Azad Engineering Limited

Azad Engineering Limited IPO

BSE, NSEClosed
Dec 20, 2023Open Date
Dec 22, 2023Close Date
TBAAllotment Date
Dec 28, 2023Listing Date

Subscription Details

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QIB179.66x
Retail23.66x
NIIs (Non-Institutional Investors)Main Category
87.54x

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bHNI (> ₹10L)

Bids above ₹10L

90.58x

sHNI (< ₹10L)

Bids ₹2L to ₹10L

81.45x

Overall Subscription

Total Bids Received

80.57x

Updated: 10 Jul, 06:09 pm

Azad Engineering Limited IPO Issue Details

Issue Price₹499-524 Per Equity Share
Face Value₹2 Per Equity Share
Listing AtBSE, NSE
Listing DateDec 28, 2023

Company Information

Azad Engineering Limited is a manufacturer of aerospace components and turbines. The company supplies its products to original equipment manufacturers (OEMs) in the aerospace, defense, energy and oil ...

Valuations

RoNW

4.23%

Financial Information (₹ in Crores)

MetricFY 23FY 22FY 21
Total Assets589.21404.32256.05
Total Revenue261.52199.26125.03
Profit After Tax8.4729.4611.5
Net Worth

* All figures are in ₹ Crores unless otherwise stated.

Objectives of the Issue

  1. 1Funding capital expenditure of the Company
  2. 2Repayment/prepayment, in part or full, of certain of the borrowings availed by the Company
  3. 3General corporate purposes.

Azad Engineering Limited – Promoter(s)

Rakesh Chopda

Contact Details

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Azad Engineering Limited IPO Documents

DRHP
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Frequently Asked Questions — Azad Engineering Limited IPO

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