| Company Name | Azad Engineering Limited |
| Open Date | 20-12-2023 |
| Close Date | 22-12-2023 |
| Exchange | BSE, NSE |
| Lot Size | 28 Shares |
| Issue Price | ₹499 to ₹524 per share |
| Issue Size | 1,41,22,138 shares |
| Application Amount | Min. Inv. - ₹ 14,672 (28 shares) Max. Inv. - ₹ 1,90,736 (364 shares) |
| Recommendation | Risk_Averse - Should Wait Risk_Seekers - Should Apply |
Azad Engineering Limited was originally incorporated in the year 1983 and has its registered office in Hyderabad, Telangana. Azad Engineering Limited is a manufacturer of aerospace components and turbines. The Company’s components have been supplied to countries such as USA, China, Europe, Middle East, and Japan. Company’s diversified product ranges across energy, aerospace and defence, and oil and gas industries. As of 30th September 2023, the Company had 1,300 employees on its payroll.
| For the Period Ended | Mar-21 | Mar-22 | Mar-23 | Sep-23 |
| Total Assets | 256.05 | 404.32 | 589.21 | 636.63 |
| Net Assets | 90.89 | 120.01 | 203.99 | 230.54 |
| Total Borrowings | 87.71 | 197.18 | 300.60 | 324.94 |
| Total Revenue | 125.03 | 199.26 | 261.52 | 169.54 |
| Profit After Tax | 11.50 | 29.46 | 8.47 | 26.89 |
| Opening Date | 20/12/2023 |
| Closing Date | 22-12-2023 |
| Basis of Allotment | 26-12-2023 |
| Initiation of Refunds | 27-12-2023 |
| Credit of Shares to Demat | 27-12-2023 |
| Listing Date | 28-12-2023 |
| Funding capital expenditure of the Company. |
| Repayment/prepayment, in part or full of certain of the borrowings availed by the Company. |
| General corporate purposes. |
| Registered Office | Azad Engineering Limited - 90/C, 90/D, Phase-1, I.D.A. Jeedimetla, Hyderabad 500055 |
| Phone | +91 40 2309 7007 |
| cs@azad.in | |
| Website | https://www.azad.in/ |
| Azad Engineering IPO DRHP |
| Azad Engineering IPO RHP |
| Name | Kfin Technologies Limited |
| Phone | 04067162222, 04079611000 |
| azad.ipo@kfintech.com | |
| Website | https://kosmic.kfintech.com/ipostatus/ |
| QIB | 20.00% |
| NII | 15.00% |
| RII | 35.00% |
| Anchor investors | 30.00% |
| Share Holding Pre Issue (Promoters) | 78.61% |
| Share Holding Post Issue (Promoters) | 65.90% |