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| IPO Listing At | BSE, NSE |
| IPO Issue Type | Book Build Issue |
| Issue Size | ₹740.00 Cr |
| Fresh Issue | ₹240.00 Cr |
| Offer for Sale | ₹500.00 Cr |
| Face Value | ₹2 Per Equity Share |
| Price Band | ₹499.00-524.00 per share |
| Discount | Retail: 0.00,Employee: 0.00 |
| BSE Code | 544061 |
| NSE Code | AZAD |
| Registrar | Kfin Technologies Ltd. |
| Lead Managers | ICICI Securities Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 28 shares and in multiples thereof
Incorporated in 1983, Azad Engineering Limited is a manufacturer of aerospace components and turbines. The company supplies its products to original equipment manufacturers (OEMs) in the aerospace, defense, energy, and oil and gas industries.
Azad Engineering's products are highly engineered, complex, mission-critical, and vital.
As of September 30, 2023, the company generated revenue of ₹1,142.92 million from the sale of blades for the energy industry. The company's customer base includes the USA, China, Europe, the Middle East and Japan.
The company has four manufacturing facilities in Hyderabad, Telangana, India. These facilities are capable of producing high-precision forged and machined components and have a total production area of around 20,000 square meters. The company is also planning to set up two more manufacturing units at Tuniki Bollaram village in Siddipet district, Telangana, and Mangampet village in Sangareddy district, Telangana. These plants will have a total production area of 94,898.78 and 74,866.84 square meters respectively.
Azad Engineering is headquartered in Hyderabad, Telangana, India, and employs 201-500 people.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding capital expenditure of the Company | 60.40 |
| 2 | Repayment/prepayment, in part or full, of certain borrowings availed by the Company | 138.19 |
| 3 | General corporate purposes | 24.17 |
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 636.63 | 589.21 | 404.32 | 256.05 |
| Total Income | 169.54 | 261.52 | 199.26 | 125.03 |
| Profit After Tax | 26.89 | 8.47 | 29.46 | 11.50 |
| Reserves and Surplus | 221.14 | 202.51 | 118.88 | 89.42 |
| Total Borrowing | 324.94 | 300.60 | 197.18 | 87.71 |
| Amount in ₹ Crore | ||||
| KPI | |
|---|---|
| ROE | 4.2% |
| ROCE | 12.99% |
| Debt / Equity | 1.47% |
| RoNW | 4.23% |
| PAT Margin | 3.20% |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 1.79 | |
| P/E (x) | 292.74 | 57.58 |
| Promoter Holding | 78.61% | 65.9% |
| Market Cap | ₹3097.52 Cr. | |
