IPO : Azad Engineering Limited
Azad Engineering Limited IPO
| SYMBOL | AZAD |
| ISSUE TYPE | Book Built Issue IPO |
| ISSUE OPENS ON | Wednesday, December 20, 2023 |
| ISSUE CLOSES ON | Friday, December 22, 2023 |
| ISSUE PRICE | ₹499 to ₹524 per share |
| ISSUE SIZE | Up to Rs.740.00 Crores |
| FACE VALUE | Rs.2 per share |
Azad Engineering IPO is a book built issue of Rs 740.00 crores. The issue is a combination of fresh issue of 0.46 crore shares aggregating to Rs 240.00 crores and offer for sale of 0.95 crore shares aggregating to Rs 500.00 crores.
Azad Engineering IPO opens for subscription on December 20, 2023 and closes on December 22, 2023. The allotment for the Azad Engineering IPO is expected to be finalized on Tuesday, December 26, 2023. Azad Engineering IPO will list on BSE, NSE with tentative listing date fixed as Thursday, December 28, 2023.
| MINIMUM BID | 28 shares |
| MINIMUM AMOUNT | Rs.14,672 |
| MAXIMUM BID | 364 shares |
| MAXIMUM AMOUNT | Rs.190,736 |
| PROMOTER HOLDING | 56.38% (Post-issue) |
| LISTING DATE | Thursday, December 28, 2023 |
| LISTING AT | BSE, NSE |
Azad Engineering IPO price band is set at ₹499 to ₹524 per share. The minimum lot size for an application is 28 Shares. The minimum amount of investment required by retail investors is ₹14,672. The minimum lot size investment for sNII is 14 lots (392 shares), amounting to ₹205,408, and for bNII, it is 69 lots (1,932 shares), amounting to ₹1,012,368.
Objects of the Issue (Azad Engineering IPO Objectives)
The Net Proceeds of the Fresh Issue are proposed to be utilized in the following manner:
- 1. Funding capital expenditure of the Company;
- 2. Repayment/prepayment, in part or full, of certain of the borrowings availed by the Company; and
- 3. General corporate purposes.
For Existing Clients : https://gudwil.in/IPO
Open an account : https://gudwil.in/smart
Further any clarification, feel free to contact your Branch / Relationship Manager.For all your investment needs feel free to reach us. Give us a missed call at 90037 90027. For Support: 044-40329999
Warm Regards,
Team GoodwillDISCLAIMER : Investments in the securities market are subject to market risk. Read all the related documents carefully before investing. The data and information herein provided are believed to be reliable, but Goodwill Wealth Management Pvt. Ltd., does not warrant its accuracy or completeness. Goodwill Wealth Management Pvt. Ltd., or any of its employees are not liable for any action taken by any party based on the above information. This material is not intended as an offer or solicitation for the purchase or sale of any financial instrument. Special note: Short-term trading on the basis of technical is high risk and skill-oriented venture and may result in huge losses also. Traders doing so are doing at their own risk. We are not responsible for any damages. Note: The material is being provided to you for educational purposes only and does not constitute investment advice; returns mentioned herein are in no way a guarantee or promise of future returns. See Disclaimer, Privacy Policy @ https://gwcindia.in/Disclaimer