Ardee Industries Limited will open its Initial Public Offering (IPO) for subscription on Wednesday, August 5, 2026. The Anchor Investor bidding will take place on Tuesday, August 4, while the issue will close on Friday, August 7, 2026.
The company has fixed the IPO price band at ₹50 to ₹53 per equity share, with each share having a face value of ₹2. Investors can bid for a minimum of 281 equity shares and in multiples of 281 shares thereafter.
The IPO comprises a fresh issue of equity shares aggregating up to ₹320 crore and an Offer for Sale (OFS) of up to 19,975,000 equity shares by promoter selling shareholders Sandeep Aggarwal and Nikunj Aggarwal. Each promoter is offering up to 9,987,500 equity shares.
The issue is being made through the Book Building Process. Not more than 50% of the offer will be available for allocation to Qualified Institutional Buyers (QIBs), while not less than 15% will be reserved for Non-Institutional Bidders and not less than 35% for Retail Individual Bidders, subject to applicable SEBI regulations.
The equity shares are proposed to be listed on both BSE and NSE, with NSE serving as the Designated Stock Exchange.
Pantomath Capital Advisors Private Limited is the Book Running Lead Manager, while KFin Technologies Limited is the Registrar to the Offer.
The IPO will be conducted through the ASBA process, with UPI available for eligible investors.
