Breaking News: Azad Engineering IPO Allotment Status Announced, Investors Anxiously Check Their Fate-The much-anticipated allotment status of Azad Engineering IPO has been officially announced today. Investors are eagerly checking to ascertain whether they have been allotted shares in the aerospace components and turbine manufacturing company. The IPO witnessed an overwhelming response, oversubscribed by a staggering 83.04 times by the closing date on December 22.
How to Check Azad Engineering IPO Allotment Status:
- Via Kfin Technologies:
- Visit the official website of IPO registrar Kfin Technologies.
- Select “Azad Engineering Limited” in the “Select IPO” dropdown.
- Choose an option to check status: Application No, Demat Account, or PAN.
- Enter the relevant details and Captcha.
- Click ‘Submit’ to view the Azad Engineering IPO allotment status.
- Via BSE:
- Visit the allotment page on the BSE’s official website.
- Under ‘Issue Type,’ select ‘Equity.’
- Choose Azad Engineering IPO from the dropdown under ‘Issue Name.’
Final Steps to View Allotment Status:
- Enter PAN or application number.
- Confirm identity by clicking on ‘I am not a Robot.’
- Hit the ‘Submit’ button.
Investors will now be able to see whether they have been allotted Azad Engineering IPO shares.
Post-Allotment Insights: Investors who successfully bid for the IPO will find Azad Engineering shares credited to their demat accounts.
Listing Date and GMP: The Grey Market Premium (GMP) as of today is Rs 305 per share, indicating a significant premium over the IPO price of Rs 524 per share. The estimated listing price is Rs 829 apiece, representing a 58.21% premium.
Important Note: Investors should be cautious as GMP is not necessarily an accurate indicator of the actual market listing price. Market conditions can influence the final listing price.