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