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15 Days Price Change

Azad Engineering IPO

Closing In

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Issue Size --
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Price Range 499  to  524 per share
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Min Investment ₹524
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Lot Size 1
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Face Value ₹2
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Draft Prospectus
Invest Before the IPO Goes Live

Buy unlisted shares early and participate in the growth before public listing.

Profile
  • Basic Info
  • IPO Tentative Timetable
  • IPO Lot Size
  • Subscription Status
  • Financials
  • Profit & Loss
  • Balance Sheet
  • Cash Flow
  • Ratios
  • Growth Rates
  • Other info

Overview

Azad Engineering Ltd is a dynamic and innovative company at the forefront of engineering excellence. Specializing in cutting-edge solutions for various industries, the company is known for its commitment to quality and customer satisfaction. With a diverse portfolio, Azad Engineering Ltd offers a range of services including precision machining, custom fabrication, and engineering consultancy. The company's skilled team of professionals leverages state-of-the-art technology to deliver tailor-made solutions that meet the unique needs of clients. Azad Engineering Ltd is dedicated to staying ahead of industry trends, fostering a culture of creativity, and ensuring sustainable practices in all aspects of its operations. As a trusted partner in the engineering sector, the company consistently strives for excellence, driving innovation and delivering value to its clients. Read More

Basic Info

Face Value 2 per share

Price 499  to  524 per share

P/E (x) 35.6

Sales( Cr.) 457

PAT( Cr.) 87

EPS 14.7

Draft Prospectus

Exchange BSE-NSE

Promoter

Company Promoters

Rakesh Chopda

Pre Issue Share Holding 100%

Post Issue Share Holding 64.29%

Listing Details:

Listing Price: 710

Listing Gain: 26.2%

Current Price: 2016.7

Gain On Issue: 2016.7 | 0%

GMP: --

GMP %: -- %

IPO Tentative Timetable

Opening Date Dec 20, 2023
Closing Date Dec 22, 2023
Allotment Dec 25, 2023
Refund Dec 26, 2023
Delivery of Shares Dec 26, 2023
Listing Date Dec 27, 2023

IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 28 14,672
Retail (Max) 13 364 190,736
S-HNI (Min) 14 392 205,408
S-HNI (Max) 68 1904 997,696
B-HNI (Min) 69 1932 1,012,368

Objective of the Issue

1. Funding capital expenditure of the Company 2. Repayment/prepayment, in part or full, of certain of the borrowings availed by the Company 3. General corporate purposes.

Issue

Category Nos Bid Bid (x)
QIB 7061069 1268450435 179.6x
NII 2118321 191157287 90.2x
Retail 4942748 121146753 24.5x
EMP 0 0 0x
Total 14122138 1172702340 83x

Net Sales (in cr.)

Total Income (in cr.)

Operating Profit (in cr.)

Net Profit (in cr.)

Shareholder Funds (in cr.)

Total Assets (in cr.)

Azad Engineering Profit & Loss

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 123 194 252 341 457
Other Income 2 5 10 32 11
Total Income 125 199 262 373 468
Total Expenditure 95 132 179 224 296
Operating Profit 30 67 82 149 172
Interest 5 14 52 47 18
Depreciation 9 13 17 21 29
Exceptional Income / Expenses 0 0 0 0 0
Profit Before Tax 16 40 13 81 124
Provision for Tax 5 11 5 22 37
Profit After Tax 12 29 8 59 87
Adjustments 0 0 0 0 1
Profit After Adjustments 12 29 8 59 87
Adjusted Earnings Per Share 2.5 6.5 1.7 9.9 13.5

Azad Engineering Balance Sheet

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 91 120 204 645 1394
Minority's Interest 0 0 0 0 -1
Borrowings 41 123 221 27 171
Other Non-Current Liabilities 11 14 16 27 67
Total Current Liabilities 113 152 161 113 247
Total Liabilities 256 408 602 812 1878
Fixed Assets 121 144 217 257 436
Other Non-Current Assets 9 92 89 118 228
Total Current Assets 126 172 296 436 1214
Total Assets 256 408 602 812 1878

Azad Engineering Cash Flow

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 8 2 4 19 28
Cash Flow from Operating Activities 5 21 -10 -7 54
Cash Flow from Investing Activities -35 -114 -101 -55 -918
Cash Flow from Financing Activities 24 96 126 71 877
Net Cash Inflow / Outflow -6 3 15 9 13
Closing Cash & Cash Equivalent 2 4 19 28 41

Azad Engineering Ratios

# Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 2.53 6.49 1.71 9.91 13.52
CEPS(Rs) 4.49 9.42 5.06 13.38 17.97
DPS(Rs) 0 0 0 0 0
Book NAV/Share(Rs) 20.02 26.44 41.16 109.12 215.82
Core EBITDA Margin(%) 22.94 32.02 28.72 34.21 35.27
EBIT Margin(%) 17.59 27.64 26.04 37.58 31.14
Pre Tax Margin(%) 13.23 20.64 5.23 23.71 27.12
PAT Margin (%) 9.37 15.15 3.37 17.19 18.92
Cash Profit Margin (%) 16.6 21.99 9.96 23.22 25.37
ROA(%) 4.49 8.86 1.68 8.29 6.43
ROE(%) 12.65 27.93 5.23 13.8 8.49
ROCE(%) 12.09 21.68 15.95 21.58 12.28
Receivable days 156.37 119.38 140.17 154.57 156.99
Inventory Days 101.98 86.02 104.01 117.3 128.59
Payable days 986.05 701.89 557.14 394.39 372.76
PER(x) 0 0 0 137.71 100.63
Price/Book(x) 0 0 0 12.51 6.3
Dividend Yield(%) 0 0 0 0 0
EV/Net Sales(x) 0.59 0.93 0.99 23.61 18.22
EV/Core EBITDA(x) 2.36 2.7 3.04 54.15 48.48
Net Sales Growth(%) 0 58.46 29.42 35.4 34.21
EBIT Growth(%) 0 148.96 21.94 95.38 11.22
PAT Growth(%) 0 156.15 -71.24 591.37 47.72
EPS Growth(%) 0 156.15 -73.66 479.64 36.44
Debt/Equity(x) 0.97 1.64 1.47 0.06 0.17
Current Ratio(x) 1.12 1.13 1.84 3.87 4.91
Quick Ratio(x) 0.82 0.75 1.31 2.69 4.14
Interest Cover(x) 4.03 3.95 1.25 2.71 7.74
Total Debt/Mcap(x) 0 0 0 0 0.03

Sihora Industries Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 34% 33% 0% 0%
Operating Profit CAGR 15% 37% 0% 0%
PAT CAGR 47% 44% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 13% NA% NA% NA%
ROE Average 8% 9% 14% 14%
ROCE Average 12% 17% 17% 17%

Company Contact Information

Azad Engineering Ltd.

90/ C, 90/ D, Phase-1 I. D. A. Jeedimetla

IPO Lead Manager(s)

Azad Engineering Ltd.

Anand Rathi Advisors Ltd.

Axis Capital Ltd.

ICICI Securities Ltd

SBI Capital Markets Ltd

Registrar Info

Azad Engineering Ltd.

Frequently Asked Questions

All You Need To Know About IPO

When you leave without vesting, generally unvested ESOPs are cancelled. Vested ESOPs usually can be exercised after you depart, often within 3 to 6 months, depending on the company's ESOP plan.

For companies listed on a stock exchange, you can sell the shares any time after you exercise the ESOP option and the shares are in your demat account. If the company is unlisted or otherwise a startup, you can only sell the shares if and when the company announces a buyback or has a process for secondary sales.

Whenever you exercised your options to hold shares, you entered into a market risk situation, and if the valuation of the company drops, so do the shares.

Yes. ESOPs are valuable to the employer in that the employer is able to retain the best talent, align employee interests with company goals, and preserve cash while rewarding performance.

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