Azad Engineering IPO Frequently Asked Questions (FAQs)

4,916,021 shares are being offered to retail investors.

The retail quota is 35%, QIB is 50%, and HNI is 15%.

To check the Live Subscription status, please visit Azad Engineering PO Subscription Status

One can apply to this IPO through demat account. IF you dont have demat account contact your  stock broker.

Log in to Console in Zerodha Website or in Application. 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 on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.

Log in to the Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Azad Engineering”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.

IPO allotment status can be checked here

Azad Engineering shares are getting listed on December 28, 2023

To check the Azad Engineering IPO allotment status - you will need any one for the following documents/numbers

• PAN Number
• IPO Application Numbers
• Demat Account/DP ID number

Yes, You can check if you have got the Azad Engineering IPO allotment by calling the broker customer care.

It can also be confirmed through the bank account statement. When you applied for the IPO, the required amount would have been blocked. Now if you got the allotment, the amount would be deducted from the blocked amount. If there is no allotment, the amount would be released from the blocked amont to your bank account.

The estimated listing price of Azad Engineering IPO is Rs899 based on current GMP of Rs375  and IPO price of Rs524. Hence the estimated gain is approx 71.56%

Azad Engineering Developers IPO timetable / schedule is as below:

• Bid/Offer Opens On: December 20, 2023
• Bid/Offer Closes On:  December 22, 2023
• Finalization of Basis of Allotment: December 26, 2023
• Initiation of refunds: December 27, 2023
• Credit of Equity Shares: December 27, 2023
• Listing Date: December 28, 2023

Use below links to download the Prospectus.

Azad Engineering IPO Draft Red Herring Prospectus (DRHP)

The price band of Azad Engineering IPO is Rs499 to Rs524

The Azad Engineering IPO will close at 5PM of 22 December, 2023.