Azad Engineering Limited

Company Profile
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.

(Read more on the review)

Financial Summary in Cr.

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

Tentative Timeline

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

Objects of the Issue

Funding capital expenditure of the Company.
Repayment/prepayment, in part or full of certain of the borrowings availed by the Company.
General corporate purposes.

Contact Information

Registered Office Azad Engineering Limited - 90/C, 90/D, Phase-1, I.D.A. Jeedimetla, Hyderabad 500055
Phone +91 40 2309 7007

Registrar Details

Name Kfin Technologies Limited
Phone 04067162222, 04079611000

IPO Reservation

QIB 20.00%
NII 15.00%
RII 35.00%
Anchor investors 30.00%

Shareholding Pattern

Share Holding Pre Issue (Promoters) 78.61%
Share Holding Post Issue (Promoters) 65.90%

Contact Us to Enable Your Success!