Amongst the IPOs and listings, all eyes will be on the eight listings scheduled in the coming truncated week in the mainboard segment, though the action will be more in the SME segment.
Analysts are positive about the company over its strong financial track record and superior outlook on growth. "We expect Azad to trade at a premium to peers post the listing," said Nirmal Bang.
Unlisted shares of Azad Engineering are currently trading Rs 345 higher in the grey market, which is a 65.84 per cent listing gain from the public issue, Azad Engineering IPO: Check Latest GMP, Know How To Check Allotment Status
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 IPO: According to market analysts, the company s shares are trading with a premium of Rs 440 in the unlisted market, an upside of 84% over the issue price.