Crow Verdict: Azad Engineering enjoys near-monopoly in a niche market for the aerospace industry. Its flagship business is turbine blades which require specialized techniques to produce and attracts standards scrutiny. Due to high entry barriers and self-designed innovative technology, it will continue to enjoy this benefit. Though the asking price makes this a ridiculous issue, it would be foolish to not ride the wave. However, a potential coronavirus wave and overall bearish mood due to constant ATH pounding of stocks, I suggest caution. Last time such high valuations played spoilsport at listing, regardless of industry, were Yatra Online, TVS Supply Chain, ideaForge (hmm), Dreamfolks, Ethos, LIC, Fino Payments, and Nykaa. This will list solo, so I'm slanting towards the positive here.
Crow's skin in the game: Will secure 1 retail lot if QIB crosses 15x and GMP stays above 30% till last day 5 PM.
Crow's last APPLY recommendation: DOMS Industries (77% listing pop).
Always in restraint of Mrs. Crow.