Ardee Industries fixes IPO price band at ₹50-53; issue opens August 5

July 30, 2026 Bilkul Bazaar

Ardee Industries Eyes Growth with ₹320-Crore IPO

Bilkul Bazaar

Ardee Industries Limited on Thursday announced that its Initial Public Offering (IPO) will open for subscription on August 5, with a price band of ₹50-53 per equity share. The anchor investor bidding will take place on August 4, while the issue will close on August 7. The public issue comprises a fresh issue of up to ₹320 crore along with an Offer for Sale (OFS) of up to 1.99 crore equity shares by promoters.

The announcement was made during a media interaction in Ahmedabad attended by Sandeep Aggarwal, Chairman & Managing Director, Nikunj Aggarwal, Whole-Time Director, Arun Kumar Mallik, Chief Financial Officer, and Nikhil Jajoo, Senior Vice President, Pantomath Capital Advisors Pvt. Ltd., the Book Running Lead Manager to the issue.

Speaking on the occasion, Sandeep Aggarwal, Chairman & Managing Director, said the IPO marks an important milestone in the company’s growth journey. “The fresh capital will strengthen our balance sheet and support our long-term expansion plans while enhancing our manufacturing capabilities and market presence,” he said.

Nikunj Aggarwal, Whole-Time Director, said the company has built a strong foundation with a focus on operational excellence and customer relationships. “We remain committed to creating long-term value for all stakeholders through sustainable growth and disciplined execution,” he noted.

Highlighting the company’s financial position and utilisation of proceeds, Arun Kumar Mallik, Chief Financial Officer, said the funds raised through the fresh issue would provide greater financial flexibility and support future growth initiatives. “The company is focused on maintaining prudent financial management while pursuing expansion opportunities,” he said.

Representing the lead manager, Nikhil Jajoo, Senior Vice President, Pantomath Capital Advisors, said Ardee Industries is entering the capital markets at a significant stage of its growth. “The company has demonstrated a clear business strategy and the IPO is expected to widen its investor base while supporting its next phase of development,” he added.

The IPO comprises a fresh issue of equity shares aggregating up to ₹320 crore and an Offer for Sale of up to 1,99,75,000 equity shares by promoter selling shareholders Sandeep Aggarwal and Nikunj Aggarwal. Investors can bid for a minimum of 281 equity shares and thereafter in multiples of 281 shares.

The issue is being made through the book-building process. Up to 50% of the issue is reserved for Qualified Institutional Buyers (QIBs), 15% for Non-Institutional Investors (NIIs), and 35% for Retail Individual Investors. The equity shares are proposed to be listed on both the BSE and the NSE.

Pantomath Capital Advisors Pvt. Ltd. is the Book Running Lead Manager to the issue, while KFin Technologies Ltd. is the registrar.

Ardee Industries is engaged in the manufacturing of a diverse range of industrial products catering to multiple end-use sectors, with a focus on quality, operational efficiency and long-term customer relationships. Over the years, the company has expanded its manufacturing capabilities and strengthened its presence across domestic and international markets. The proceeds from the ₹320-crore fresh issue will primarily be utilised to fund the company’s growth and expansion plans, strengthen its capital base, meet working capital requirements, support strategic corporate initiatives and general corporate purposes. The company believes the capital infusion will enhance its production capabilities, improve financial flexibility and position it to capitalise on emerging opportunities in its target markets.

IPO Snapshot

Company: Ardee Industries Limited
IPO Opens: August 5, 2026
IPO Closes: August 7, 2026
Anchor Book: August 4, 2026
Price Band: ₹50-53 per equity share
Face Value: ₹2 per share
Fresh Issue: Up to ₹320 crore
Offer for Sale: Up to 1,99,75,000 equity shares
Lot Size: 281 shares
Lead Manager: Pantomath Capital Advisors Pvt. Ltd.
Registrar: KFin Technologies Ltd.
Listing: BSE & NSE

Disclaimer: This article is for information purpose only and is not investment advice. Please read the IPO documents carefully before investing.

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