What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

What is the current subscription status of Azad Engineering Limited IPO?

Azad Engineering Limited IPO has received a total subscription of 80.60 times overall.

IPO GreyPremiumLIVE

Grey Market Intelligence

Azad Engineering Limited

ListedMainboard

Industrial & 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

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

Overview Live GMP Subscription Status Allotment Status Filing Documents

Overall Subscription

80.60x

Total Demand

QIB Multiplier

179.66x

Institutions & Funds

NII / HNI

87.55x

High Net-Worth

Retail (RII)

23.71x

Individual Bidders

Category-Wise Subscription Breakup

Live bidding breakdown by institutional, non-institutional, and retail investors

Total 80.60x

Category	Shares Offered	Shares Applied / Bid	Times Subscribed
QIB	2,808,852	504,638,624	179.66x
NIB	2,170,108	189,988,232	87.55x
HNIs(10L +)	1,446,738	131,046,888	90.58x
HNIs (2-10L)	723,370	58,941,344	81.48x
RETAIL	5,063,585	120,055,992	23.71x
EMPLOYEES	80,160	1,177,540	14.69x
Total	12,292,813	1,005,848,620	80.60x

Application-Wise Breakup

Total unique applications received across retail and HNI tranches

Apps 25.99x

Category	Applications Reserved	Applications Received	Times Subscribed
Retail (RII)	176,527	4,185,455	23.71x
HNIs (10L +)	1,129	98,844	87.55x
HNIs (2-10L)	5,404	473,120	87.55x
Total Applications	183,060	4,757,419	25.99x

Day-Wise Subscription Progress

Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.

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.

Bidding & Quota Instructions:

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.

Allotment Reconciliation Schedule:

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 (GMP) for Azad Engineering Limited IPO is ₹200 per equity share. Based on the upper price band of ₹499 to ₹524 per equity share, the estimated listing price is ₹724 (+38.2% expected listing gain).

What is the expected profit per lot for Azad Engineering Limited IPO?

With a lot size of 28 shares and current GMP of ₹200, the expected profit per application lot is approx ₹5,600 (+38.2% gain). Minimum application cost is approx ₹14,672.

What is the issue size and price band for Azad Engineering Limited IPO?

The Azad Engineering Limited IPO aggregate issue size is ₹740 Crores with an equity price band set at ₹499 to ₹524 per equity share. The retail lot size is 28 shares requiring a minimum capital outlay of approx. ₹14,672.

How can I check Azad Engineering Limited IPO live subscription demand?

Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 80.60x (Retail: 23.71x, QIB: 179.66x, NII: 87.55x). You can track live multiples directly on our dedicated subscription page.

Where and when will Azad Engineering Limited IPO allotment status be published?

The basis of allotment will be published on the official registrar portal (Kfin Technologies Limited) and the BSE status verification website on or around 2023-12-26. Investors can verify status using PAN card or application number.

When is the listing date for Azad Engineering Limited IPO?

Azad Engineering Limited shares are scheduled to list on NSE and BSE on 2023-12-28.