Last day to apply for Azad Engineering IPO: What should you do? Here is what Anil Singhvi suggests

Azad Engineering IPO review: Anil Singhvi, Managing Editor of Zee Business, shared his thoughts on the Azad Engineering IPO, which entered the second day of bidding on Thursday, December 21.

Azad Engineering IPO: The IPO of the manufacturer of aerospace components and turbines remains open for subscription for three trading days, i.e., until December 22 from 10 am to 5 pm. Image: Official website

Azad Engineering IPO review: Anil Singhvi, Managing Editor of Zee Business, shared his thoughts on the Azad Engineering IPO, which entered the second day of bidding on Thursday, December 21. The market expert suggested investors apply for the IPO for a big listing gain and from a long-term perspective. Singhvi has pointed out the following key points about the company:

Positive

High entry barrier
Strong global presence
Impressive financial track record
Reasonable valuations

Negative

Focus on limited clients

The IPO of the manufacturer of aerospace components and turbines remains open for subscription for three trading days, i.e., until December 22 from 10 am to 5 pm. The Azad Engineering IPO is a book-built issue of Rs 740 crore. The issue is a combination of a fresh issue of 0.46 crore shares and an offer for sale of 0.95 crore shares.

Last seen, Azad Engineering IPO had received bids for 5,82,61,420 shares on Day 2 of the bidding process as against the 1,01,22,705 shares on offer, according to provisional exchange data.

Here are a few other details about the IPO: