BSE & NSE
20 Dec - 22 Dec '23
₹499 - ₹524
Azad Engineering Ltd. is a specialty manufacturer with product lines in the energy, oil and gas, aerospace and defence, and other industries. It produces intricate, intricately engineered, mission- and life-critical components. Among its main products are 3D spinning air-foil sections for turbine engines, as well as other essential items for spaceships, defence missiles, nuclear power, hydrogen, gas power, oil, and thermal power, as well as other military and commercial aircraft.
The portion of the new issue will be used to pay off or prepay the company's outstanding debts as well as to acquire capital expenditures (CAPEX). The new cash will also be utilised, in part, for general business objectives. Axis Capital, ICICI Securities, SBI Capital Markets, and Anand Rathi Securities will oversee the lead management of the IPO. The issue's registrar will be KFIN Technologies Ltd.
|Application opens on
|20th December 2023
|Last date of application
|22nd December 2023
|Date of Allotment
|26th December 2023
|Refund begins from
|27th December 2023
|Credit of shares to Demat
|27th December 2023
|28th December 2023
Azad Engineering Limited is the most favoured partner of extremely important names and a specialised player in the life-critical component space. Throughout the stated periods, the company's top line has likewise shown consistent growth.
In the very complicated technical solutions for the hydrocarbon, aerospace, and defence industries, the company is a chosen partner. Additionally, the company enjoys long-standing, close client connections with some of the most prestigious original equipment manufacturers (OEMs) worldwide.
Although sales have increased steadily over the past three years, the newest year's profits decreased, primarily due to a dramatic increase in labour and staff expenditures. The demand for competent labour in this highly competitive industry is significantly higher than the supply, which means that labour prices will be higher.
Although the IPO is valued at a higher amount than before, this can be readily explained by the company's distinctive positioning and the anticipated margins over the next two years. This is ideally a long-term niche play into an industry that supports the defense, aerospace, and hydrocarbons sectors, which are all experiencing rapid expansion and attention.
The majority of Azad Engineering Limited's operating income is derived from its Hyderabad and Telangana facilities. The business, financial standing, and future prospects of the company could be adversely affected by any disruption, malfunction, or shutdown of the Hyderabad facility.
Check out the financial performance of Azad Engineering for recent years:
|Rs 259 crore
|Rs 102 crore
|Rs 8 crore
|Rs 406 crore
|Rs 193 crore
|Rs 27 crore
|Rs 589 crore
|Rs 251 crore
|Rs 13 crore
Azad Engineering Ltd has JSW Infrastructure Limited, Syrma SGS Technology Limited, and Ratan India Enterprises as its peers. Take a look at their performances:
|JSW Infrastructure Limited
|Syrma SGS Technology Limited
|Ratan India Enterprises
You can apply for the Azad Engineering Ltd. IPO in these ways:
Link your personal bank A/C to a trusted UPI ID and map it with your TradeSmart account. Now, proceed further to book your IPO. On acceptance of the mandate, the bid amount will get blocked in your bank account Learn more.
Azad Engineering Ltd IPO will open for subscription on December 20 and close on December 22.
The price band for Azad Engineering Ltd IPO is ₹499 to ₹524 per share.
The offer for sale comprises sale of equity shares worth ₹170 crore by Rakesh Chopdar and ₹280 crore by Piramal Structured Credit Opportunities Fund and ₹50 crore by DMI Finance Private Limited.
The minimum is 1 and maximum is 13.
The promoter shareholding in Azad Engineering Ltd after the IPO will reduce to 73.05% from 88.24% currently.
Axis Capital, ICICI Securities, SBI Capital Markets and Anand Rathi are the joint Book Running Lead Managers (BRLMs) to the issue.
Kfin Technologies Ltd. is the registrar for Azad Engineering Ltd IPO.
The finalisation of the basis of allotment for Azad Engineering Ltd IPO will be done on December 26, and the allotted shares will be credited to investors’ demat accounts by December 27.
The equity shares of Azad Engineering Ltd are proposed to be listed on December 26, 2023, on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).