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AZADEQ / NSE, BSEListed
Azad Engineering

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.

DRHPANCHOR
₹499 - ₹52480.6x sub
Listed Price₹720.00
Listing Gain+37.40%

IPO Schedule & Timeline

Book Built Issue IPO
Open20 Dec 2023
Close22 Dec 2023
Allotment26 Dec 2023
Listing28 Dec 2023

Quota Reservation & Application Lots

Quota Reservation (% Shares)

Retail50,63,585 shares
35.86%
Nii(hni)21,70,108 shares
15.37%
QIB28,08,852 shares
19.89%
Employees80,160 shares
0.57%

Minimum Application Lots

Retail1 Lot (28 shares)
₹14,672
sHNI14 Lots (392 shares)
₹2,05,408
bHNI69 Lots (1,932 shares)
₹10,12,368

Company Promoters

Rakesh Chopda

Company Background

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 glob...

Lead Managers & Bankers

Axis Capital LimitedICICI Securities LimitedSBI Capital Markets LimitedAnand Rathi Securities Limited

Financial Performance

Figures in ₹ Crores
Metric Breakdown

Revenue

Latest (Sep 2023)₹169.54 Cr
Growth+35.6%
Revenue Trend (₹ in Crores)
0.0100.2200.5300.7Mar 2021Mar 2022Mar 2023Sep 2023
PeriodRev (Cr)PAT (Cr)AssetsDebt
Sep 2023169.5426.89636.63324.94
Mar 2023261.528.47589.21300.60
Mar 2022199.2629.46404.32197.18
Mar 2021125.0311.50256.0587.71

Key Performance Indicators (KPIs)

PeriodEPSROEROCEP/E (Pre)P/E (Post)
Values1.794.2%12.99%292.7457.58

Broker & Analyst Reviews

Review Not Available

Institutional broker reviews and analyst reports have not been released for this issue yet. Reviews are typically published 2 to 3 days prior to the issue opening date.

IPO Allotment & Registrar Status

Official Registrar: Kfin Technologies Limited

Allotment Finalized
Allotment Date
26 Dec 2023
Official Status
Out / Finalized
Registrar
Kfin Technologies Limited
Listing Date
28 Dec 2023

Official Allotment Verification Links

Official Registrar Portal
Kfin Technologies Limited

Direct allotment verification on the official registrar portal appointed for Azad Engineering. Check with PAN or Application No.

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Stock Exchange Portal
BSE India Investor Portal

Official Bombay Stock Exchange investor verification channel using Issue Name and PAN Number.

Check on BSE India

Allotment Schedule & Milestones

IST
1. Allotment Finalization26 Dec 2023Basis of allotment declared
2. Refund Initiation1 day post allotmentUPI / ASBA mandate unblocked
3. Demat CreditPrior to listingShares credited to CDSL/NSDL
4. Listing Date28 Dec 2023Trading commences on exchange

How to Check Azad Engineering Allotment Online

1Open Portal

Click on the official registrar link or BSE portal button above.

2Select Company

Select Azad Engineering from the issue drop-down list.

3Enter Details

Select PAN, Application No., or DP Client ID and type your details.

4View Allocation

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Prospectus & Official Filings

Official FilingDRHP
Official FilingANCHOR

Allotment FAQs & Help

About Azad Engineering IPO

Complete issue overview for Azad Engineering (AZAD) IPO. The issue features an equity share price band of ₹499 – ₹524 per share with a minimum retail lot size of 28 Shares (minimum application amount of ₹14,672). Explore live market tracking on our GMP Tracker, compare against All IPO GMP Today, or view category bidding on the Subscription Page. Verify official allotment via IPO Registrars or review participating investment bankers in our Lead Managers Directory.

Frequently Asked Questions