IPO Synopsis
| Ardee Industries Ltd |
|---|
| Registered Office: Khasra No.340 1st & 3rd Floor,Village Sultanpur Gadaipur,New Delhi-110030, New Delhi |
| Tel. No: +91 11 4760 0214 |
| Fax No: NA |
| 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 | Money Payable On | ||
|---|---|---|---|
| Opens On | Closes On | Application | |
| 05-Aug-2026 | 07-Aug-2026 | ₹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 | 286.27 | Pantomath Capital Advisors Private Limited |
| Project Financed through Current Offer | 425.87 | |
| Post Issue Equity Share Capital | 67.04 | |
| Issue Price | 53.00 |
| 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 |
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| BSE |
| NSE |
| Registrar To The Issue |
|---|
| KFin Techologies Ltd |
