Azad Engineering IPO opens for public subscription on Wednesday, December 20, 2023, and will close on Friday, December 22, 2023. The price band for its public issue is Rs 499-524 per equity share with a face value of Rs 2 each. At the upper end of the price band, the company’s promoters and shareholders seek to raise Rs 740 crore from the IPO. The IPO comprises a fresh issue of equity shares worth Rs 240 crore and an Offer-For-Sale (OFS) with promoters offloading equity shares of Rs 500 crore.