GarvThakur.com

STOCK BROKER REVIEW | INVESTING | UPCOMING IPO | ALGO TRADING | TECHNICAL ANALYSIS
Login / Sign Up

Azad Engineering Limited IPO Subscriptions Status Live Today

 

Get Real-Time Updates on stock market trends and news

Get updates on stock market, Stock related news, Algo Trading, learn profitable strategies.

Join WhatsApp Channel

Azad Engineering Limited IPO

December 20, 2023 - December 22, 2023 Closed
Apply This IPO
Best Margin
Zero Brokerage
24*7 Customer Support.
Fastest mobile support
Angel Apply with Angel One
Zerodha Apply with Zerodha
Upstox Pre-Apply with Upstox

Azad Engineering Limited IPO Details

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


IPO Investor Categories


• Qualified Institutional Buyers (QIB)- Qualified Institutional Buyers (QIBs) are typically large, financially sophisticated investors, such as mutual funds, insurance companies, pension funds, and hedge funds, who are considered to have the expertise and resources to evaluate investment opportunities. QIBs are required to meet certain financial criteria set by the Securities and Exchange Board of India (SEBI) to participate in an IPO, and they are allowed to bid for shares at a price lower than the price at which shares are offered to retail investors.


• Non-Institutional Investors (NII) - Non-Institutional Investors (NIIs), on the other hand, are typically individual investors, High Net Worth Individuals (HNIs), or corporate bodies who do not meet the financial criteria to be classified as QIBs. They are allowed to participate in an IPO at the same price as retail investors.


NII category has two subcategories:


1. sNII - "sNII" stands for "Small Non-Institutional Investor." This subcategory includes investors who have bid for shares worth between Rs. 2 lakhs and Rs. 10 lakhs in an IPO.


2. bNII - "bNII" stands for "Big Non-Institutional Investor." This subcategory includes investors who have bid for shares worth more than Rs. 10 lakhs in an IPO.


• Retail Individual Investors (RII) - Retail Individual Investors (RIIs) are individual investors who apply for shares worth up to Rs. 2 lakhs in an IPO, aimed at encouraging retail participation in the IPO process.


• Employee (EMP)- The Employee (EMP) category in an IPO is reserved for the employees, directors, and business associates of the issuer company, and the allocation of shares to this category is determined by the issuer company and the lead manager of the IPO.

• Others- A category of eligible shareholders or other investors who have a reserved quota in the IPO.


Frequently Asked Question

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%
Comments for Azad Engineering Limited IPO Subscriptions Status Live Today

0 comments