20 Dec 23
22 Dec 23
₹499 to ₹524
26 Dec 23
28 Dec 23
Azad Engineering Limited IPO is all set to open from 20th December to 22nd December 2023. The company is engaged in the business of making high-precision forged and machined components for the energy, aerospace, and defence industries. The IPO includes a fresh issue of 4,580,153 shares worth ₹240 cr and an Offer-for-Sale (OFS) of 9,541,985 shares worth ₹500 cr. The total IPO size is ₹740 cr. The share allotment date is 26th December, and the IPO will be listed on 28th December on the stock exchanges. The price band is ₹499 to ₹524 per share and the lot size is 28 shares.
● To fund working capital requirements. ● To prepay or repay full/partial borrowings obtained. ● General corporate purpose.
The book-running lead managers to the offer are: Axis Capital Limited, ICICI Securities Limited, SBI Capital Markets Limited, Anand Rathi Advisors Limited
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