Azad Engineering IPO

Azad Engineering Limited

₹13,972 /28 sharesMinimum Investment

Azad Engineering IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
BSE & NSE₹524.00₹720.00₹196.00 (37.40%)

Azad Engineering IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
20 Dec ‘23 - 22 Dec ‘23₹13,97228₹499 - ₹524
Issue SizeIPO Doc
740.00Cr
RHP PDF

Subscription rate

Qualified Institutional Buyers179.66x
Non-Institutional Investor87.53x
Retail Individual Investor23.65x
Employees14.54x
Total80.56x

About the company

Established on September 14, 1983, Azad Engineering Limited specializes in producing highly engineered, intricate, and mission-critical components for original equipment manufacturers (OEMs) in the energy, aerospace, defense, and oil and gas industries. The company's clientele comprises renowned global OEMs such as General Electric, Honeywell International Inc., Mitsubishi Heavy Industries, Ltd., Siemens Energy, Eaton Aerospace, and MAN Energy Solutions SE. Since its inception, Azad Engineering Limited has supplied components to countries like the USA, China, Europe, the Middle East, and Japan. Azad Engineering Limited's product range encompasses 3D rotating airfoil/blade sections for turbine engines and other critical components for gas, nuclear, and thermal turbines used in industrial applications, energy generation, defense, civil aircraft, and spacecraft. In the energy sector, the company manufactures high-precision rotating and stationary 3D airfoils/blades, special machined parts, and combustion component assemblies for land-based turbines. Azad Engineering Limited also produces airfoils/blades and components for engines, auxiliary power units (APUs), hydraulics, actuating systems, flight controls, fuel and inerting sections of commercial and defense aircraft, and spacecraft. The company's portfolio also extends to various critical components for missiles and other defense systems.;
Founded in
1983
Managing director
Mr. Rakesh Chopdar
Parent organisation
Azad Engineering Limited

Strength and risks

Strengths
Risks
Azad Engineering Limited is a manufacturing company, specializing in delivering top-tier product lines to global Original Equipment Manufacturers (OEMs). The company focuses on regulated sectors such as energy, aerospace, defense, and oil and gas, producing intricate and mission-critical components.
With a profound understanding of the market and ongoing engagements with longstanding clients across various industries, Azad Engineering Limited is recognized as a vital source supplier for global OEMs. In 2023, the company supplied to customers, commanding around 70% of the global gas turbine market, as measured by technology ownership and the number of units ordered in the first half of 2022. This trend continues with ongoing supply to customers in this industry.
As of September 30, 2023, Azad Engineering Limited operates four manufacturing facilities in Hyderabad, Telangana, covering an expansive area of approximately 20,000 square meters. These facilities boast a collective annual installed capacity of 642,310 hours per annum, with actual production of 578,316 hours per annum and an impressive capacity utilization rate of 90% per annum.
The company takes pride in its diverse customer base, strategically spread across different geographical locations. Azad Engineering Limited caters to a global clientele, with a significant presence in the USA, Europe, Japan, the Middle East, the United Kingdom, and China.
In terms of financial performance, as of September 30, 2023, the company achieved a revenue of Rs. 114.292 crore from the sale of airfoils/blades for the energy industry. This segment contributed significantly, accounting for 72.00% of the total revenue from operations.

Financials

*All values are in Rs. Cr
No Graph Data To Display

Application details

Apply asPrice bandApply upto
Regular499 - 524₹2 Lakh
High Networth Individual499 - 524₹2 - 5 Lakh
For Azad Engineering IPO, eligible investors can apply as Regular.
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