Azad Engineering IPO Description – Azad Engineering stands as a pivotal producer of certified product ranges, catering to international original equipment manufacturers (OEMs) across the aerospace and defense, energy, and oil and gas sectors. The company specializes in the production of intricately engineered, sophisticated components crucial for both mission success and life preservation.
The company faces competition from manufacturers in China, Europe, the USA, and Japan. Its customer base comprises worldwide OEMs in the aerospace and defense, energy, and oil and gas sectors, including but not limited to General Electric, Honeywell International Inc., Mitsubishi Heavy Industries Ltd., Siemens Energy, Eaton Aerospace, and MAN Energy Solutions SE.
The product range includes 3D rotating airfoil/blade sections for turbine engines and other vital components serving two primary purposes: (a) for both defense and civil aircraft as well as spacecraft, and (b) for gas, nuclear, and thermal turbines employed in industrial applications and energy generation.
Azad Engineering has proven manufacturing capabilities and has delivered 3.09 million units between Fiscal 2009 to Fiscal 2023. The majority of the revenue is generated through exports to global OEMs, supported by long-term contracts. As of 30 September 2023, 89.69% of the total revenue comes from contracts with customers located outside India. For Fiscal 2023, the exports and domestic sales amounted to INR 202.31 crore and INR 49.37 crore, respectively, and private, and government sales and export incentives amounted to INR 233.70 crore, INR 17.60 crore, and INR 0.37 crore, respectively.
Promoters of Azad Engineering – Rakesh Chopdar
Azad Engineering IPO Details
| Azad Engineering IPO Dates | 20 – 22 December 2023 |
| Azad Engineering IPO Price | INR 499 – 524 per share |
| Fresh issue | 4,580,151 shares (INR 228.55 – 240 crore) |
| Offer For Sale | 9,541,957 shares (INR 476.14 – 500 crore) |
| Total IPO size | 14,122,108 shares (INR 704.69 – 740 crore) |
| Minimum bid (lot size) | 28 shares (INR 14,672) |
| Face Value | INR 2 per share |
| Retail Allocation | 35% |
| Listing On | BSE, NSE |
Azad Engineering Financial Performance
| Â | FY 2021 | FY 2022 | FY 2023 | H1 FY 2024 |
| Revenue | 122.72 | 194.47 | 251.68 | 158.75 |
| Expenses | 108.79 | 159.13 | 248.36 | 137.92 |
| Net income | 11.50 | 29.46 | 8.47 | 26.89 |
| Margin (%) | 9.37 | 15.15 | 3.37 | 16.94 |
Azad Engineering Offer News
- Azad Engineering IPO Review in 7 Points
- Azad Engineering IPO price fixed at INR 499 – 524, issue opens on 20 December
- Azad Engineering RHP
- Azad Engineering DRHP
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Subscription Status
Azad Engineering Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 2.53 | 6.49 | 1.79 |
| PE ratio | – | – | 278.77 – 292.74 |
| RONW (%) | 12.65 | 25.37 | 4.23 |
| NAV | 20.02 | 25.58 | 42.30 |
| ROCE (%) | 12.09 | 16.95 | 12.99 |
| EBITDA (%) | 22.94 | 32.02 | 28.72 |
| Debt/Equity | 0.97 | 1.64 | 1.47 |
Azad Engineering IPO GMP Today (Daily Trend)
| Date | Day-wise IPO GMP | Kostak | Subject to Sauda |
| 27 December 2023 | 300 | – | 6,200 |
| 26 December 2023 | 300 | – | 6,200 |
| 23 December 2023 | 400 | – | 8,000 |
| 22 December 2023 | 370 | – | 7,500 |
| 21 December 2023 | 410 | – | 8,700 |
| 20 December 2023 | 450 | – | 9,100 |
| 19 December 2023 | 430 | – | 8,700 |
| 18 December 2023 | 400 | – | 8,000 |
| 16 December 2023 | 400 | – | 8,200 |
Azad Engineering IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Employee | Total |
|---|---|---|---|---|---|
| Shares Offered | 28,08,852 | 21,70,108 | 50,63,585 | 80,160 | 1,01,22,705 |
| 22 Dec 2023 | 179.66 | 87.54 | 23.69 | 14.64 | 80.59 |
| 21 Dec 2023 | 1.53 | 23.54 | 11.17 | 6.25 | 11.11 |
| 20 Dec 2023 | 0.05 | 6.13 | 3.93 | 2.06 | 3.31 |
Azad Engineering IPO Allotment Status
Azad Engineering IPO allotment status is now available on the KFin Tech website. Click on this link to get allotment status.
Azad Engineering IPO Dates & Listing Performance
| Azad Engineering IPO Opening Date | 20 December 2023 |
| Azad Engineering IPO Closing Date | 22 December 2023 |
| Finalization of Basis of Allotment | 27 December 2023 |
| Initiation of refunds | 27 December 2023 |
| Transfer of shares to demat accounts | 27 December 2023 |
| Azad Engineering IPO Listing Date | 28 December 2023 |
| Opening Price on NSE | INR 720 per share (up 37.4%) |
| Closing Price on NSE | INR 677.50 per share (up 29.29%) |
Azad Engineering IPO Reviews – Subscribe or Avoid?
Angel One –
Anand Rathi –
Ajcon Global – Subscribe
Antique Stock Broking –
Arihant Capital –
Ashika Research –
Asit C Mehta –
BP Wealth – Subscribe
Canara Bank Securities – Subscribe
Choice Broking – Subscribe with Caution
Capital Market – May Apply
Dalal & Broacha –
Elite Wealth –
GCL Broking –
Geojit –
GEPL Capital – Subscribe
Hem Securities – Subscribe
InvestmentZ – Not Rated
Indsec Securities – Subscribe
ICICIdirect –
Jainam Broking –
KR Choksey –
LKP Research –
Marwadi Financial –
Motilal Oswal –
Nirmal Bang – Subscribe
Reliance Securities – Subscribe
Religare Broking –
SBICAP Securities – Not Rated
Samco Securities – Not Rated
SMC Global – 2/5
Swastika Investmart – Subscribe
Ventura Securities – Subscribe
Azad Engineering Offer Lead Manager
ICICI SECURITIES LIMITED
ICICI Venture House, Appasaheb Marathe Marg
Prabhadevi, Mumbai 400 025, Maharashtra
Phone: +91 22 6807 7100
Email:Â [email protected]
Website:Â www.icicisecurities.com
Azad Engineering Offer Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel:Â +91 40 6716 2222
E-mail:Â [email protected]
Website:Â www.kfintech.com
Azad Engineering Contact Details
AZAD ENGINEERING LIMITED
90/C, 90/D, Phase-1, I.D.A. Jeedimetla,
Hyderabad 500 055, Telangana, India
Phone:Â +91 40 2309 7007
Email:Â [email protected]
Website: www.azad.in
Azad Engineering IPO FAQs
How many shares in Azad Engineering IPO are reserved for HNIs and retail investors?
The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.
How to apply in Azad Engineering Public Offer?
The best way to apply in Azad Engineering public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.
What is Azad Engineering IPO GMP today?
Azad Engineering IPO GMP today is INR 300 per share.
What is Azad Engineering kostak rate today?
Azad Engineering kostak rate today is INR NA per application.
What is Azad Engineering Subject to Sauda rate today?
Azad Engineering Subject to Sauda rate today is INR 6,200 per application.
