Dive into the world of Azad Engineering IPO with today’s IPO GMP insights and uncover Sachin Tendulkar’s strategic investment. Make informed decisions with our key considerations for a successful investment journey.
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Hello, future moguls and budding investors! We’ve got some thrilling news for you – Azad Engineering, the aerospace components and turbines maestro, is all set to dazzle the investment sky with its Initial Public Offering (IPO)! Buckle up, because this is not your average IPO; it’s a ticket to the aerospace realm that promises exciting returns!
The Star of the Show: Azad Engineering IPO Takes Center Stage 🌟
Picture this: Hyderabad, Telangana – the headquarters of Azad Engineering, a powerhouse that crafts highly engineered, complex, mission-critical, and vital products for the aerospace, defense, energy, and oil and gas industries. As the curtains rise on December 20, 2023, Azad Engineering aims to raise a staggering ₹740 crores from its IPO, a combination of a fresh issue and an offer for sale.
Dates to Mark in Your Investment Calendar 📆
The Azad Engineering IPO extravaganza begins on December 20 and will have you on the edge of your seat until December 22, 2023. The IPO allotment, the moment of truth, is expected to be revealed on December 26. But the real magic happens on December 28 when Azad Engineering makes its grand entrance on both the BSE and NSE.
Play the Numbers Game: Azad Engineering IPO Details 🎲
The IPO issue size is a jaw-dropping ₹740 crores, with a fresh issue of 46 lakh equity shares amounting to ₹240 crores and an offer for sale of 95 lakh shares, totaling ₹500 crores. Hold on, it gets even more interesting – the IPO price band is set between ₹499 to ₹524 per share. Want a piece of the action? The lot size is 28 shares, and the minimum investment for retail investors is ₹14,672.
Dance of the Stock Exchanges: BSE and NSE Await Azad Engineering 🕺💃
Get ready to witness history as Azad Engineering IPO is all set to grace both the BSE and NSE stages. The tentative listing date is December 28, 2023. Imagine the thrill of being part of this spectacular performance!
Sachin’s Investment: A Celestial Touch to Azad Engineering IPO 🏏🚀
Rumor has it that the legendary Sachin Tendulkar himself is considering a rendezvous with Azad Engineering IPO. While we can’t confirm or deny this exciting piece of gossip, it certainly adds a dash of stardust to the already sparkling IPO.
Get the Popcorn: 10 Key Things to Know About Azad Engineering IPO 🍿
- IPO Dates: December 20 to December 22, 2023.
- IPO Issue Size: ₹740 crores.
- Price Band: ₹499 to ₹524 per share.
- Lot Size: 28 shares.
- Listing on: BSE and NSE on December 28, 2023.
- Objectives: Funding capital expenditure, repayment of borrowings, and general corporate purposes.
- Reservations: 50% for QIB, 35% for Retail Investors, and 15% for Non-Institutional Investors.
- Lead Managers: Axis Capital, ICICI Securities, SBI Capital Markets, and Anand Rathi Securities.
- IPO GMP Today: ₹440 per share.
- Review: Analysts suggest a medium to long-term investment due to Azad Engineering’s niche presence and steady growth.
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While we can’t predict the future, analysts are optimistic about Azad Engineering’s trajectory. The grey market premium (GMP) today stands at ₹440 per share, a promising sign. Remember, it’s always wise to consult with certified experts before taking the plunge into the investment universe.
Beyond the IPO: Azad Engineering’s Journey and Financial Snapshot 📊
Azad Engineering, born in 1983, is no rookie. With a virtual monopoly in its segment, it has soared to great heights. As of September 30, 2023, the company generated revenue of ₹1,142.92 million, serving customers worldwide. The IPO funds will fuel its growth with new manufacturing units in Telangana.
Join the Azad Engineering IPO Gala – Subscribe Today! 🎉
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Disclaimer: The stock market is a rollercoaster – buckle up and invest wisely. Views and recommendations are not carved in stone, so consult the experts.
In the world of investments, Azad Engineering IPO is not just a financial journey; it’s a thrilling adventure waiting to unfold. Will you be a part of it? Subscribe and find out! 🚀📈