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The strong listing comes on the back of good interest shown by investors in the company's Rs 740-crore public issue. Qualified institutional buyers took the lead, buying 179.66 times the allotted quota
Azad Engineering Share Price LIVE: The listing of the IPO is today, and the share price will be updated shortly.
The investments of Saina Nehwal, PV Sindhu, and VVS Laxman have tripled. According to the prospectus, their adjusted acquisition price was Rs 228.17. Each of them holds 44,000 shares
If the current trends are sustained, Azad Engineering's shares are expected to list at a premium of 53%. The issue was priced in the range of Rs 499-524.
Azad Engineering is expected to announce its share allotment status on Tuesday, December 26.The shares of Azad Engineering were subscribed 80.6 times.The shares