Azad Engineering Limited Incorporated in 1983, The Company 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.
Azad Engineering Limited IPO Timetable
| Particular | Date |
| IPO Open Date | 20 Dec 2023 |
| IPO Close Date | 22 Dec 2023 |
| Allotment Date | 26 Dec 2023 |
| IPO Listing Date | 28 Dec 2023 |
Azad Engineering Limited IPO Timetable
| Issue Type | Book Built Issue IPO |
| Face Value | Rs. 2 Per Equity Share |
| IPO Price | Rs. 499 to Rs. 524 Per Equity Share |
| Market Lot | 28 Share |
| ISIN Code | |
| Listing At | NSE & BSE |
| Issue Size | Approx. Rs. 740 Crore. |
Azad Engineering Limited IPO Timetable
| Application | Lots | Shares | Amount |
| Minimum | 1 | 28 | Rs. 14672 |
| Maximum | 13 | 364 | Rs. 190736 |
| Small HNI (Minimum) | 14 | 392 | Rs. 205408 |
| Big HNI (Minimum) | 69 | 1932 | Rs. 1012368 |
Azad Engineering Limited IPO Timetable
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Company Financials:
| Particular | 31 March 2023 | 31 March 2022 | 31 March 2021 |
| Total Assets | 589.21 | 404.32 | 256.05 |
| Total Revenue | 261.52 | 199.26 | 125.03 |
| Profit After Tax | 8.47 | 29.46 | 11.50 |
Company Promoters:
The promoter of the company is Rakesh Chopda.
Purpose of the 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.
Registrar & Company Details
| Company Contact Information | IPO Registrar |
| 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/ | Kfin Technologies Limited Phone: 04067162222, 04079611000 Email: azad.ipo@kfintech.com Website: https://kosmic.kfintech.com/ipostatus/ |
