growth they increased revenue from Rs1,240.00 million in Financial Year 2020 to Rs2,516.75 million by Financial Year 2023 at an average compound annual growth rate of 27% across these two years and had one of the highest adjusted EBITDA margins among major machined component manufacturers for key industries we service (sources EY Report).

Offer details and objectives:

The IPO, price in the range of ₹499-₹524 per share, aims to channel the fresh issue proceeds into strategic avenues. Azad Engineering plans to allocate ₹60.4 crore towards acquiring plant and machinery, alongside a significant portion of ₹138.19 crore for debt repayment

Azad Engineering IPO Dates & Band Price Details:

IPO Open:December 20, 2023
IPO Close:December 22, 2023
IPO Size:Approx ₹740 Crores
Fresh Issue:Approx ₹240 Crores
Offer for Sale:Approx ₹500 Crores
Face Value:₹2 Per Equity Share
IPO Price Band:₹499 to ₹524 Per Share
IPO Listing on:BSE & NSE
Retail Quota:35%
QIB Quota:50%
 NII Quota:15%
DRHP Draft Prospectus:Click Here
RHP Draft Prospectus:Click Here
Anchor Investors List:Click Here

Azad Engineering IPO Market Lot :

Azad Engineering IPO minimum market lot consists of 28 shares for Rs14,672, while retail investors may apply up to 13 lots (364 shares or Rs190,736) at once.

ApplicationLot SizeSharesAmount
Retail Minimum128₹14,672
Retail Maximum13364₹190,736
S-HNI Minimum14392₹205,408
B-HNI Minimum691,932₹1,012,368

Azad Engineering IPO Allotment & Listing Dates:

The Azad Engineering IPO date is December 20 and the close date is December 22. The Azad Engineering IPO allotment will be finalized on December 26 and the IPO listing on December 28.

Anchor Investors Allotment:December 19, 2023
IPO Open Date:December 20, 2023
IPO Close Date:December 22, 2023
Basis of Allotment:December 26, 2023
Refunds:December 27, 2023
Credit to Demat Account:December 27, 2023
IPO Listing Date:December 28, 2023

Company Financial Report : Click Here

  ₹ in Crores
YearRevenueExpensePAT
2021₹125₹109₹11.50
2022₹199₹159₹29.46
2023₹262₹248₹8.47
2024 6M₹170₹138₹26.89
CategoryDetails
Peer Group– MTAR Technologies Limited – Paras Defence and Space Technologies Limited – Dynamatic Technologies Limited – Triveni Turbine Limited
Company PromotersRakesh Chopdar
Azad Engineering IPO RegistrarRegistrar: KFin Technologies Limited – Tel: +91 40 6716 2222 – E-mail: [email protected]Website: www.kfintech.com
Azad Engineering IPO Allotment Status CheckCheck Here
Azad Engineering IPO Lead Managers– Axis Capital Limited – ICICI Securities Limited – SBI Capital Markets Limited – Anand Rathi Advisors Limited
Company AddressAddress: Azad Engineering Limited, 90/C, 90/D, Phase-1, I.D.A. Jeedimetla, Hyderabad 500 055, Telangana, India – Phone: +91 40 2309 7007 – Email: [email protected]Website: www.azad.in

Azad Engineering GMP (Gray Market Premium Today)

Azad Engineering IPO GMP numbers today as their Grey Market Premium (GMP), Kostak rates, and Subject to Sauda rates begin. Stay tuned for updates to their GMP number of their offering

Azad Engineering GMP

 As of now, the Grey Market Premium (GMP) for Azad Engineering’s Initial Public Offering (IPO) stands at Rs440 while Kostak Rate and subject-to-sauda rates for deals that may trade are Rs400 each and Rs9,000 respectively; investors considering participation can expect an impressive expected return of 83%; these numbers offer valuable insight into market sentiment and financial gains associated with Azad Engineering IPO participation for informed decisions regarding participation.

Read also: Yatra Online IPO: Date, Review, Price, Allotment Details for Investors

Read also:How to Check IPO Allotment Status 2023?

Azad Engineering IPO, GMP Live updated data with Kotak rates

DateGMPKostakSubject to
Today₹440₹400₹9,000
18 December₹380₹400₹8,000
17 December₹400₹-₹8,500
15 December₹-₹-₹-
14 December₹-₹-₹-

FAQ

What does Azad Engineering do?

Azad Engineering specialises in producing highly engineered precision-forged and machined components which are mission critical and life essential.

Who is the CEO of Azad Engineering?

Rakesh Chopdar Chairman and CEO, Azad Engineering Limited.


Is it good to invest in Azad Engineering IPO?

Though priced similarly with peers, analysts still advised investors to subscribe to Azad’s issue due to their strong track record and growth potential. “We anticipate Azad trading at a premium relative to peers; thus we recommend subscribing,” according to Nirmal Bangar of NCR Securities Ltd.

What is the highest package of Azad Engineering College?

12 lac per annum is my college’s maximum package per year for its students; 5-6 lac per year is average package and 2 lac is the bare minimum package at Biotechnika and Bharat Biotech respectively. Infrastructure Development/implementation For student growths/policies of Our college.

What is the revenue of Azad engineering?

In fiscal 2023, revenue from operations increased 31% year-on-year to Rs 261.70 crore while net profit declined 71% year-on-year to Rs 8.4 crore.

What is Azad Engineering IPO GMP Today?

The Azad Engineering IPO GMP aka Grey Market Premium is ₹440

What is Azad Engineering IPO Kostak Rates Today?

The Azad Engineering IPO Kostak Rate is ₹400.

Azad Engineering IPO Expected Returns?

The Azad Engineering expected return is 83%.

What is Azad Engineering IPO Subject to Sauda Price Today?

The Azad Engineering IPO subject to sauda rates is ₹9000.

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