IPO IPO-Synopsis
Ardee Industries Ltd

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Registered Office: Khasra No.340 1st & 3rd Floor,Village Sultanpur Gadaipur , New Delhi - 110030 , New Delhi , India.
Phone : +91 11 4760 0214   Fax:
Email :  cs@ardeeindustries.com  
Website :  www.ardeeindustries.com
Initial public offer of 80,351,950 equity shares of face value of Rs2 each ("Equity Shares") of Ardee Industries Limited ("Company" or "Issuer") for cash at a price of Rs53 per equity share (including a share premium of Rs51 per equity share) ("Offer Price") aggregating to Rs425.87 Crores comprising a fresh issue of 60,376,950 equity shares of face value of Rs2 each aggregating to Rs320.00 Crores by the company ("Fresh Issue") and an offer for sale of 19,975,000 equity shares of face value of Rs2 each aggregating to Rs105.87 Crores ("Offered Shares") comprising 9,987,500 equity shares of face value of Rs2 each aggregating to Rs52.93 Crores by Sandeep Aggarwal and 9,987,500 equity shares of face value of Rs2 each aggregating to Rs52.93 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: Rs53 per equity share of face value of Rs2 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 Rs2 each and in multiples of 281 equity shares of face value of Rs2 each thereafter.

Issue Money Payable On
Opens On Closes On Application Allotment
05-Aug-26 07-Aug-26 Rs53.00-0.00 Rs0.00-0.00
Minimum Application for shares in Nos :281  Further Multiples of :281

  Rs 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 Rs53.00  
Projects
Funding incremental working capital requirement of the CompanyGeneral corporate purposes
Repayment and/or pre-payment, in full or in part, of certain borrowings availed by its Company
Promoted By
Sandeep Aggarwal
Nikunj Aggarwal
Esha Gupta
Listing At
BSE 
NSE 
Registrar to the Issue
KFin Techologies Ltd