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Azad Engineering IPO, which was priced at Rs 524, received a good response from investors with 80.6 times subscription at close.
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.
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
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
India Business News: Sachin Tendulkar's investment bet on Azad Engineering has garnered him a notional profit of Rs 26.5 crore in the IPO, surpassing Mitchell Starc's rece