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Azad Engineering IPO is a Book Building IPO listing on BSE,NSE exchange, with an ipo size of ₹ 740.00 Cr. The company is based in Hyderabad and caters to Engineering - Heavy Machinery sector. Anand Rathi Securities , Axis Capital , ICICI Securities , SBI Capital Markets are the merchant bankers of Azad Engineering IPO. It is a MainBoard IPO which filed its Draft Red Herring Prospectus (DRHP) on 29th September 2023.
Azad Engineering IPO open date is 20th December 2023 and close date is 22nd December 2023. IPO Allotment Date is 26th December 2023 and Listing date is 28th December 2023.
IPO
Size:
₹ 740.00 Cr.
Avg IPO Size (Sector Based)
: ₹
786.94 cr.
Sector: Engineering - Heavy Machinery
IPO so far:
7
Merchant Banker:
Anand Rathi
IPO by BRLM so far:
19
City:
Hyderabad
IPO so far:
36
Revenue (annualised):
₹
339.08
cr. 
PE
Ratio:
10.60x
Average Sector PE Ratio: 18.03x
Azad Engineering IPO size is ₹ 740.00 Cr. with IPO price of ₹ 524.00. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
Anand Rathi Securities Limited is the book-running lead manager of the Azad Engineering IPO. Kfin Technologies Limited is the Registrar for Azad Engineering IPO.
Azad Engineering IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
Azad Engineering IPO, based in Hyderabad, operates in the Engineering - Heavy Machinery sector with a focus on Aerospace turbines. The company is launching its MainBoard IPO on the BSE,NSE exchange, using the Book Building Issue method. Azad Engineering IPO size is ₹ 740.00 Cr. with fresh issue size of ₹ 240.00 Cr. and Offer for sale being ₹ 500.00Cr.
The IPO allotment date for Azad Engineering IPO is expected to be 26th December 2023, after the finalization of basis of allotment. Investors can check Azad Engineering IPO allotment status on the registrars website, Kfin Technologies Limited . Azad Engineering IPO refund dates are 27th December 2023.
Azad Engineering IPO is expected to be listed on 28th December 2023.
The upper price band for the Azad Engineering IPO is set at ₹ 524.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.
For IPO analysis on Azad Engineering IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.
To apply for the Azad Engineering IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 22nd December 2023. After submission, funds are blocked until the basis of allotment of Azad Engineering IPO is finalised.
The merchant banker for Azad Engineering IPO is Anand Rathi Securities Limited , Axis Capital Limited , ICICI Securities Limited , SBI Capital Markets Limited . Anand Rathi Securities Limited , Axis Capital Limited , ICICI Securities Limited , SBI Capital Markets Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the Azad Engineering IPO RHP for further details.
The registrar for Azad Engineering IPO is Kfin Technologies Limited . Investors can go to Kfin Technologies Limited registrar website for IPO allotment status, refund processing, and other queries related to Azad Engineering IPO through their official website or helpline.
Azad Engineering IPO was subscribed 83.04 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
IPO
Size:
₹ 740.00 Cr.
Avg IPO Size (Sector Based)
:
₹ 786.94 Cr.
Sector: Engineering - Heavy Machinery
IPO so far:
7
Merchant Banker:
Anand Rathi
IPO by BRLM so far:
19
City:
Hyderabad
IPO so far:
36
Revenue (annualised):
₹ 317.48 cr.
PE
Ratio:
10.60x
Average Sector PE Ratio: 18.03x
Azad Engineering IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Azad Engineering Financial Review Page
Merchant Banker(s) of Azad Engineering IPO: Anand Rathi Securities Limited , Axis Capital Limited , ICICI Securities Limited , SBI Capital Markets Limited
Azad Engineering IPO subscription was 83.04 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
Azad Engineering IPO listed at a listing price of 677.10 against the offer price of 524.00.
The current market price of Azad Engineering is 1649.70.
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