Azad Engineering Limited
Book Built Issue IPO · NSE, BSE
- Price band
- ₹499 - ₹524
- Lot size
- 28 shares
- Issue amount
- ₹740 cr
- Total subscription
- 80.6×
- Opens
- 20 Dec 2023
- Closes
- 22 Dec 2023
- Allotment
- 26 Dec 2023
- Listing
- 28 Dec 2023
Offer at a glance
Issue overview
- Issue size
- 1,41,22,138 shares
- Face value
- ₹2 per share
- Minimum investment
- ₹13,972
- Fresh issue
- ₹240 cr
- Offer for sale
- ₹500 cr
- Registrar
- Kfin Technologies Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹14,672
- Issue type
- Book Built Issue IPO
- Shares before issue
- 5,45,32,842
- Shares after issue
- 0
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 28 | ₹14,672 |
| sHNI | 14 | 392 | ₹2,05,408 |
| bHNI | 69 | 1,932 | ₹10,12,368 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 147.18 | 26,443.06 |
| RETAIL | 265.33 | 6,290.93 |
| NIB | 113.71 | 9,955.38 |
| HNIs 2+ | 37.9 | 3,088.53 |
| HNIs 10+ | 75.81 | 6,866.86 |
| EMPLOYEES | 4.2 | 61.7 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Values |
|---|---|
| EPS | 1.79 |
| ROE | 4.2 |
| ROCE | 12.99 |
| RONW | 4.23 |
| PRE IPO(PE) | 292.74 |
| POST IPO(PE) | 57.58 |
Values and labels as reported in the issue data.
Company information
Company profile
Azad Engineering Limited manufactures high precision components and turbines mainly for aerospace, defense, energy, and oil and gas OEMs. Its products are complex, mission-critical and used in highly advanced applications. As of September 2023, the company earned ₹1,142.92 million from the sale of blades for the energy industry. Azad exports to multiple global markets including the USA, China, Europe, Middle East, and Japan. The company currently operates four manufacturing units in Hyderabad with a total area of around 20,000 square meters, and plans to set up two additional large facilities in Telangana. Azad Engineering is headquartered in Hyderabad and employs between 200 to 500 people.
Promoters
Rakesh Chopda
Registrar & documents
Lead manager
Axis Capital Limited, ICICI Securities Limited, SBI Capital Markets Limited, Anand Rathi Securities Limited
Registrar & contacts
Kfin Technologies Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
90/C, 90/D, Phase-1, I.D.A. Jeedimetla, Hyderabad 500055
+91 40 2309 7007
[email protected]Company website ↗Understanding AZAD IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.