Azad Engineering IPO Price: ₹499 - ₹524
IPO Date Range: Dec 20, 2023 - Dec 22, 2023
Azad Engineering Limited specializes in crafting aerospace components and turbines, catering to original equipment manufacturers (OEMs) within the aerospace, defense, energy, and oil and gas sectors.
Azad Engineering specializes in crafting 3D rotating airfoil and blade segments designed for turbine engines, alongside crucial components essential for gas, nuclear, and thermal turbines utilized across industrial applications and energy generation. Moreover, they cater to the needs of defense, civil aircraft, and spaceships with their exceptional expertise.
The company serves customers across the USA, China, Europe, the Middle East, and Japan. In Hyderabad, Telangana, India, the company operates four manufacturing facilities capable of crafting high-precision forged and machined components, spanning a total production area of approximately 20,000 square meters.
Additionally, plans are underway to establish two new manufacturing units in Telangana, located at Tuniki Bollaram village in Siddipet district and Mangampet village in Sangareddy district, with anticipated production areas of 94,898.78 and 74,866.84 square meters respectively.
| 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 | . shares (aggregating up to ₹740 Cr) |
| Fresh Issue | . shares (aggregating up to ₹240 Cr) |
| Offer For Sale | . shares (aggregating up to ₹500 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 54,532,842 |
Investors have the option to bid for a minimum of 28 shares, increasing in multiples from there. The table below illustrates the range of investment possibilities for both retail investors and HNIs, showing the minimum and maximum shares along with corresponding amounts.
| 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 |
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
| 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 |
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Between the financial years ending March 31, 2023, and March 31, 2022, Azad Engineering Limited experienced a 31.24% rise in revenue while witnessing a significant 71.24% decline in profit after tax (PAT).
| Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 | 30 Sep 2023 |
|---|---|---|---|---|
| Assets | 256.05 | 404.32 | 589.21 | 636.63 |
| Revenue | 125.03 | 199.26 | 261.52 | 169.54 |
| Profit After Tax | 11.50 | 29.46 | 8.47 | 26.69 |
| Reserves & Surplus | 89.42 | 118.88 | 202.51 | 221.14 |
| Total Borrowings | 87.71 | 197.18 | 300.60 | 324.94 |
| KPI | Values |
|---|---|
| P/E (x) | 292.74 |
| ROCE | 12.99% |
| Debt/ Equity | 1.47 |
| EPS (Rs) | 1.79 |
| RoNW | 4.23% |
The Net Proceeds from the Fresh Issue are intended to be allocated as follows:
Prospectus: Official documents that provide detailed information about the IPO and the company. Azad Engineering IPO DRHP and Azad Engineering IPO RHP.
An IPO, or Initial Public Offering, is the process by which a private company offers its shares to the public for the first time to raise capital.
Companies go public to raise capital for expansion, reduce debt, or for other corporate purposes. It also provides liquidity to existing shareholders.
The price range for the"Azad Engineering Limited" IPO is ₹499 to ₹524 per share.
The "Azad Engineering Limited" IPO is expected to be listed on Thursday, 28 December 2023.
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