Ardee Industries Limited has announced the launch of its Initial Public Offering (IPO), with the issue scheduled to open for subscription on Wednesday, August 5, 2026, and close on Friday, August 7, 2026. The company has fixed the price band at ₹50 to ₹53 per equity share of face value ₹2 each. The anchor investor bidding will take place on Tuesday, August 4, 2026.
The public issue comprises a fresh issue of equity shares aggregating up to ₹320 crore and an Offer for Sale (OFS) of up to 1,99,75,000 equity shares by promoter shareholders Sandeep Aggarwal and Nikunj Aggarwal, who will each divest up to 99,87,500 shares.
Investors can bid for a minimum of 281 equity shares and in multiples of 281 shares thereafter. The IPO is being offered through the book-building process in accordance with the Securities Contracts (Regulation) Rules, 1957, and the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations.
Under the allocation structure, up to 50% of the issue will be reserved for Qualified Institutional Buyers (QIBs), with the company retaining the option to allocate up to 60% of the QIB portion to anchor investors. The allocation framework also provides reservations for domestic mutual funds, life insurance companies and pension funds, subject to applicable regulatory provisions.
At least 15% of the issue will be allocated to Non-Institutional Investors (NIIs), while 35% has been earmarked for Retail Individual Investors. Retail investors and other eligible bidders, except anchor investors, will be required to submit applications through the Application Supported by Blocked Amount (ASBA) process. UPI-based applications will also be accepted in accordance with SEBI guidelines.
The proceeds from the fresh issue are expected to support the company’s growth plans, while the Offer for Sale will enable the promoter shareholders to partially monetize their holdings. Upon completion of the offering, the equity shares are proposed to be listed on both BSE Limited and the National Stock Exchange of India Limited (NSE), with NSE serving as the designated stock exchange for the issue.
The Red Herring Prospectus is available for investors seeking detailed information on the offering, including risk factors, financial performance, business operations and the proposed utilization of proceeds. The IPO provides investors an opportunity to participate in the company’s next phase of growth as it expands its business and strengthens its market presence.
