Azad Engineering IPO listing Highlights: Strong debut! Shares list at 35.50% premium on BSE
Azad Engineering IPO listing Price Highlights, Azad Engineering IPO Share Price NSE, BSE: Shares of Azad Engineering Ltd on Thursday listed with a premium of over 37 per cent against the issue price of Rs 524.
The stock made its debut at Rs 710, reflecting a jump of 35.49 per cent from the issue price on the BSE. Later, it zoomed 38.83 per cent to Rs 727.50. At the NSE, the stock listed at Rs 720, up 37.40 per cent.
Follow Zee Business BLOG on Azad Engineering Share the listing on NSE BSE for the latest updates:
Azad Engineering IPO listing Price Highlights, Azad Engineering IPO Share Price NSE, BSE: Shares of Azad Engineering Ltd on Thursday listed with a premium of over 37 per cent against the issue price of Rs 524.
The stock made its debut at Rs 710, reflecting a jump of 35.49 per cent from the issue price on the BSE. Later, it zoomed 38.83 per cent to Rs 727.50. At the NSE, the stock listed at Rs 720, up 37.40 per cent.
Follow Zee Business BLOG on Azad Engineering Share the listing on NSE BSE for the latest updates:
Latest Updates
Azad Engineering Share Listing NSE, BSE LIVE Updates: Price settles at 35.50% premium to issue price in pre-open market
In the pre-opening session, Azad Engineering shares settled at Rs 710 on the BSE, a premium of 35.50 per cent to the issue price of Rs 524.
Azad Engineering Share Listing NSE, BSE LIVE Updates: List of company's customers
The company's customers include General Electric, Honeywell International Inc, Mitsubishi Heavy Industries, Siemens Energy, Eaton Aerospace, and MAN Energy Solutions SE.
Azad Engineering Share Listing NSE, BSE LIVE Updates: What does the company do?
Azad Engineering supplies products to global Original Equipment Manufacturers (OEMs) in the aerospace and defence, energy, and oil and gas industries.
Azad Engineering Share Listing NSE, BSE LIVE Updates: Some positives of the company
- High entry barrier
- Strong global presence
- Impressive financial track record
- Reasonable valuations
Azad Engineering Share Listing NSE, BSE LIVE Updates: Check stoploss by Anil Singhvi
Anil Singhvi, Managing Editor of Zee Business, said that shares are expected to list in the price range of Rs 625-650. He suggested that short-term investors must keep a stoploss of Rs 600. The issue price of the IPO is Rs 524.
Azad Engineering Share Listing NSE, BSE LIVE Updates: IPO price range
The IPO had a fresh issue of up to Rs 240 crore and an offer for sale of Rs 500 crore. The IPO had a price range of Rs 499-524 a share.
Azad Engineering Share Listing NSE, BSE LIVE Updates: QIBs fetched 179.66 times subscription
The portion for Qualified Institutional Buyers (QIBs) fetched a whopping 179.66 times subscription while the non-institutional investors part received 87.55 times subscription. The category for Retail Individual Investors (RIIs) got subscribed 23.71 times.
Azad Engineering Share Listing NSE, BSE LIVE Updates: Anil Singhvi's view
Anil Singhvi, Managing Editor of Zee Business, suggested investors apply for the IPO for a big listing gain and from a long-term perspective.
Azad Engineering Share Listing NSE, BSE LIVE Updates: Received bids for 81,58,60,388 shares
The Initial Public Offer (IPO) got bids for 81,58,60,388 shares against 1,01,22,705 shares on offer, according to NSE data.
Azad Engineering Share Listing NSE, BSE LIVE Updates: IPO subscribed 80.60x times
The initial share sale of Azad Engineering received 80.60 times subscription on the last day of the offer on Friday.