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Bidding Date
20-Dec-2023 to
22-Dec-2023
Issue Size
₹740 Cr
Price Band
₹499 to ₹524
Allotment date
26-Dec-2023
Listing date
28-Dec-2023
Lot size
28
No. of shares
1,41,22,138
Fresh issue/OFS
₹240 Cr/₹500 Cr
No data found. Please visit the stock details page to know more about the company.
Read our in-depth analysis of the Azad Engineering Ltd IPO Here 
Category
Status
QIBs
179.7x
NIIs
87.6x
Retail
23.8x
Others
14.7x
Total
80.7x
| Name | Price Band (Rs) | Bidding Date |
|---|---|---|
| Novus Loyalty | 139 - 146 | 17-Mar-2026 to 20-Mar-2026 |
| Powerica | 375 - 395 | 24-Mar-2026 to 27-Mar-2026 |
| Amir Chand Jagdish Kumar (Exports) | 201 - 212 | 24-Mar-2026 to 27-Mar-2026 |
| Highness Microelectronics | 114 - 120 | 24-Mar-2026 to 27-Mar-2026 |
The issue size of Azad Engineering is ₹740.00 Cr.
Azad Engineering falls into Defence & Aerospace industry.
The Azad Engineering IPO will be listed on both NSE and BSE.
The open and close dates for the Azad Engineering are 20-Dec-2023 & 22-Dec-2023.
The price band for the Azad Engineering ipo is ₹499 to ₹524
The listing date of Azad Engineering IPO is 28-Dec-2023.
The purpose of this IPO is to raise fresh capital as well as enable the existing shareholders to sell their stake.
Azad Engineering total subscription ratio is 80.7X.
Key financial of the Azad Engineering are:
| Azad Engineering | FY-23 | FY-22 | FY-21 |
|---|---|---|---|
| Revenue (₹ Cr) | 251.68 | 194.47 | 122.72 |
| EBIT (₹ Cr) | 55.7 | 48.95 | 19.28 |
| Proft after Tax (₹ Cr) | 8.47 | 29.46 | 11.5 |
| Debt (₹ Cr) | 300.6 | 197.18 | 87.71 |
| Net Worth (₹ Cr) | 203.99 | 120.01 | 90.89 |
| RoE (%) | 4.15 | 24.55 | 12.65 |
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