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Ardee Industries Ltd

Ardee Industries Ltd

    Registered Office : Khasra No.340 1st & 3rd Floor,Village Sultanpur Gadaipur,New Delhi New Delhi 110030 Phone : +91 11 4760 0214
    Fax :

    Email : cs@ardeeindustries.com

    Website : www.ardeeindustries.com

Initial public offer of 80,351,950 equity shares of face value of Rs. 2 each ("Equity Shares") of Ardee Industries Limited ("Company" or "Issuer") for cash at a price of Rs. 53 per equity share (including a share premium of Rs. 51 per equity share) ("Offer Price") aggregating to Rs. 425.87 Crores comprising a fresh issue of 60,376,950 equity shares of face value of Rs. 2 each aggregating to Rs. 320.00 Crores by the company ("Fresh Issue") and an offer for sale of 19,975,000 equity shares of face value of Rs. 2 each aggregating to Rs. 105.87 Crores ("Offered Shares") comprising 9,987,500 equity shares of face value of Rs. 2 each aggregating to Rs. 52.93 Crores by Sandeep Aggarwal and 9,987,500 equity shares of face value of Rs. 2 each aggregating to Rs. 52.93 Crores by Nikunj Aggarwal (collectively, the "Promoter Selling Shareholders") and such offer for sale, together with the fresh issue, the "Offer". The offer constituted 25.49% of the post-offer paid up equity share capital of the company. Price Band: Rs. 53 per equity share of face value of Rs. 2 each. The floor price is 26.50 times of the face value of the equity shares. Bids can be made for a minimum of 281 equity shares of face value of Rs. 2 each and in multiples of 281 equity shares of face value of Rs. 2 each thereafter.

Issue

Opens On

Closes On

05-Aug-2026

07-Aug-2026

Money Payable On

Application

Allotment

53.00

0.00

Minimum Application for shares in Nos : 281.0 Further Multiples of : 281.0

₹Cr

Lead Managers to the Issue

Project Cost (₹.Cr)

Project Financed through Current Offer (₹.Cr)

Post Issue Equity Share Capital (₹.Cr)

Issue Price (₹.Cr)

286.27

425.87

67.04

53.00

Pantomath Capital Advisors Private Limited

Projects
  • Funding incremental working capital requirement of the Company
  • Repayment and/or pre-payment, in full or in part, of certain borrowings availed by its Company
  • General corporate purposes
Promoted By
  • Sandeep Aggarwal
  • Nikunj Aggarwal
  • Esha Gupta
Listing At
  • BSE
  • NSE
Registrar to the Issue
  • KFin Techologies Ltd