December 20, 2023 - December 22, 2023
Closed
IPO Basis of Allotment
|
Issue Open
|
20 December 2023
|
|
Issue Close
|
22 December 2023
|
|
IPO Price
|
₹499 - ₹524 per
equity share
|
|
Face Value
|
₹2 per equity share
|
|
IPO Size
|
₹740.00 Cr.
|
|
Listing At
|
NSE, BSE
|
|
IPO Lot
Size
|
28 shares
|
The basis of allotment is
currently unavailable for Azad Engineering Limited IPO. The basis of allotment
of this IPO will be finalized within a week of the IPO share bid closing date.
The registrar of the Azad
Engineering Limited IPO will finalize the basis of allotment status. Please
visit us again for BoA.
Azad Engineering Limited IPO Registrar Details:
KFin Technologies Limited
Selenium Tower B, Plot No. 31 and 32 Financial District,
Nanakramguda Serilingampally
Hyderabad Rangareddi 500 032,
Telangana, India
Phone: +91 40 6716 2222
Email: azad.ipo@kfintech.com
Website: www.kfintech.com
Azad Engineering Limited IPO will be closed on 22 December 2023.
Kfin Technologies Limited the registrar of Azad Engineering Limited IPO.
Financial news sources, company announcements, and your brokerage platform are good places to stay informed about upcoming IPOs. Many financial websites and apps also provide calendars and information about upcoming IPOs, helping you plan your investment strategy.
Post-issue shareholdings of Azad Engineering Limited IPO promoters are 56.38.
Market lot size of the Azad Engineering Limited IPO is 28 shares.
The meaning of "Azad Engineering Limited IPO GMP " is the Grey Market Premium (GMP) for the initial public offering (IPO) of Azad Engineering Limited IPO on the current day.
Face value of equity shares of Azad Engineering Limited IPO is ₹2.
You can apply for an IPO from any place via the internet as it is an online process. You can apply for an IPO using 2 methods i.e., ASBA and UPI. ASBA facility is provided by your bank and UPI method is offered by your stockbroker. You can invest in Azad Engineering Limited IPO by using any one of these methods at your convenience.
If you do not get the allotment of Azad Engineering Limited IPO shares, your IPO application amount will be released or credited back to your bank account via which you applied for this IPO.
Azad Engineering Limited IPO will get listed on December 28, 2023.
While IPOs can offer significant returns, they also come with risks. The stock's initial price may be influenced by hype and speculation, leading to volatility. Additionally, the company may face challenges in meeting investor expectations, impacting the stock's performance.
Companies go public to raise capital for growth and expansion, increase liquidity for existing shareholders, and enhance their public profile. Going public also provides a currency (stock) that can be used for acquisitions and employee stock options.
Azad Engineering Limited IPO shares will get listed at NSE, BSE.
Azad Engineering Limited IPO is going to open on 20 December 2023.
Price of 1 share of Azad Engineering Limited IPO is ₹499 to ₹524.
You will receive the allotted shares in your Demat account on December 26, 2023.
Pre-issue shareholdings of Azad Engineering Limited IPO promoters are 78.61%
Apply with Angel One
Apply with Zerodha
Pre-Apply with Upstox
0 comments