247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

Azad Engineering Limited IPO (Azad Engineering IPO) Details

Azad Engineering Limited is an Engineering - Heavy Machinery based company, located in Hyderabad, Azad Engineering Limited IPO size was 740.00 Cr. and was issued at 524.00 per share. The share of Azad Engineering Limited were listed at 677.10 per share and are currently trading at 1686.25 per share.

Type :
Sub Sector : Aerospace Turbines
MainBoard IPO

Financial Summary (at the time of ipo, on annualised basis)

Revenue :
339.08 Cr.

PAT :
53.78 Cr.

Pricing Report

Issue Price :
524.00

Listing Price :
677.10

Current Market Price :
1686.25

Issue Price vs CMP :
1162.25 (221.80%)

listing Price vs CMP :
1009.15 (149.04%)

Performance Report (CAGR* wise)

CAGR : 198.57
-ve 0 6 9 12+
Above Average

*CAGR is calculated basis issue price at the time of IPO and Current Market Price without taking into Consideration Bonus/Right issue.

About Azad Engineering

Company Information
Azad Engineering Limited is a key manufacturer of highly engineered, complex, and mission-critical components, supplying to global OEMs in the aerospace and defense, energy, and oil and gas industries (Source: EY Report). It manufactures precision forged and machined components that meet "zero parts per million" defect requirements due to their critical nature (Source: EY Report). Competing with manufacturers from China, Europe, the USA, and Japan, the company serves notable global OEMs like General Electric, Honeywell International, Mitsubishi Heavy Industries, Siemens Energy, Eaton Aerospace, and MAN Energy Solutions SE. Its components have been supplied to countries such as the USA, China, Europe, the Middle East, and Japan since its inception (Source: EY Report), positioning it as a key player in the global supply chain. From Financial
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Object of Issue
  • Funding capital expenditure of the Company
  • Repayment/prepayment, in part or full, of certain of the borrowings availed by the Company and
  • General corporate purposes

Azad Engineering MainBoard IPO Details (at the time of IPO)

IPO Type :
Book Building
IPO Date :
Dec, 2023
IPO Size :
740.00 Cr.
Market Cap :
3097.52 Cr.   
IPO Subscription :
83.04 X     
PE Multiple :
10.60
Merchant Banker :
Anand Rathi Securities Limited
IPO Registrar:
Kfin Technologies Limited

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FAQs

Azad Engineering operates in Engineering - Heavy Machinery and Aerospace Turbines. The Issue is listed on MainBoard in Dec, 2023. Azad Engineering IPO size was 740.00 Cr. with Issue price of 524.00 .

Merchant Banker(s) of Azad Engineering IPO: Anand Rathi Securities Limited , Axis Capital Limited , ICICI Securities Limited , SBI Capital Markets Limited

Azad Engineering IPO subscription was 83.04 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

Azad Engineering IPO listed at a listing price of 677.10 against the offer price of 524.00.

The current market price of Azad Engineering is 1686.25.

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