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
Live Grey Market Premium
Azad Engineering Limited GMP Today
Last updated: 19 Oct 2026
Current Premium
₹200+38.2%
Issue Price (Upper)
₹524
Band: ₹499 – ₹524
Estimated Listing Price
₹724
Upper price + GMP
Lot Size
28 shares
Min investment ₹14,672
Estimated Profit / Lot
₹5,600
28 × ₹200
Azad Engineering Limited GMP Historical Trend
GMP History
Grey Market Premium trend
+₹200
▲ 0 today
Updated less than a minute ago
Estimated Listing Price
| Date | GMP (₹) | GMP % | Est. Listing |
|---|---|---|---|
| 31 Oct 2026 | +₹200 | 38.2% | ₹724 |
| 30 Oct 2026 | +₹200 | 38.2% | ₹724 |
| 29 Oct 2026 | +₹180 | 34.4% | ₹704 |
GMP is unofficial market data. Not a guarantee of listing performance.
About Azad Engineering Limited Public Issue & Market Profile
Azad Engineering Limited is bringing an initial public offering (IPO) in the Industrial & Financial Services sector with an aggregate issue size of ₹740 Crores. The shares are offered at a price band of ₹499 to ₹524 per equity share on NSE and BSE. Currently, grey market participants and retail investors are watching the bidding trend, premium movement, and anchor book demand with keen interest.
Public Issue & Pricing Context:
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 28 shares (approx. ₹14,672 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Basis of Allotment & Listing Timeline:
Allotment reconciliation will be managed by Kfin Technologies Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2023-12-28, while un-allotted funds or UPI block mandates will be released on 2023-12-27.
Frequently Asked Questions
What is Azad Engineering Limited IPO GMP today?
The latest grey market premium for Azad Engineering Limited IPO is ₹200, which indicates an expected listing price of ₹724.
What does Kostak Rate and Sauda mean in IPO GMP?
Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.
Is Grey Market Premium officially recognized?
No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.