Azad Engineering has debuted at Rs 710.00 on the BSE, up by 186 points or 35.50% from its issue price of Rs 524.00.
The scrip is currently trading at Rs 710.20, up by 186.20 points or 35.53% from its issue price. It has touched a high and low of Rs 727.50 and Rs 701.00 respectively. So far 4.54 lakh shares were traded on the counter.
The offering, which was open for subscription between December 20, 2023 and December 22, 2023 was subscribed 80.65 times. The issue price was fixed at Rs 524 per share i.e. at upper end of price band of Rs 499-524 apiece.
Azad Engineering is one of the key manufacturers of its qualified product lines in the aerospace and defence, energy and oil and gas industries, manufacturing highly engineered, complex and mission and life-critical components.
| Company Name | CMP |
|---|---|
| BHEL | 316.70 |
| Thermax | 4141.20 |
| Kirloskar Oil Eng | 1616.95 |
| Skipper | 433.50 |
| GMM Pfaudler | 931.05 |
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