Azad Engineering Limited IPO Message Board (Page 25)

📢 Azad Engineering Limited IPO

🗓️Date : 20 - 22 Dec ,2023
🏷️Price Band : ₹499 - ₹524
📦Market Lot : 28 Shares
💰Appl Amt : ₹14,672
📏Size : ₹ 740 Cr Approx
👦Retail Portion : 35%
🔖Retail Form : 1,75,573
📄HNI Small Form : 1,792
📄HNI Big Form : 3,583
🏷️Face Value : ₹2

📈

Let's Try Calculating Ideal Price Band :

PAT H1 24 : 26.9 cr
TTM Basis : 53.8 cr

So Judging Valuations from PAT point of view is Not possible

So Let's Try Valuing Company at M.cap to EBITDA Ratio :

FY 23 EBITDA : 72.3 cr
FY 24 EBITDA TTM Basis : 104.6 cr

Peer Comparison Based on M.cap to EBITDA Ratio : 1.MTAR Tech : 44 Times
2.Paras Defence : 51.2 Times 3.Triveni Turbine : 46 Times
4.Dynamatic Technologies : 17 Times

So Avg. 41 Times But due to weak Operational Performance due to high interest costs because of high debts in books

Can value 32 Times

So.M.cap Comes at 3350 cr

So Issue price per share :
3350 cr - 240 cr ( Fresh Issue )
= 3110 cr ÷ No.of Shares Outstanding

So Issue price per share comes at around
570

So. M.cap Post-issue : 3350 cr
PE FY 24 TTM Basis : 62.3 Times

This Calculations are done after trying multiple ratios and I found this as the best one
This Specific IPO's Price Band Calculation was very tough and maybe correct or wrong only time will tell

Please do not trade in grey By considering this Price Band .

​@newgen consultancy Sir pls give me reply what are the chances of Vishnusirya project to go more up it has given already 400 percent but I think it's price is now also cheap can u please evaluate and tell sir pls....

​@Kamal want to learn share market 
Profit Booking would be ideal

Valuations doesn't make any sense

AZAD ENGINEERING ( FINAL )

Date : 20-22 December
Size : 740 cr
Price Band : 499-524
Lot Size : 28 Shares

M.cap Post-issue : 3097.5 cr

PE FY 24 TTM Basis : 57.6

Attractive Pricing

I hope this time we all have some allotement due to 9 IPO in short duration

6 will open in one go..will have to create a Excel for fund management ..

Oh my god one more. Itna Paisa kha se layenge ab to ruk jao🥲

Mainborad me phli bar sme wali felings aayi h.....ipos rukne ka name hi le rhe h

Price band should be in the range of 560-580

Price band: 499-524
Looks good

Alexa pls play " Aayiye Aapka Intezaar Tha"

Newgen consultancy Favourite ipo....DHAMAKEDAR HOGA....KEEP EYE ON IT.

Company is good but valuations will be very Very expensive ,

I will post Price Band Calculation
Already spent 1 hr but it's really really tough to Calculate or Predict price band

Will post in next 2-3 hrs.

Azad HOS Rs.200 Buyer