Niva Market Watch

Ardee Industries Limited IPO

listed · NSE · Bookbuilding IPO

Ardee Industries Limited IPO was a ₹426 crore book-built issue on NSE with a price band of ₹50–₹53 per share, open for bidding from 5 Aug 2026 to 7 Aug 2026.

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Company overview

Website
https://ardeeindustries.com/

IPO overview

Ardee Industries Limited raised ₹426 crore through a book-built issue, combining new shares issued by the company (a fresh issue) with shares sold by existing shareholders (an offer for sale).

Bids were accepted within a price band of ₹50–₹53 per share (face value ₹2); the final issue price is set within this band after bidding closes.

The shares listed on NSE on 12 Aug 2026.

Pantomath Capital Advisors Pvt.Ltd. was the book-running lead manager and Kfin Technologies Ltd. is the registrar, which processes applications, allotment and refunds.

Issue type
Bookbuilding IPO
Issue structure
Fresh capital cum OFS
Issue size
₹426 crore
Price
₹50–₹53 per share
Face value
₹2 per share
Exchange
NSE
Lead manager
Pantomath Capital Advisors Pvt.Ltd.
Registrar
Kfin Technologies Ltd.

IPO timeline

  1. Bidding opens 5 Aug 2026
  2. Bidding closes 7 Aug 2026
  3. Basis of allotment 10 Aug 2026
  4. Refunds / unblocking 11 Aug 2026
  5. Shares credited to demat 11 Aug 2026
  6. Listing 12 Aug 2026

Bidding ran from 5 Aug 2026 to 7 Aug 2026.

After bidding, the basis of allotment was due on 10 Aug 2026, refunds / unblocking of funds were due on 11 Aug 2026 and shares were due to be credited to demat accounts on 11 Aug 2026.

The shares listed on 12 Aug 2026.

Subscription summary

By the close of bidding, the issue was subscribed 138.84× overall (last figure recorded 7 Aug 2026).

A full category-wise breakdown is not available for this figure, so only the overall multiple is shown.

Recorded day by day: 5 Aug 3.27×, 6 Aug 14.73× and 7 Aug 138.84×.

Bids were received for 138.84× the shares available, so not every applicant in an oversubscribed category will receive shares.

Grey market premium (unofficial)

The last grey market premium (GMP) we recorded for this issue was ₹14.50 on 11 Aug 2026, equal to 27.4% of the upper price band.

Across 13 readings between 30 Jul 2026 and 11 Aug 2026, the quoted GMP ranged from ₹6.75 to ₹16.

We do not yet record actual listing prices, so this page does not compare the GMP with where the shares opened.

  • GMP is unofficial: it is not published or verified by NSE, BSE or SEBI, changes quickly, and is not a forecast or guarantee of the listing price.

Allotment

The basis of allotment was due on 10 Aug 2026. Applicants can check their status using their PAN, application number or demat account details.

The registrar, Kfin Technologies Ltd., processes allotment; check status on its website or the exchange's application-status page.

Sources and data methodology

NSE & BSE public-issue data; Chittorgarh and InvestorGain (fill gaps only); InvestorGain live subscription report (third-party); InvestorGain grey market report (unofficial); Chittorgarh allotment calendar. Methodology · Report an error

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