Page 16 - Azad Engineering News Today

Azad Engineering IPO comprises fresh equity of Rs 240 crore and an offer for sale (OFS) of Rs 500 crore. Under the OFS, promoter Rakesh Chopdar, Investor Piramal Structured Fund, and DMI Finance will offload shares.

Azad Engineering IPO comprises ₹500 crore offer for sale (OFS) component by promoters and external investors.

Azad Engineering IPO GMP Today: T​According to various websites that track unregulated market activities the Azad Engineering IPO was commanding a GMP of Rs 440 on the upper price band of Rs 524.​, Markets News, Times Now

The category reserved for non-institutional investors was subscribed the most at 2.3 times, followed by retail investors at 1.67 times. There were no bids in the QIB category.

Azad Engineering IPO: The Rs 740-crore IPO is a combination of fresh issue and OFS

The SEBI has issued observation letters to Jyoti CNC Automation and Popular Vehicles & Services on December 15, while BLS E-Services received the said letter on December 12.

Sachin Tendulkar backed-Azad Engineerings Rs 740-crore IPO consists of a fresh issue of shares worth 240 crore and an offer-for-sale of shares worth Rs 500 crore

The issue comprises fresh equity of Rs 240 crore and an offer for sale (OFS) of Rs 500 crore. Under the OFS, promoter Rakesh Chopdar, investor Piramal Structured Fund, and DMI Finance will offload shares.

The companys shares are expected to get listed on both the exchanges. Here are 10 things to know about the offer.

Azad Engineering IPO: The Rs 740-crore issue is a combination of fresh issue of shares and OFS.