Azad Engineering is one of the key manufacturers of our qualified product lines supplying global original equipment manufacturers (“OEMs”) in the energy, aerospace, defense, and oil and gas industries, manufacturing highly engineered, complex, and mission and life-critical components (Source: EY Report). The company manufactures complex and highly engineered precision forged and machined components that are mission and life-critical and hence, some of their products have a “zero parts per million” defects requirement (Source: EY Report).

Azad Engineering’s products include 3D rotating airfoil/ blade portions of turbine engines and other critical components for (a) gas, nuclear, and thermal turbines used in industrial applications or energy generation, and (b) defense and civil aircraft and spaceships. As of September 30, 2023, the company generated a revenue of ₹1,142.92 million from the sale of airfoils/ blades for the energy industry, which comprised 72.00% of its revenue from operations. The company’s customers include global OEMs across the energy, aerospace, defense, and oil and gas industries such as General Electric, Honeywell International Inc., Mitsubishi Heavy Industries, Ltd., Siemens Energy, Eaton Aerospace, and MAN Energy Solutions SE.

Their components have been supplied to countries such as the USA, China, Europe, the Middle East, and Japan since our inception (Source: EY Report). Accordingly, They are a key link in the global supply chain for OEMs (Source: EY Report). They increased our revenue from ₹1,240.00 million in Financial Year 2020 to ₹2,516.75 million in Financial Year 2023 (CAGR of 27% between Financial Years 2020 and 2023) with an adjusted EBITDA margin of 31.61% in Financial Year 2023. They are one of the fastest growing manufacturers (in terms of revenue growth for the period between Financial Years 2020 – 2023) with one of the highest EBITDA margins among the key players for machined components for the key industries serviced by us (Source: EY Report).

Objects of the Issue

• Funding capital expenditure of our Company;
• Repayment/prepayment, in part or full, of certain of our borrowings availed by our Company; and
• General corporate purposes.

Azad Engineering IPO Review (Apply or Not)

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Azad Engineering IPO Date & Price Band Details

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.

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.

You can check IPO subscription status and IPO allotment status on their respective pages.

Azad Engineering IPO Form

How to apply for the Azad Engineering IPO? You can apply for Azad Engineering IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Azad Engineering IPO in the Invest section. The other option is you can apply for Azad Engineering IPO via IPO forms downloaded via NSE and BSE. Check out the Azad Engineering forms – Click BSE Forms & NSE Forms blank IPO forms download, fill, and submit in your bank or with your broker.

Azad Engineering Company Financial Report

Azad Engineering IPO Valuation – FY2023

Check Azad Engineering IPO valuation details like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.

Peer Group

• MTAR Technologies Limited
• Paras Defence and Space Technologies Limited
• Dynamatic Technologies Limited
• Triveni Turbine Limited

Company Promoters

• Rakesh Chopdar

Azad Engineering IPO Registrar

KFin Technologies Limited
Tel: +91 40 6716 2222
E-mail: azad.ipo@kfintech.com
Website: www.kfintech.com

Azad Engineering IPO Allotment Status Check

Check Azad Engineering IPO allotment status on KFintech website allotment URL. Click Here

Azad Engineering IPO Lead Managers aka Merchant Bankers

• Axis Capital Limited
• ICICI Securities Limited
• SBI Capital Markets Limited
• Anand Rathi Advisors Limited

Company Address

Azad Engineering Limited
90/C, 90/D, Phase-1, I.D.A. Jeedimetla,
Hyderabad 500 055, Telangana, India
Phone: +91 40 2309 7007
Email: cs@azad.in
Website: www.azad.in

Azad Engineering IPO FAQs