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Azad Engineering Limited
Company websiteAzad Engineering Limited is launching an IPO sized at ₹1,41,22,138 crore. The raise comprises a fresh issue of ₹45,80,153 crore and an OFS of ₹95,41,985 crore, together representing roughly 28 shares.
Subscription is open from 20-12-2023 to 22-12-2023. The allotment is expected on 26-12-2023, and listing is targeted for 28-12-2023. Note: fresh issue proceeds typically go to the company while OFS proceeds go to selling shareholders.
Start Date20-12-2023
End Date22-12-2023
Listing Date28-12-2023
Allotment Date26-12-2023
Current Price₹720
GMP₹200 (38.17%)
Lot Size28 Shares
Subscription80.6 Times
Face Value₹2 per share
Listing atNSE, BSE
Issue Price₹499 - ₹524
Pre Issue₹5,45,32,842
Post Issue₹0
Issue Size₹1,41,22,138
(aggregating up to 740.00 Cr)
(aggregating up to 740.00 Cr)
Fresh Issue₹45,80,153
(aggregating up to 240.00 Cr)
(aggregating up to 240.00 Cr)
Offer For Sale₹95,41,985
(aggregating up to 500.00 Cr)
(aggregating up to 500.00 Cr)
The Grey Market Premium (GMP) for Azad Engineering Limited is currently around ₹200 (38.17%). This indicates an estimated listing price of approximately ₹699 based on the latest market sentiment. Please note that GMP values are unofficial and can change frequently as they depend on demand, market conditions, and investor activity.
Gmp Details
| Last Updated | IPO Price | GMP | Estimated Listing Price |
|---|---|---|---|
04 Nov 2025, 10:11 | ₹524 | ₹200 | ₹724 (38.17%) |
15 Mar 2025, 06:26 | ₹524 | ₹200 | ₹724 (38.17%) |
Financials overview In Crores
Here is a quick look at the recent financial performance of Azad Engineering Limited . The numbers below ( In Crores ) show how the company’s revenue and profits have changed over the last few years. This helps investors understand how strongly the business is growing and how stable its financial health is before applying for the IPO.
Key Performance
| KPI | Values |
|---|---|
EPS | 1.79 |
ROE | 4.2 |
ROCE | 12.99 |
RONW | 4.23 |
PRE IPO(PE) | 292.74 |
POST IPO(PE) | 57.58 |
Subscription Demand (in ₹ Crore)
| Category | Offered | Demand | Times |
|---|---|---|---|
QIBs | ₹147.18 | 26443.06 | 179.66 |
RETAIL | ₹265.33 | 6290.93 | 23.71 |
HNIs 2+ | ₹37.90 | 3088.53 | 81.49 |
HNIs 10+ | ₹75.81 | 6866.86 | 90.58 |
EMPLOYEES | ₹4.20 | 61.7 | 14.69 |
Total | ₹530.42 | 42751.08 | 80.60 |
The IPO reservation for Azad Engineering Limited shows how the total issue is divided among different investor categories. This includes allocations for Retail Investors, Qualified Institutional Buyers (QIBs), and Non-Institutional Investors (NIIs). Understanding the reservation structure helps investors know how much of the issue is set aside for their category before applying.
IPO Reservation
| Category | Shares Offers | No. of Shares |
|---|---|---|
Retail | 50.02% | 50,63,585 |
NII(HNI) | 21.44% | 21,70,108 |
QIB | 27.74% | 28,08,852 |
Employees | 0.80% | 80,160 |
TOTAL | 100.00% | 1,01,22,705 |
Lot(s) Distribution
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
Retail (Min) | 1 | 28 | ₹14,672 | |
sHNI | 14 | 392 | ₹2,05,408 | |
bHNI | 69 | 1,932 | ₹10,12,368 |
Below you can find the official contact details of Azad Engineering Limited along with the registrar handling the IPO process. This information helps investors reach out for queries related to the company or for checking the allotment status and application updates once the IPO process begins.
Company Details
Email: cs@azad.in
Phone: +91 40 2309 7007
Website: https://www.azad.in/
Address: 90/C, 90/D, Phase-1, I.D.A. Jeedimetla, Hyderabad 500055