ListedMainboardAZAD
Azad Engineering Limited
Azad Engineering Limited is a mainboard IPO raising ₹740 Cr at ₹499 – ₹524 a share. It listed on 28 Dec 2023 and trades at ₹2,404 today, +358.7% against its issue price of ₹524. It was subscribed 81× in total.
₹524
Issue price
₹2,404
Price now
+358.7%
Since issue price
28 Dec 2023
Listed on
81×Subscribed (final) · all exchanges
80.7 times more demand than shares on offer
populated partly populated we hold nothing here — the tab says why
Terms of the issue
The mechanics of what is being sold. Held for every issue we track.
Price band₹499 – ₹524
Cut-off price₹524
Issue size₹740 Cr
Shares per lot28
Minimum application₹14,672
Minimum quantity28
Face value₹10
Listing exchanges—
ISININE02IJ01035
Bidding hours10:00 – 17:00 IST
Bidding window20 Dec 2023 – 22 Dec 2023
Not here yet
Valuation against the issuer's named peers, what the fresh money funds, and the anchor-investor allocation come from reading the prospectus, which we do for current and upcoming issues — historical issues will not gain them.