Azad Engineering IPO Subscription Details

Bookbuilding IPO | ₹740 Cr | Listed at BSE, NSE | Wed, Dec 20, 2023 - Fri, Dec 22, 2023

Azad Engineering IPO Subscription Status Live

Azad Engineering IPO IPO subscription status. Full data available on IPOMatrix.com.

Category QIBNIIRetailEmployeesTotal
Ex. AnchorAnchor InvestorTotal QIBAbove ₹10LBelow ₹10LTotal NII
Allocation (No. of shares)
1,41,22,108
Allotment price (₹)
524
No. of applications
34,48,936
No. of shares applied
81,58,40,620

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Amount collected (₹ Cr.)
42,750.05 Cr
No. of times subscribed
57.77
No. of shares allotted
1,41,22,108
Amount allotted (₹ Cr.)
740.00 Cr
No. of allottees
1,81,337

IPO Shares Offered

Azad Engineering IPO is a public issue of 1.41 Cr equity shares. The issue offers 0.49 Cr shares to retail investors, 0.70 Cr shares to qualified institutional buyers, and 0.21 Cr shares to non-institutional investors.

CategoryShares OfferedAmt (₹ Cr.)Size (%)
QIB 70,22,886368.00 49.73%
    Anchor 42,13,731 220.80 29.84%
    QIB (Ex Anchor) 28,09,155 147.20 19.89%
NII 21,06,866110.40 14.92%
    bNII (> ₹10L)14,04,57773.60 9.95%
    sNII (< ₹10L)7,02,28936.80 4.97%
Retail49,16,021257.60 34.81%
Employee76,3354.00 0.54%
Total1,41,22,108740.00 100%

Anchor Investor Allocation

A total of 42,13,731 shares at a price of Rs 524 per share will be allotted to the anchor investors.

Bid DateDec 19, 2023
Price₹524.00
% of QIBs60.00%
Shares Locked (30 Days)21,06,866
Shares Locked (90 Days)21,06,866
#AnchorGroup EntityShares AllottedAmt (₹ cr.)% Allocated% Allotment of Issue
1 NIPPON INDIA SMALL CAP FUND NIPPON INDIA MUTUAL FUND 3,38,324 17.73 8.03 2.40
2 NIPPON INDIA VALUE FUND NIPPON INDIA MUTUAL FUND 1,38,796 7.27 3.29 0.98
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IPO Subscription FAQs

The Azad Engineering IPO is subscribed 57.77x.

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Category-wise data available on IPOMatrix.com

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CategorySubscription (times)
Total57.77x

Azad Engineering IPO total subscription is 57.77x.

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An investor can apply in Azad Engineering IPO online via bank (using ASBA) or the broker (using UPI). The Azad Engineering IPO shares are offered online only.

The Azad Engineering IPO is subscribed 57.77x times.

The Azad Engineering IPO allotment status is expected on or around Tuesday, December 26, 2023. Visit Azad Engineering IPO allotment status to check.

The Azad Engineering IPO listing date is December 28, 2023. The equity share of Azad Engineering IPO will list on BSE, NSE.

Visit Azad Engineering IPO subscription status page for real-time bidding information about Azad Engineering IPO.

Azad Engineering IPO Timetable

IPO opens OnWednesday, December 20, 2023
IPO Closes OnFriday, December 22, 2023
Finalisation of Basis of AllotmentTuesday, December 26, 2023
Initiation of RefundsWednesday, December 27, 2023
Credit of Shares to Demat AccountWednesday, December 27, 2023
IPO Listing DateThursday, December 28, 2023
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