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Azad Engineering IPO
₹677.50
+29.29% on listing
Listing-day close · NSE · 28 Dec 2023 · issue price ₹524
Azad Engineering’s ₹740 crore IPO was priced at ₹524 a share. It listed on the NSE on 28 Dec 2023 and closed its first day at ₹677.50, up 29.29% on the issue price.
Timeline
- Opens
- Closes
- Allotment
- Refunds
- Shares in demat
- Listing
Issue details
- Issue size
- ₹740 Cr
- Fresh issue
- ₹240 Cr
- Offer for sale
- ₹500 Cr
- Lot size
- 28 shares
- Minimum investment
- ₹14,672
- Face value
- ₹2
- Registrar
- Kfin Technologies
Subscription
| Category | Shares offered | Times subscribed |
|---|---|---|
| Total | — | 57.77× |
Overall, from the basis of allotment.
Financials and valuation
- Market cap (post-issue)
- ₹3,098 Cr
- P/E (post-issue)
- 57.6
- ROE
- 4.20%
- ROCE
- 12.99%
- Debt to equity
- 1.47
- PAT margin
- 3.20%
- Promoter holding
- 78.61% → 65.90%
From the offer documents.
Listing
- Listing date
- 28 Dec 2023
- Issue price
- ₹524
- Open
- ₹720.00
- High
- ₹727.00
- Low
- ₹670.00
- Close
- ₹677.50
Listing day on the NSE. The close was +29.29% on the issue price.
AZAD share price todayFAQs
When did the Azad Engineering IPO open and close?
It opened on 20 Dec 2023 and closed on 22 Dec 2023.
What was the Azad Engineering IPO price?
The price band was ₹499–524 a share. The final issue price was ₹524.
What is the lot size and minimum investment?
One lot is 28 shares, ₹14,672 at ₹524 a share. Retail investors apply in whole lots.
How much did Azad Engineering raise?
₹740 crore: ₹240 crore of new shares and ₹500 crore offered by existing shareholders.
How many times was the Azad Engineering IPO subscribed?
57.77 times overall.
How did Azad Engineering list?
It listed on the NSE on 28 Dec 2023 at ₹720.00 and closed the day at ₹677.50, up 29.29% on the ₹524 issue price.
Who is the registrar of the Azad Engineering IPO?
Kfin Technologies handles the allotment, refunds and credit of shares.
For information only. Not investment advice or a research report.
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