[ad_1]
Azad Engineering IPO GMP Today: TAccording to various websites that track unregulated market activities the Azad Engineering IPO was commanding a GMP of Rs 440 on the upper price band of Rs 524.
Sportspersons, including Sachin Tendulkar, PV Sindhu, and Saina Nehwal have stakes in Azad Engineering.
Azad Engineering IPO GMP Today: The initial public offering (IPO) of Azad Engineering opened for subscription on Wednesday. The application window for the maiden issue will remain open till December 26. The company successfully raised Rs 221 crore from anchor investors ahead of the public offer.
The Azad Engineering IPO comprises fresh equity issue worth Rs 240 crore coupled with an offer for sale (OFS) of Rs 500 crore. Interestingly multiple sportspersons, including Sachin Tendulkar, PV Sindhu, Saina Nehwal, VVS Laxman, Pranavi Chandra, Chama Milind, Nikhat Zareen have stakes in the company.
Azad Engineering IPO Price Band
The Azad Engineering IPO price band is Rs 499-524 per share. Bidders must apply for a minimum of 28 shares. At the lower price band of Rs 499, the minimum investment comes to Rs 13,972.
Azad Engineering IPO GMP
According to various websites that track unregulated market activities the Azad Engineering IPO was commanding a GMP of Rs 440 on the upper price band of Rs 524.
Azad Engineering IPO Allotment Date
The Azad Engineering IPO allotment finalisation is likely to happen on December 26. Bidders will be able to check the allotment status online.
Azad Engineering IPO Listing Date
Following the allotment, the refund process and credit of shares are expected to be completed by December 27. The debut of Azad Engineering shares on the stock market is anticipated on December 28.
Azad Engineering is a globally recognized manufacturer, with 80% of its revenue sourced internationally from 15 countries. The company boasts a prestigious clientele including industry giants like General Electric and Honeywell International. Notably, its largest customer accounts for 21% of revenue, with the top three making up nearly half of the total revenue.
(Disclaimer: This content is for informational purposes only. It is not intended to serve as investment advice. Times Network recommends that readers consult with their financial advisors prior to engaging in any investment activities.)
[ad_2]
Source link