Azad Engineering Share: IPO Details, Listing Performance & Updates
Azad Engineering IPO: Listing Performance and Company Updates
| SYMBOL | AZAD |
| ISSUE TYPE | Book Built Issue IPO |
| ISSUE OPENS ON | Wednesday, December 20, 2023 |
| ISSUE CLOSES ON | Friday, December 22, 2023 |
| ISSUE PRICE | ₹499 to ₹524 per share |
| ISSUE SIZE | Up to Rs.740.00 Crores |
| FACE VALUE | Rs.2 per share |
Azad Engineering IPO is a book built issue of Rs 740.00 crores. The issue is a combination of fresh issue of 0.46 crore shares aggregating to Rs 240.00 crores and offer for sale of 0.95 crore shares aggregating to Rs 500.00 crores.
Thank you for reading this post, don't forget to subscribe!Azad Engineering IPO opens for subscription on December 20, 2023 and closes on December 22, 2023. The allotment for the Azad Engineering IPO is expected to be finalized on Tuesday, December 26, 2023. Azad Engineering IPO will list on BSE, NSE with tentative listing date fixed as Thursday, December 28, 2023.
| MINIMUM BID | 28 shares |
| MINIMUM AMOUNT | Rs.14,672 |
| MAXIMUM BID | 364 shares |
| MAXIMUM AMOUNT | Rs.190,736 |
| PROMOTER HOLDING | 56.38% (Post-issue) |
| LISTING DATE | Thursday, December 28, 2023 |
| LISTING AT | BSE, NSE |
Azad Engineering IPO price band is set at ₹499 to ₹524 per share. The minimum lot size for an application is 28 Shares. The minimum amount of investment required by retail investors is ₹14,672. The minimum lot size investment for sNII is 14 lots (392 shares), amounting to ₹205,408, and for bNII, it is 69 lots (1,932 shares), amounting to ₹1,012,368.
Azad Engineering Share: Listing Performance and Post-Listing Update
Azad Engineering Limited is an Indian engineering company serving industries that include aerospace, defence, energy and other precision-engineering applications. Following its IPO and stock exchange listing, investors can track its share performance, financial results and corporate announcements through official exchange disclosures.
How to Check Azad Engineering Share Information
- Current share price: Refer to the latest available NSE quote for Azad Engineering.
- Listing performance: Compare the verified listing price with the IPO issue price.
- Financial performance: Review the latest quarterly and annual results.
- Business developments: Track company announcements about orders, customers, capacity expansion and business operations.
- Investment risks: Consider valuation, execution risks, customer concentration, financial performance and broader market conditions.
Investors should rely on official exchange filings and company disclosures when researching Azad Engineering shares.
Disclaimer: This content is for educational purposes only and is not a recommendation to buy or sell shares. Market prices fluctuate, and past performance does not guarantee future returns.
Understanding Long-Term Investment Strategies
When researching listed companies, investors should evaluate financial performance, business fundamentals, valuation and potential risks. Read our guide on identifying infrastructure stocks for long-term investment to understand key factors involved in assessing companies for long-term investment.
Understanding Price and Volume Movements
Share prices can change in response to company announcements, market sentiment and trading activity. Explore our guide to price and volume breakout strategies to learn how traders interpret price movements and trading volume.
Understanding Stock Accumulation and Distribution
Trading volume and price movements are commonly used in technical analysis to study market behaviour. Read our article on identifying stock accumulation and distribution using volume and price to learn more about these concepts
Objects of the Issue (Azad Engineering IPO Objectives)
The Net Proceeds of the Fresh Issue are proposed to be utilized in the following manner:
- 1. Funding capital expenditure of the Company;
- 2. Repayment/prepayment, in part or full, of certain of the borrowings availed by the Company; and
- 3. General corporate purposes.
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