You Are On:
IPO
IPO
Best Performers
Forthcoming Issues
Closed Issues
New Listings
Current Issues
IPO Performance
IPO News
IPO Analysis
Basis Of Allotment
Draft Prospectus
IPO Snapshot    
Azad Engineering Ltd.
Issue Open Date 20-Dec-23  
Issue Closing Date 22-Dec-23  
Application Money 100  
Allotment Money  
Price Band 499 - 524  
Minimium Application No. 28  
Issue Size (Shares) 14122108  
Market Lot 1.00  
Objective
1. Funding capital expenditure of our Company.2. Repayment/prepayment, in part or full, of certain of our borrowings availed by our Company.3. General corporate purposes.
Category No. of Shares No. of Shares Subscription Ratio
  Offered / Reserved Bid For  
Non-Institutional Investors   2170108   190120000   87.61  
Qualified Institutional Buyers   2808852   504638624   179.66  
Retail Individual Investors   5063585   120471708   23.79  
Business Description
We are one of the key manufacturers of our qualified product lines supplying to global original equipment manufacturers(“OEMs”) in the aerospace and defence, energy, and oil and gas industries, manufacturing highly engineered, complex andmission and life-criti
more...
Promoter's Holding
Total Share Capital   42867570  
Offered to Public   14122108  
Promoter's Holding (Pre-Issue)   78.6  
Promoter's Holding (Post-Issue)    
Address
90/ C
90/ D
Phase-1
I. D. A. Jeedimetla

Hyderabad ,
Telangana ,
500055
Phone:040-23097007
Email:cs@azad.in
Website: www.azad.in
Registrar
K FIN Technologies Ltd.-(Karvy Fintech Pvt Ltd.)
Karvy Selenium Tower B
Plot 31-32
Gachibowli
Financial District
Nanakramguda
Hyderabad
Listed at
BSE, NSE
Lead Manager
Anand Rathi Advisors Ltd.
Axis Capital Ltd.
ICICI Securities Ltd
SBI Capital Markets Ltd
Promoters
Rakesh Chopdar