Pune: Ardee Industries IPO will open for subscription on Wednesday, August 5, 2026, with the company fixing the price band at ₹50 to ₹53 per equity share of face value ₹2 each.
The public issue will close on Friday, August 7, 2026, while the Anchor Investor Bidding Date has been scheduled for **Tuesday, August 4, 2026.
Investors can bid for a minimum of 281 equity shares and in multiples of 281 equity shares thereafter.
The Ardee Industries IPO comprises a fresh issue of equity shares aggregating up to ₹320 crore and an Offer for Sale (OFS) of up to 19,975,000 equity shares by promoter selling shareholders.
Under the OFS, Sandeep Aggarwal will sell up to 9,987,500 equity shares, while Nikunj Aggarwal will also offer up to 9,987,500 equity shares.
The company has fixed the price band for the issue at ₹50 per equity share to ₹53 per equity share.
The Ardee Industries IPO is being offered through the Book Building Process in accordance with Rule 19(2)(b) of the Securities Contracts (Regulation) Rules, 1957, read with Regulation 31 and Regulation 6(1) of the SEBI (Issue of Capital and Disclosure Requirements) Regulations (SEBI ICDR Regulations).
As per the offer structure, not more than 50% of the issue will be allocated to Qualified Institutional Buyers (QIBs) on a proportionate basis. The company, in consultation with the Book Running Lead Manager, may allocate up to 60% of the QIB portion to Anchor Investors on a discretionary basis in accordance with the SEBI ICDR Regulations.
Of the Anchor Investor Portion, 40% will be reserved as follows:
- 33.33% for domestic Mutual Funds.
- 6.67% for Life Insurance Companies and Pension Funds.
This allocation will be subject to valid bids being received at or above the Anchor Investor Allocation Price.
In case of under-subscription or non-allocation in the Anchor Investor Portion, the balance equity shares will be added to the Net QIB Portion.
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Additionally, 5% of the Net QIB Portion will be available for allocation only to Mutual Funds, subject to valid bids at or above the offer price, while the remaining Net QIB Portion will be allocated proportionately among all Qualified Institutional Buyers, including Mutual Funds.
The Ardee Industries IPO also provides that not less than 15% of the offer will be allocated to Non-Institutional Bidders (NIBs).
One-third of the Non-Institutional Portion will be available for bidders with applications of more than ₹0.20 million and up to ₹1.00 million, while the remaining two-thirds will be reserved for bidders applying for more than ₹1.00 million, subject to the SEBI ICDR Regulations.
Further, not less than 35% of the offer has been reserved for Retail Individual Bidders, subject to valid bids being received at or above the offer price.
All bidders, except Anchor Investors, will be required to participate in the issue through the Application Supported by Blocked Amount (ASBA) process by providing details of their ASBA accounts.
UPI bidders must submit their UPI ID while applying through the UPI mechanism. The corresponding bid amount will be blocked by the Self Certified Syndicate Banks (SCSBs) or the Sponsor Bank under the UPI mechanism. Anchor Investors are not permitted to participate in the issue through the ASBA process.
The equity shares offered through the Ardee Industries IPO are proposed to be listed on both the BSE Limited and the National Stock Exchange of India Limited (NSE), with the NSE serving as the designated stock exchange for the issue.
Pantomath Capital Advisors Private Limited is acting as the Book Running Lead Manager to the issue, while KFin Technologies Limited is the Registrar to the Offer.
