# Ardee Industries lists with 39% pop, IPO subscribed 134 times

2026-08-10T06:48:06+00:00 | Business & Economy | Indian Opinion Desk

Corroboration: 1 independent outlet

Ardee Industries listed on NSE and BSE on Wednesday at a 36-39 per cent premium over the IPO price of Rs 53. The stock opened at Rs 73.60 on BSE and Rs 72 on NSE, then traded around Rs 69, a 30 per cent gain. The Rs 426-crore IPO was subscribed 133.66 times, with bids for Rs 41,300 crore from 41.2 lakh applicants. Non-institutional investors bid 255 times their quota, qualified institutional buyers 198 times, and retail investors 45 times. Retail odds of allotment were 2.7 per cent, with one in 37 applicants getting shares. The company, based in New Delhi, recycles end-of-life batteries and non-ferrous scrap into high-purity lead and specialised lead alloys.

## Coverage

- businesstoday.in <https://www.businesstoday.in/markets/ipo-corner/story/ardee-industries-ipo-gmp-jumps-check-allotment-status-on-nse-bse-odds-of-getting-shares-548238-2026-08-10?utm_source=rssfeed>
- thehindubusinessline.com <https://www.thehindubusinessline.com/markets/ardee-industries-shares-list-at-nearly-40-premium/article71335083.ece>

Tags: allotment odds, Ardee Industries, grey market premium, IPO subscription, listing date
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