Azad Engineering IPO GMP Today (58% Listing Gain?) 

The Azad Engineering IPO was launched on December 20, 2023 and closed on December 22, 2023.

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The allotment date of Azad Engineering IPO has been fixed as December 26, 2023.

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Azad Engineering IPO GMP today is ₹305 per share, as per market observers.

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Which means Azad Engineering shares are trading higher by ₹305 apiece in the grey market than their IPO price.

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Considering the GMP today and the issue price, Azad Engineering shares estimated listing price is ₹829 per share

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Azad Engineering IPO Listing Price  GMP Today ₹305 + IPO Price ₹524 = ₹829 Per share

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Which means 58.21% premium to the IPO price of ₹524 per share. (Profit on 1st day)