Azad Engineering IPO — Listing Performance
Azad Engineering IPO facts & figures
| Issue category | Mainboard |
|---|---|
| Issue open date | 20 Dec 2023 |
| Listing date | 28 Dec 2023 |
| Issue price | ₹524 |
| Listing-day close | ₹677.50 (29.29%) |
| Recent market price | ₹2,849.10 (443.72% vs issue) |
| 52-week range | ₹1,366.50 – ₹2,899.90 |
| Identifiers | NSE: AZAD · ISIN: INE02IJ01035 |
How the listing went
Azad Engineering had a strong market debut, ending listing day 29.29% over the issue price.
Azad Engineering against every other debut on record
- Rank in 2023: 72 of 172 NSE debuts, on a 29.29% first-day close.
- 62nd percentile of 56 mainboard debuts in 2023 (median 21.06%).
- 11th of 24 debuts in December 2023.
- Opened 37.4% above issue, then gave up 8.11 points to the close.
- Day-one range ₹670 to ₹727: a 10.88% swing on the issue price.
- Last close ₹2,849.10 (11 Sep 2026): 443.72% above issue, against 29.29% on day one.
- 97% up its 52-week range of ₹1,366.50 to ₹2,899.90.
- Priced at the top of the ₹499 to ₹524 band.
- Listed 6 calendar days after close.
- All 508 mainboard debuts on record: median 12.01%, 72% closed above issue.
Computed over 1109 verified NSE debuts to 11 Sep 2026 · sources