Azad Engineering IPO Date : Azad Engineering IPO Ltd has announce its plan to roll out an initial public offering (IPO) valued at 740 crore from December 20, 2023, to December 22, 2023. The pricing range for the IPO has been set at Rs 499-Rs 524 per share with a face value of 2. This IPO is expect to attract significant investor interest due to the company’s impressive financial performance and promising growth prospects. During the subscription period, investors can participate in the IPO by submitting their bids through their respective brokers or online platforms. It is worth noting that an IPO provides an excellent opportunity for companies to raise capital and expand their business while also allowing investors to invest in a growing company and reap benefits from it.
The upcoming IPO of Azad Engineering has been generating a lot of buzz in the market. Investors and financial analysts are eagerly awaiting the IPO date to get a chance to invest in this promising company. In this blog post, we will discuss everything you need to know about the Azad Engineering IPO, including the IPO date, subscription details, and what makes this company an attractive investment opportunity. So if you’re looking to add a potential winner to your investment portfolio, keep reading to learn more about the Azad Engineering IPO.
Azad Engineering IPO Date
Azad Engineering’s IPO has been schedule for December 20 to December 22, 2023. The basis of allotment will be announce on December 26, 2023, and refunds will be process on December 27, 2023. On the same day, December 27, 2023, the Credit to Demat Account date will occur. Finally, the much-await IPO Listing Date is set for December 28, 2023. This schedule provides investors with a clear timeline for participating in Azad Engineering’s IPO. It is important to note that investing in an IPO involves risks and one should consult with a financial advisor before investing.
Azad Engineering aims to raise approximately 740 crores through an IPO, which comprises of a new issuance of 240 crores and an offer for sale of up to 500 crores at a price of 2 each. The allocation includes 15% for High Net Worth Individuals (HNI), 50% for Qualified Institutional Buyers (QIB), and 35% for retail investors. The Azad Engineering IPO, value at 740.00 crores, follows a book-built offering structure. It consists of a 500.00 crore offer for sale and a new issue worth 240.00 crore. The pricing range for the shares in Azad Engineering’s IPO is between ₹499 to ₹524 per share.
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Azad Engineering IPO Date Details
| Article Name | Azad Engineering IPO Date |
| Category | Trending |
| Official Website | Click Here |
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Azad Engineering IPO GMP
Investorgain.com report that the grey market premium (GMP) for Azad Engineering IPO was ₹0 on the current day, indicating that shares were being trade at their original price of ₹524 without any premium or discount in the grey market. As of Dec. 16, 2023, at 08:55 AM, Azad Engineering’s most recent GMP stood at ₹400. Considering a price band of ₹524.00, the expect listing price for Azad Engineering IPO is ₹924 (cap price + today’s GMP). The project gain/loss per share is estimate to be 76.34%.
| IPO Open Date | Wednesday, December 20, 2023 |
| IPO Close Date | Friday, December 22, 2023 |
| Basis of Allotment | Tuesday, December 26, 2023 |
| Initiation of Refunds | Wednesday, December 27, 2023 |
| The credit of Shares to Demat | Wednesday, December 27, 2023 |
| Listing Date | Thursday, December 28, 2023 |
| The cut-off time for UPI mandate confirmation | 5 PM on December 22, 2023 |
The IPO GMP for Azad Engineering is expect to result in a strong listing and a higher pointing price. At the moment, the GMP ranges from ₹0 to ₹400, with the former being the lowest and the latter being the highest. It is crucial to keep track of the anticipate listing price and daily price movement of Azad Engineering IPO GMP as it can provide insight into how well the company is performing and what its future prospects may be. Investors looking to invest in this IPO should stay tune for further updates on this front.
Azad Engineering IPO Allotment Status
Follow the steps provide below to determine the status of your Azad Engineering IPO allocation:
- To verify the allocation status, simply click the button.
- Select the name of the company.
- Please provide your DP Client ID (Any), Application Number, or PAN Number.
- Click on the “Search” button.
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Azad Engineering IPO Allotment & Listing Dates
Azad Engineering, a company that is set to go public on December 20, has an unusual timeline as it is schedule to shut down only two days later on December 22. The IPO allocation for Azad Engineering will be complete on December 26, follow by the official listing on the stock exchange on December 28. This short-lived public status of the company underscores the importance of careful planning before an IPO and emphasizes the value of investors being up-to-date with upcoming IPOs and acting promptly to capitalize on investment opportunities. With such a brief period of public status, it is critical for investors to make inform decisions quickly to maximize their returns. It also highlights the need for companies going public to have a well-define strategy in place for their post-IPO operations, ensuring that they can navigate challenges and succeed in the long term.
Azad Engineering IPO Lot Size
The auction for shares offers a minimum of 28 shares, and the bidding process allows for multiples of those. The investment percentages are different for high-net-worth individuals (HNIs) and retail investors. HNIs typically make higher investments, with the lowest percentage being around 35%, while retail investors tend to invest less, with the highest percentage being around 15%. It is important to consider these differences when participating in the auction and determining your investment strategy.
- Retail (Min): 1, ₹14,672
- Retail (Max): 13, ₹190,736
- S-HNI (Min): 14, ₹205,408
- S-HNI (Max): 68, ₹997,696
- B-HNI (Min): 69, ₹1,012,368
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Objects of the Issue (Azad Engineering IPO)
The propose allocation of the Net Proceeds from the New Issue is as follows:
- Providing financial support for the company’s investments in assets and infrastructure.
- Overall company goals; and Repayment of a portion or the entire amount of loans that have been borrow by the company.
Azad Engineering IPO Reservation
- Maximum 50% of the Net Issue will be offered as QIB Shares.
- Minimum of 35% of the Net Issue will be made available for retail shares.
- At least 15% of the Net Issue will be made available in NII (HNI) Shares.
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Azad Engineering IPO – Buy or Not
Consider investing in the Azad Engineering IPO for a promising opportunity in the infrastructure sector. With a decade of successful project delivery and innovative practices, Azad Engineering is poised for growth. The funds raise will fuel expansion and innovation. Before investing, assess market conditions, the company’s financial health, and potential risks. Thorough due diligence and consultation with a financial advisor are essential to make inform investment decisions.
Considering Azad Engineering’s track record and the positive outlook for the sector, it could be an appealing investment. However, consult financial experts and conduct thorough research before making any investment decisions. This will ensure an inform decision bas on your risk appetite and investment objectives. It’s also advisable to diversify your portfolio to mitigate risks and maximize returns in the long run.
Azad Engineering IPO Review
The Azad Engineering IPO is a significant event for the company and the infrastructure sector in general. Having establish itself as a successful player in the industry over the past decade, Azad Engineering aims to raise funds for further expansion and innovation through this IPO. Its impressive track record, combine with the growth potential of the infrastructure sector, makes it an attractive investment opportunity for potential investors. As such, its success in raising capital through this IPO could play a crucial role in shaping the future of both the company and the industry as a whole.
Before deciding to participate, investors should carefully assess market conditions and potential risks. The IPO review indicates a favorable opportunity, but it is important to conduct thorough research in order to make well-inform investment decisions.
Azad Engineering IPO Date FAQ’S
When Azad Engineering IPO will open?
The IPO for Azad Engineering will commence on December 20, 2023 and conclude on December 22, 2023.
What is the lot size of Azad Engineering IPO?
The lot size for Azad Engineering's IPO is 28 shares, and investors need to have a minimum amount of ₹14,672.
How to apply for Azad Engineering IPO?
To apply for the Azad Engineering IPO online, you have two payment options: UPI or ASBA. The ASBA IPO application can be accessed through the net banking feature of your bank account. On the other hand, brokers who do not provide banking services offer UPI IPO applications. If you want more information about applying for an IPO online, you can refer to Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank, and SBI Bank.
When is Azad Engineering IPO allotment?
Please note that the Basis of Allotment for the Azad Engineering IPO will be completed on Tuesday, December 26, 2023. The shares that have been allocated to you will be credited to your demat account by Wednesday, December 27, 2023. To check the status of your Azad Engineering IPO allotment, please refer to the relevant information.
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