Azad Engineering IPO Allotment – How to Check Allotment, GMP, Listing Date etc

• Azad Engineering IPO is expected to announce the status of its share distribution on Tuesday, December 26.
• Azad Engineering shares were subscribed 80.6 times.
• It is expected that the shares will participate in the stock market on December 28.

Hyderabad-based Azad Engineering, which manufactures air components and turbines, is expected to announce the status of its initial public offering (IPO) on Tuesday, December 26.

Yes Azad Engineering IPO Open on December 20 and close on December 22. The price band for the IPO is ₹499 to ₹524 per share.

Strong subscription

On its last day, the Azad Engineering IPO was subscribed 80.60 times, receiving bids for 81.59 crore shares against 1.01 crore shares offered.

While the Qualified Institutional Buyer (QIB) segment was subscribed 179.66 times, the non-institutional investor segment was subscribed 87.55 times. The retail sector witnessed a decent participation and received 23.71 applications. Employees were booked 14.69 times.

Gray market

Azad Engineering’s shares are currently commanding a gray market premium (GMP) of ₹350 per share. GMP is the premium at which IPO shares are traded in the informal market before they are listed on the stock market.

This is how to check the IPO allocation status

You can check the allocation status on the registrar’s website.

• to check the Allocation of IPO Engineering Azad status, visit the registrar’s website here.
• Click on ‘Select Company’ and then select ‘Azad Engineering’.
• Now, enter your PAN, Application Number, DP / Client ID or Account Number / IFSC.
• Click on ‘Search’.

You will be able to see the status of your application. It will show the number of shares you applied for and the number of shares allotted to you.

You can also check out Azad Engineering IPO allocation Status on the BSE and NSE websites.

To check the allotment status on the BSE or NSE website:

• Go to the BSE website.
• On the website, click on ‘Equity’ and then select ‘Azad Engineering’ from the drop-down menu.
• Now, enter your application number and PAN.
• Click on ‘Search’.

You will be able to see the number of shares allocated to you. You can click here and log in to check your allocation status in NSE.

Azad Engineering’s shares will be listed on the stock market on December 28.