Ardee Industries Ltd IPO |
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
|
| 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. |
| Issue |
Money Payable On |
| Opens On |
Closes On |
Application |
Allotment |
| 05-Aug-26 |
07-Aug-26 |
(Rs)53.00-0.00 |
(Rs)0.00-0.00 |
| Minimum Application for shares in Nos :281 Further Multiples of :281 |
| |
(Rs Cr) |
Lead Managers to the Issue |
| Project Cost |
286.27 |
| Pantomath Capital Advisors Private Limited |
|
| Project Financed through Current Offer |
425.87 |
|
| Post Issue Equity Share Capital |
67.04 |
|
| Issue Price |
(Rs)53.00 |
|
|