Azad Engineering Limited
ListedMainboardIndustrial & Financial Services · NSE / BSE
Azad Engineering Limited manufactures high precision components and turbines mainly for aerospace, defense, energy, and oil and gas OEMs. Its products are complex, mission-critical and used in highly advanced applications. As of September 2023, the company earned ₹1,142.92 million from the sale of blades for the energy industry. Azad exports to multiple global markets including the USA, China, Europe, Middle East, and Japan. The company currently operates four manufacturing units in Hyderabad with a total area of around 20,000 square meters, and plans to set up two additional large facilities in Telangana. Azad Engineering is headquartered in Hyderabad and employs between 200 to 500 people.
Price Band
₹499 – ₹524
Issue Size
₹740 Cr
Lot Size
28 shares
GMP
₹200
+38.2%
Est. Listing
₹724
at current GMP
Subscribed
80.60x
overall
Open
20 Dec 2023
Close
22 Dec 2023
Allotment
26 Dec 2023
Refund
27 Dec 2023
Demat Credit
28 Dec 2023
Listing
28 Dec 2023
Last updated 12 days ago
Key Highlights
- •Leading player in the Indian market segment
- •Price band established at ₹499 - ₹524 per equity share
- •Minimum bid lot is 28 shares
- •Estimated listing target of ₹724 based on current grey market activity