Azad Engineering Ltd.
Industry:
Engineering - Industrial Equipments
Issue Details
Open Date
20 Dec 2023Close Date
22 Dec 2023Size (in Crs.)
739.998
Size (Shares)
-Listing On
BSE, NSE
Issue Terms
Price Range
-25Lot Size
28
Type
Book building
Face Value
2
Market Lot
1
Objective of the Issue
1. Funding capital expenditure of our Company.2. Repayment/prepayment, in part or full, of certain of our borrowings availed by our Company.3. General corporate purposes.
Description
We are one of the key manufacturers of our qualified product lines supplying to global original equipment manufacturers(“OEMs”) in the aerospace and defence, energy, and oil and gas industries, manufacturing highly engineered, complex andmission and life-critical components (Source: EY Report). We manufacture complex and highly engineered precision forgedand machined components that are mission and life-critical and hence, some of our products have a “zero parts per million”defects requirement (Source: EY Repo... Show More
Address
90/ C, 90/ D, Phase-1 , I. D. A. Jeedimetla ,
Hyderabad
500055
Promoter Holding
Promoters:
Rakesh Chopdar
Total Share Capital
42867570
Offered to Public
14122108
% Promoter's Holding (Pre-Issue)
78.6
% Promoter's Holding (Post-Issue)
-
Shares on offer
Total Share Offer
42867570
Of above offred to public
14122108
Post Issue shares
NA
Post Issue Promoters
-
Lead Managers to the Issue:
Anand Rathi Advisors Ltd., Axis Capital Ltd., ICICI Securities Ltd, SBI Capital Markets Ltd
Registrar Details
Registrar Name:
K FIN Technologies Ltd.-(Karvy Fintech Pvt Ltd.)
Address
Karvy Selenium Tower B, Plot 31-32 , Gachibowli,Financial District , Nanakramguda , Hyderabad
500032