IPO
IPO Synopsis Ardee Industries Ltd
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 up to 80,352,358 equity shares of face value of Rs. 2/- each ("Equity Shares") of Ardee Industries Limited ("Company" or "Issuer") for cash at a price of Rs. 53 per equity share (including a share premium of Rs. 51 per equity share) ("Offer Price") aggregating up to Rs. 425.87 Crores comprising a fresh issue of up to 60,377,358 equity shares of face value of Rs. 2/- each aggregating up to Rs. 320.00 Crores by the company ("Fresh Issue") and an offer for sale of up to 19,975,000 equity shares of face value of Rs. 2/- each aggregating up to Rs. 105.87 Crores ("Offered Shares") comprising up to 9,987,500 equity shares of face value of Rs. 2/- each aggregating up to Rs. 52.93 Crores by Sandeep Aggarwal and up to 9,987,500 equity shares of face value of Rs. 2/- each aggregating up to Rs. 52.93 Crores by Nikunj Aggarwal (collectively, the "Promoter Selling Shareholders") and such offer for sale, together with the fresh issue, the "Offer". The offer shall constitute [*]% of the post-offer paid up equity share capital of the company. Price Band: Rs. 50 to Rs. 53 per equity share of face value of Rs. 2 each. The floor price is 25.00 times of the face value of the equity shares and the cap 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 Rs. 2 each and in multiples of 281 equity shares of face value of Rs. 2 each thereafter. 
Issue Money Payable On
Opens On Closes On Application Allotment
 05-Aug-26  07-Aug-26  50.00-53.00  0.00-0.00
Minimum Application for shares in Nos :  281   Further Multiples of :  281
  Rs Cr Lead Managers to the Issue
Project Cost  0.00 Pantomath Capital Advisors Private Limited
Project Financed through Current Offer  419.88  
Post Issue Equity Share Capital  67.04  
Issue Price  50.00  
Projects
 Funding incremental working capital requirement of the Company  Repayment and/or pre-payment, in full or in part, of certain borrowings availed by its Company
 General corporate purposes
Promoted By
 Sandeep Aggarwal
 Nikunj Aggarwal
 Esha Gupta
Listing At
 BSE
 NSE
Registrar to the Issue
 KFin Techologies Ltd
 
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