Page 13 - Azad Engineering News Today

The IPO of Azad Engineering received 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.

Azad Engineering IPO | The grey market investors seem to be very bullish on the IPO.

Our specially curated package of the most interesting articles to help you stay at the top of your game.

Muthoot Microfins IPO received decent intreset from investors with the issue being subscribed 11.52 times. QIBs led from the front, as they bid 17.47 times their allotted quota.

Azad Engineering IPO allotment: On the allotment date, investors will get to know about the number of shares allotted to them as against the bids made. They can check the allotment status through the BSE or by visiting the registrars website. Heres how you can check the status on BSE.

The equity shares are proposed to be listed on the BSE and NSE.

When stock markets resume trading on Tuesday in the holiday shortened week, a host of important domestic and global events lined-up during this week are likely to impact them. The underlying tone of the market remains positive. Major global markets will remain shut for trading on December 25, Monday on account of Christmas holiday.

Amongst the IPOs and listings, all eyes will be on the eight listings scheduled in the coming truncated week in the mainboard segment, though the action will be more in the SME segment.

If we go by the grey market trends, the listings of all eight companies will likely be at a minimum premium of over 20%. Motisons Jewellers is leading the lot as the stock is trading over 100% higher than the IPO price of Rs 55.

Analysts are positive about the company over its strong financial track record and superior outlook on growth. "We expect Azad to trade at a premium to peers post the listing," said Nirmal Bang.