Azad Engineering Ltd IPO
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Azad Engineering Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 141.22 L | ₹ 95.42 L | ₹ 49.43 L | ₹ 422.42 L | BSE | ₹ 740 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 20 Dec, 23 | 22 Dec, 23 | 28 | ₹ 13,972 | Book Building | 28 Dec, 23 |
Azad Engineering Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Engineering |
| Sub Sector | NA |
| Issue Type | Book Building |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 0x | 7061069 | 0 |
| NII | 0x | 2118320 | 0 |
| Retail | 0x | 4942748 | 0 |
| Employee | 0x | 0 | 0 |
| Total | 0x | 14122137 | 0 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Azad Engineering Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 340.77 | 251.68 | 194.47 |
| EBITDA | 121.85 | 46.36 | 65.30 |
| PAT | 58.58 | 8.51 | 28.00 |
| Total Assets | 425.58 | 290.35 | 168.95 |
| Share Capital | 11.82 | 1.65 | 1.51 |
| Total Borrowings | 100.91 | 332.93 | 215.59 |
| Operating Activities (Net Cash) | 79.11 | 25.09 | 41.31 |
| Investing Activities (Net Cash) | -45.43 | -31.71 | -17.38 |
| Financing Activities (Net Cash) | 100.91 | 332.93 | 215.59 |
| Net Cashflow | 58.92 | 52.72 | 17.66 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About Azad Engineering Ltd
Azad Engineering Limited was originally incorporated as `Azad Engineering Private Limited' at Hyderabad, Telangana, as a private limited company under the Companies Act, 1956, pursuant to the certificate of incorporation dated September 14, 1983, issued by Registrar of Company, Telangana at Hyderabad (RoC). Subsequently, the name of the Company was changed to `Azad Engineering Limited' pursuant to the conversion of the Company from a private limited company to a public limited company and a fresh certificate of incorporation dated September 5, 2023, was issued by the RoC.
The Company's diversified product ranges across energy, aerospace and defence, and oil and gas industries. The Company is one of the key manufacturers of its qualified product lines supplying to global OEMs primarily engaged in highly regulated industries, including energy, aerospace and defence, and oil and gas industries, manufacturing highly engineered, complex and mission and life-critical components.
Azad Engineering Limited is one of the key manufacturers of its qualified product lines supplying to global original equipment manufacturers (OEMs) in the energy, aerospace and defence, and oil and gas industries, manufacturing highly engineered, complex and mission and life-critical components. The Company manufactures complex and highly engineered precision forged and machined components that are mission and life-critical and hence, some of its products have a zero parts per million defects requirement. As of September 30, 2023, the company generated a revenue of Rs.1,142.92 million from sale of airfoils/ blades for the energy industry, which comprised of 72.00% of its revenue from operations. Its customers include global OEMs across the energy, aerospace and defence and oil and gas industries such as General Electric, Honeywell International Inc., Mitsubishi Heavy Industries, Ltd., Siemens Energy, Eaton Aerospace and MAN Energy Solutions SE.
Peer Comparison:
- MTAR Technologies Ltd
- Paras Defence and Space Technologies Ltd
- Dynamatic Technologies Ltd
- Triveni Turbine Ltd
Azad Engineering Ltd IPO Key Points
Strengths
- Engineered for success and a preferred name in the manufacturing of highly engineered, complex, and mission and life- critical high precision components for global OEMs growing competition from China and Eastern Europe.
- Supplying to OEMs with high global market penetration.
- Long-standing and deep customer relationships.
- Advanced manufacturing facilities with a diverse range of products and solutions with focus on innovation and cost competitiveness.
- Consistent track record of financial performance.
Risk
- Its business is dependent on the sale of its products to key customers. The loss of any of the company key customers or loss of revenue from sales to its customers could have a material adverse effect on its business, results of operations, financial condition, cash flows and future prospects.
- The company is highly dependent on its Hyderabad facilities for the entire portion of the company revenue from operations. Any disruption, breakdown or shutdown of its Hyderabad facility may adversely affect the company's business, results of operations, financial condition, cash flows and future prospects.
- Any failure to compete effectively in the highly competitive global industry of high precision and mission critical components manufacturing could have a material adverse effect on its business, results of operations, financial condition, cash flows and future prospects.
Strategy
- Leverage its industry-leading capabilities by continuing to diversify its customer base and increase penetration and wallet share with existing customers by entering into new component lines.
- Augment its manufacturing capabilities, including by way of inorganic acquisitions, to better serve its customers and to build scale, while delivering state of the art execution.
- Strengthening its core capabilities across its focus industries.
- Further reduce operating costs, improve operating efficiencies and deploy new technologies.
- Engineered for success and a preferred name in the manufacturing of highly engineered, complex, and mission and life- critical high precision components for global OEMs growing competition from China and Eastern Europe.
- Supplying to OEMs with high global market penetration.
- Long-standing and deep customer relationships.
- Advanced manufacturing facilities with a diverse range of products and solutions with focus on innovation and cost competitiveness.
- Consistent track record of financial performance.
How To Apply for Azad Engineering Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.
