Azad Engineering IPO Date, Review, Price, Allotment Details

Azad Engineering is among the key producers of our certified product strains supplying world authentic apparatus producers (“OEMs”) within the power, aerospace, protection, and oil and fuel industries, production extremely engineered, advanced, and project and life-critical elements (Source: EY Report). The corporate manufactures advanced and extremely engineered precision cast and machined elements which are project and life-critical and therefore, a few of their merchandise have a “zero parts per million” defects requirement (Source: EY Report).

Azad Engineering’s merchandise come with three-D rotating airfoil/ blade parts of turbine engines and different serious elements for (a) fuel, nuclear, and thermal generators utilized in commercial packages or power era, and (b) protection and civil airplane and spaceships. As of September 30, 2023, the corporate generated a income of ₹1,142.92 million from the sale of airfoils/ blades for the power trade, which comprised 72.00% of its income from operations. The corporate’s shoppers come with world OEMs around the power, aerospace, protection, and oil and fuel industries equivalent to General Electric, Honeywell International Inc., Mitsubishi Heavy Industries, Ltd., Siemens Energy, Eaton Aerospace, and MAN Energy Solutions SE.

Their elements had been provided to nations equivalent to the US, China, Europe, the Middle East, and Japan since our inception (Source: EY Report). Accordingly, They are a key link within the world provide chain for OEMs (Source: EY Report). They higher our income from ₹1,240.00 million in Financial Year 2020 to ₹2,516.75 million in Financial Year 2023 (CAGR of 27% between Financial Years 2020 and 2023) with an adjusted EBITDA margin of 31.61% in Financial Year 2023. They are some of the quickest rising producers (with regards to income expansion for the duration between Financial Years 2020 – 2023) with some of the best possible EBITDA margins a number of the key gamers for machined elements for the important thing industries serviced by means of us (Source: EY Report).

Objects of the Issue

• Funding capital expenditure of our Company;
• Repayment/prepayment, partly or complete, of sure of our borrowings availed by means of our Company; and
• General company functions.

Azad Engineering IPO Review (Apply or Not)

Brokerage Firm IPO Review

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Azad Engineering IPO Date & Price Band Details

Azad Engineering IPO Market Lot

The Azad Engineering IPO minimal marketplace lot is [.] stocks with ₹[.] software quantity. The retail traders can follow up-to 13 loads with [.] stocks or ₹[.] quantity.

Azad Engineering IPO Allotment & Listing Dates

The Azad Engineering IPO date is December 20 and the shut date is December 22. The Azad Engineering IPO allotment will likely be finalized on December 26 and the IPO record on December 28.

You can test IPO subscription standing and IPO allotment standing on their respective pages.

Azad Engineering IPO Form

How to use for the Azad Engineering IPO? You can follow for Azad Engineering IPO by way of ASBA to be had to your checking account. Just pass to the net financial institution login and follow by way of your checking account by means of settling on the Azad Engineering IPO within the Invest phase. The different choice is you’ll follow for Azad Engineering IPO by way of IPO bureaucracy downloaded by way of NSE and BSE. Check out the Azad Engineering bureaucracy – Click BSE Forms & NSE Forms clean IPO bureaucracy obtain, fill, and put up to your financial institution or together with your dealer.

Azad Engineering Company Financial Report

Azad Engineering IPO Valuation – FY2023

Check Azad Engineering IPO valuations element like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) main points.

Peer Group

• MTAR Technologies Limited
• Paras Defence and Space Technologies Limited
• Dynamatic Technologies Limited
• Triveni Turbine Limited

Azad Engineering IPO Registrar

KFin Technologies Limited
Tel: +91 40 6716 2222
Electronic mail: [email protected]
Website: www.kfintech.com

Azad Engineering IPO Allotment Status Check

Check Azad Engineering IPO allotment standing on KFintech site allotment URL. Click Here

Azad Engineering IPO Lead Managers aka Merchant Bankers

• Axis Capital Limited
• ICICI Securities Limited
• SBI Capital Markets Limited
• Anand Rathi Advisors Limited

Company Address

Azad Engineering Limited
90/C, 90/D, Phase-1, I.D.A. Jeedimetla,
Hyderabad 500 055, Telangana, India
Phone: +91 40 2309 7007
Email: [email protected]
Website: www.azad.in

Azad Engineering IPO FAQs

Note: The Azad Engineering IPO value band and date are formally introduced. The IPO gray marketplace top class (Azad Engineering IPO Premium) will likely be added to the IPO gray marketplace web page as it’s going to get started).