You are currently viewing Azad Engineering IPO GMP today: Check Amazing Allotment Status, GMP, Bid Price, Subscription, Listing Date, Azad engineering ipo listing price prediction and More.
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Azad Engineering IPO GMP today: Check Amazing Allotment Status, GMP, Bid Price, Subscription, Listing Date, Azad engineering ipo listing price prediction and More.

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Azad Engineering IPO GMP today
-Azad Engineering IPO GMP today

Azad engineering IPO

IPO Open DateWednesday, December 20, 2023
IPO Close DateFriday, December 22, 2023
Basis of AllotmentTuesday, December 26, 2023
Initiation of RefundsWednesday, December 27, 2023
Credit of Shares to DematWednesday, December 27, 2023
Listing DateThursday, December 28, 2023
Cut-off time for UPI mandate confirmation5 PM on December 22, 2023
-Azad Engineering IPO GMP today
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Azad engineering IPO bid price

Azad Engineering IPO GMP today
-Azad Engineering IPO GMP today

Azad Engineering conducted its IPO sale within the price range of Rs 499-524 per share, featuring a lot size of 28 shares. The bidding window for the IPO was active from December 20 to December 22. The basis of allotment for Azad Engineering’s shares is expected to be disclosed, most likely on Tuesday, December 26.

Also Read: DOMS IPO GMP Today: Strong subscription status. Focus shifts on DOMS IPO allotment, listing date set for 20th

Azad engineering IPO subscription

The Azad Engineering IPO garnered an impressive subscription rate of 83.04 times as of December 22, 2023 (Day 3). The breakdown of subscription figures across different categories is as follows:

  • Retail Category: 24.51 times
  • QIB (Qualified Institutional Buyers) Category: 179.64 times
  • NII (Non-Institutional Investors) Category: 90.24 times
Investor CategorySubscription (times)Shares OfferedShares Bid forTotal Amount (Rs Cr.)*
Qualified Institutions179.642,809,15550,46,38,62426,443.06
Non-Institutional Buyers90.242,106,86619,01,20,0009,962.29
  bNII (bids above ₹10L)93.301,404,57713,10,46,8886,866.86
  sNII (bids below ₹10L)84.12702,2895,90,73,1123,095.43
Retail Investors24.514,916,02112,04,71,7086,312.72
Employees[.]000
Others[.]000
Total83.049,832,04281,64,09,46842,779.86
-Azad Engineering IPO GMP today

Total Application : 3,940,409 (22.44 times)

Disclaimer: *The total amount is calculated based on the final issue price or the price in the upper price range.

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Azad Engineering IPO (Day-wise) Subscription Details (times)

DateQIBNIIRetailTotal
Day 1
December 20, 2023
0.056.384.233.51
Day 2
December 21, 2023
1.5324.3611.7611.59
Day 3
December 22, 2023
179.6490.2424.5183.04
-Azad Engineering IPO GMP today

Azad engineering IPO allotment date

The Azad Engineering IPO commenced its bidding process on December 20, 2023, concluding on December 22, 2023. The anticipated date for the finalization of allotments is Tuesday, December 26, 2023. Subsequently, the IPO is scheduled to be listed on both the BSE and NSE, with a tentative listing date set for Thursday, December 28, 2023.

Azad Engineering IPO GMP today

As of the latest update on December 23rd, 2023, Azad Engineering IPO GMP today is reported to be ₹290. This information, last verified at 07:01 PM, indicates a positive trend in the GMP over the last 10 sessions. With a price band of ₹524.00, the anticipated listing price for Azad Engineering IPO is estimated to be ₹814 (capital price + Azad Engineering IPO GMP today). This projects an expected percentage gain/loss per share of 55.34%.

Furthermore, additional details regarding retail and small HNI subject to Sauda are provided:

  • Azad Engineering IPO Retail Subject to Sauda: ₹6200
  • Azad Engineering IPO Small HNI Subject to Sauda: ₹86800

It is essential to note that the Azad Engineering IPO GMP today is subject to daily updates, and based on recent trends, there is optimism for a robust listing. The GMP has shown an upward trajectory today. The range of GMP fluctuates from ₹0 to ₹440. For the latest and most accurate information on Azad Engineering IPO GMP Today and daily trends, stay connected with our updates.

Azad Engineering IPO allotment status

To verify the allotment status of the Azad Engineering IPO, please adhere to the following steps:

  1. Utilize the designated button below for allotment status verification.
  2. Choose the company name from the list.
  3. Provide either your PAN Number, Application Number, or DP Client ID.
  4. Initiate the search process.

Upon successful allotment, the equivalent shares will be credited to your Demat account.

Should you encounter any uncertainties or have inquiries regarding the allotment status, it is recommended to reach out to Kfin Technologies Limited via telephone or email. Feel free to contact them at 04067162222, 04079611000, or communicate through email by furnishing all pertinent details to azad.ipo@kfintech.com.

Azad Engineering IPO Details (Azad engineering ipo listing price prediction)

Azad Engineering IPO, valued at Rs 740.00 crores, is a book-built issue comprising a fresh issue of 0.46 crore shares totaling Rs 240.00 crores and an offer for sale of 0.95 crore shares amounting to Rs 500.00 crores. The IPO bidding phase transpired from December 20 to December 22, 2023, with the allotment process slated for finalization on Tuesday, December 26, 2023. The anticipated listing date on the BSE and NSE is Thursday, December 28, 2023.

The price band for Azad Engineering IPO is set between ₹499 to ₹524 per share, and the minimum lot size for an application is 28 shares. Retail investors are required to invest a minimum amount of ₹14,672. For non-institutional investors (NII), the minimum lot size investment for sNII stands at 14 lots (392 shares), totaling ₹205,408, and for bNII, it is 69 lots (1,932 shares), amounting to ₹1,012,368.

Azad Engineering ipo registrar name

Axis Capital Limited, ICICI Securities Limited, SBI Capital Markets Limited, and Anand Rathi Securities Limited serve as the book running lead managers for the Azad Engineering IPO, while Kfin Technologies Limited is the appointed registrar for the issue. For a comprehensive understanding, readers are encouraged to refer to the Azad Engineering IPO RHP (Red Herring Prospectus) for detailed information.

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