the Secretive IPO That Experts Call a “Goldmine”: Is Azad Engineering the Next Big Thing?

azad engineering ipo

Azad Engineering IPO: Detailed Overview

Current Status: The subscription period for Azad Engineering’s IPO opened on December 20, 2023, and is still open until December 22, 2023.

Key Details:

  • Issue Size: Rs 740 crore (combined fresh issue and offer for sale)
  • Price Band: Rs 499 – Rs 524 per share
  • Lot Size: 28 shares and multiples thereof
  • Listing: BSE and NSE (expected date: December 28, 2023)

azad engineering ipo

Financial Reports:

  • Revenue:
    • FY21: Rs 123 crore
    • FY22: Rs 194 crore
    • FY23: Rs 252 crore
  • Net Profit:
    • FY21: Rs 20.40 crore
    • FY22: Rs 33.10 crore
    • FY23: Rs 45.20 crore
  • EBITDA Margin:
    • FY21: 32.5%
    • FY22: 34.5%
    • FY23: 36.0%
  • Debt: Rs 112 crore (as of March 31, 2023)

Business Overview:

  • Manufacturer of turbines and parts for aircraft, oil & gas, aerospace, defence, and energy sectors.
  • Products are mission-critical, intricate, and highly engineered.
  • Strong customer base including marquee companies like Boeing, GE, and Rolls-Royce.


  • Positives:
    • Leading player in a niche market with high growth potential.
    • Strong financials with consistent revenue and profit growth.
    • Attractive EBITDA margins.
    • Marquee investors and long-term contracts with key customers.
  • Negatives:
    • High IPO valuation compared to peers.
    • Dependence on a few large customers.
    • Limited track record as a listed company.

Overall, Azad Engineering IPO is a promising offering for investors with a long-term perspective. However, it is important to consider the risks and do your own research before investing.

Additional Resources:

Disclaimer: This information is for general educational purposes only and should not be considered investment advice. Please consult with a qualified financial advisor before making any investment decisions.

I hope this information is helpful! Let me know if you have any other questions.

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