Azad Engineering Limited
20 Dec 2023 – 22 Dec 2023
LISTED
Offer Price
₹499–524
Bid lot
28
Min Application
₹14,672
Issue Size
₹740 Cr
Key dates
Open date
20 Dec 2023
Done
Close date
22 Dec 2023
Done
Basis of allotment
—
TBA
Initiation of refunds
—
TBA
Credit to demat
—
TBA
Listing date
28 Dec 2023
Today
Issue reservation
₹740 CrQIB 50%Retail 35%5%
QIB
70.6 L sh · ₹370.00 Cr
Retail
49.4 L sh · ₹259.00 Cr
Employee
7.1 L sh · ₹37.00 Cr
BRLM: Axis Capital Limited · ICICI Securities Limited · SBI Capital Markets Limited · Anand Rathi Advisors Limited
Lot ladder — how much to bid
1 lot = 28 sharesRetail · Up to ₹2 L1–13 lots
Min · 1 lot
28 sh · ₹14,672
Max · 13 lots
364 sh · ₹1,90,736
S-HNI · ₹2 L to ₹10 L14–68 lots
Min · 14 lots
392 sh · ₹2,05,408
Max · 68 lots
1,904 sh · ₹9,97,696
B-HNI · Above ₹10 L69+ lots
Min · 69 lots
1,932 sh · ₹10,12,368
Entry point
₹10,12,368 onward
Issue details
Lead managersAxis Capital Limited, ICICI Securities Limited, SBI Capital Markets Limited, Anand Rathi Advisors Limited
Face value₹10
Listing onNSE
RegistrarKFin Technologies Limited (formerly known as Kfin Technologies Private Limited)
Live subscription
109.88×
0×1×2×3×+
Oversubscribed
Book₹666.00 Cr
Subscribed₹73,180 Cr
Applications—
Share-wise
by category| Category | Book Size | Subscription | No. of Times |
|---|---|---|---|
| QIB | 70,61,069₹370.00 Cr | 1,26,85,91,567₹66,474 Cr | 179.66× |
| HNI | 21,18,321₹111.00 Cr | 18,55,86,063₹9,725 Cr | 87.61× |
| Retail | 49,42,748₹259.00 Cr | 11,75,87,974₹6,162 Cr | 23.79× |
| Employee | 7,06,107₹37.00 Cr | 1,03,86,832₹544.27 Cr | 14.71× |
| Total | 1,27,09,924₹666.00 Cr | 1,39,65,66,373₹73,180 Cr | 109.88× |
*QIB Book Size is Gross — the anchor allocation is not on this record yet.
Subscription Demand
in ₹ crore| Category | Applied |
|---|---|
| QIB | 66,474.20 |
| HNI | 9,724.71 |
| Retail | 6,161.61 |
| Employee | 544.27 |
| Total | 73,180.08 |
Amounts at the upper band (₹524). Times figures are computed from the shares this page shows so Book × Times = Subscribed always cross-checks.
Grey-market sentiment
No grey-market data yet.
Documents
RHPOpen ↗
Filed with SEBI / the exchange by the issuer. Opens on the issuer's or the regulator's site.
How to apply
1Create your account & log inSign up on Investoyard and complete a quick KYC.
2Pick the IPO & tap ApplyOpen the live IPO and choose your investor category.
3Enter bid & quantityUp to 3 bids · cut-off or price band · retail cap ₹2,00,000.
4Approve the UPI mandateYou receive a fund-block request on your UPI app.
5DoneFunds stay blocked until allotment, then auto-debited (or released).
Frequently asked questions
What is the minimum investment in the Azad Engineering Limited IPO?
One lot of 28 shares — ₹14,672 at the upper price band of ₹524.
How many bids can I place?
Up to 3 bids per application. Retail applications are capped at ₹2,00,000; above that you must apply in the HNI category.
When are the funds debited?
Funds are blocked via a UPI mandate at application and debited only on allotment. If shares are not allotted, the block is released automatically.
When will the shares list?
Tentative listing on 2023-12-28 on NSE.