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)
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.
Review:
- 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:
- Company Website: https://www.azad.in/
- Red Herring Prospectus: https://www.sebi.gov.in/filings/public-issues/dec-2023/azad-engineering-limited-rhp_79929.html
- Analyst Reports: Many brokerage firms have published research reports on Azad Engineering IPO. You can find these reports online or by contacting your broker.
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.
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