Azad Engineering IPO allotment – How to check allotment, GMP, listing date and more

• Azad Engineering is expected to announce its share allotment status on Tuesday, December 26.
• The shares of Azad Engineering were subscribed 80.6 times.
• The shares are expected to be listed on the stock exchanges on December 28.

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

The Azad Engineering IPO opened on December 20 and closed on December 22. The price band for the IPO was ₹499 to ₹524 per share.

Robust subscription

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

While the qualified institutional buyer (QIB) portion was subscribed 179.66 times, the non-institutional investors portion was subscribed 87.55 times. The retail portion witnessed decent participation and was subscribed 23.71 times. The employee portion was subscribed 14.69 times.

Grey market premium

The shares of Azad Engineering are currently commanding a grey market premium (GMP) of ₹350 per share. GMP is the premium at which IPO shares are traded in an unofficial market before they are listed on the stock exchanges.

Here’s how to check the IPO’s allotment status

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

• To check the Azad Engineering IPO allotment status, visit the registrar’s website here.
  
• Click on ‘Company Selection’ 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 your application status. It will display the number of shares that you have applied for and the number of shares that have been allotted to you.

You can also check the Azad Engineering IPO allotment status on the BSE and NSE websites.

To check the allotment status on BSE or NSE website:

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

You will be able to see the number of shares allotted to you.

You can click here and log in to check your allotment status on NSE.

Azad Engineering listing date

The shares of Azad Engineering will be listed on the stock exchanges on December 28.

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