Hello my fellow finance enthusiasts, there is a huge investment opportunity opening up in the near future. Yes, you heard absolutely right. The Azad Engineering IPO is going to open soon. So I will give you complete information about Azad Engineering IPO here on IPO India.
On this article I will inform you about Azad Engineering IPO Date, Price, GMP, Review and Best 3 IPOs to Invest. So without wasting any more time let’s start.
About Azad Engineering Limited
The company said it is a leading manufacturer specializing in the aerospace and defense, energy and oil and gas industries. Their primary focus is on manufacturing highly sophisticated, engineered components critical to mission and life-critical applications. The product range includes complex 3D rotating airfoil sections for turbine engines and other essential components for defense and civil aircraft, spacecraft, defense missiles, nuclear power, hydrogen, gas power, oil and thermal power. The precision forging and machining processes they use are complex and mission-critical, with some requiring “zero parts per million” standards.
Since starting operations in 2008, the company has become a major player in the aerospace and defense, energy and oil and gas sectors. They collaborate with global original equipment manufacturers (OEMs) in these industries, doing business in more than 16 countries. With over 15 years of experience, they serve as a Tier I supplier, delivering high-precision, precision-forged and machined components.
The company explained that their demand is fueled by orders related to military and commercial aircraft, spaceships, gas, hydrogen, nuclear and thermal turbine engines and oil and gas components. Growth in consumption and energy demand will drive this demand. They have in-house expertise in engineering, design, tooling and material development, complemented by finishing and assembly operations. Continuous improvement is their focus, and their manufacturing and quality processes adhere to global standards.
The company highlighted that their vast experience in manufacturing critical engine components gives them a unique position among global competitors. They emphasized on being a technology driven and innovative company delivering high-quality, cost-effective solutions to the challenging needs of global OEMs.
Azad Engineering IPO GMP
| Exp. Premium (GMP) | ₹360-380(69%) per Share |
About Azad Engineering IPO
Here is some information about Azad Engineering IPO which will help you in making a decision to invest in Azad Engineering IPO. It appears to be a book-built offer with a total value of ₹740.00 crore, including combination of fresh issue of ₹240.00 crores and offer for sale of ₹500.00 crores.
Summary of the key details
- Issue Size: ₹740.00 crores
- Offer for Sale: 9,541,985 shares
- Subscription Period: December 20, 2023 to December 22, 2023
- Allotment Date: December 26, 2023
- Listing Date: December 28, 2023
Price Range of Azad Engineering IPO
- ₹499 to ₹524 per share
Lot Size of Azad Engineering IPO
- Minimum Lot: 28 Shares.
- Minimum Investment for Retail Investors: ₹14,672
Minimum Lot Size Investments for Azad Engineering IPO
- S-HNI: 14 lots (392 shares), amounting to ₹2,05,408
- B-HNI: 69 lots (1,932 shares), amounting to ₹10,12,368
This information provides potential investors with the details they need to participate in the Azad Engineering IPO. It is important to note that investing in IPOs carries risks, and individuals should do their own research or consult financial professionals before making investment decisions.
To Open a trading and demat account in Zerodha
Azad Engineering IPO
| Open Date | December 20, 2023 |
| Close Date | December 22, 2023 |
| Allotment Date | December 26, 2023 |
| Listing Date | December 28, 2023 |
| Face Value | ₹2 Per Equity Share |
| Issue Price | ₹499-524 Per Equity Share |
| Issue Size | Fresh:- 4,580,153 shares (Aggregating up to ₹240.00 Cr) OFS:- 9,541,985 shares (Aggregating up to ₹500.00 Cr) |
| Market Lot (Min. Amount) | Retail: 29 Shares (₹14,672/-) S-HNI: 392 Shares (₹2,05,408/-) B-HNI: 1,932 Shares (₹10,12,368/-) |
| Listing at Group(s) | BSE, NSE |
| Lead Manager | Axis Capital Limited ICICI Securities Limited SBI Capital Markets Limited Anand Rathi Securities Limited |
| Register | Kfin Technologies Limited |
| Retail Portion | 35% |
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Valuations of Azad Engineering IPO
| Earnings Per Share (EPS) | ₹1.79/- |
| P/E Ratio | N/A |
| RoNW | 4.23% |
| Net Asset Value (NAV) -as on 31.03.23 | ₹N/A |
Azad Engineering Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves & Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 30 Sep 2023 | 636.63 | 169.54 | 26.89 | 221.14 | 321.94 | |
| 31 Mar 2023 | 589.21 | 261.52 | 8.47 | 202.51 | 300.60 | |
| 31 Mar 2022 | 404.32 | 199.26 | 29.46 | 118.88 | 197.18 | |
| 31 Mar 2021 | 256.05 | 125.03 | 11.50 | 89.42 | 87.71 |
Promoter(s)
| Pre Issue Share Holding | -% |
| Post Issue Share Holding | -% |
Company Promotor(s):-
- Rakesh Chopda
If you are new to the investment section and want to know how to invest in IPOs, you can read our article “How to Invest in IPOs?“.
Key Performance Indicator
| KPI | Values |
|---|---|
| P/E (x) | 292.74 |
| ROCE | 12.99% |
| Debt/ Equity | 1.47 |
| EPS (Rs) | 1.79 |
| RoNW | 4.23 |
Issue Objective(s)
- Funding capital expenditure of the company.
- Repayment/ prepayment, in part or full, of certain of the borrowings availed by the company
- General corporate purposes
Azad Engineering IPO Registrar
| Name | Kfin Technologies Limited |
| Phone | 04067162222, 04079611000 |
| azad.ipo@kfintech.com | |
| Website | https://kosmic.kfintech.com/ipostatus/ |
Azad Engineering IPO Review
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Conclusion
In conclusion, the Azad Engineering IPO presents a significant investment opportunity, with a subscription period from December 20, 2023 to December 22, 2023. The company, a leading manufacturer in the aerospace, defense, energy and oil and gas industries, has a strong track record of over 15 years, serving as a Tier I supplier with a focus on precision-fabricated and machined components.
The IPO details include an issue size of ₹740.00 crore with a price range of ₹499 to ₹524 per share. The company’s operations extend globally, collaborating with original equipment manufacturers in more than 16 countries. Demand for their products is driven by orders for military and commercial aircraft, spaceships and various energy sectors.
Investors are advised to carefully consider the details, including lot size and minimum investment requirements, before participating in the IPO. It is critical to note that investing in IPOs carries inherent risks, and individuals are encouraged to conduct thorough research or consult financial professionals.
The IPO is scheduled for allotment on December 26, 2023, with listing set for December 28, 2023. As with any investment, it is recommended to stay updated on market conditions and company performance. For further details and assistance, investors may refer to the Azad Engineering IPO FAQ or contact the Registrar, Kfin Technologies Limited.
Azad Engineering IPO FAQs
When Azad Engineering IPO is coming?
The Azad Engineering IPO opens on December 20, 2023 and closes on December 22, 2023.
What is the lot size of Azad Engineering IPO?
Azad Engineering IPO lot size is 28 Shares, and the minimum amount required is ₹14,672.
When Azad Engineering IPO Allotment?
The finalization of Basis of Allotment for Azad Engineering IPO will be done on Tuesday, December 26, 2023, and the allotted shares will be credited to your demat account by Wednesday, December 27, 2023.