Azad Engineering IPO Listing: Great listing of Azad Engineering, investors got 37 percent profit
Sachin Tendulkar additionally has funding within the firm
Grasp blaster Sachin Tendulkar has additionally invested on this firm in Azad Engineering. There was details about Sachin Tendulkar investing cash on this firm in May 2023. Based on the report, he had invested Rs 5 crore. The corporate is quoting the difficulty at a value band of ₹499-524 per share at a P/E a number of of 58x on post-issue annualized H1FY24 PAT foundation. Manufacturing extremely engineered, advanced and mission and life-critical excessive precision elements for world OEMs, with growing competitors from China and Japanese Europe, excessive world market penetration, the corporate has a long-term imaginative and prescient of supplying OEMs with superior manufacturing services. Have lasting and deep buyer relationships. The corporate’s clients embody General Electric, Honeywell Worldwide Inc., Mitsubishi Heavy Industries, Siemens Power, Eaton Aerospace and MAN Power Options SE.
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