Azad Engineering IPO subscribed 83.04 times overall in that NII is 90.24 times, QIB is 179.64 and 24.51 times in Retail. Azad Engineering IPO to raise around ₹524 Crores via IPO. The price band is fixed at ₹499 to ₹524 per equity share. The IPO is to list on BSE and NSE.
Basis of Azad Engineering IPO Allotment:
Based on the retail subscription the Azad Engineering IPO basis of allotment will be around [.] (Approx).
Azad Engineering IPO Allotment Links (Allotment Out)
KFintech: | KFintech IPO Allotment Page |
BSE India: | BSE IPO Allotment Page |
IPO Watch: | IPO Allotment Status Page |
#Step 1: How to check Azad Engineering IPO Allotment Status on KFintech?
- Log on to Azad Engineering IPO allotment page – KFintech.com
- Select IPO Name ‘Azad Engineering‘ from the drop-down menu bar
- Select Option from PAN Number, application Number, or DP ID Option
- As per selection add PAN Number, application Number, or Demat Account Number
- Click on the ‘Search’ Button
- You will be able to see your Azad Engineering IPO allotment status on the screen (mobile/desktop).
#Step 2: How to check Azad Engineering IPO Allotment Status on BSE?
- Log on to the BSE IPO allotment page – BSEIndia.com
- Select IPO Name ‘Azad Engineering‘ from the drop-down menu bar
- Select Option from PAN Number, application Number, or DP ID Option
- As per selection add PAN Number, application Number, or Demat Account Number
- Click on the ‘Search’ Button
- You will be able to see your Azad Engineering IPO allotment status on the screen (mobile/desktop).
#Step 3: How to check Azad Engineering IPO Allotment Status in Demant Account?
- Call Your Broker or Login to Your Demat Account / Trading Account
- Check whether the stock is credited to your account or not
- If you got the allotment the credited shares will appear in the Demat account
#Step 4: How to check Azad Engineering IPO Allotment Status in Bank Account?
- Login to your Bank Account from which you applied the Azad Engineering IPO
- Check the Balance Tab
- If you got the allotment the Amount will be debited
- If you did not get the allotment the Amount will be released
- If you got the allotment you got an SMS “Dear Customer, Bank Name Account 00001 is debited with INR 00000.00 on Date. Info: IPOName. The Available Balance is INR 000000.”
Note: Azad Engineering IPO Registrar is responsible for the IPO allotment and refund process. If you have any queries regarding the Azad Engineering IPO Allotment date and time please contact the registrar with your queries.
Azad Engineering IPO Subscription Status – Day 3
IPO Category | IPO Subscription Numbers |
QIB | 179.64 |
NII | 90.24 |
bNII | 93.30 |
sNII | 84.12 |
RII | 24.51 |
Total | 83.04 |
Azad Engineering IPO Date & Price Band Details
IPO Open: | December 20, 2023 |
IPO Close: | December 22, 2023 |
IPO Size: | Approx ₹740 Crores |
Fresh Issue: | Approx ₹240 Crores |
Offer for Sale: | Approx ₹500 Crores |
Face Value: | ₹2 Per Equity Share |
IPO Price Band: | ₹499 to ₹524 Per Share |
IPO Listing on: | BSE & NSE |
Retail Quota: | 35% |
QIB Quota: | 50% |
NII Quota: | 15% |
DRHP Draft Prospectus: | Click Here |
RHP Draft Prospectus: | Click Here |
Anchor Investors List: | Click Here |
Azad Engineering IPO Market Lot
The Azad Engineering IPO minimum market lot is 28 shares with ₹14,672 application amount. The retail investors can apply up-to 13 lots with 364 shares or ₹190,736 amount.
Application | Lot Size | Shares | Amount |
Retail Minimum | 1 | 28 | ₹14,672 |
Retail Maximum | 13 | 364 | ₹190,736 |
S-HNI Minimum | 14 | 392 | ₹205,408 |
B-HNI Minimum | 69 | 1,932 | ₹1,012,368 |
Azad Engineering IPO Allotment & Listing Dates
The Azad Engineering IPO date is December 20 and the close date is December 22. The Azad Engineering IPO allotment will be finalized on December 26 and the IPO listing on December 28.
Anchor Investors Allotment: | December 19, 2023 |
IPO Open Date: | December 20, 2023 |
IPO Close Date: | December 22, 2023 |
Basis of Allotment: | December 26, 2023 |
Refunds: | December 27, 2023 |
Credit to Demat Account: | December 27, 2023 |
IPO Listing Date: | December 28, 2023 |