Azad Engineering IPO: Issue fully subscribed on day 1, retail, NIIs steal the show; check latest GMP
₹499 to ₹524 per equity share of the face value of ₹2. Azad Engineering IPO lot size is 28 equity shares and in multiples of 28 equity shares thereafter.
Also Read: Azad Engineering IPO opens today: GMP, subscription status, dates, review, other key details. Apply or not? Azad Engineering IPO has reserved not more than 50% of the shares in the public issue for qualified institutional buyers (QIB), not less than 15% for non-institutional Institutional Investors (NII), and not less than 35% of the offer is reserved for retail investors.
Employees portion have been reserved equity shares aggregating up to ₹4 crores. On day 1, Azad Engineering IPO's retail investors portion was subscribed 1.37 times, NII portion was subscribed 1.50 times, and QIB portion is yet to be booked.
The employee portion is booked 75%. "Exciting news! Mint is now on WhatsApp Channels
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