Azad Engineering Ltd

Engineering

Offer Period :

20th to 12th Dec 2023

Established in 1983, Azad Engineering Limited, based in Hyderabad, India, manufactures aerospace components and turbines for OEMs in aerospace, defense, energy, and oil and gas industries. Read more... With a revenue of ₹1,142.92 million as of September 2023, the company plans to expand with two new manufacturing units in Telangana.Read less

Azad Engineering Ltd IPO Details

IPO Date 20th to 12th Dec 2023 Minimum Investment ₹14672 / 1 Lots
Listing Date 2023-12-28 Maximum Investment ₹190736 / 13 Lots
Face Value ₹2 per share Total Issue Size ₹740 Crores
Price ₹524 to ₹524 per share Fresh Issue ₹240 Crores
Lot Size 1 Lots (28 Shares) Offer For Sale ₹ 500
Listing At BSE, NSE Retail Discount ₹ 0
Employee Discount ₹ 0    
IPO Date 20th to 12th Dec 2023
Listing Date 2023-12-28
Face Value ₹2 per share
Price ₹524 to ₹524 per share
Lot Size 1 Lots (28 Shares)
Listing At BSE, NSE
Employee Discount ₹0 Crores
Minimum Investment ₹14672 / 1 Lots
Maximum Investment ₹190736 / 13 Lots
Total Issue Size ₹740 Crores
Fresh Issue ₹240 Crores
Offer For Sale
Retail Discount ₹ 0

Tentative Timeline

Important dates for allocation and IPO listing.

20th Dec

IPO Starts

22nd Dec

IPO Ends

26th Dec

Allotment Date

27th Dec

Initiation of Refund

27th Dec

Credit of Shares to Demat Account

28th Dec

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 77.46 64.81
Public Group 22.54 35.19

Azad Engineering Ltd IPO Reservation

QIB Shares Offered 7061069(50%)
NII (HNI) Shares Offered 2118320(15%)
Retail Shares Offered 4942748(35%)
Anchor Investor Shares Offered 0(0%)
Total Shares Offered 14122137
Total Shares With Anchor Investor 14122137

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

Azad Engineering Ltd IPO Registrar

KFin Techologies Ltd
Phone Number +91 40 6716 2222
Email Id azad.ipo@kfintech.com
Our Website www.kfintech.com

Azad Engineering Ltd IPO Lead Manager

1. Axis Capital Ltd

2. ICICI Securities Ltd

3. SBI Capital Markets Ltd

4. Anand Rathi Advisors Ltd

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Azad Engineering Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed

Strength of Azad Engineering Ltd

1. Engineered for success and a preferred name in the manufacturing of highly engineered, complex, and mission and life- critical high precision components for global OEMs growing competition from China and Eastern Europe.

2. Supplying to OEMs with high global market penetration.

3. Long-standing and deep customer relationships.

4. Advanced manufacturing facilities with a diverse range of products and solutions with focus on innovation and cost competitiveness.

5. Consistent track record of financial performance.

Risks Involved

1. Its business is dependent on the sale of its products to key customers. The loss of any of the company key customers or loss of revenue from sales to its customers could have a material adverse effect on its business, results of operations, financial condition, cash flows and future prospects.

2. The company is highly dependent on its Hyderabad facilities for the entire portion of the company revenue from operations. Any disruption, breakdown or shutdown of its Hyderabad facility may adversely affect the company's business, results of operations, financial condition, cash flows and future prospects.

3. Any failure to compete effectively in the highly competitive global industry of high precision and mission critical components manufacturing could have a material adverse effect on its business, results of operations, financial condition, cash flows and future prospects.

4. Its contracts/ purchase orders may not be indicative of the company future growth rate or new business orders its will receive in the future. Further, the company may not realize all of the revenue expected from its contracts/ purchase orders.

5. The global nature of its operations exposes it to numerous risks that could materially adversely affect its business, results of operations, financial condition, cash flows and future prospects.

6. The markets in which its customers compete are characterized by sectors specific to the industries which the company cater to, and their rapidly changing preferences and other related factors including lower manufacturing costs. Accordingly, its may be affected by any disruptions in the industry which can adversely impact its business, financial condition, results of operations, cash flows and prospects.

7. There may be problems with the products its manufacture that could result in liability claims against it, reduced demand for our products and damage to its reputation.

8. The company is highly dependent on its Promoter and its management team, senior management personnel and key managerial personnel and the loss of any key team member may adversely affect its business performance.

9. The company depends on third party suppliers for raw materials, plant, machinery and components, which are on a purchase order basis. Such suppliers may not perform, or be able to perform their obligations in a timely manner, or at all and any delay, shortage, interruption, reduction in the supply of or volatility in the prices of raw materials, plant, machinery and components on which its relies may have a material adverse effect on the company's business, results of operations, financial condition, cash flows and future prospects.

10. The company is subject to strict compliance of quality requirements which results in incurring significant expenses to maintain its product quality. Any failure in maintaining the company quality accreditations and certifications may negatively impact its brand and reputation which may adversely affect the company's business, results of operations, financial condition, cash flows and future prospects.

Why should you invest in

-

Financials

Particulars For the financial year ending (in ₹ million)
  2023 2022 2021
Total Assets 589.21 404.32 256.05
Total Liabilities 589.21 404.32 256.05
Total Expenses 248.36 159.13 108.79
Total Revenue 
261.52 199.26 125.03
Profit After Tax 8.47 29.46 11.5
EBITDA 82.12 67.06 30.46
Adjusted EBITDA 0 0 0

Azad Engineering Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2023-12-28 544061 AZAD
INE02IJ01035
₹524 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹524 ₹524
Open ₹710 ₹720
Low ₹670.05 ₹670
High ₹727.5 ₹727
Low ₹670.05 ₹670

Frequently Asked Questions

What is Azad Engineering Ltd IPO?

Answer Field

Azad Engineering Ltd IPO is a Mainboard IPO of 1,41,22,137 equity shares of a face value of ₹2 aggregating up to ₹740 Crores. The issue is priced at ₹524 to ₹524 per share. The minimum order quantity is 28 Shares. The IPO opens on December 20, 2023, and closes on December 22, 2023. KFin Techologies Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE,NSE.

When Azad Engineering Ltd IPO will open?

Answer Field

The Azad Engineering Ltd IPO opens on December 20, 2023 and closes on December 22, 2023.

What is the lot size of Azad Engineering Ltd?

Answer Field

Azad Engineering Ltd lot size is 28 shares, and the minimum amount required is ₹14,672.

How to apply for Azad Engineering Ltd IPO?

Answer Field

You can apply in Azad Engineering Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Azad Engineering Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Azad Engineering Ltd IPO will be done on December 26, 2023, and the allotted shares will be credited to your demat account by December 27, 2023.

When is Azad Engineering Ltd IPO listing date?

Answer Field

The Azad Engineering Ltd listing date is December 28, 2023.

Who is the registrar of Azad Engineering Ltd IPO?

Answer Field

The registrar of Azad Engineering Ltd IPO is KFin Techologies Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

Axis Capital Ltd,ICICI Securities Ltd,SBI Capital Markets Ltd,Anand Rathi Advisors Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Azad Engineering Ltd IPO?

Answer Field

The fresh issue size is ₹240 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Azad Engineering Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 28 shares and ₹14,672 amount.

How can I approve the UPI mandate request for Azad Engineering Ltd IPO?

Answer Field

To apply for Azad Engineering Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Azad Engineering Ltd?

Answer Field

The price of each Azad Engineering Ltd share will be ranging in between ₹524 to ₹524 per share.

What is the cut-off time for the UPI mandate for Azad Engineering Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, December 22, 2023.

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