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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: 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.
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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 53.00-0.00
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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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286.27
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| Pantomath Capital Advisors Private Limited |
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Project Financed through Current Offer
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425.87
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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 53.00
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