Page 17 - Azad Engineering News Today

The much-awaited IPO of Tata Technologies undoubtedly earns the award of best debutant of 2023. The stock not only doubled on listing day itself but is still trading around 148% higher from the issue price. The Rs 3,034-crore IPO also managed to break LICs record by garnering a record number of 73.58 lakh applications.

The journey from cricket pitch to Dalal Street! Azad Engineering IPO takes flight on Dec 20. Should you invest?

Hyderabad-based Azad Engineering started operations in 2008 and it makes airfoil blades used in turbines for power generation to improve efficiency. Azad is the most recent entrant in the global supply chain which has not seen a new supplier for many years.

This week will experience about 12 IPOs commencement. Continue reading to find out the details of the Initial Public Offerings launching this week.

Going ahead, Bank of Japans policy decision, minutes of RBI MPC meeting and primary market action will be key to monitor. All eyes are on whether markets can scale new highs and continue gaining streak for eighth consecutive week

Analysts said the strong interest in IPOs is due to an increased focus on profitability and reasonable pricing of deals, at least relative to prevailing higher valuation multiples in listed peers.

"The IPO market is clearly very hot. Given the fact that these are primary issuances, I would rather not speak about specific IPOs. But I think given the fact that market sentiment is overall very strong, retail participation is aggressive, small and midcaps are kind of doing very well."

If you have missed opportunities to bid in these IPOS then next week you will have multiple options to bid in

Flood of IPOs next week | More than Rs 4,600 crore of fund raising will be taking place by the 12 companies in the coming week starting from December 18, after nearly Rs 4,000-crore worth of IPOs launched in the last week ended December 15.

Azad Engineering's customer base includes the USA, China, Europe, the Middle East and Japan. The company has four manufacturing facilities in Hyderabad, Telangana, India.