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 up to 80,352,358 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 up to Rs. 425.87 Crores comprising a fresh issue of up to 60,377,358 equity shares of face value of Rs. 2/- each aggregating up to Rs. 320.00 Crores by the company ("Fresh Issue") and an offer for sale of up to 19,975,000 equity shares of face value of Rs. 2/- each aggregating up to Rs. 105.87 Crores ("Offered Shares") comprising up to 9,987,500 equity shares of face value of Rs. 2/- each aggregating up to Rs. 52.93 Crores by Sandeep Aggarwal and up to 9,987,500 equity shares of face value of Rs. 2/- each aggregating up 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 shall constitute [*]% of the post-offer paid up equity share capital of the company. Price Band: Rs. 50 to Rs. 53 per equity share of face value of Rs. 2 each. The floor price is 25.00 times of the face value of the equity shares and the cap 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 | ₹50.00 - 53.00 | |
| Minimum Application for shares in Nos : 281.0 | Further Multiples of :281.0 |
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| (₹ Cr) | Lead Managers to the Issue | |
|---|---|---|
| Project Cost | 0.00 | Pantomath Capital Advisors Private Limited |
| Project Financed through Current Offer | 419.88 | |
| Post Issue Equity Share Capital | 67.04 | |
| Issue Price | 50.00 |
| Projects |
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| 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 |
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| Sandeep Aggarwal |
| Nikunj Aggarwal |
| Esha Gupta |
| Listing At |
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| BSE |
| NSE |
| Registrar To The Issue |
|---|
| KFin Techologies Ltd |
