Azad Engineering IPO Details | GMP, Date, Price, Review

Azad Engineering IPO Details ( Azad Engineering Limited IPO Review )

(20 Dec 2023 – 22 Dec 2023)

Founded in 1983, Azad Engineering Limited makes important parts for aerospace and turbines. They sell these to companies that build things like airplanes, defense systems, and power plants.

The stuff Azad Engineering makes is highly engineered, complex, mission-critical, and vital.

By September 30, 2023, they earned ₹1,142.92 million by selling special blades for the energy industry. Their customers are in the USA, China, Europe, the Middle East, and Japan.

Azad Engineering has four big factories in Hyderabad, Telangana, India. These places can make really precise parts and take up a total space of about 20,000 square meters. Also, they’re thinking about starting two more factories in Tuniki Bollaram village and Mangampet village, both in Telangana. These new places will be huge, with a total space of 94,898.78 and 74,866.84 square meters.

1. Unit 1: Pashamylaram Industrial Park: Precision forging, heat treatment, testing lab, special processes and raw material warehouse.
2. Unit 2: Phase – I, Jeedimetla Industrial Development Area: Corporate office and main manufacturing facility with support functions.
3. Unit 3: Phase – V, Jeedimetla Industrial Development Area: Manufacturing facility with support functions.
4. Unit 4: Phase – I, Jeedimetla Industrial Park – Jeedimetla Industrial Estate: Manufacturing facility with support functions.

The main office of Azad Engineering is in Hyderabad, Telangana, India. They have between 201 and 500 people working for them.

Azad Engineering Limited Company Product

1. Airfoils/ blades;
2. Unison rings and lever arms;
3. Impeller, blisk, stator and rotor;
4. Flight control systems;
5. Casings and housings;
6. Critical engine sub-systems/ systems;
7. Special machining parts;
8. APUs sub-systems/ systems;
9. Fasteners (end two flange (“ETF”), interior two flange (“ITF”) and specialty);
10. Diaphragms and nozzles;
11. Drill bits;
12. Slips and rings;
13. Shafts and frames; and
14. Combined pneumatic and hydraulic systems

Azad Engineering Limited IPO Competitive Strength

• Engineered for success and a preferred name in the manufacturing of highly engineered, complex and mission and life-critical high precision components for global OEMs despite growing competition from China, Europe, USA and Japan.
• Supplying to OEMs with high global market penetration.
• Long-standing and deep customer relationships.
• Advanced manufacturing facilities with a diverse range of products and solutions with focus on innovation and cost competitiveness.
• Consistent track record of financial performance.
• Experienced Promoter and management team backed by marquee investors.

Azad Engineering IPO Financials Performance ( Results )

Azad Engineering Limited Financial Information (Restated Consolidated)

All Amount in ₹ Crores

Period Ended	Total Assets	Total Revenue	PAT	EPS (₹)	Reserves	Borrowing
31-Mar-21	256.05	125.03	11.50	2.53	89.42	87.71
31-Mar-22	404.32	199.26	29.46	6.49	118.88	197.18
31-Mar-23	589.21	261.52	8.47	1.79	202.51	300.60
30-Sep-23	636.63	169.54	26.89	5.43	221.14	324.94

Objective of Azad Engineering IPO Issue

• Funding capital expenditure of the Company;
• Repayment/prepayment, in part or full, of certain of the borrowings availed by the Company; and
• General corporate purposes.

Azad Engineering IPO Basic Details

IPO Date	Dec 20, 2023 to Dec 22, 2023
Listing Date	Thursday, December 28, 2023
Face Value	₹2 per share
Price	₹499 to ₹524 per share
Lot Size	28 Shares
Issue Size	14,122,138 shares of ₹2 (aggregating up to ₹740.00 Cr)
Fresh Issue	4,580,153 shares of ₹2 (aggregating up to ₹240.00 Cr)
Offer for Sale	9,541,985 shares of ₹2 (aggregating up to ₹500.00 Cr)
Issue Type	Book Built Issue IPO
Listing At	NSE, BSE
Share holding pre issue	54,532,842
Share holding post issue	59,112,995
Company Promoters	Rakesh Chopda

Azad Engineering IPO Reservation

Anchor Investor Shares Offered	30% of the Net Issue
QIB Shares Offered	20% of the Net Issue
NII (HNI) Shares Offered	15% of the Net Issue
Retail Shares Offered	35% of the Net Issue
Total Shares Offered	100% of the Net Issue

Azad IPO Timetable

Azad IPO will open on December 20, 2023 and close on December 22, 2023. You can join Azad IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.

Event	Date
Opening Date	20 December 2023 (Wednesday)
Closing Date	22 December 2023 (Friday)
Basis of Allotment	26 December 2023 (Tuesday)
Initiation of Refunds	27 December 2023 (Wednesday)
Credit of Shares to Demat	27 December 2023 (Wednesday)
Listing Date	28 December 2023 (Thursday)
Deadline for UPI mandate confirmation	5 PM on 22 December 2023

Azad IPO Lot Size

For retail investors in Azad IPO, 28 shares will come in 1 lot or the minimum investment will be ₹14,672. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹000,000.

Application	Lots	Shares	Amount
Retail (Min)	1	28	₹14,672
Retail (Max)	13	364	₹190,736
S-HNI (Min)	14	392	₹205,408
S-HNI (Max)	68	1,904	₹997,696
B-HNI (Min)	69	1,932	₹1,012,368

Azad Engineering IPO Promoter Holding

The company’s promoters include Rakesh Chopda.

Pre Issue Share Holding	78.61%
Post Issue Share Holding	56.38%

Azad Engineering Ltd IPO Key Performance Indicator ( Valuation )

In the table given below, all the figures have been told according to the latest financial year.

KPI	Values
Market Cap (₹ Cr.)	3097.52
Earning Per Share (EPS)	₹1.79 per Equity Share
Net Asset Value (NAV)	₹42.30 per Equity Share
P/E Ratio (P/E) (x)	292.74
Post P/E Ratio (P/E) (x)	57.58
Return on Net Worth (RoNW) (%)	4.23
Return on equity (ROE) (%)	4.20
Return on Capital Employed (ROCE) (%)	12.99
Debt/Equity Ratio	1.47

Azad Engineering Ltd Peer Comparison

Company Name	Consolidated/ Standalone	Face Value	EPS (₹)	P/E Ratio	RoNW (%)	NAV (₹)
Azad Engineering Limited	Consolidated	2.00	1.79	57.58	4.23	42.30
Peer Group
MTAR Technologies Limited	Consolidated	10.00	33.62	67.85	16.72	201.13
Paras Defence and Space Technologies Limited	Consolidated	10.00	9.25	77.50	8.69	10.60
Dynamatic Technologies Limited	Consolidated	10.00	67.32	88.73	7.93	79.47
Triveni Turbine Limited	Consolidated	1.00	5.97	75.64	25.47	23.83

Azad Engineering IPO GMP Live Update, Kostak Rate day by day

Date	GMP	Kostak	Subject to
Today	₹440	–	–
21 December 2023	₹440	–	–
20 December 2023	₹495	–	–

Azad Engineering IPO Detail Video:

Azad Engineering IPO Subscription Status (Bidding Detail)

The Azad Engineering IPO on December 22, 2023 at 7:30:00 PM was subscribed 83.04 times, with the retail category being subscribed 24.51 times, the NII (Non-Institutional Investor) category being subscribed 90.24 times, QIB (Qualified-Institutional Buyers) category being subscribed 179.64 times.

Category	Subscription
QIB	179.64x
NII	90.24x
Retail	24.51x
Total	83.04x

Azad Engineering IPO Prospectus

Azad Engineering IPO DRHP	Download
Azad Engineering IPO RHP	Download
Azad Engineering IPO Anchor Investors Details PDF	Download

Azad Engineering IPO Rating

Our Rating

4.0/5.0

Azad Engineering Company Contact Information

Azad Engineering Limited

Registered and Corporate Office: 90/C, 90/D, Phase-1, I.D.A. Jeedimetla, Hyderabad 500 055, Telangana, India
Contact Person: Ful Kumar Gautam, Company Secretary and Compliance Officer
E-mail: cs@azad.in
Website: www.azad.in
Telephone: +91 40 2309 7007
Corporate Identity Number: U74210TG1983PLC004132
The Promoter of Our Company is Rakesh Chopdar

Azad Engineering IPO Registrar

KFin Technologies Limited

(formerly known as Kfin Technologies Private Limited)
Registered Office: Selenium Tower B, Plot No. 31 and 32, Financial District, Nanakramguda
Serilingampally Hyderabad, Rangareddi 500 032, Telangana, India
Tel: +91 40 6716 2222
E-mail: azad.ipo@kfintech.com
Website: www.kfintech.com
Investor grievance ID: einward.ris@kfintech.com
Contact person: M. Murali Krishna
SEBI registration number: INR000000221

Azad Engineering IPO Lead Manager

Axis Capital Limited

Registered Office: 1st Floor, Axis House C-2 Wadia International Centre Pandurang Budhkar Marg
Worli, Mumbai 400 025, Maharashtra, India
Tel: +91 22 4325 2183
E-mail: azad.ipo@axiscap.in
Website: www.axiscapital.co.in
Investor grievance ID: complaints@axiscap.in
Contact person: Pratik Pednekar
SEBI registration number: INM000012029

ICICI Securities Limited

Registered Office: ICICI Venture House Appasaheb Marathe Marg, Prabhadevi, Mumbai 400 025
Maharashtra, India
Tel: +91 22 6807 7100
E-mail: azad.ipo@icicisecurities.com
Website: www.icicisecurities.com
Investor grievance ID: customercare@icicisecurities.com
Contact person: Ashik Joisar/ Harsh Thakkar
SEBI registration number: INM000011179

SBI Capital Markets Limited

Registered Office: 1501, 15th Floor, A & B Wing Parinee Crescenzo, G Block Bandra Kurla Complex, Bandra (East), Mumbai 400 051, Maharashtra, India
Tel: +91 22 4006 9807
E-mail: azad.ipo@sbicaps.com
Website: www.sbicaps.com
Investor grievance ID: investor.relations@sbicaps.com
Contact person: Vaibhav Shah
SEBI registration number: INM000003531

Anand Rathi Advisors Limited

Registered Office: 11th Floor, Times Tower Kamla Mills Compound Senapati Bapat Marg, Lower Parel, Mumbai 400 013, Maharashtra, India
Tel: +91 22 4047 7120
E-mail: ael.ipo@rathi.com
Website: www.anandrathiib.com
Investor grievance ID: grievance.ecm@rathi.com
Contact person: Pari Vaya/ Arpan Tandon
SEBI registration number: INM000010478

Azad Engineering IPO FAQs