Azad Engineering IPO

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Azad Engineering IPO Details

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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