Sachin Tendulkar backed-Azad Engineerings Rs 740-crore IPO consists of a fresh issue of shares worth 240 crore and an offer-for-sale of shares worth Rs 500 crore
The issue 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.