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Issue Open Date
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20-Dec-23
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|
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Issue Closing Date
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22-Dec-23
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Application Money
|
100
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Allotment Money
|
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Price Band
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499
-
524
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Minimium Application No.
|
28
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Issue Size (Shares)
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14122108
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|
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Market Lot
|
1
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Objective
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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.
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Category
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No. of Shares
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No. of Shares
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Subscription Ratio
|
|
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Offered / Reserved |
Bid For |
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|
Non-Institutional Investors
|
2170108
|
190120000
|
87.6085429849574
|
|
Qualified Institutional Buyers
|
2808852
|
504638624
|
179.660097434824
|
|
Retail Individual Investors
|
5063585
|
120471708
|
23.7917815144804
|
|
|
|
|
Business 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 Report). We compete with manufacturers from China, Europe, USA and Japan (Source: EYReport). Our customers include global OEMs across the aerospace and defence, energy, and oil and gas industries such asGeneral Electric, Honeywell International Inc., Mitsubishi Heavy Industries, Ltd., Siemens Energy, Eaton Aerospace and MANEnergy Solutions SE.
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Promoter's Holding
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Total Share Capital
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42867570
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Offered to Public
|
14122108
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|
|
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Promoter's Holding (Pre-Issue)
|
78.6
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Promoter's Holding (Post-Issue)
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|
|
|
|
|
|
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Address |
90/ C
90/ D
Phase-1
I. D. A. Jeedimetla
Hyderabad,
Telangana,
500055
Phone : 040-23097007
Email : cs@azad.in
Website : www.azad.in
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|
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Registrar |
K FIN Technologies Ltd.-(Karvy Fintech Pvt Ltd.)
Karvy Selenium Tower B
Plot 31-32
Gachibowli
Financial District
Nanakramguda
Hyderabad
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Listed at |
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BSE, NSE
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|
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Lead Manager |
Anand Rathi Advisors Ltd.
Axis Capital Ltd.
ICICI Securities Ltd
SBI Capital Markets Ltd
|
|
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Promoters |
|
Rakesh Chopdar
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|
