The details about the Azad Engineering Limited IPO is as:
- The issue size of the IPO is 740 Cr.
- The price band for Azad Engineering Limited IPO is Rs 499 to Rs 524.
- The shares of Azad Engineering Limited IPO will list on 28th December 2023.
- The latest tentative GMP of Azad Engineering Limited IPO is Rs 350.
- The shares of Azad Engineering Limited IPO is subscribed 83.04 Times as of 22nd December 2023.
Azad Engineering Limited IPO Valuation
The approx valuation of Azad Engineering Limited IPO based on its price band and DRHP (prospectus) is:
| Particulars |
Value |
| Upper Price Band |
Rs 524 |
| Existing Shares (Qty) |
5.45 Cr |
| Fresh Issue |
240 Cr |
| Market Cap |
3095.8 Cr |
| EPS (FY23) |
Rs 1.79 |
| PE Ratio |
292.73x |
| Industry PE |
77.43x |
Azad Engineering Limited IPO Issue Size
Azad Engineering Limited IPO issue size is 740 Cr.
| Issue |
Amount |
| Fresh Issue |
240 Cr |
| Offer For Sale |
500 Cr |
Azad Engineering Limited IPO Market Lot
An Individual can apply for a minimum 1 lot of 28 shares and a maximum of 13 lots of 364 shares. Find the details below:
| Application |
Lot |
Shares |
Amount |
| Minimum |
1 |
28 |
14,672 |
| Maximum |
13 |
364 |
1,90,736 |
Azad Engineering Limited IPO share offer
The shares of Azad Engineering Limited IPO is subscribed 83.04 Times as of 22nd December 2023. The category-wise shares subscribed are as follows:
| Category |
% Offered |
Subscription |
| Qualified Institutional |
Maximum 50% |
179.64 Times |
| Non-Institutional |
Minimum 15% |
90.24 Times |
| Retail Individual |
Minimum 35% |
24.51 Times |
| Total |
|
83.04 Times |
Find below the dates for Azad Engineering Limited IPO:
| Schedule |
Date |
| Basis of Allotment |
26 December 2023 |
| Refunds |
27 December 2023 |
| Credit to Demat Account |
27 December 2023 |
| IPO Listing Date |
28 December 2023 |
Check allotment status