# Ardee Industries IPO 98 Times Subscribed on Final Day 2026-08-07T05:26:39+00:00 | Business & Economy | Indian Opinion Desk Corroboration: 1 independent outlet Ardee Industries’ Rs 426-crore initial public offering was subscribed 98.07 times by 3.09 pm on August 7, according to The Hindu BusinessLine. The qualified institutional buyer portion was booked 98.32 times, the non-institutional investor category 233.29 times and the retail portion 39.98 times. The issue, priced at Rs 50 to Rs 53 per share, includes a Rs 320-crore fresh issue and an offer for sale of up to 1.99 crore shares by promoters Sandeep Aggarwal and Nikunj Aggarwal. The company plans to use Rs 220 crore of the fresh proceeds for working capital, Rs 22 crore for debt repayment and the balance for general corporate purposes. It had raised Rs 127.75 crore from anchor investors. Grey market signals were positive, but figures differed by source, with Mint reporting a Rs 15 premium and NDTV Profit citing a 26% implied listing gain. Listing is scheduled for August 12. ## Coverage - ndtvprofit.com - livemint.com - thehindubusinessline.com Tags: Ardee Industries, grey market premium, IPO, public issue, stock market Canonical: https://indianopinion.org/ardee-industries-ipo-sees-strong-demand-as-subscription-enters-final-day/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/ardee-industries-ipo-sees-strong-demand-as-subscription-enters-final-day/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes.