Azad Engineering Limited: Empowering Aerospace and Energy Industries
Basic information about the company: Established in 1983, Azad Engineering Limited stands as a prominent manufacturer specializing in aerospace components and turbines. With a rich history spanning nearly four decades, the company has become a key player in supplying critical components to Original Equipment Manufacturers (OEMs) in diverse industries such as aerospace, defense, energy, and oil and gas. Product Excellence and Mission-Critical Solutions
Azad Engineering is renowned for its highly engineered and complex products that play a mission-critical role in various applications. The company's expertise lies in the production of turbines and aerospace components, meeting the stringent requirements of its clientele. State-of-the-Art Manufacturing Facilities
With four manufacturing facilities located in Hyderabad, Telangana, India, Azad Engineering boasts a total production area of around 20,000 square meters. These facilities specialize in the production of high-precision forged and machined components. The company is strategically expanding its operations with plans to set up two additional manufacturing units in Telangana. Objectives of the IPO
The net proceeds from the Fresh Issue will be allocated towards:
Funding Capital Expenditure: Supporting the company's growth through strategic investments.
Repayment/Prepayment of Borrowings: Settling certain borrowings to strengthen the financial position.
General Corporate Purposes: Enhancing overall operational capabilities.
Azad Engineering IPO Details
IPO Dates: 20 to 22 Dec 2023
Price Band: ₹499 to ₹524 per share
Lot Size: 28 Shares
Issue Size: 740 Crs
Retail Quota: 35%
GMP: +60% (Only for information) 📌Link for checking Allotment status: https://evault.kfintech.com/ipostatus/ Join our WhatsApp Group for Trading/Investment ideas & Market Updates👇
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