{"id":5457,"date":"2023-12-16T10:45:07","date_gmt":"2023-12-16T05:15:07","guid":{"rendered":"https:\/\/lakshmishree.com\/blog\/?p=5457"},"modified":"2023-12-16T10:45:12","modified_gmt":"2023-12-16T05:15:12","slug":"azad-engineering-ipo-details","status":"publish","type":"post","link":"https:\/\/lakshmishree.com\/blog\/azad-engineering-ipo-details\/","title":{"rendered":"Azad Engineering IPO Details - Complete Overview of Azad Engineering Limited IPO"},"content":{"rendered":"\n

Azad Engineering IPO Price: <\/strong>\u20b9499 - \u20b9524
IPO Date Range:<\/strong> Dec 20, 2023 - Dec 22, 2023<\/p>\n\n\n\n

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\"Azad<\/figure>\n<\/div><\/div>\n<\/div>\n<\/div>\n\n\n\n
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Foundation & Business Essence:<\/h2>\n\n\n\n

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.<\/p>\n<\/div>\n<\/div>\n\n\n\n

Product Portfolio:<\/h2>\n\n\n\n

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.<\/p>\n\n\n\n

Network and Presence<\/h2>\n\n\n\n

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. <\/p>\n\n\n\n

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.<\/p>\n\n\n\n

Bidding Starts In<\/h2>\n\n\n\n
-<\/div>
DAYS<\/div><\/div>
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HOURS<\/div><\/div>
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MINUTES<\/div><\/div>
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SECONDS<\/div><\/div><\/div>\n\n\n\n
APPLY NOW<\/span><\/path><\/svg>

Dream Big, Start with an IPO. Choose Lakshmishree.<\/p><\/a><\/div>\n\n\n\n

Azad Engineering IPO Specifics:<\/h2>\n\n\n\n
IPO Date<\/td>December 20, 2023 to December 22, 2023<\/td><\/tr>
Listing Date<\/td>Thursday, December 28, 2023<\/td><\/tr>
Face Value<\/td>\u20b92 per share<\/td><\/tr>
Price Band<\/td>\u20b9499 to \u20b9524 per share<\/td><\/tr>
Lot Size<\/td>28 shares<\/td><\/tr>
Total Issue Size<\/td>. shares
(aggregating up to \u20b9740 Cr)<\/td><\/tr>
Fresh Issue<\/td>. shares
(aggregating up to \u20b9240 Cr)<\/td><\/tr>
Offer For Sale<\/td>. shares
(aggregating up to \u20b9500 Cr)<\/td><\/tr>
Issue Type<\/td>Book Built Issue IPO<\/td><\/tr>
Listing At<\/td>BSE, NSE<\/td><\/tr>
Share holding pre issue<\/td>54,532,842<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Azad Engineering IPO Lot Size<\/h2>\n\n\n\n

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.<\/p>\n\n\n\n

Application<\/th>Lots<\/th>Shares<\/th>Amount<\/th><\/tr><\/thead>
Retail (Min)<\/td>1<\/td>28<\/td>\u20b914,672<\/td><\/tr>
Retail (Max)<\/td>13<\/td>364<\/td>\u20b9190,736<\/td><\/tr>
S-HNI (Min)<\/td>14<\/td>392<\/td>\u20b9205,408<\/td><\/tr>
S-HNI (Max)<\/td>68<\/td>1,904<\/td>\u20b9997,696<\/td><\/tr>
B-HNI (Min)<\/td>69<\/td>1,932<\/td>\u20b91,012,368<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Azad Engineering IPO Reservation<\/h2>\n\n\n\n
QIB Shares Offered<\/td>Not more than 50% of the Net Issue<\/td><\/tr>
Retail Shares Offered<\/td>Not less than 35% of the Net Issue<\/td><\/tr>
NII (HNI) Shares Offered<\/td>Not less than 15% of the Net Issue<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Azad Engineering IPO Timetable (Important Dates)<\/h2>\n\n\n\n
IPO Open Date<\/td>Wednesday, December 20, 2023<\/td><\/tr>
IPO Close Date<\/td>Friday, December 22, 2023<\/td><\/tr>
Basis of Allotment<\/td>Tuesday, December 26, 2023<\/td><\/tr>
Initiation of Refunds<\/td>Wednesday, December 27, 2023<\/td><\/tr>
Credit of Shares to Demat<\/td>Wednesday, December 27, 2023<\/td><\/tr>
Listing Date<\/td>Thursday, December 28, 2023<\/td><\/tr>
Cut-off time for UPI mandate confirmation<\/td>5 PM on December 22, 2023<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Don't Miss Out!<\/h2>
<\/div>

Whether you're a seasoned investor or just starting out, Lakshmishree ensures you don't miss out on premier IPO opportunities. Dive into the future of investing with Lakshmishree.<\/p><\/div>\n\n\n\n

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APPLY NOW<\/a><\/div>\n<\/div>\n\n\n\n

Azad Engineering Limited IPO Financial Information<\/h2>\n\n\n\n

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).<\/p>\n\n\n\n

Period Ended<\/th>31 Mar 2021<\/th>31 Mar 2022<\/th>31 Mar 2023<\/th>30 Sep 2023<\/th><\/tr><\/thead>
Assets<\/td>256.05<\/td>404.32<\/td>589.21<\/td>636.63<\/td><\/tr>
Revenue<\/td>125.03<\/td>199.26<\/td>261.52<\/td>169.54<\/td><\/tr>
Profit After Tax<\/td>11.50<\/td>29.46<\/td>8.47<\/td>26.69<\/td><\/tr>
Reserves & Surplus<\/td>89.42<\/td>118.88<\/td>202.51<\/td>221.14<\/td><\/tr>
Total Borrowings<\/td>87.71<\/td>197.18<\/td>300.60<\/td>324.94<\/td><\/tr><\/tbody><\/table>
Amount in \u20b9 Crore<\/small><\/figcaption><\/figure>\n\n\n\n

Key Performance Indicator - Azad Engineering IPO<\/h2>\n\n\n\n
KPI<\/th>Values<\/th><\/tr><\/thead>
P\/E (x)<\/td>292.74<\/td><\/tr>
ROCE<\/td>12.99%<\/td><\/tr>
Debt\/ Equity<\/td>1.47<\/td><\/tr>
EPS (Rs)<\/td>1.79<\/td><\/tr>
RoNW<\/td>4.23%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Objects of the Issue:<\/strong><\/h2>\n\n\n\n

The Net Proceeds from the Fresh Issue are intended to be allocated as follows:<\/p>\n\n\n\n

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  1. Funding the company's capital expenditure.<\/li>\n\n\n\n
  2. Repayment or prepayment, either in part or in full, of specific borrowings obtained by the company.<\/li>\n\n\n\n
  3. Addressing general corporate needs and purposes.<\/li>\n<\/ol>\n\n\n\n

    Prospectus Links:<\/strong><\/h2>\n\n\n\n

    Prospectus:<\/strong> Official documents that provide detailed information about the IPO and the company. Azad Engineering IPO DRHP<\/a> and Azad Engineering IPO RHP<\/a>.<\/p>\n\n\n\n

    Frequently Asked Questions<\/strong><\/h2>\n\n\n\n
    <\/div><\/div>\n\n\n
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    What is an IPO?<\/h3>\n
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    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.<\/p>\n\n<\/div>\n<\/div>\n

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    Why do companies go public with an IPO?<\/h3>\n
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    Companies go public to raise capital for expansion, reduce debt, or for other corporate purposes. It also provides liquidity to existing shareholders.<\/p>\n\n<\/div>\n<\/div>\n

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    What is the price range for the \"Azad Engineering Limited\" IPO?<\/h3>\n
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    The price range for the\"Azad Engineering Limited\" IPO is \u20b9499 to \u20b9524 per share.<\/p>\n\n<\/div>\n<\/div>\n

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    When will the \"Azad Engineering Limited\" IPO be listed on the stock exchange?<\/h3>\n
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    The \"Azad Engineering Limited\" IPO is expected to be listed on Thursday, 28 December 2023.<\/p>\n\n<\/div>\n<\/div>\n

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    How to apply for an IPO with Lakshmishree?<\/h3>\n
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    To apply for an IPO with Lakshmishree:
    Go to www.lakshmishree.com\/ipo
    Select the desired IPO and fill in the required details.
    Confirm your application and make the payment.
    Once applied, you can track the status of your application on the platform or get in your registered Email ID.<\/p>\n\n<\/div>\n<\/div>\n

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    How can I check the subscription status of an IPO on Lakshmishree?<\/h3>\n
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    Log in to your Lakshmishree account and navigate to the 'IPO' section. Here, you can view live updates on the subscription status of ongoing IPOs.<\/p>\n\n<\/div>\n<\/div>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"

    Azad Engineering IPO Price: \u20b9499 - \u20b9524IPO Date Range: Dec 20, 2023 - Dec 22, 2023 Foundation & Business Essence: 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. Product Portfolio: Azad Engineering specializes in crafting 3D rotating […]<\/p>\n","protected":false},"author":1,"featured_media":5466,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[336],"tags":[],"class_list":["post-5457","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo"],"_links":{"self":[{"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/posts\/5457","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/comments?post=5457"}],"version-history":[{"count":2,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/posts\/5457\/revisions"}],"predecessor-version":[{"id":5465,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/posts\/5457\/revisions\/5465"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/media\/5466"}],"wp:attachment":[{"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/media?parent=5457"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/categories?post=5457"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/tags?post=5457"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}