- Ardee Industries IPO allotment is expected to be finalised today, August 10, 2026, after the public issue witnessed a massive response from investors.
- The initial public offering (IPO) of Ardee Industries was subscribed 133.66 times during the three-day bidding period, which ended on August 7.
- Investors can check their allotment status online through the NSE, BSE or IPO registrar KFin Technologies once the allotment is finalised.
- Once the allotment is completed, successful applicants will receive Ardee Industries shares in their demat accounts, while funds blocked for unsuccessful applications will be released.
- The listing on BSE and NSE is scheduled for August 12.
- The grey market premium (GMP) was around ₹16 per share on August 7, indicating a potential listing premium of about 30 percent at the upper end of the IPO price band of ₹53.
- The IPO opened for subscription on August 5 and closed on August 7.
- The IPO price band was fixed at ₹50 to ₹53 per share.
- The lot size was 281 shares, meaning retail investors bidding at the upper end of the price band had to invest a minimum of ₹14,893 for one lot.
- The public issue comprises a fresh issue of equity shares worth ₹320 crore and an offer for sale (OFS) of up to 1.99 crore shares by existing shareholders.
- Ardee Industries is engaged in the recovery and recycling of end-of-life energy storage products and non-ferrous metal scrap.
Ardee Industries Ltd's IPO, which opened on August 5 and closed on August 7, attracted overwhelming interest, being subscribed 133.66 times. Investors bid for 7,80,88,19,433 shares against 5,84,22,516 shares on offer. The Qualified Institutional Buyers (QIBs) category was particularly strong, with a subscription rate of 197.77 times, while Non-Institutional Investors (NIIs) saw a staggering 255.24 times subscription. Retail Individual Investors (RIIs) also participated actively, with a subscription of 45.71 times.8
The IPO comprises a fresh issue of 6.04 crore shares totaling Rs 320 crore and an offer for sale of 2 crore shares worth Rs 105.87 crore. The price band was set at Rs 50 to Rs 53 per share, with a minimum investment of Rs 14,893 for retail investors. The grey market premium (GMP) was reported at Rs 16 per share, suggesting a potential listing premium of 30% at the upper price band.67
Investors can check their allotment status on the BSE and NSE websites or through KFin Technologies, the registrar for the IPO. Successful applicants will see shares credited to their demat accounts on August 11, with refunds for unsuccessful applicants also processed on the same day. Ardee Industries specializes in the recovery and recycling of end-of-life energy storage products and non-ferrous metal scrap, manufacturing pure lead and lead alloys for various industries.312
“The IPO was subscribed 133.66 times, with NIIs seeing the strongest demand at 255.24 times and QIBs at 197.77 times. Shares are tentatively set to credit to demat accounts on August 11, with listing on BSE and NSE scheduled for August 12.”
Zee Business
