Ardee Industries
Demand
Red-hot
subscribed 138.83x overall
Listed
+38.9%
day-1 close +26.7% vs issue
Final Subscription
Subscribed 138.83xoverall · last updated 2026-08-21 00:45 UTC
| Category | Shares reserved | 19-08 | 20-08 | 21-08 | |||
|---|---|---|---|---|---|---|---|
| Shares bid | Times | Shares bid | Times | Shares bid | Times | ||
| ∟QIB (Ex Anchor) | 1,60,70,390 | 3,25,04,36,028 | 202.26× | 3,25,04,36,028 | 202.26× | 3,25,04,36,028 | 202.26× |
| NII | 1,20,52,793 | 3,21,50,58,971 | 266.75× | 3,21,50,58,971 | 266.75× | 3,21,50,58,971 | 266.75× |
| ∟bNII (> ₹10L) | 80,35,195 | 2,32,91,23,014 | 289.87× | 2,32,91,23,014 | 289.87× | 2,32,91,23,014 | 289.87× |
| ∟sNII (< ₹10L) | 40,17,598 | 88,59,35,957 | 220.51× | 88,59,35,957 | 220.51× | 88,59,35,957 | 220.51× |
| Retail | 2,81,23,183 | 1,34,33,24,434 | 47.77× | 1,34,33,24,434 | 47.77× | 1,34,33,24,434 | 47.77× |
| Total | 5,62,46,366 | 7,80,88,19,433 | 138.83× | 7,80,88,19,433 | 138.83× | 7,80,88,19,433 | 138.83× |
Allotment odds (1 lot lottery once oversubscribed) — Retail: ≈ 1 in 48 applicants · Small NII: ≈ 1 in 221 applicants · Big NII: ≈ 1 in 290 applicants
Allotment Probability
Retail · subscribed 47.77x
2%
Small HNI (sNII) · subscribed 220.51x
0%
Big HNI (bNII) · subscribed 289.87x
0%
Chance of winning at least one lot per application, from the shares reserved for the category vs current demand. QIB allots pro-rata, not by lottery. Demand can spike on the final day.
📋Issue Details
| Offer Type | Bookbuilding IPO |
| Sale Type | Fresh capital cum OFS |
| Listing At | BSE, NSE |
| Face Value | ₹ 2 per share |
| Price Band | ₹50 to ₹53 |
| Lot Size | 281 shares |
| Total Issue Size | 8,03,51,950 shares (agg. up to ₹ 426 Cr) |
| Fresh Issue | 6,03,76,950 shares (agg. up to ₹ 320 Cr) |
| Offer for Sale | 1,99,75,000 shares of ₹ 2 (agg. up to ₹ 106 Cr) |
| Scrip / Symbol | 544860 / ARDEE |
| ISIN | INE0XNF01022 |
🗓️IPO Schedule
Open
Wed, Aug 5, 2026
Close
Fri, Aug 7, 2026
Allotment
Mon, Aug 10, 2026
Refunds
Tue, Aug 11, 2026
Demat credit
Tue, Aug 11, 2026
Listing
Wed, Aug 12, 2026
🏛️Pre & Post Issue Capital
| Category | Pre IPO | Post IPO |
|---|---|---|
| Promoter and Promoter Group | 91.48% | 67.62% |
| Public | 8.52% | 32.38% |
| Total | 100% | 100% |
💰Valuation & Market Cap
| EPS(₹) (pre → post) | 3.32 → 2.69 |
| P/E (x) (pre → post) | 15.96 → 19.7 |
| Market Cap at Offer Price | ₹2,115.63 Cr |
📊Company Financials ₹ crore
| Metric | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 363.33 | 262.06 | 196.12 |
| Total Income | 1,168.88 | 743.53 | 463.39 |
| Profit After Tax | 84.68 | 33.27 | 8.95 |
| EBITDA | 147.08 | 65.93 | 28.06 |
| NET Worth | 147.38 | 62.60 | 29.25 |
| Reserves and Surplus | 96.42 | 59.42 | 26.06 |
| Total Borrowing | 182.75 | 165.77 | 142.36 |
🎯Key Performance Indicators
| ROE | 81% |
| ROCE | 44.26% |
| Debt/Equity | 1.25 |
| RoNW | 57.46% |
| PAT Margin | 7.25% |
| EBITDA Margin | 12.60% |
| NAV | 5.78 |
| Price to Book Value |
🤝Recently Listed PeersDiversified Metals
| Company | Issue price | P/E | Listing-day close |
|---|---|---|---|
| Jain Resource Recycling Ltd. | ₹232 | 33.62 | ₹318.06 |
Lot Size — what an application costs
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 281 | ₹14,893 |
| Retail (Max) | 13 | 3,653 | ₹1,93,609 |
| S-HNI (Min) | 14 | 3,934 | ₹2,08,502 |
| S-HNI (Max) | 67 | 18,827 | ₹9,97,831 |
| B-HNI (Min) | 68 | 19,108 | ₹10,12,724 |
Issue Reservation
| Category | Shares | % of issue | Max allottees |
|---|---|---|---|
| QIB | 4,01,75,974 | 50.00% | NA |
| − Anchor Investor | 2,41,05,584 | 30.00% | NA |
| − QIB (Ex. Anchor) | 1,60,70,390 | 20.00% | NA |
| NII (HNI) | 1,20,52,793 | 15.00% | NA |
| − bNII > ₹10L | 80,35,195 | 10.00% | 2,042 |
| − sNII < ₹10L | 40,17,598 | 5.00% | 1,021 |
| Retail | 2,81,23,183 | 35.00% | 1,00,082 |
| Total | 8,03,51,950 | 100.00% | – |
🔔Listing Day
Issue price
₹53
Listing open
₹74
Open vs issue
+38.9%
Day-1 close
+26.7%
vs issue price
🏢About Ardee Industries
Ardee Industries IPO is a book build issue of ₹425.87 crores. The issue is a combination of fresh issue of 6.04 crore shares aggregating to ₹320.00 crores and offer for sale of 2.00 crore shares aggregating to ₹105.87 crores.
Ardee Industries IPO bidding started from Aug 5, 2026 and ended on Aug 7, 2026. The allotment for Ardee Industries IPO was finalized on Aug 10, 2026. The shares got listed on NSE and BSE on Aug 12, 2026.
Ardee Industries IPO is set final issue price at ₹53 per share. The lot size for an application is 281 shares. The minimum amount of investment required by an individual investor (retail) is ₹14,893 (281 shares) (based on upper price).
Pantomath Capital Advisors Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
🎯Objects of the Issue
| Object | ₹ Cr |
|---|---|
| Funding incremental working capital requirement of Company | 220.00 |
| Repayment and/or pre-payment, in full or in part, of certain borrowings availed by Company | 20.00 |
| General Corporate Purposes | 46.27 |
| Issue Expenses | 44.87 |
👥Selling Shareholders
| Name | Category | Shares offered |
|---|---|---|
| Sandeep Aggarwal | Promoter | 99,87,500 |
| Nikunj Aggarwal | Promoter | 99,87,500 |
| Total | 1,99,75,000 |
💼Lead Managers
- • Pantomath Capital Advisors Pvt.Ltd.
🗳️Registrar
- • Kfin Technologies Ltd.
- allotment status is checked on the registrar's portal
🏢Registered Office
📍 Khasra No. 340, 1st Floor and 3rd Floor,, Village Sultanpur,, Mehrauli, Gadaipur,, Delhi, New Delhi, 110030
📞 +91 11 4760 021
✉️ cs@ardeeindustries.com
Grey-market numbers are unofficial street quotes, aggregated across sources. Not investment advice.