Azad Engineering Limited IPO
₹80 - ₹81
1600
83.04
| Open Date: | 20-Dec-2023 |
| Close Date: | 22-Dec-2023 |
| Allotment Date: | 26-Dec-2023 |
| Listing Date: | 28-Dec-2023 |
| Listing Price: | ₹667.2/- |
| Face Value: | ₹2 Per Equity Share |
| Issue Price: | ₹499-524 Per Equity Share |
| Issue Size: | Total Issue Size 14,122,138 shares (aggregating up to ₹740.00 Cr) : Fresh Issue 4,580,153 shares (aggregating up to ₹240.00 Cr) : Offer for Sale 9,541,985 shares of ₹2 (aggregating up to ₹500.00 Cr) |
| Market Lot (Min Amount): | Retail - ₹14,672 : S-HNI - ₹205,408 : B-HNI - ₹1,012,368 |
As on | QIB | Nll | Rll | Total |
|---|---|---|---|---|
| Shares Offered/Reserved | 2,809,155 | 2,106,866 | 4,916,021 | 9,832,042 |
| Day 1 - 20-12-23 05:00 PM | 0.05x | 6.38x | 4.23x | 3.51x |
| Day 2 - 21-12-23 05:00 PM | 1.53x | 24.36x | 11.76x | 11.59x |
| Day 3 - 22-12-23 05:00 PM | 179.64x | 90.24x | 24.51x | 83.04x |
| Total No. of Application: | 3,940,409 (Approx.) | |||
| Retail Subscription on the basis of Apps: | 22.44x | |||
| Earning Per Share(EPS) | ₹1.79/- |
| P/E Ratio | 292.74 |
| RoNW | 4.23% |
| Net Asset Value (NAV) - Post Issue: | ₹42.30/- |
| Total Assets | Total Revenue | Profit After Tax | |
|---|---|---|---|
| 31 Sep,2023 | 636.63 | 169.54 | 26.89 |
| 31 Mar,2023 | 589.21 | 261.52 | 8.47 |
| 31 Mar,2022 | 404.32 | 199.26 | 29.46 |
| 31 Mar,2021 | 256.05 | 125.03 | 11.50 |
| Pre Issue Share Holding | 78.61% |
| Post Issue Share Holding | 56.38% |
| 1. Rakesh Chopda |
The Net Proceeds of the Fresh Issue are proposed to be utilized in the following manner:
- 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.
Incorporated in 1983, Azad Engineering Limited 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.
The company has four manufacturing facilities in Hyderabad, Telangana, India. These facilities are capable of producing high-precision forged and machined components and have a total production area of around 20,000 square meters. The company is also planning to set up two more manufacturing units at Tuniki Bollaram village in Siddipet district, Telangana, and Mangampet village in Sangareddy district, Telangana. These plants will have a total production area of 94,898.78 and 74,866.84 square meters respectively.
Azad Engineering is headquartered in Hyderabad, Telangana, India, and employs 201-500 people.
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Also we are not a SEBi registered analyst comapny. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published on this application. Above information is based on information available as on date coupled with market perceptions.
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