Azad Engineering IPO Details: Azad Engineering’s initial public offering (IPO) date has been scheduled; the IPO will begin on December 20 and end on December 22. Azad Engineering IPO would generate about 740 crores through an IPO that would involve a fresh issue of 240 crores and an offer for sale of up to 500 crores at 2 each. Retail quotas are 35%, QIB quotas are 50%, and HNI quotas are 15%.
Azad Engineering Business Details
- Azad Engineering is one of our qualified product lines’ key manufacturers, supplying global original equipment manufacturers (“OEMs”) in the energy, aerospace, defense, and oil and gas industries with highly engineered, complex, and mission and life-critical components (Source: EY Report). Because the company creates sophisticated and highly engineered precision forged and machined components that are mission and life-critical, certain of its products must have “zero parts per million” flaws (Source: EY Report).
- The products of Azad Engineering include 3D rotating airfoil/blade parts of turbine engines and other important components for (a) gas, nuclear, and thermal turbines used in industrial applications or energy generation, and (b) defense and civil aircraft and spaceships. As of September 30, 2023, the firm generated $1,142.92 million in sales from the sale of airfoils/blades for the energy industry, accounting for 72.00% of its revenue from operations. Global OEMs in the energy, aerospace, defense, and oil and gas industries, including General Electric, Honeywell International Inc., Mitsubishi Heavy Industries, Ltd., Siemens Energy, Eaton Aerospace, and MAN Energy Solutions SE, are among the company’s customers.
- Since our foundation, they have sold components to countries such as the United States, China, Europe, the Middle East, and Japan (Source: EY Report). As a result, they represent an important link in OEMs’ worldwide supply chain (Source: EY Report). They boosted our revenue from 1,240.00 million in Fiscal Year 2020 to 2,516.75 million in Fiscal Year 2023 (a 27% increase between Fiscal Years 2020 and 2023), with an adjusted EBITDA margin of 31.61% in Fiscal Year 2023. They are one of the fastest expanding manufacturers (in terms of revenue growth between Fiscal Years 2020 and 2023) with one of the greatest EBITDA margins among the key players for machined components for the sectors we serve (Source: EY Report).
Azad Engineering IPO Date 2023
Azad Engineering’s IPO Date and price Band Details are given below
| Azad Engineering IPO Date 2023 | |
| IPO Open: | December 20, 2023 |
| IPO Close: | December 22, 2023 |
| IPO Size: | Approx ₹740 Crores |
| Fresh Issue: | Approx ₹240 Crores |
| Offer for Sale: | Approx ₹500 Crores |
| Face Value: | ₹2 Per Equity Share |
| IPO Price Band: | ₹499 to ₹524 Per Share |
| IPO Listing on: | BSE & NSE |
| Retail Quota: | 35% |
| QIB Quota: | 50% |
| NII Quota: | 15% |
Azad Engineering IPO Market Lot
The minimum market lot for the Azad Engineering IPO is 28 shares with a 14,672 application amount. Retail investors can apply for up to 13 lots of 364 shares or 190,736.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 28 | ₹14,672 |
| Retail Maximum | 13 | 364 | ₹190,736 |
| S-HNI Minimum | 14 | 392 | ₹205,408 |
| B-HNI Minimum | 69 | 1,932 | ₹1,012,368 |
Azad Engineering IPO Important Dates
The Azad Engineering IPO date is December 20 and the close date is December 22. The Azad Engineering IPO allotment will be finalized on December 26 and the IPO listing on December 28.
| Azad Engineering IPO Important Dates | |
| Anchor Investors Allotment: | December 19, 2023 |
| IPO Open Date: | December 20, 2023 |
| IPO Close Date: | December 22, 2023 |
| Basis of Allotment: | December 26, 2023 |
| Refunds: | December 27, 2023 |
| Credit to Demat Account: | December 27, 2023 |
| IPO Listing Date: | December 28, 2023 |
Azad Engineering IPO GMP Live
Azad Engineering IPO GMP Live Rates day by day with Kotak rates.
| Date | GMP | Kostak | Subject to |
| Today | ₹440 | ₹400 | ₹9,000 |
| 18 December | ₹380 | ₹400 | ₹8,000 |
| 17 December | ₹400 | ₹- | ₹8,500 |
| 15 December | ₹- | ₹- | ₹- |
| 14 December | ₹- | ₹- | ₹- |
Azad Engineering Financial Report
Azad Engineering Company’s Financial Reports are tabulated here.
| Year | Revenue (₹ in Crores) | Expense (₹ in Crores) | PAT (₹ in Crores) |
| 2021 | ₹125 | ₹109 | ₹11.50 |
| 2022 | ₹199 | ₹159 | ₹29.46 |
| 2023 | ₹262 | ₹248 | ₹8.47 |
| 2024 (6M) | ₹170 | ₹138 | ₹26.89 |
Azad Engineering IPO FAQs
Q. What is Azad Engineering IPO?
Ans. Azad Engineering IPO is a main-board IPO. They are going to raise ₹740 Crores via IPO. The issue is priced at ₹499 to ₹524 per equity share. The IPO is to be listed on BSE & NSE.
Q. When Azad Engineering IPO will open?
Ans. The IPO is to open on December 20, 2023, for QIB, NII, and Retail Investors.
Q. What is Azad Engineering IPO Investors Portion?
Ans. The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
Q. How to Apply the Azad Engineering IPO?
Ans. You can apply for Azad Engineering IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
Q. What is Azad Engineering’s IPO Size?
Ans. Azad Engineering’s IPO size is ₹740 crores.
Q. What is the Azad Engineering IPO Allotment Date?
Ans. Azad Engineering’s IPO allotment date is December 26, 2023.
Q. What is the Azad Engineering IPO Listing Date?
Ans. Azad Engineering’s IPO listing date is December 28, 2023. The IPO is to be listed on BSE and NSE.
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