Azad Engineering IPO Overview:
Azad Engineering is all set to launch its IPO on December 20, with the offering closing on December 22. The company aims to raise approximately ₹740 crores through the IPO, consisting of a fresh issue of ₹240 crores and an offer for sale of up to ₹500 crores at ₹2 each. The distribution includes a 35% allocation for retail investors, 50% for Qualified Institutional Buyers (QIBs), and 15% for High Net Worth Individuals (HNIs).
Azad Engineering holds a significant position as a manufacturer of crucial components for global Original Equipment Manufacturers (OEMs) in industries such as energy, aerospace, defense, and oil and gas. Specializing in highly engineered, complex, and mission-critical components, the company’s products adhere to stringent quality standards, with some having a “zero parts per million” defects requirement.
The product portfolio of Azad Engineering encompasses 3D rotating airfoil/blade portions of turbine engines and other vital components for industrial turbines in energy generation, defense and civil aircraft, and spaceships. As of September 30, 2023, the company generated a revenue of ₹1,142.92 million from the sale of airfoils/blades for the energy industry, constituting 72.00% of its revenue. The client base includes renowned global OEMs like General Electric, Honeywell International Inc., Mitsubishi Heavy Industries, Ltd., Siemens Energy, Eaton Aerospace, and MAN Energy Solutions SE.
Azad Engineering has established itself as a crucial link in the global supply chain for OEMs, supplying components to countries worldwide, including the USA, China, Europe, the Middle East, and Japan. The company has witnessed remarkable growth, with revenue increasing from ₹1,240.00 million in Financial Year 2020 to ₹2,516.75 million in Financial Year 2023, reflecting a Compound Annual Growth Rate (CAGR) of 27% between Financial Years 2020 and 2023. With an adjusted EBITDA margin of 31.61% in Financial Year 2023, Azad Engineering stands out as one of the fastest-growing manufacturers in terms of revenue growth during the same period. The company’s exceptional performance positions it with one of the highest EBITDA margins among key players in the machined components industry for the serviced key industries.
Investors are invited to be part of Azad Engineering’s growth story by participating in its upcoming IPO.
Purpose of the Offering:
- Meeting the financial needs for our company’s growth and development.
- Paying off some of our existing loans, either partially or in full.
- Addressing various general corporate requirements.
Azad Engineering IPO Review (Apply or Not)
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Azad Engineering IPO: Information on Date and Price Band.
| IPO Open: | 20-December-2023 |
| IPO Close: | 22-December-2023 |
| IPO Size: | Approx ₹740 Crores |
| Fresh Issue: | Approx ₹240 Crores |
| Offer for Sale: | Approx ₹500 Crores |
| Face Value: | ₹2 Per Equity Share |
| IPO Price Band: | ₹499 to ₹524 Per Share |
| IPO Listing on: | BSE & NSE |
| Retail Quota: | 35% |
| QIB Quota: | 50% |
| NII Quota: | 15% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
The market lot for Azad Engineering IPO:
For the Azad Engineering IPO, the smallest investment you can make is 28 shares, requiring an application amount of ₹14,672. If you’re a retail investor, you have the flexibility to apply for up to 13 lots, equivalent to 364 shares or an amount of ₹190,736.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 28 | ₹14,672 |
| Retail Maximum | 13 | 364 | ₹190,736 |
| S-HNI Minimum | 14 | 392 | ₹205,408 |
| B-HNI Minimum | 69 | 1,932 | ₹1,012,368 |
Azad Engineering IPO: Allotment and Listing Dates.
Mark your calendars as the Azad Engineering IPO is set to kick off on December 20, offering you an opportunity to invest until December 22. The eagerly awaited allotment results will be revealed on December 26, paving the way for the IPO to make its debut on the stock market on December 28.
| Anchor Investors Allotment: | 19-December-2023 |
| IPO Open Date: | 20-December-2023 |
| IPO Close Date: | 22-December-2023 |
| Basis of Allotment: | 26-December-2023 |
| Refunds: | 27-December-2023 |
| Credit to Demat Account: | 27-December-2023 |
| IPO Listing Date: | 28-December-2023 |
You may monitor the subscription status and allotment status of the IPO on their respective pages.
Applying for Azad Engineering IPO
Investing in the Azad Engineering IPO is a straightforward process. You have a couple of convenient options to choose from. Firstly, you can apply via ASBA using your bank account. Simply log in to your online banking portal, navigate to the Invest section, and select the Azad Engineering IPO for application.
Alternatively, you can opt for IPO forms. Download the forms from NSE and BSE by clicking on BSE Forms & NSE Forms for blank IPO forms. Once downloaded, fill them out and submit them either at your bank or through your broker. The choice is yours—pick the method that suits you best to be a part of the Azad Engineering IPO.
Azad Engineering Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2021 | ₹125 | ₹109 | ₹11.50 |
| 2022 | ₹199 | ₹159 | ₹29.46 |
| 2023 | ₹262 | ₹248 | ₹8.47 |
| 2024 6M | ₹170 | ₹138 | ₹26.89 |
Azad Engineering IPO Valuation – FY2023
Check Azad Engineering IPO valuation details like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹1.79 per Equity Share |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 4.23% |
| Net Asset Value (NAV): | ₹42.30 per Equity Share |
Peer Group
- MTAR Technologies Limited
- Paras Defence and Space Technologies Limited
- Dynamatic Technologies Limited
- Triveni Turbine Limited
Company Promoters
- Rakesh Chopdar
Azad Engineering IPO Registrar
KFin Technologies Limited
Tel: +91 40 6716 2222
E-mail: azad.ipo@kfintech.com
Website: www.kfintech.com
Azad Engineering IPO Allotment Status Check
Check Azad Engineering IPO allotment status on KFintech website allotment URL. Click Here
Azad Engineering IPO Lead Managers aka Merchant Bankers
- Axis Capital Limited
- ICICI Securities Limited
- SBI Capital Markets Limited
- Anand Rathi Advisors Limited
Company Address
Azad Engineering Limited
90/C, 90/D, Phase-1, I.D.A. Jeedimetla,
Hyderabad 500 055, Telangana, India
Phone: +91 40 2309 7007
Email: cs@azad.in
Website: www.azad.in
Azad Engineering IPO FAQs
When does the Azad Engineering IPO open?
The Azad Engineering IPO is scheduled to open on December 20.
When is the closing date for the Azad Engineering IPO?
The Azad Engineering IPO will close on December 22.
When will the Azad Engineering IPO allotment be finalized?
The allotment results for the Azad Engineering IPO will be announced on December 26.
When is the expected listing date for the Azad Engineering IPO?
The Azad Engineering IPO is expected to be listed on December 28.
What is the minimum market lot for the Azad Engineering IPO?
The minimum market lot for the Azad Engineering IPO is 28 shares.
What is the application amount for the Azad Engineering IPO?
The application amount for the Azad Engineering IPO is ₹14,672.
How can retail investors apply for the Azad Engineering IPO?
Retail investors can apply for the Azad Engineering IPO through ASBA in their online bank accounts. Alternatively, they can download IPO forms from NSE and BSE, fill them out, and submit them at their bank or with their broker.
What are the allocation percentages for retail, QIB, and HNI in the Azad Engineering IPO?
The allocation percentages for the Azad Engineering IPO are 28% for retail investors, 38% for Qualified Institutional Buyers (QIBs), and 34% for High Net Worth Individuals (HNIs).
