As per ET, on the allotment date, traders can verify the variety of shares allotted to them compared to their bids. To verify the allotment standing, traders can use the BSE platform or go to the registrar’s web site.
Here is a three-step information that will help you verify the standing on BSE:
- Go to the BSE web site.
- Select the corporate’s identify from the dropdown menu, listed as the difficulty identify.
- Enter both the applying quantity or PAN quantity to verify the allotment standing.
Azad Engineering GMP (Gray Market Premium)
The corporate’s shares are scheduled to be listed on exchanges on December 28, and sources report a premium of Rs 375 within the unlisted market. With an higher worth band of Rs 524, the inventory is predicted to debut with a 71% premium.
Azad Engineering IPO subscription
The IPO garnered important curiosity, with a subscription fee of 80.6 instances on the ultimate day of bidding. The QIB class led with a subscription of 179 instances, adopted by NIIs at 87 instances, and the retail phase at 23.7 instances. Azad Engineering is a key producer in varied industries, supplying mission-critical elements to international unique tools producers in aerospace, defence, power, and oil and gasoline.
Within the monetary 12 months 2023, the corporate reported a 31% YoY enhance in income from operations to Rs 261 crore. Regardless of a 71% lower in web revenue to Rs 8.4 crore throughout the identical interval, the corporate demonstrated strong development. The income grew at a Compound Annual Development Fee (CAGR) of 43% between FY21 and FY23, whereas the PAT margin elevated at a CAGR of 49% over the identical interval.
