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Azad Engineering IPO

Azad Engineering is a leading manufacturer of certified product lines serving global original equipment manufacturers (OEMs) in the energy, oil and gas, aerospace and defence, and other industries. The business specialises in producing highly engineered, complex parts that are essential to mission success and life protection.

Manufacturers in China, Europe, the USA, and Japan compete with the company. Global OEMs in the oil and gas, aerospace and defence, energy, and General Electric, Honeywell International Inc., Mitsubishi Heavy Industries Ltd., Siemens Energy, Eaton Aerospace, and MAN Energy Solutions SE are just a few of the companies that call it home.

The product line consists of 3D rotating airfoil/blade sections for turbine engines and other essential parts used for two main applications: (a) spacecraft and defence and civil aircraft; and (b) gas, nuclear and thermal turbines used in industrial or energy production.

Between Fiscal 2009 and Fiscal 2023, Azad Engineering delivered 3.09 million products, demonstrating its demonstrated production capability. With the assistance of long-term contracts, shipments to international OEMs account for the majority of revenue. As of September 30, 2023, contracts with clients outside of India accounted for 89.69% of total income. For Fiscal 2023, private and government sales as well as export incentives were INR 202.31 crore and INR 49.37 crore, respectively, for exports and domestic sales.

Azad Engineering IPO Details

Signature Global IPO Details
Azad Engineering IPO Dates
20 – 22 December 2023
Azad Engineering IPO Price
INR 499 – 524 per share
Fresh issue
4,580,151 shares (INR 228.55 – 240 crore)
Offer For Sale
9,541,957 shares (INR 476.14 – 500 crore)
Total IPO Size
14,122,108 shares (INR 704.69 – 740 crore)
Minimum bid (size)
28 shares (INR 14,672)
Face Value
INR 2 per share
Retail Allocation
35%
Listing On
BSE, NSE

Azad Engineering Financial Performance

Signature Global Financial Performance

FY21

FY22

FY23

H1 FY 24

Revenue

122.72

194.47

251.68

158.75

Expenses

108.79

159.13

248.36

137.92

Net income

11.50

29.46

8.47

26.89

Margin (%)

9.37

15.15

3.37

16.94

Figures in INR Crore unless specified otherwise

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