Azad Engineering Limited
| Opening Date | Closing Date | Face Value | Issue Price | Lot Size | Listing At | Total Issue Size | Basis of Allotment | Initiation of Refunds | Credit of Shares to Demat | Listing Date |
|---|---|---|---|---|---|---|---|---|---|---|
| 19-12-2023 | 21-12-2023 | 2 | 499 | 28 | BSE SME | N/A | 2023-12-25 18:30:00 | 2023-12-26 18:30:00 | 2023-12-26 18:30:00 | 27-12-2023 |
About The Company
Azad Engineering IPO is a book built issue of Rs 740.00 crores. The issue is a combination of fresh issue of Rs 240.00 crores and offer for sale of Rs 500.00 crores.
Azad Engineering IPO opens for subscription on December 20, 2023 and closes on December 22, 2023. The allotment for the Azad Engineering IPO is expected to be finalized on Tuesday, December 26, 2023. Azad Engineering IPO will list on BSE, NSE with tentative listing date fixed as Thursday, December 28, 2023.
Azad Engineering IPO price band is set at ₹499 to ₹524 per share. The minimum lot size for an application is 28 Shares. The minimum amount of investment required by retail investors is ₹14,672. The minimum lot size investment for sNII is 14 lots (392 shares), amounting to ₹205,408, and for bNII, it is 69 lots (1,932 shares), amounting to ₹1,012,368.
Axis Capital Limited, ICICI Securities Limited, SBI Capital Markets Limited and Anand Rathi Securities Limited are the book running lead managers of the Azad Engineering IPO, while Kfin Technologies Limited is the registrar for the issue.
Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrow |
|---|---|---|---|---|---|---|
| 29-09-2023 | 637 | 170 | 27 | 221.14 | 324.94 | |
| 30-03-2023 | 589 | 262 | 8 | 202.51 | 300.6 | |
| 30-03-2022 | 404 | 199 | 29 | 118.88 | 197.18 | |
| 30-03-2021 | 256 | 125 | 12 | 89.42 | 87.71 |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 28 | 14672 |
| Retail (Max) | 13 | 364 | 190736 |
| S-HNI (Min) | 14 | 392 | 205408 |
| S-HNI (Max) | 68 | 1904 | 997696 |
| B-HNI (Min) | 69 | 1932 | 1012368 |
IPO Listing Details
| Listing Date | 27-12-2023 |
| BSE Script Code | N/A |
| NSE Symbol | N/A |
| ISIN | N/A |
| Final Issue Price | 0 |
Promoter holdings
Rakesh Chopda
Contact Information of the Company
Azad Engineering Limited
90/C, 90/D, Phase-1,
I.D.A. Jeedimetla,
Hyderabad 500055
Phone: +91 40 2309 7007
Email: cs@azad.in
Website: https://www.azad.in/
IPO Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: azad.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
IPO Lead Manager
Axis Capital Limited ICICI Securities Limited SBI Capital Markets Limited Anand Rathi Securities Limited