Azad Engineering Limited makes really important stuff – parts for airplanes and turbines. They sell these parts to big companies in the aerospace, defense, energy, and oil and gas industries.
Their products are super advanced and crucial for missions. By September 30, 2023, they made ₹1,142.92 million selling blades for the energy industry. They have customers in the USA, China, Europe, the Middle East, and Japan.
Azad Engineering has four places in Hyderabad, Telangana, where they make high-tech parts. These places cover around 20,000 square meters. They’re also planning to open two more places in Telangana, which will be way bigger.
Azad Engineering’s main office is in Hyderabad, and they have between 201 to 500 people working for them.
Key Points Regarding Azad Engineering IPO
| IPO Date | December 20, 2023 to December 22, 2023 |
| Price Band | 499 Rs to 524 Rs per share |
| Face Value | Rs 2 per share |
| Lot Size | 28 Shares |
| Total Issue Size | N/A |
| Listing Date | 28 December 2023, Thursday as per the schedule |
| Listing At | BSE, NSE |
Azad Engineering IPO Overview
- Book built issue totaling Rs 740.00 crores.
- Combination of a fresh issue (Rs 240.00 crores) and offer for sale (Rs 500.00 crores).
Subscription Details:
- Subscription period from December 20 to December 22, 2023.
- Allotment expected on Tuesday, December 26, 2023.
Listing Information:
- Tentative listing date set for Thursday, December 28, 2023, on BSE and NSE.
IPO Price Band:
- Price band: ₹499 to ₹524 per share.
Lot Size and Investment:
- Minimum lot size for an application: 28 shares.
- Retail investors require a minimum investment of ₹14,672.
Investment Requirements for Qualified Investors:
- sNII (Non-Institutional Investors): 14 lots (392 shares), totaling ₹205,408.
- bNII (Non-Institutional Investors): 69 lots (1,932 shares), totaling ₹1,012,368.
Azad Engineering Limited Financial
Here’s a quick look at Azad Engineering Limited Financial breakdown in terms of money (in ₹ crores )
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 636.63 | 589.21 | 404.32 | 256.05 |
| Revenue | 169.54 | 261.52 | 199.26 | 125.03 |
| Profit After Tax | 26.89 | 8.47 | 29.46 | 11.50 |
| Net Worth | – | – | – | – |
| Reserves and Surplus | 221.14 | 202.51 | 118.88 | 89.42 |
| Total Borrowing | 324.94 | 300.60 | 197.18 | 87.71 |
Contact Details
Azad Engineering Limited
90/C, 90/D, Phase-1,
I.D.A. Jeedimetla,
Hyderabad 500055
Phone: +91 40 2309 7007
Email: [email protected]
Website: https://www.azad.in/
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