Page 14 - Azad Engineering News Today

Jay Powell meets the ghosts of markets past,  present and future

Unlisted shares of Azad Engineering are currently trading Rs 345 higher in the grey market, which is a 65.84 per cent listing gain from the public issue, Azad Engineering IPO: Check Latest GMP, Know How To Check Allotment Status

Motisons Jewellers, Happy Forgings and Azad Engineering drew strong interest from the primary market players.

Trident Techlabs IPO: The issue was subscribed 37 times by 11:20 am today with total share bids received so far at 16,89,24,000 against an issue size of 45,80,000 equity shares.

Unlisted shares of Azad Engineering are currently trading Rs 370 higher in the grey market, which is a 70.61 per cent listing gain from the public issue, Azad Engineering IPO Closes Today: Should You Subscribe? Check Latest GMP, Subscription Status

Azad Engineering IPO: According to market analysts, the companys shares are trading with a premium of Rs 440 in the unlisted market, an upside of 84% over the issue price.

India added 14 new unicorns in 2022, taking the total count to 100, but most have not gone public yet due to regulatory hurdles and high costs.

On March 6, Tendulkar picked up equity worth about Rs 5 crore in the company, which provides engineering and technology solutions for global OEMs in clean energy, aerospace, defence and oil & gas spheres. Following a stock split and bonus issue ahead of the IPO, he now owns 438,210 shares of the company.

Azad Engineering is raising a total of Rs 740 crore via its initial stake sale in the fixed price band of Rs 499-524 per share in the lot size of 28 equity shares.

Azad Engineering IPO | The trading in equity shares on the bourses will commence with effect from December 28.