📅Offer Date: 20 Dec 2023 – 22 Dec 2023
Data sourced from BSE & NSE · Last updated
Azad Engineering Limited IPO was subscribed 80.57x in total when bidding closed on 22 Dec 2023, with 179.66x in the QIB category, 87.54x in NII, 23.66x in retail. The issue ran from 20 Dec 2023 to 22 Dec 2023 at a price band of ₹499.00–₹524.00 per share.
Times subscribed by category against the 1× line.
Based on retail subscription (23.66x). Final allotment decided by registrar's computerised lottery.
| Category | Offer | Applied | Times |
|---|---|---|---|
| QIBs | 28,09,155 | 50,46,92,787 | 179.66x |
| NIIs | 21,06,866 | 18,44,35,050 | 87.54x |
| SNIIs (<10L) | 7,02,289 | 5,72,01,439 | 81.45x |
| BNIIs (>10L) | 14,04,577 | 12,72,26,585 | 90.58x |
| Retail | 49,16,021 | 11,63,13,057 | 23.66x |
| Total | 98,32,042 | 79,21,67,624 | 80.57x |
| Category | Offered | Demand | Times |
|---|---|---|---|
| QIBs | 147.20 | 26445.90 | 179.66x |
| NIIs | 110.40 | 9664.40 | 87.54x |
| Retail | 257.60 | 6094.80 | 23.66x |
| Total | 515.20 | 42205.10 | 80.57x |
Values derived from share count × issue price (₹524.00)
Because Azad Engineering Limited closed oversubscribed, allotment follows the applicable category and exchange rules. A high subscription figure reflects strong demand but does not guarantee a premium listing, and a low figure does not guarantee a discount. This page is for information only and is not investment advice.
BSE, NSE listed · Bidding data sourced from BSE & NSE under SEBI ICDR regulations.