The Rs 740-crore issue consists of a combination of fresh shares of Rs 240 crore by the company and an offer-for-sale of shares worth Rs 500 crore by existing shareholders
Unlisted shares of Azad Engineering are currently trading Rs 370 higher in the grey market, which is a 70.61 per cent listing gain from the public issue, Azad Engineering IPO Closes Today: Should You Subscribe? Check Latest GMP, Subscription Status
Azad Engineering is raising a total of Rs 740 crore via its initial stake sale in the fixed price band of Rs 499-524 per share in the lot size of 28 equity shares.
Unlisted shares of Azad Engineering are currently trading Rs 440 higher in the grey market, which is a 83.97 per cent listing gain from the public issue, Azad Engineering IPO: Should You apply? Check subscription status, GMP Today