Azad Engineering Developers IPO Overview
You are at right place to check all the details regarding Azad Engineering IPO. The dates for Azad Engineering IPO is announced. The IPO will open on December 20, 2023 and will close on December 22, 2023. The IPO price band is fixed at Rs499 to Rs524 Per Share. The company aims to to raise around ₹740 Crores via this IPO. You can find complete information about Azad Engineering IPO in this post.
The lot size for the application is 28 shares and hence minimum amount that you would need for this IPO (by retail investors) is ₹14,672
About Azad Engineering IPO:
Azad Engineering stands out as a prominent manufacturer within the realm of highly specialized product lines, catering to leading global original equipment manufacturers (“OEMs”) in pivotal sectors like energy, aerospace, defense, and oil and gas. Renowned for producing intricately engineered and mission-critical components, the company specializes in precision-forged and machined products, some of which adhere to a stringent “zero parts per million” defects requirement, as highlighted in the EY Report.
The diverse product portfolio of Azad Engineering encompasses 3D rotating airfoil and blade sections designed for turbine engines, along with other critical components crucial for gas, nuclear, and thermal turbines used in industrial applications or energy generation. Additionally, the company manufactures components for defense and civil aircraft, as well as spaceships. Notably, as of September 30, 2023, the company achieved a revenue milestone of ₹1,142.92 million from the sale of airfoils/blades for the energy industry, constituting an impressive 72.00% of its total revenue from operations.
Azad Engineering serves as a vital link in the global supply chain for OEMs, with a robust track record of supplying components to countries such as the USA, China, Europe, the Middle East, and Japan since its inception, as indicated in the EY Report. The company has demonstrated substantial growth, witnessing a remarkable increase in revenue from ₹1,240.00 million in Financial Year 2020 to ₹2,516.75 million in Financial Year 2023, reflecting a commendable Compound Annual Growth Rate (CAGR) of 27% between Financial Years 2020 and 2023. Furthermore, Azad Engineering maintains a noteworthy adjusted EBITDA margin of 31.61% in Financial Year 2023, positioning itself as one of the fastest-growing manufacturers in terms of revenue growth during the period between Financial Years 2020 and 2023. This growth is coupled with one of the highest EBITDA margins among key players in the machined components sector for the industries it serves, according to insights provided in the EY Report.
Objects of the Issue
- Funding capital expenditure of our Company;
- Repayment/prepayment, in part or full, of certain of our borrowings availed by our Company; and
- General corporate purposes.
Azad Engineering IPO Review (Apply or Not?)
May Apply
Azad Engineering IPO Brokrage House Reviews:
- BP Equities (BP Wealth): Apply
- Swastika Investmart Ltd: Apply
- Ventura Securities Limited: Apply
Azad Engineering IPO Date & Price Band Details
| IPO Open: | December 20, 2023 |
| IPO Close: | December 22, 2023 |
| IPO Size: | ₹740 Crores |
| Fresh Issue: | ₹240 Crores |
| Offer For Sale | ₹500 Crores |
| Face Value: | ₹2 Per Equity Share |
| IPO Price Band: | ₹499 to ₹524 Per Share |
| IPO Lot Size | 28 Shares |
| IPO Listing on: | BSE & NSE |
| Retail Quota: | 35% |
| QIB Quota: | 50% |
| NII Quota: | 15% |
| Discount: | N/A |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
Azad Engineering IPO Market Lot
The Azad Engineering IPO minimum market lot is 33 shares with ₹14,784 application amount. The retail investors can apply up-to 13 lots with 429 shares or ₹192,192
| Category | Lot Size | Shares | Required Amount |
| Retail Minimum | 1 | 28 | ₹14,672 |
| Retail Maximum | 13 | 364 | ₹190,736 |
| S-HNI Minimum | 14 | 392 | ₹205,408 |
| B-HNI Minimum | 69 | 1,932 | ₹1,012,368 |
Azad Engineering IPO Allotment & Listing Dates
The Azad Engineering IPO open date is December 20, 2023 and the close date is December 22, 2023. The Azad Engineering IPO allotment will be finalized on December 26, 2023 and the IPO listing on December 28, 2023.
| IPO Open Date: | December 21, 2023 |
| IPO Close Date: | December 22, 2023 |
| Basis of Allotment: | December 26, 2023 |
| Refunds: | December 27, 2023 |
| Credit to Demat Account: | December 27, 2023 |
| IPO Listing Date: | December 28, 2023 |
Azad Engineering Company Financial Report
| Year | Revenue (Cr) | Expense (Cr) | PAT (Cr) |
| 2021 | ₹125 | ₹109 | ₹11.50 |
| 2022 | ₹199 | ₹159 | ₹29.46 |
| 2023 | ₹262 | ₹248 | ₹8.47 |
Azad Engineering IPO Valuation
Below is the financial details of Azad Engineering for the year FY2023.
| Earning Per Share (EPS): | ₹1.79 per Equity Share |
| P/E Ratio: | – |
| Return on Net Worth (RoNW): | 4.23% |
| Debt/Equity: | ₹42.30 per Equity Share |
Company Promoters:
- Rakesh Chopdar
Competitor Companies:
- 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
E-mail: azad.ipo@kfintech.com
Website: www.kfintech.com
Azad Engineering IPO Lead Managers
- ICICI Securities Limited
- JM Financial Limited
Azad Engineering IPO Allotment Status Check
Allotment status of Azad Engineering IPO can be checked on KFintech website : Click here
Company Address of Azad Engineering :
Azad Engineering Limited
90/C, 90/D, Phase-1, I.D.A. Jeedimetla,
Hyderabad 500 055, Telangana, India
Phone: +91 40 2309 7007
Email: cs@azad.in
Website: www.azad.in
Azad Engineering IPO FAQs
When Azad Engineering IPO will open and close?
The IPO is to open on December 20, 2023 for QIB, NII, and Retail Investors and closes on December 22,2023
What is Azad Engineering IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
What is the Azad Engineering IPO Allotment Date?
Azad Engineering IPO allotment date is December 26, 2023.
What is the Azad Engineering IPO Listing Date?
Azad Engineering IPO listing date is December 28, 2023. The IPO is to list on BSE and NSE.
How to Apply the Azad Engineering IPO through Zerodha?
You can apply to this IPO through Zerodha by logging in to Console in Zerodha Website. Go to Portfolio and Click on IPO. You will see the IPO Name “Azad Engineering”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App like PhonePe or GooglePay etc to Approve the mandate. If you still dont have Demat account with Zerodha you can open it using this link, Open Demat Account with Zerodha.