IPO Price History
Closed
Azad Engineering Limited logo

Azad Engineering Limited IPO

Mainboard IPOListedAZADNSE
Current Market Price (CMP)
₹2,478.70(+373.03%)
Current Price (CMP)
₹2,478.70(+373.03%)

Live Market Quote

Listing Price & Gain
₹720(+37.40%)

Day 1 Exchange Open

IPO Issue Price
₹524

Band: ₹499 - ₹524

Total Subscription
80.65x

Overall Bid Demand

Total Issue Size
—

Gross Public Offer

IPO Schedule & Key Dates

IPO Bidding Opens
20 Dec 2023
IPO Bidding Closes
22 Dec 2023
Allotment & Refunds
Completed
Exchange Listing Day
28 Dec 2023

IPO Subscription Status

Breakdown of institutional, high-net-worth, and retail bidding demand

Overall Demand: 80.65x
Investor CategorySubscriptionDemand Scale
Qualified Institutional Buyers (QIB)179.66x
Non-Institutional Investors (NII / HNI)87.61x
Retail Individual Investors (RII)23.79x
Employees Reservation14.71x
Total Subscription80.65x
Updated as on 22-Dec-2023 19:00:00

Listing Day & Return Performance

Listing Day Gain+37.40%
₹524 (Issue) → ₹720 (List)
Per share profit: +₹196.00
Holding Return (Till Date)+373.03%
₹524 (Issue) → ₹2,478.70 (CMP)
Net gain per share: +₹1954.70
Post-Listing Performance (Listing Day → Today):+244.26%

About Azad Engineering Limited IPO

Azad Engineering Limited is an Indian public offering categorized under the Mainboard segment. The public issue opened for bidding on 20 Dec 2023 and concluded on 22 Dec 2023, offering equity shares to institutional, non-institutional, and retail investors with an indicative price band of ₹499 - ₹524.

During the bidding window, Azad Engineering Limited witnessed heavy demand with an overall subscription of 80.65 times. Institutional investors (QIB) subscribed 179.66x, non-institutional high-net-worth investors (NII) subscribed 87.61x, and retail individual investors (RII) bid 23.79x their reserved quota, alongside employee participation of 14.71x.

The equity shares of Azad Engineering Limited officially debuted on the stock exchanges on 28 Dec 2023 at an opening listing price of ₹720, delivering a listing day return of +37.40% (premium) over the final issue price. As per the latest market data, the stock trades at ₹2,478.70, representing an overall gain of +373.03% since its IPO allotment.

Frequently Asked Questions

What was the issue price or price band of Azad Engineering Limited IPO?
The issue price of Azad Engineering Limited IPO was fixed at ₹524 per equity share. The indicative bidding price band was ₹499 - ₹524.
What were the open, close, and listing dates for Azad Engineering Limited IPO?
Azad Engineering Limited IPO opened on 20 Dec 2023, closed on 22 Dec 2023, listed on 28 Dec 2023.
How much was Azad Engineering Limited IPO subscribed?
The IPO received an overall subscription of 80.65 times. Category-wise, QIBs subscribed 179.66x, NIIs subscribed 87.61x, and Retail investors subscribed 23.79x.
What was the listing price and listing gain of Azad Engineering Limited IPO?
Azad Engineering Limited IPO listed on the stock exchange at ₹720, delivering a listing gain of 37.40% compared to the IPO issue price of ₹524.
Is Azad Engineering Limited IPO a Mainboard or SME IPO?
Azad Engineering Limited IPO is a Mainboard IPO listed on the main exchange of NSE.
What is the current return of Azad Engineering Limited IPO since its IPO?
At the latest market quote of ₹2,478.70, Azad Engineering Limited IPO has generated an all-time return of +373.03% since its initial public offering.

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