✓
Open
20 Dec 2023
✓
Close
22 Dec 2023
3
Allotment
—
✓
Listing
Thu, Dec 28, 2023
Price Band
₹499 to ₹524
Issue Size
1,41,22,108 shares (agg. up to ₹740 Cr)
Lot Size
28 Shares
Listing Date
Thu, Dec 28, 2023
Latest GMP
₹195
Est. Gain
37.21%
✦ AI Insight
GMP Trend
28-12-2023₹195Est. ₹719+37.21%
27-12-2023₹205Est. ₹729+39.12%
26-12-2023₹300Est. ₹824+57.25%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 57.77x |
Restated Financials (₹ Cr.)
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 636.63 | 589.21 | 404.32 | 256.05 |
| Total Income | 169.54 | 261.52 | 199.26 | 125.03 |
| Profit After Tax | 26.89 | 8.47 | 29.46 | 11.50 |
| Reserves and Surplus | 221.14 | 202.51 | 118.88 | 89.42 |
| Total Borrowing | 324.94 | 300.60 | 197.18 | 87.71 |
| Amount in ₹ Crore |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding capital expenditure of the Company | 60.40 |
| 2 | Repayment/prepayment, in part or full, of certain borrowings availed by the Company | 138.19 |
| 3 | General corporate purposes | 24.17 |
About Azad Engineering IPO
Incorporated in 1983, Azad Engineering Limited is a manufacturer of aerospace components and turbines. The company supplies its products to original equipment manufacturers (OEMs) in the aerospace, defense, energy, and oil and gas industries. Azad Engineering's products are highly engineered, complex, mission-critical, and vital. As of September 30, 2023, the company generated revenue of ₹1,142.92 million from the sale of blades for the energy industry. The company's customer base includes the USA, China, Europe, the Middle East and Japan. The company has four manufacturing facilities in Hyderabad, Telangana, India. These facilities are capable of producing high-precision forged and machined components and have a total production area of around 20,000 square meters. The company is also planning to set up two more manufacturing units at Tuniki Bollaram village in Siddipet district, Telangana, and Mangampet village in Sangareddy district, Telangana. These plants will have a total production area of 94,898.78 and 74,866.84 square meters respectively. Azad Engineering is headquartered in Hyderabad, Telangana, India, and employs 201-500 people.+ Read More
Contact Details
Azad Engineering Ltd. Address90/C, 90/D, Phase-1I.D.A.JeedimetlaHyderabad, Telangana, 500055+91 40 2309 7007cs@azad.inVisit Website