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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
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Initial public offer of up to 80,352,358 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 up to Rs425.87 Crores comprising a fresh issue of up to 60,377,358 equity shares of face value of Rs2/- each aggregating up to Rs320.00 Crores by the company ("Fresh Issue") and an offer for sale of up to 19,975,000 equity shares of face value of Rs2/- each aggregating up to Rs105.87 Crores ("Offered Shares") comprising up to 9,987,500 equity shares of face value of Rs2/- each aggregating up to Rs52.93 Crores by Sandeep Aggarwal and up to 9,987,500 equity shares of face value of Rs2/- each aggregating up 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 shall constitute [*]% of the post-offer paid up equity share capital of the company.
Price Band: Rs50 to Rs53 per equity share of face value of Rs2 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 Rs2 each and in multiples of 281 equity shares of face value of Rs2 each thereafter.
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Opens On
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Closes On
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Application
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Allotment
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05-Aug-26
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07-Aug-26
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Rs 50.00-53.00
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Rs 0.00-0.00
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Minimum Application for shares in Nos :281 Further
Multiples of :281
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(Rs Cr)
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Lead Managers to the Issue
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Project Cost
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0.00
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| Pantomath Capital Advisors Private Limited |
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Project Financed through Current Offer
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419.88
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Post Issue Equity Share Capital
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67.04
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Issue Price
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Rs 50.00
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