Ardee Industries Ltd launched its initial public offering (IPO) on August 5, 2026, with the issue set to close on August 7. The company priced its shares in a band of ₹50 to ₹53 each. Within the first two days of bidding, the IPO was subscribed more than 14 times, reflecting strong investor interest in the offering, according to livemint.com.
The IPO is a book-building issue and will be listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). Investors have until the final day, August 7, to apply for shares. The grey market premium (GMP) for Ardee Industries shares was reported at ₹15 on the third day of the IPO, indicating positive aftermarket sentiment, as noted by livemint.com.
This level of subscription places Ardee Industries among the more actively subscribed IPOs in the Indian market this year. The strong demand suggests confidence in the company’s business prospects and valuation. The subscription rate also compares favorably to other recent IPOs in the manufacturing sector, highlighting investor appetite for such offerings, according to livemint.com.
The final subscription figures and allotment details will be announced after the close of the IPO on August 7. The company’s shares are expected to list shortly thereafter on the BSE and NSE, where market participants will track initial trading performance closely, per livemint.com.