Azad Engineering IPO Allotment Status Online

The Azad Engineering IPO allotment status will be available on December 26, 2023, as per the timeline provided in the red-herring prospectus.

Below are the steps to check Azad Engineering IPO allotment status online:

• Visit the Azad Engineering IPO allotment status page.
• Click on the green Azad Engineering IPO Allotment Status.
• Enter either PAN number, Application Number or DP Client ID of the demat account to check the Azad Engineering IPO allotment status.
• Click Search.

Note: The disabled button shows that the allotment is not yet available online.

The allotment result looks like as below:

• PAN No.: AHMLK1898J
• Application No.: RL041213805307
• Name: Mr. Rajveer Singh
• Shares Applied: 40
• Shares Allotted: 40

The expected listing price of Azad Engineering IPO depends on many factors including demand, nature of the business, market environment and state of the economy. The Azad Engineering IPO grey market premium gives some hint but the actual listing price is difficult to guess.

Azad Engineering IPO allotment status is expected on December 26, 2023. Click the green button Azad Engineering IPO Allotment Status above to check the allotment. Note the button remains to disable until the allotment is available online.

If Azad Engineering IPO oversubscribed in the retail category, the Azad Engineering IPO shares will be distributed on a proportionate basis to Retail Individual Investors (RII). Each retail investor will get a minimum of 1 lot subject to the availability of shares in the retail portion. If enough shares are not available, a lottery is drawn to choose the investors.

The Azad Engineering IPO shares will get listed on Thursday, December 28, 2023. The equity share of Azad Engineering Limited will list on BSE, NSE.

The reason you didn't get the Azad Engineering IPO could be:

• IPO become oversubscribed and allotment process is completed through a lottery
• The IPO application got rejected due to mismatch/incomplete information
• The issue price is higher than the bid price. (Always apply on cut-off price).