Azad Engineering IPO listing Highlights: Strong debut! Shares list at 35.50% premium on BSE
Azad Engineering IPO listing Price Highlights, Azad Engineering IPO Share Price NSE, BSE: Shares of Azad Engineering Ltd on Thursday listed with a premium of over 37 per cent against the issue price of Rs 524.
The stock made its debut at Rs 710, reflecting a jump of 35.49 per cent from the issue price on the BSE. Later, it zoomed 38.83 per cent to Rs 727.50. At the NSE, the stock listed at Rs 720, up 37.40 per cent.
Follow Zee Business BLOG on Azad Engineering Share the listing on NSE BSE for the latest updates:
Azad Engineering IPO listing Price Highlights, Azad Engineering IPO Share Price NSE, BSE: Shares of Azad Engineering Ltd on Thursday listed with a premium of over 37 per cent against the issue price of Rs 524.
The stock made its debut at Rs 710, reflecting a jump of 35.49 per cent from the issue price on the BSE. Later, it zoomed 38.83 per cent to Rs 727.50. At the NSE, the stock listed at Rs 720, up 37.40 per cent.
Follow Zee Business BLOG on Azad Engineering Share the listing on NSE BSE for the latest updates:
Latest Updates
Azad Engineering Share Listing NSE, BSE LIVE Updates: Check stoploss by Anil Singhvi
Anil Singhvi, Managing Editor of Zee Business, said that shares are expected to list in the price range of Rs 625-650. He suggested that short-term investors must keep a stoploss of Rs 600. The issue price of the IPO is Rs 524.
Azad Engineering Share Listing NSE, BSE LIVE Updates: QIBs fetched 179.66 times subscription
The portion for Qualified Institutional Buyers (QIBs) fetched a whopping 179.66 times subscription while the non-institutional investors part received 87.55 times subscription. The category for Retail Individual Investors (RIIs) got subscribed 23.71 times.