Azad Engineering
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Dec 20 - Dec 22,2023
Price Band
₹499-524
Current GMP
₹720 (37.40%)
Subscription
79.27 times
IPO Details
| IPO Date | December 20, 2023 to December 22, 2023 |
| Listing Date | Thursday, December 28, 2023 |
| Face Value | ₹2 per share |
| Price Band | ₹499 to ₹524 per share |
| Lot Size | 28 Shares |
| Total Issue Size | 14,122,138 shares (aggregating up to ₹740.00 Cr) |
| Fresh Issue | 4,580,153 shares (aggregating up to ₹240.00 Cr) |
| Offer for Sale | 9,541,985 shares of ₹2 (aggregating up to ₹500.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 54,532,842 |
| Share holding post issue | 59,112,995 |
IPO Date
December 20, 2023 to December 22, 2023
Listing Date
Thursday, December 28, 2023
Face Value
₹2 per share
Price Band
₹499 to ₹524 per share
Lot Size
28 Shares
Total Issue Size
14,122,138 shares (aggregating up to ₹740.00 Cr)
Fresh Issue
4,580,153 shares (aggregating up to ₹240.00 Cr)
Offer for Sale
9,541,985 shares of ₹2 (aggregating up to ₹500.00 Cr)
Issue Type
Book Built Issue IPO
Listing At
BSE, NSE
Share holding pre issue
54,532,842
Share holding post issue
59,112,995
IPO Subscription Details
| Anchor Investors | 1 |
| Qualified Institutions | 169.45 |
| Non-Institutional Buyers | 89.58 |
| bNII (bids above ₹10L) | 93.15 |
| sNII (bids below ₹10L) | 82.45 |
| Retail Investors | 23.11 |
| Total ** | 79.27 |
Anchor Investors
1
Qualified Institutions
169.45
Non-Institutional Buyers
89.58
bNII (bids above ₹10L)
93.15
sNII (bids below ₹10L)
82.45
Retail Investors
23.11
Total **
79.27
Day Wise Sub
| Day | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Day 1 Dec 20, 2023 | 0.05 | 6.38 | 4.23 | 3.51 |
| Day 2 Dec 21, 2023 | 1.53 | 24.36 | 11.76 | 11.59 |
| Day 3 Dec 22, 2023 | 169.45 | 89.58 | 23.11 | 79.27 |
DayDay 1
Dec 20, 2023
QIB0.05
NII6.38
Retail4.23
Total3.51
DayDay 2
Dec 21, 2023
QIB1.53
NII24.36
Retail11.76
Total11.59
DayDay 3
Dec 22, 2023
QIB169.45
NII89.58
Retail23.11
Total79.27
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 28-12-2023 | 524.00 | 205 (39.12%) | 729 |
| 27-12-2023 | 524.00 | 205 (39.12%) | 729 |
| 26-12-2023 | 524.00 | 300 (57.25%) | 824 |
| 25-12-2023 | 524.00 | 305 (58.21%) | 829 |
| 24-12-2023 | 524.00 | 311 (59.35%) | 835 |
| 23-12-2023 | 524.00 | 311 (59.35%) | 835 |
| 22-12-2023 | 524.00 | 360 (68.7%) | 884 |
| 21-12-2023 | 524.00 | 370 (70.61%) | 894 |
| 20-12-2023 | 524.00 | 440 (83.97%) | 964 |
| 19-12-2023 | 524.00 | 440 (83.97%) | 964 |
| 18-12-2023 | 524.00 | 440 (83.97%) | 964 |
| 17-12-2023 | 524.00 | 380 (72.52%) | 904 |
| 16-12-2023 | 524.00 | 380 (72.52%) | 904 |
| 15-12-2023 | 524.00 | 400 (76.34%) | 924 |
Date28-12-2023
Price524.00
GMP205 (39.12%)
Estimate List Price729
Date27-12-2023
Price524.00
GMP205 (39.12%)
Estimate List Price729
Date26-12-2023
Price524.00
GMP300 (57.25%)
Estimate List Price824
Date25-12-2023
Price524.00
GMP305 (58.21%)
Estimate List Price829
Date24-12-2023
Price524.00
GMP311 (59.35%)
Estimate List Price835
Date23-12-2023
Price524.00
GMP311 (59.35%)
Estimate List Price835
Date22-12-2023
Price524.00
GMP360 (68.7%)
Estimate List Price884
Date21-12-2023
Price524.00
GMP370 (70.61%)
Estimate List Price894
Date20-12-2023
Price524.00
GMP440 (83.97%)
Estimate List Price964
Date19-12-2023
Price524.00
GMP440 (83.97%)
Estimate List Price964
Date18-12-2023
Price524.00
GMP440 (83.97%)
Estimate List Price964
Date17-12-2023
Price524.00
GMP380 (72.52%)
Estimate List Price904
Date16-12-2023
Price524.00
GMP380 (72.52%)
Estimate List Price904
Date15-12-2023
Price524.00
GMP400 (76.34%)
Estimate List Price924
IPO Important Dates
| IPO Open Date | Wednesday, December 20, 2023 |
| IPO Close Date | Friday, December 22, 2023 |
| Basis of Allotment | Tuesday, December 26, 2023 |
| Initiation of Refunds | Wednesday, December 27, 2023 |
| Credit of Shares to Demat | Wednesday, December 27, 2023 |
| Listing Date | Thursday, December 28, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 22, 2023 |
IPO Open Date
Wednesday, December 20, 2023
IPO Close Date
Friday, December 22, 2023
Basis of Allotment
Tuesday, December 26, 2023
Initiation of Refunds
Wednesday, December 27, 2023
Credit of Shares to Demat
Wednesday, December 27, 2023
Listing Date
Thursday, December 28, 2023
Cut-off time for UPI mandate confirmation
5 PM on December 22, 2023
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 28 | ₹14,672 |
| Retail (Max) | 13 | 364 | ₹190,736 |
| S-HNI (Min) | 14 | 392 | ₹205,408 |
| S-HNI (Max) | 68 | 1,904 | ₹997,696 |
| B-HNI (Min) | 69 | 1,932 | ₹1,012,368 |
ApplicationRetail (Min)
Lots1
Shares28
Amount₹14,672
ApplicationRetail (Max)
Lots13
Shares364
Amount₹190,736
ApplicationS-HNI (Min)
Lots14
Shares392
Amount₹205,408
ApplicationS-HNI (Max)
Lots68
Shares1,904
Amount₹997,696
ApplicationB-HNI (Min)
Lots69
Shares1,932
Amount₹1,012,368
Financial Information
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 636.63 | 589.21 | 404.32 |
| Revenue | 169.54 | 261.52 | 199.26 |
| Profit After Tax | 26.89 | 8.47 | 29.46 |
| Net Worth | |||
| Reserves and Surplus | 221.14 | 202.51 | 118.88 |
| Total Borrowing | 324.94 | 300.60 | 197.18 |
Period EndedPeriod Ended
30 Sep 202330 Sep 2023
31 Mar 202331 Mar 2023
31 Mar 202231 Mar 2022
Period EndedAssets
30 Sep 2023636.63
31 Mar 2023589.21
31 Mar 2022404.32
Period EndedRevenue
30 Sep 2023169.54
31 Mar 2023261.52
31 Mar 2022199.26
Period EndedProfit After Tax
30 Sep 202326.89
31 Mar 20238.47
31 Mar 202229.46
Period EndedNet Worth
30 Sep 2023
31 Mar 2023
31 Mar 2022
Period EndedReserves and Surplus
30 Sep 2023221.14
31 Mar 2023202.51
31 Mar 2022118.88
Period EndedTotal Borrowing
30 Sep 2023324.94
31 Mar 2023300.60
31 Mar 2022197.18
Key Performance Indicator
| P/E (x) | 292.74 |
| Post P/E (x) | 57.58 |
| Market Cap (₹ Cr.) | 3097.52 |
| ROE | 4.2% |
| ROCE | 12.99% |
| Debt/Equity | 1.47 |
| EPS (Rs) | 1.79 |
P/E (x)
292.74
Post P/E (x)
57.58
Market Cap (₹ Cr.)
3097.52
ROE
4.2%
ROCE
12.99%
Debt/Equity
1.47
EPS (Rs)
1.79
IPO Reservation
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 4,213,731 (30.00%) | NA |
| QIB Shares Offered | 2,809,155 (20.00%) | NA |
| NII (HNI) Shares Offered | 2,106,866 (15.00%) | |
| bNII > ₹10L | 1,404,577 (10.00%) | 3,583 |
| sNII < ₹10L | 702,289 (5.00%) | 1,791 |
| Retail Shares Offered | 4,916,021 (35.00%) | 175,572 |
| Total Shares Offered | 14,045,773 (100%) |
Investor CategoryAnchor Investor Shares Offered
Shares Offered4,213,731 (30.00%)
Maximum AllotteesNA
Investor CategoryQIB Shares Offered
Shares Offered2,809,155 (20.00%)
Maximum AllotteesNA
Investor CategoryNII (HNI) Shares Offered
Shares Offered2,106,866 (15.00%)
Maximum Allottees
Investor CategorybNII > ₹10L
Shares Offered1,404,577 (10.00%)
Maximum Allottees3,583
Investor CategorysNII < ₹10L
Shares Offered702,289 (5.00%)
Maximum Allottees1,791
Investor CategoryRetail Shares Offered
Shares Offered4,916,021 (35.00%)
Maximum Allottees175,572
Investor CategoryTotal Shares Offered
Shares Offered14,045,773 (100%)
Maximum Allottees
Information about company
Incorporated in 1983, Azad Engineering Limited is a manufacturer of aerospace components and turbines. The company supplies its products to original equipment manufacturers (OEMs) in the aerospace, defense, energy, and oil and gas industries.
Azad Engineering's products are highly engineered, complex, mission-critical, and vital.
As of September 30, 2023, the company generated revenue of â¹1,142.92 million from the sale of blades for the energy industry. The company's customer base includes the USA, China, Europe, the Middle East and Japan.
The company has four manufacturing facilities in Hyderabad, Telangana, India. These facilities are capable of producing high-precision forged and machined components and have a total production area of around 20,000 square meters. The company is also planning to set up two more manufacturing units at Tuniki Bollaram village in Siddipet district, Telangana, and Mangampet village in Sangareddy district, Telangana. These plants will have a total production area of 94,898.78 and 74,866.84 square meters respectively.
Azad Engineering is headquartered in Hyderabad, Telangana, India, and employs 201-500 people.
Disclaimer
All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions.
We are not a SEBI Registered analyst. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on Information published on this application.
No financial information whatsoever published anywhere, within this application, should be considered as advice to buy or sell securities or invest in IPOs, or as a guide to doing so in any way whatsoever
Please read all Tearms and conditions , and agree to use the App