azad engineering

azad engineering has made a strong market entry with its shares trading at a 37.4% premium over the IPO price, starting at Rs 720 per share on the NSE. The BSE listing stood at Rs 710, a 35.5% increase from the issue price of Rs 524.

Sachin Tendulkar's investment bet on azad engineering has garnered him a notional profit of Rs 26.5 crore in the IPO, surpassing Mitchell Starc's recent record IPL deal worth Rs 24.75 crore. Incidentally, Mitchell Starc became the most expensive player in the IPL.

Hyderabad-based engineering company, azad engineering Ltd, has filed a draft red herring prospectus with the Securities and Exchange Board of India (SEBI) for its Rs 740 crore initial public offering (IPO). The IPO consists of a fresh issue of up to Rs 240 crore and an offer for sale of equity shares worth Rs 500 crore.

Authorities in Patna are ensuring a safe Ram Navami celebration with a 40-foot Lord Ram idol. Power supply will be cut along procession routes, and low-hanging cables are being addressed. Officials inspected the route, focusing on crowd management, medical facilities, and road repairs.

azad engineering Ltd has secured a contract from GTRE to manufacture advanced turbo engines for India's defence programs.

Precision engineering player azad engineering is investing $20 million (approx. 166 crore) in setting up an exclusive facility to manufacture critical and complex parts for Japanese giant Mitsubishi Heavy Industries (MHI) on Hyderabad's outskirts.

To combat the ongoing waterlogging issues in Hindpiri, the Ranchi Municipal Corporation has initiated an extensive drainage system project along Nala Road. Spanning 2,850 feet, this project notably includes a targeted 600-foot segment adjacent to a local school to improve water flow and curb flooding during the rainy season.

The allocation of shares for the azad engineering IPO will be completed on December 26 through a lottery system overseen by the registrar. Investors can check the number of shares allotted to them in comparison to their bids on the allotment date.

Sachin Tendulkar-backed Hyderabad company azad engineering has padded up for a seven-year innings as producer and supplier of critical engine parts to British aerospace and defence behemoth Rolls-Royce Plc for its military aircraft engines. azad engineering informed the bourses Monday that it has inked an agreement with Rolls-Royce Plc. The components will be manufactured at Azad's facilities in Hyderabad.

azad engineering has secured a $40 million contract with Arabelle Solutions France to supply crucial rotating and stationary components for the nuclear power generation industry. This five-year agreement follows a recent Rs 700 crore deal with Mitsubishi for power generation components. These contracts contribute to azad engineering's order book, which stands at Rs 4400 crore to Rs 4700 crore.