Ardee Industries secured ₹127.75 crore from anchor investors ahead of its initial public offering (IPO) scheduled for August 5, 2026. The company aims to raise up to ₹426 crore through a combination of a fresh issue and an offer for sale (OFS). The IPO price band is set between ₹50 and ₹53 per share, according to livemint.com.
The funds raised from anchor investors will support Ardee Industries' working capital requirements, debt repayment, and other corporate purposes. The company operates in the secondary metals and circular economy sectors. The IPO includes both a fresh issue of shares and an OFS component, with the anchor investor subscription completed prior to the public launch, as reported by livemint.com.
This capital raise positions Ardee Industries to strengthen its financial base amid growing interest in sustainable and circular economy businesses. The ₹426 crore target places the IPO among notable mid-sized offerings in the metals sector this year. The price band reflects investor appetite and market conditions for companies focused on secondary metal processing and recycling, sectors gaining attention for their environmental impact.
The IPO opens for public subscription on August 5, 2026, with the anchor investor allocation already secured. The company will disclose subscription details and allotment status following the close of the public offering, as per the filing information available on livemint.com.