Issue Price
₹524
Per Share
GMP
NIL
Grey Market
Est. Listing
₹524
Expected Price
Min. Application
₹29,344
2 lots × 28 shares
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.
Azad Engineering Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| TOTAL | 14,122,108 | 100.00% | ₹740.00 Cr | — |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 28 | ₹14,672 |
| Retail (Max) | 13 | 364 | ₹190,736 |
| sNII (Min) | 14 | 392 | ₹205,408 |
| bNII (Min) | 69 | 1,932 | ₹1,012,368 |
| Particulars | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Revenue from Operations | 169.54 | 261.52 | 199.26 |
| EBITDA | N/A | N/A | N/A |
| Profit After Tax (PAT) | 26.89 | 8.47 | 29.46 |
| Net Worth | N/A | N/A | N/A |
| Total Assets | 636.63 | 589.21 | 404.32 |
| Reserves & Surplus | 221.14 | 202.51 | 118.88 |
| Total Borrowings | 324.94 | 300.60 | 197.18 |