Azad IPO GMP And Allotment Status: Live Updates

Azad Engineering Limited, a pioneer in aerospace components and turbines manufacturing, is poised for a significant market debut as its Initial Public Offering (IPO) concludes with a resounding success. The book-built issue, valued at Rs 740.00 crores, comprises a fresh issue of 0.46 crore shares amounting to Rs 240.00 crores and an offer for sale of 0.95 crore shares aggregating to Rs 500.00 crores.

Click here to check allotment status

Important Dates:

Reservation Details:

Lot Size of AZAD IPO:

Azad Engineering Day-wise GMP

Registrar:

Kfin Technologies Limited is the registrar for the issue.Click here to check allotment status

About Azad Engineering Limited:

Incorporated in 1983, Azad Engineering Limited stands out as a leading manufacturer of aerospace components and turbines, supplies to original equipment manufacturers (OEMs) in the aerospace, defense, energy, and oil and gas sectors. The company’s products are highly engineered, complex, mission-critical, and essential for various applications.

As of September 30, 2023, Azad Engineering reported a revenue of ₹1,142.92 million generated from the sale of blades for the energy industry. The company’s global footprint extends to the USA, China, Europe, the Middle East, and Japan.

With four manufacturing facilities in Hyderabad, Telangana, India, spanning a total production zone of virtually 20,000 square meters, Azad Engineering is well-equipped for high-precision forged and machined components. Additionally, the visitor has would-be plans to establish two increasingly manufacturing units in Telangana, remoter expanding its production capabilities.

Company Overview:

Azad Engineering, headquartered in Hyderabad, Telangana, employs 201-500 people and has been a key player in the aerospace and defense, energy, and oil and gas industries since 2008. The visitor specializes in manufacturing 3D rotating airfoil portions of turbine engines and other hair-trigger products for defense and starchy aircraft, spaceships, defense missiles, nuclear power, hydrogen, gas power, oil, and thermal power.

The precision forged and machined components produced by Azad Engineering are renowned for their complexity and mission-critical nature, with some waxy to a “zero parts per million” defects requirement. The visitor operates globally, serving as a tier I supplier for high-precision components and collaborating with OEMs in over 16 countries.

Azad Engineering boasts over 15 years of wits in supplying components for military aircraft, commercial aircraft, spaceships, gas, hydrogen, nuclear and thermal turbine engines, and oil and gas components. The company’s in-house capabilities encompass engineering, design, tooling, material development, finishing, and turnout operations, all aimed at continuous resurgence of manufacturing and quality processes.

Inox India Limited’s journey is characterized by a relentless pursuit of excellence, setting industry benchmarks in the field of cryogenic engineering. As the visitor forges ahead, its transferral to innovation, sustainability, and pushing the boundaries of cryogenic technology remains unwavering. Inox stands as a symbol of reliability and ingenuity, contributing significantly to the incubation of cryogenic solutions on a global scale.

Disclaimer: The views and investment tips expressed by experts on Timesofscoop.com are their own and not those of the website or its management. The Times of Scoop advises users to check with certified experts before taking any investment decisions.