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Azad Engineering share price: The IPO of Azad Engineering received a 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 issue was a fresh equity of Rs 240 crore and an offer for sale (OFS) of Rs 500 crore.
India Business News: Azad Engineering has made a strong market entry with its shares trading at a 37.4% premium over the IPO price, starting at Rs 720 per share on the NSE
Innova Captab is set to debut on the bourses on December 29. This is going to be the last mainboard listing for the current calendar year
Stocks to watch: Shares of firms like Azad Engineering, SBI, Zomato, Bata, Adani Shares, Paytm, and others will be in focus on Thursday's trade.
Azad Engineering traded with volume of 1.51 crore equity shares on the NSE, and 7.8 lakh shares on the BSE