Ardee Industries Limited (“Ardee” or the “Company”) has allotted, 2,41,05,584 equity shares to seven anchor investors at ₹ 53 per equity share, being the upper price band, aggregating ₹ 127.75 Crores, ahead of company’s proposed Initial Public Offer (“IPO”).
The anchor book saw participation from a wide variety of investors, including Bank of India Small Cap Fund, Ashish Kacholia led Bengal Finance & Investment Pvt Ltd, Rohit Kothari led Winro Commercial (India) Limited, The Wealth Company Alternates Trust – Bharat Value Fund, India Max Investment Fund Limited, Sundar Iyer led Cognizant Capital Dynamic Opportunities Fund – Investment Account, and IMAP India Capital Investment Trust – Catalyst New India Fund.
Ardee Industries Limited proposes to open the initial public offering of its equity shares tomorrow, Wednesday, August 05, 2026. The Bid/Offer Closing Date is Friday, August 07, 2026.
The Price Band of the Offer has been fixed from ₹ 50 per Equity Share to ₹53 per Equity Share. Bids can be made for a minimum of 281 Equity Shares and multiples of 281 Equity Shares thereafter.
Earlier last week, the Company also completed a pre-IPO secondary transaction aggregating ₹115.00 Crores at ₹ 53 per equity share. Marquee Investors including Ashish Kacholia, Bharat Value Fund, Winro Commercial (India) Limited, Gagandeep Consultancy Private Limited, Urjita Jagdish Master, Shruti Gagan Chaturvedi, Jaisinghani Family Office, Meru Investment Fund participated in the transaction.
The combined pre-IPO and anchor investor participation demonstrates a concentrated position held by leading investors, signalling strong institutional conviction in the Company.
The Offer comprises a fresh issue of Equity Shares aggregating up to ₹320 Crores and an Offer for Sale of up to 19,975,000 Equity Shares by certain promoter selling shareholders including up to 9,987,500 Equity Shares by Sandeep Aggarwal and up to 9,987,500 Equity Shares by Nikunj Aggarwal.
Pantomath Capital Advisors Private Limited is the book running lead manager to the issue.