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Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the Azad Engineering Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
Key metrics and details at a glance.
Price Band
₹524
Per ShareLot Size
28 Shares
Minimum Investment
₹14,672
Issue Size
₹740 Cr
Face Value
₹2
Per ShareIPO Type
Book Building
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
Important dates for your applying strategy.
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
77.46%
Promoter Holding (Post-Issue)
64.81%
Issue Type
Book Building
ISIN
INE02IJ01035
Azad Engineering Limited is one of the key manufacturers of its qualified product lines supplying to global original equipment manufacturers ("OEMs") in the energy, aerospace and defence, and oil and gas industries, manufacturing highly engineered, complex and mission and life-critical components. The Company manufactures complex and highly engineered precision forged and machined components that are mission and life-critical and hence, some of its products have a "zero parts per million" defects requirement. As of September 30, 2023, the company generated a revenue of Rs.1,142.92 million from sale of airfoils/ blades for the energy industry, which comprised of 72.00% of its revenue from operations. Its customers include global OEMs across the energy, aerospace and defence and oil and gas industries such as General Electric, Honeywell International Inc., Mitsubishi Heavy Industries, Ltd., Siemens Energy, Eaton Aerospace and MAN Energy Solutions SE.
Revenue, profit after tax and total assets across the last 3 reported financial years.
Amount in ₹ crore
How the company plans to utilize IPO proceeds.
The funds raised through this IPO will be used for:
Initial public offer of 14,122,108 equity shares of face value of Rs. 2 each ("Equity Shares") of Azad Engineering Limited ("Company") for cash at a price of Rs. 524 per equity share (including a securities premium of Rs. 522 per equity share) ("Offer Price") aggregating up to Rs. 740.00 crores* (the "Offer") comprising a fresh issue of 4,580,151* equity shares aggregating up to Rs. 240.00 crores* by the company ("Fresh Issue") and an offer for sale of 9,541,957* equity shares aggregating up to Rs. 500.00 crores* (the "Offer for Sale"), comprising of 3,911,545* equity shares aggregating up to Rs. 204.97 crores* by Rakesh Chopdar, 4,978,062* equity shares aggregating up to Rs. 260.85 crores* by Piramal Structured Credit Opportunities Fund and 652,350* equity shares aggregating up to Rs. 34.18 crores* by DMI Finance Private Limited (collectively the "Selling Shareholders") (such equity shares offered by the selling shareholders, the "Offered Shares"). The offer includes a reservation of up to 76,335* equity shares, aggregating up to Rs. 4.00 crores (constituting 0.13% of the post offer paid-up equity share capital of the company) for subscription by eligible employees (the "Employee Reservation Portion"). The offer less the employee reservation portion is hereinafter referred to as the "Net Offer". The offer and the net offer constitute 23.89% and 23.76%, respectively, of the post-offer paid-up equity share capital of the company. The face value of equity shares is Rs. 2 each. The offer price is 262 times the face value of the equity shares. *Subject to finalisation of basis of allotment
*Subject to approvals and market conditions.
Key competitive advantages and factors to consider before investing.
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
The Company's diversified product ranges across energy, aerospace and defence, and oil and gas industries. The Company is one of the key manufacturers of its qualified product lines supplying to global OEMs primarily engaged in highly regulated industries, including energy, aerospace and defence, and oil and gas industries, manufacturing highly engineered, complex and mission and life-critical components.
Azad Engineering Limited was originally incorporated as `Azad Engineering Private Limited' at Hyderabad, Telangana, as a private limited company under the Companies Act, 1956, pursuant to the certificate of incorporation dated September 14, 1983, issued by Registrar of Company, Telangana at Hyderabad ("RoC"). Subsequently, the name of the Company was changed to `Azad Engineering Limited' pursuant to the conversion of the Company from a private limited company to a public limited company and a fresh certificate of incorporation dated September 5, 2023, was issued by the RoC.
Global OEMs across the energy, aerospace and defence, and oil and gas industries such as General Electric, Honeywell International Inc., Mitsubishi Heavy Industries, Ltd., Siemens Energy, Eaton Aerospace and MAN Energy Solutions SE.
Amount in ₹ crore
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY24 to FY26.