Azad Engineering Ltd (Ticker: AZAD IN) is a metal processors and fabricators company based in India. Established as a manufacturer in the aerospace and defence, energy, and oil and gas industries, Azad Engineering specializes in producing highly engineered, complex components, including 3D rotating airfoil portions of turbine engines and other critical products for various applications. The company caters to global OEMs in more than 16 countries.

Azad Engineering Ltd announced its IPO on December 14, 2023. The company is expected to raise INR 7.40 billion (USD 88.81 million) through this offering. The price range for the offering is expected to be between INR 499.00 and INR 524.00 (USD 5.99 to USD 6.29). The exact number of shares offered and the final offer price are yet to be determined. The expected listing date is for December 28, 2023. The offering is managed by Anand Rathi Advisors Ltd, Axis Capital Ltd, ICICI Securities Ltd, and SBI Capital Markets.