Registered Office:
Khasra No.340 1st & 3rd Floor,Village Sultanpur Gadaipur,
New Delhi
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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 80,351,950 equity shares of face value of Rs. 2 each ("Equity Shares") of Ardee Industries Limited ("Company" or "Issuer") for cash at a price of Rs. 53 per equity share (including a share premium of Rs. 51 per equity share) ("Offer Price") aggregating to Rs. 425.87 Crores comprising a fresh issue of 60,376,950 equity shares of face value of Rs. 2 each aggregating to Rs. 320.00 Crores by the company ("Fresh Issue") and an offer for sale of 19,975,000 equity shares of face value of Rs. 2 each aggregating to Rs. 105.87 Crores ("Offered Shares") comprising 9,987,500 equity shares of face value of Rs. 2 each aggregating to Rs. 52.93 Crores by Sandeep Aggarwal and 9,987,500 equity shares of face value of Rs. 2 each aggregating to Rs. 52.93 Crores by Nikunj Aggarwal (collectively, the "Promoter Selling Shareholders") and such offer for sale, together with the fresh issue, the "Offer". The offer constituted 25.49% of the post-offer paid up equity share capital of the company.
Price Band: Rs. 53 per equity share of face value of Rs. 2 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 Rs. 2 each and in multiples of 281 equity shares of face value of Rs. 2 each thereafter.
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Issue
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Money Payable On
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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
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(Rs) 0.00
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Minimum Application for shares in Nos :
281
Further Multiples of :
281
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Lead Managers to the Issue
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Project Cost (Rs.Cr)
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286.27
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Pantomath Capital Advisors Private Limited
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Project Financed through Current Offer (Rs.Cr)
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425.87
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Post Issue Equity Share Capital (Rs.Cr)
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67.04
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Issue Price (Rs)
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53.00
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