Full Details About Azad Engineering Limited IPO

About

  • Industry Presence: 🌐 Key manufacturer in aerospace, defence, energy, and oil/gas industries.
  • Product Range: πŸš€ Specialized in highly engineered components for aircraft, spaceships, missiles, and power sectors.
  • Specialization: πŸ› οΈ Expertise in precision forging and machining of complex, mission-critical parts.
  • Quality Standards: πŸ“ Adherence to “zero parts per million” defects requirement for certain components.
  • Global Reach: 🌍 Operations span across 16+ countries, collaborating with global OEMs.
  • Establishment: πŸ“… Started core manufacturing in 2008, now a significant player in the industries.
  • Experience: βŒ› Over 15 years as a tier I supplier of high-precision components.
  • Market Drivers: πŸ“ˆ Demand tied to military, commercial aircraft, spaceships, and energy sector growth.
  • Capabilities: πŸ› οΈ In-house engineering, design, tooling, material development, finishing, and assembly operations.
  • Continuous Improvement: πŸ”„ Focus on enhancing manufacturing and quality processes.
  • Differentiation: 🌟 Technology-driven, innovative approach sets them apart from global competitors.
  • Quality Assurance: 🌐 High-quality products meeting global standards.

Azad Engineering Limited IPO details

Key Details

Information about Azad Engineering Limited IPO presented in bullet points:-

  • Issue Size: πŸ’° β‚Ή740 Cr (Fresh issue: Up to β‚Ή240Cr, Offer for sale: Up to β‚Ή500Cr)
  • Type: πŸ“š Book built issue
  • Subscription Period: πŸ—“οΈ 20-Dec-2023 to 22-Dec-2023
  • Allotment Date: πŸ“… 26 Dec 2023
  • Initiation of Refunds: πŸ’Έ 27 Dec 2023
  • Listing Date: πŸ“ˆ 28 Dec 2023
  • Price Band: πŸ’Ή β‚Ή499 to β‚Ή524 per share
  • Minimum Lot Size: πŸ“Š 28 shares
  • Retail Investor Minimum Investment: πŸ’΅ β‚Ή14,672
  • sNII (Non-Institutional Investors) Minimum Lot Size: 🀝 14 lots (392 shares), amounting to β‚Ή205,408
  • bNII (Non-Institutional Investors) Minimum Lot Size: 🀝 69 lots (1932 shares), amounting to β‚Ή1,012,368
IPO Date20 Dec 23 to 22 Dec 23
Issue Sizeβ‚Ή740 Cr (Initial Public Offer of Fresh issue size Up to β‚Ή240Cr and Offer for sale up to β‚Ή500Cr)
Lot Size28 shares
Price Rangeβ‚Ή499 to β‚Ή524 per share
Face Value β‚Ή2 per share
Issue Type100% book building
Cut-off time for UPI Mandate Confirmation22-Dec-2023 (upto 5:00 PM) The new cut-off time for UPI mandate acceptance is 05:00 PM on last day of IPO bidding.

Lot Size

ApplicationLotsSharesPrice
Retail(min)128β‚Ή14,672
Retail (max)13364β‚Ή190,736
Small HNI (min)14392β‚Ή205,408
Small HNI (max)681,904β‚Ή997,696
Big HNI (min)691,932β‚Ή1,012,368

Important Dates

Azad Engineering Limited IPO opens on 20 Dec 23 and closes on 22 Dec 23

IPO opening date20 Dec 23, Wednesday (10:00 AM)
IPO closing date22 Dec 23, Friday (05:00 PM)
Basis of allotment26 Dec 23, Monday
Initiation of Refunds27 Dec 23, Wednesday
Credit of Shares to Demat27 Dec 23, Wednesday
Listing Date28 Dec 23, Thursday

Company Financial Report

PeriodTotal AssetsTotal RevenueProfit After Tax
31 Mar 23589.21404.328.47
31 Mar 22404.32199.2629.46
31 Mar 21256.05125.0311.50
amount in Crores (β‚Ή)

Key Performance Indicators (KPIs)

KPIsValue
Price to Earning (P/E)292.74
Return on capital employed(ROCE)12.99%
Return on Equity (ROE)4.2%
Avergage Return On Networth (RoNW)4.23%
Earning Per Share (EPS)1.79
Debt to Equity1.47

The source of the information provided is NSE. We do not guarantee the correctness of facts and information. It is provided as it available on NSE.

Competitor Analysis

CompanyMarket Cap(in Crores)PEROE(%)ROCE(%)
Azad Engineering Ltd292.744.2%12.99%
MTAR Technologies Ltdβ‚Ή7,11769.017.922.2
Paras Defence and Space Technologies Ltdβ‚Ή 2,88180.89.113.2
Dynamatic Technologies Ltdβ‚Ή3,03848.89.2210.4
Triveni Turbine Ltdβ‚Ή12,84555.221.528.7


Product & Services

source: official website

Defence & Aerospace

Oil & Gas

Energy


Customers

source: official website

General Electric motors
Honeywell International Inc.
Siemens Energy
Eaton

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FAQs

When is Azad Engineering Listing date?

The Azad Engineering IPO listing date is not yet announced. The tentative date of Azad Engineering IPO listing is Thursday, December 28, 2023.

What is the Lot Size of Azad Engineering ?

Azad Engineering IPO lot size is 28 Shares, and the minimum amount required is β‚Ή14,672.

When Azad Engineering Will Open?

The Azad Engineering IPO opens on December 20, 2023 and closes on December 22, 2023.

Disclaimer

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