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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: TAccording 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