Azad Engineering Limited (MAINBOARD)
December 20, 2023 – December 22, 2023
| Price | ₹499 - ₹524 |
| Premium | ₹200 |
|---|---|
| Lot size | 28 |
| Allotment | Dec 26, 2023 |
| Listing | Dec 28, 2023 |
Live Rate
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Shareholding Pattern
Subscription
Last Updated as on 22-Dec-2023 18:33:00
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIBs | 2808852 | 504638624 | 179.66 |
| HNIs | 2170108 | 189988232 | 87.55 |
| HNIs (10+L) | 1446738 | 131046888 | 90.58 |
| HNIs (2-10L) | 723370 | 58941344 | 81.48 |
| Retail | 5063585 | 120055992 | 23.71 |
| Employees | 80160 | 1177540 | 14.69 |
| Total | 10122705 | 815860388 | 80.6 |
| Total Application : 3,928,256 | |||
| QIB Cost (7 Days) per share | |||||
|---|---|---|---|---|---|
| @7% ₹126.38 | @8% ₹144.44 | @9% ₹162.49 | @10% ₹180.55 | @11% ₹198.6 | @12% ₹216.66 |
About
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 28 | 14672 | 175573 |
| sHNI | 14 | 392 | 205408 | 1792 |
| bHNI | 69 | 1932 | 1012368 | 3583 |
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.
Azad Engineering IPO Details
| Issue Size | [14122138] shares (aggregating up to ₹740.00 Cr) |
| Fresh Issue | [4580153] shares (aggregating up to ₹240.00 Cr) |
| Offer for Sale | [9541985] shares of ₹2 (aggregating up to ₹500.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 54,532,842 |
Azad Engineering IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
Company Financials
Azad Engineering Limited Financial Information (Restated)
Azad Engineering Limited's revenue increased by 31.24% and profit after tax (PAT) dropped by -71.24% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period | 30 Sep 2023 | Mar 2023 | Mar 2022 | Mar 2021 |
| Assets | 636.63 | 589.21 | 404.32 | 256.05 |
| Revenue | 169.54 | 261.52 | 199.26 | 125.03 |
| Profit | 26.89 | 8.47 | 29.46 | 11.50 |
| Net Worth | ||||
| Reserves | 221.14 | 202.51 | 118.88 | 89.42 |
| Borrowing | 324.94 | 300.60 | 197.18 | 87.71 |
| Amount in ₹ Crore | ||||
Strength
Weakness
Latest Announcements
| Date | Subject | Attachment Text |
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Financial Results
Lead Manager(s)
Address
Azad Engineering Limited
90/C, 90/D, Phase-1,
I.D.A. Jeedimetla,
Hyderabad 500055
Phone: +91 40 2309 7007
Email: cs@azad.in
Website: https://www.azad.in/