Question 1

What is the Azad Engineering Limited IPO?

Accepted Answer

The Azad Engineering Limited IPO is a mainboard Initial Public Offering where Azad Engineering Limited is offering its shares to the public for the first time. The issue size is ₹1 crores with a price band of ₹499-524. This allows retail and institutional investors to become shareholders in the company.

Question 2

When will Azad Engineering Limited IPO open?

Accepted Answer

The Azad Engineering Limited IPO was open from 20 December 2023 to 22 December 2023. The subscription period has now ended.

Question 3

What is the lot size of Azad Engineering Limited IPO?

Accepted Answer

The lot size for Azad Engineering Limited IPO is 28 shares, which means the minimum investment required is approximately ₹14,672 (28 shares × ₹499-524). Retail investors can apply for one or more lots, but applying for a single lot typically gives better allotment chances during oversubscription.

Question 4

How to apply for Azad Engineering Limited IPO?

Accepted Answer

You can apply for the Azad Engineering Limited IPO through multiple channels: 1) Online broker platforms like Zerodha, Groww, Angel One, Upstox (most convenient); 2) Internet banking using ASBA facility; 3) Through your bank branch. You'll need a Demat account, linked bank account, PAN card, and sufficient funds. The application process involves selecting the IPO, choosing number of lots, selecting bid price (or cutoff), and authorizing the payment via UPI mandate.

Question 5

When is Azad Engineering Limited IPO allotment?

Accepted Answer

The Azad Engineering Limited IPO allotment was completed on Expected 5-7 days after closing. You can check your allotment status on the registrar's website (Link Intime, KFintech, or Bigshare) using your PAN number, application number, or Demat details. Allotted shares will be credited to your Demat account before the listing date. If you don't get allotment, your blocked amount will be unblocked automatically.

Question 6

When is Azad Engineering Limited IPO listing date?

Accepted Answer

The Azad Engineering Limited IPO was listed on 28 December 2023. On listing day, shares will start trading on the stock exchanges, and you can sell your allotted shares or hold them for long-term investment based on your strategy. Listing price depends on market demand and may be above, below, or at the issue price.

Question 7

Was GMP of Azad Engineering Limited IPO reliable?

Accepted Answer

Grey Market Premium (GMP) data for Azad Engineering Limited IPO was not available or was negative before listing. Actual listing performance should be evaluated based on the listing price and current market price.

Question 8

How much profit have I made if I held Azad Engineering Limited IPO after allotment?

Accepted Answer

If you were allotted shares at the issue price of ₹524 and held them until now, your current gain is +310.3% (₹1626 per share). For one lot of 28 shares, your profit would be ₹45,528. On listing day, the stock opened at ₹720 (37.4% gain). Holding the IPO has given better returns than selling on listing day. Remember, past performance doesn't guarantee future results, and investment decisions should be based on the company's fundamentals and your investment goals.

Application	Lots	Shares	Amount
Retail(min) Retail Individual Investors - Investment up to ₹2 lakhs (min 1 lot)	1	28	₹14,672
Retail(max) Retail Individual Investors - Investment up to ₹2 lakhs (min 1 lot)	13	364	₹1.91L
SHNI(min) Small HNI - Investment between ₹2 lakhs and ₹10 lakhs	14	392	₹2.05L
SHNI(max) Small HNI - Investment between ₹2 lakhs and ₹10 lakhs	68	1,904	₹9.98L
BHNI(min) Big HNI - Investment above ₹10 lakhs	69	1,932	₹10.12L

IPO Master

Azad Engineering Limited

Market Performance

Stock Price Chart

Market Lot Size

IPO Timeline

IPO Opens

IPO Closes

Allotment

Listing

AI Research Analysis Not Available

Allotment Status

Frequently Asked Questions about Azad Engineering Limited IPO