Listed Price₹720.00
Listing Gain+37.40%
Price Band₹499 - ₹524
Lot Size28 shares
Min Bid₹14,672
Subscription80.6x
Listed Market Snapshot
₹720.00Listed price from market data
+37.40%listing gain
Issue Amount
₹740 Cr
Listed Price
₹720.00
Current Price
₹2095.2
Registrar
Kfin Technologies Limited
Timeline•Book Built Issue IPO
Open20 Dec 2023
Close22 Dec 2023
Allotment26 Dec 2023
Listing28 Dec 2023
Quota Reservation Portions
RetailPortion: 50,63,585 shares
35.86%Nii(hni)Portion: 21,70,108 shares
15.37%QIBPortion: 28,08,852 shares
19.89%EmployeesPortion: 80,160 shares
0.57%Minimum Application Bracket Matrix
Retail1 lots / 28 shares
₹14,672sHNI14 lots / 392 shares
₹2,05,408bHNI69 lots / 1,932 shares
₹10,12,368About the Company
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.
Company Promoters
Rakesh Chopda
Lead Managers
Registrar
Kfin Technologies Limited