Page 11 - Azad Engineering News Today

The domestic equity market was trading higher on Thursday. Sensex rose 336 points to 72,375 and Nifty gained 102 pts to 21,757. Heres a look at stocks buzzing in action today.

Azad Engineering Ltd. is a newcomer to the stock and ticker industry that has drawn attention. This technical marvel created a stir with its Initial Public Offering (IPO), specializing in producing complex components for the energy, aerospace, defense, and oil and gas industries.

Sachin Tendulkar invested Rs 5 crore in a defence equipment manufacturer company earlier in March 2023.

Eleven companies have launched their initial public offerings (IPOs) in December 2023, making this month the second-best December for public offerings since 1996. Collectively, they are raising Rs 8,182.7 crore this month. In December 2021, 11 companies raised Rs 9,534 crore. However, excluding December 2021, this month marks the best December for IPOs since 1996.

Nifty 50 index closed 0.57 per cent higher at 21,778, whereas the Sensex settled 0.52 per cent higher at 72,410 levels, , stock market, nifty, sensex, national stock exchange, retail investors, Intraday, coal india, zomato, suzlon energy, adani enterprises, Azad engineering

Azad Engineering share price: The IPO of Azad Engineering received a good response from investors with 80.6 times subscription at close. The category reserved for QIB was subscribed the most at 179 times, followed by NIIs at 87 times. The retail part received 23.7 times bids. The issue was a fresh equity of Rs 240 crore and an offer for sale (OFS) of Rs 500 crore.

India Business News: Azad Engineering has made a strong market entry with its shares trading at a 37.4% premium over the IPO price, starting at Rs 720 per share on the NSE

Innova Captab is set to debut on the bourses on December 29. This is going to be the last mainboard listing for the current calendar year

Stocks to watch: Shares of firms like Azad Engineering, SBI, Zomato, Bata, Adani Shares, Paytm, and others will be in focus on Thursday's trade.

Azad Engineering traded with volume of 1.51 crore equity shares on the NSE, and 7.8 lakh shares on the BSE