Azad Engineering IPO Subscription Status
You can find the subscription status of Azad Engineering IPO in the table below as on date under various categories of IPO Investors.
| Category | Shares Offered | Share Bid For | Total Amount (Cr) |
| Qualified Institutional Buyers (QIB) | 2,809,155 | 42,89,852 | 224.79 |
| Non-Institutional Buyers | 2,106,866 | 5,13,18,848 | 2,689.11 |
| bNII (bids above ₹10L) | 1,404,577 | 2,91,83,476 | 1,529.21 |
| sNII (bids below ₹10L) | 702,289 | 2,21,35,372 | 1,159.89 |
| Retail Investors | 4,916,021 | 5,78,25,824 | 3,030.07 |
| Total | 9,832,042 | 11,39,41,26 | 5,970.52 |
Azad Engineering IPO Subscription day by day
Below table captures the day by IPO Subscription Status of Azad Engineering IPO.
| Date | QIB | NII | Retail | Total |
| Day 1 December 20,2023 | 0.05 | 6.38 | 4.23 | 3.51 |
| Day 2 December 21,2023 | 1.53 | 24.36 | 11.76 | 11.59 |
| Day 3 December 22,2023 | 0.00 | 0.00 | 0.00 | 0.00 |
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Azad Engineering IPO Subscription FAQs
How many shares of Azad Engineering are reserved for retail investors?
4,916,021 shares are being offered to retail investors.
Provide breakup of offer for QIB, NII and RII
The retail quota is 35%, QIB is 50%, and HNI is 15%.
How much Azad Engineering IPO Subscribe?
To check the Live Subscription status, please visit Azad Engineering PO Subscription Status
How to Subscribe to Azad Engineering IPO?
One can apply to this IPO through demat account. IF you dont have demat account contact your stock broker.
How do I apply for Azad Engineering IPO through Zerodha?
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.
How to Apply the Azad Engineering IPO through Upstox?
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.
Categories of IPO Investors in India:
In the context of IPOs in India, there are specific investor categories that are relevant:
- Qualified Institutional Buyers (QIB):
- Institutional investors, including mutual funds, foreign institutional investors (FIIs), and insurance companies.
- Typically invest large amounts in IPOs.
- Play a significant role in the book-building process.
- Subject to regulatory allocation limits.
- Non-Institutional Investors (NII):
- High net worth individuals (HNIs) and corporate bodies who do not fall under the QIB category.
- Invest in IPOs with a higher minimum application amount compared to retail investors.
- Often seek to benefit from potential listing gains.
- Shareholder’s Non-Institutional Investors (sNII):
- A sub-category of NII that includes existing shareholders of the company going public.
- May receive a portion of the IPO shares reserved for them.
- Usually get a discounted price for shares.
- Broker Non-Institutional Investors (bNII):
- Another sub-category of NII, consisting of clients of registered stockbrokers.
- Like sNII, they may receive a portion of the IPO shares reserved for them.
- Often get preferential pricing.
- Retail Individual Investors (RII):
- Individual investors who apply for IPO shares with smaller investment amounts.
- Typically have a cap on the maximum number of shares they can apply for.
- Participate in the IPO through a simple application process.
- Employees and Insiders:
- Company employees, founders, and early investors who hold shares prior to the IPO.
- May have the opportunity to sell their shares in the IPO.
- Some employees receive shares as part of their compensation packages.
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