Azad Engineering Ltd. IPO — GMP, Details & Subscription

IPO Details

Open Date

20 Dec 2023

Close Date

22 Dec 2023

Allotment

26 Dec 2023

Listing Date

28 Dec 2023

Exchange

NSE & BSE

Price Band

₹524

Listing Price

See chart

Allotment Status

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Price Band

₹524

Per share

Face Value

₹2 per share

Lot Size

28 Shares

per lot

Issue Size

1,41,22,108 shares (aggregating up to ₹740.00 Cr)

Total offering

Issue Type

Bookbuilding IPO

Min Investment

₹14,672

1 lot

Post-IPO Holding

5,91,12,995 shares

Promoters

P/E (Pre)

292.74x

P/E (Post)

57.58x

EPS (Pre)

₹1.79

UPI Deadline

2023-12-22

Mandate

Anchor AllotmentTue, 19 Dec 2023

Basis of AllotmentTue, 26 Dec 2023

Refund InitiationWed, 27 Dec 2023

Demat CreditWed, 27 Dec 2023

Listing DayThu, 28 Dec 2023

UPI Mandate Deadline2023-12-22

Sale TypeFresh Capital-cum-Offer for Sale

Fresh Issue Shares45,80,151 shares (aggregating up to ₹240.00 Cr)

Offer for Sale95,41,957 shares of ₹2 (aggregating up to ₹500.00 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Azad Engineering Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 22 Dec 2023.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	14,122,108	100%	₹740.00

IPO Shares Offered

Azad Engineering Ltd. IPO total issue size: ₹740.00 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Total	14,122,108	₹740.00	100.00%

* Based on upper price band ₹524 per share

Lot Size & Investment

Lot Size

Shares per Lot

Issue Price

₹524.00

Upper Band

Min Investment

₹14,672

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	56	₹29,344
Retail (Max — 13 Lots)	13	364	₹190,736
S-HNI (Min — 14 Lots)	14	392	₹205,408
B-HNI (Min — 69 Lots)	69	1,932	₹1,012,368

* Issue Price ₹524 × Lot Size 28 shares

IPO Schedule

Anchor

19 Dec 2023

✓ Done

IPO Open

20 Dec 2023

✓ Done

IPO Close

22 Dec 2023

✓ Done

Allotment

26 Dec 2023

✓ Done

Refunds

27 Dec 2023

✓ Done

Demat Credit

27 Dec 2023

✓ Done

Listing Day

28 Dec 2023

✓ Done

₹524.00

INR · BSE

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Issue ₹524.00 Live Price

About Azad Engineering Ltd.

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 ₹1,142.92 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.

Objects of the Issue

Funding capital expenditure of the Company;

Repayment/prepayment, in part or full, of certain of the borrowings availed by the Company; and

General corporate purposes.

Azad Engineering Ltd. Financials (Amount in Crore)

Revenue from Operations

₹199.3

31 Mar 2022

₹261.5

31 Mar 2023

₹169.5

30 Sep 2023

Profit After Tax (PAT)

₹29.5

31 Mar 2022

₹8.5

31 Mar 2023

₹26.9

30 Sep 2023

Particulars	30 Sep 2023	31 Mar 2023	31 Mar 2022
Revenue from Operations	169.54	261.52	199.26
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	26.89	8.47	29.46
Net Worth	N/A	N/A	N/A
Total Assets	636.63	589.21	404.32
Reserves & Surplus	221.14	202.51	118.88
Borrowings	324.94	300.60	197.18
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

RoE

4.2%

RoCE

12.99%

RoNW

4.23%

Debt/Equity

1.47

Issue Structure & Shareholding

Total Shares Offered1,41,22,108 (100.00%)

Net Offer to PublicN/A

Reserved for Market MakerN/A

Pre-Issue Promoter HoldingN/A

Post-Issue Promoter Holding5,91,12,995 shares

P/BV RatioN/A

RoE4.2%

RoCE12.99%

Debt / Equity1.47

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Kfin Technologies Ltd.

04067162222, 04079611000

azad.ipo@kfintech.com

https://ipostatus.kfintech.com/

Check Allotment

Book Running Lead Managers

Axis Capital Ltd.

ICICI Securities Ltd.

SBI Capital Markets Ltd.

Anand Rathi Advisors Ltd.

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Azad Engineering Ltd. IPO subscribed? ▲

Azad Engineering Ltd. IPO is subscribed 1.00 times by Dec 22, 2023. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Azad Engineering Ltd. IPO retail subscription status? ▼

The Azad Engineering Ltd. IPO retail category is subscribed 1.00 times as of 22 Dec 2023. The retail portion is oversubscribed.

How to subscribe Azad Engineering Ltd. IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 20 Dec 2023 and closes 22 Dec 2023. Min investment: ₹14,672 (1 lot = 28 shares). UPI mandate: 2023-12-22.

How many times Azad Engineering Ltd. IPO subscribed? ▼

The Azad Engineering Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Azad Engineering Ltd. IPO allotment? ▼

Check allotment on the registrar website (Kfin Technologies Ltd.) at https://ipostatus.kfintech.com/. Enter your PAN, application number or DP/Client ID. Allotment date: 26 Dec 2023. Refunds: on 27 Dec 2023.

When Azad Engineering Ltd. IPO will be listed? ▼

The Azad Engineering Ltd. IPO listing date is 28 Dec 2023, Thursday. Listed on: NSE & BSE. Issue price: ₹524. Estimated listing: ₹524. GMP: NIL.

When Azad Engineering Ltd. IPO close? ▼

The Azad Engineering Ltd. IPO closes on 22 Dec 2023, Friday. UPI mandate: 2023-12-22. Allotment: 26 Dec 2023. Listing: 28 Dec 2023.

Quick Actions

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Live Price LIVE

Last Price₹524.00

Change—

Issue Price₹524.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹524

Face Value₹2

Lot Size28 Sh

Min. Amount₹14,672

GMPNIL

Est. Listing₹524

Subscribed1.00x

Open Date20 Dec 2023

Close Date22 Dec 2023

Allotment26 Dec 2023

Listing Date28 Dec 2023

ExchangeNSE & BSE

UPI Deadline2023-12-22