{"id":5079,"date":"2023-12-20T12:25:49","date_gmt":"2023-12-20T06:55:49","guid":{"rendered":"https:\/\/gwcindia.in\/blog\/\/?p=5079"},"modified":"2026-10-31T16:46:53","modified_gmt":"2026-10-31T11:16:53","slug":"ipo-azad-engineering-limited","status":"publish","type":"post","link":"https:\/\/www.gwcindia.in\/blog\/ipo-azad-engineering-limited\/","title":{"rendered":"Azad Engineering Share: IPO Details, Listing Performance & Updates"},"content":{"rendered":"

Azad Engineering IPO: Listing Performance and Company Updates<\/h1>\n\n\n\n\n\n\n\n\n\n
\u00a0SYMBOL<\/strong><\/td>\nAZAD<\/strong><\/td>\n<\/tr>\n
\u00a0ISSUE TYPE<\/strong><\/td>\nBook Built Issue IPO<\/strong><\/td>\n<\/tr>\n
\u00a0ISSUE OPENS ON<\/strong><\/td>\nWednesday, December 20, 2023<\/strong><\/td>\n<\/tr>\n
\u00a0ISSUE CLOSES ON<\/strong><\/td>\nFriday, December 22, 2023<\/strong><\/td>\n<\/tr>\n
\u00a0ISSUE PRICE<\/strong><\/td>\n\u20b9499 to \u20b9524 per share<\/strong><\/td>\n<\/tr>\n
\u00a0ISSUE SIZE<\/strong><\/td>\nUp to Rs.740.00 Crores<\/strong><\/td>\n<\/tr>\n
\u00a0FACE VALUE<\/strong><\/td>\nRs.2 per share<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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.<\/strong><\/p>\n

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.<\/strong><\/p>\n\n\n\n\n\n\n\n\n\n
\u00a0MINIMUM BID<\/strong><\/td>\n28 shares<\/strong><\/td>\n<\/tr>\n
\u00a0MINIMUM AMOUNT<\/strong><\/td>\nRs.14,672<\/strong><\/td>\n<\/tr>\n
\u00a0MAXIMUM BID<\/strong><\/td>\n364 shares<\/strong><\/td>\n<\/tr>\n
\u00a0MAXIMUM AMOUNT<\/strong><\/td>\nRs.190,736<\/strong><\/td>\n<\/tr>\n
\u00a0PROMOTER HOLDING<\/strong><\/td>\n56.38% (Post-issue)<\/strong><\/td>\n<\/tr>\n
\u00a0LISTING DATE<\/strong><\/td>\nThursday, December 28, 2023<\/strong><\/td>\n<\/tr>\n
\u00a0LISTING AT<\/strong><\/td>\nBSE, NSE<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Azad Engineering IPO price band is set at \u20b9499 to \u20b9524 per share. The minimum lot size for an application is 28 Shares. The minimum amount of investment required by retail investors is \u20b914,672. The minimum lot size investment for sNII is 14 lots (392 shares), amounting to \u20b9205,408, and for bNII, it is 69 lots (1,932 shares), amounting to \u20b91,012,368.<\/strong><\/p>\n

Azad Engineering Share: Listing Performance and Post-Listing Update\u00a0<\/span>\u00a0<\/span><\/h2>\n

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.<\/p>\n

How to Check Azad Engineering Share Information\u00a0<\/span>\u00a0<\/span><\/h3>\n