Now Reading: Ardee Industries IPO sees strong demand as subscription enters final day
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Ardee Industries IPO sees strong demand as subscription enters final day
Ardee Industries IPO sees strong demand as subscription enters final day
Ardee Industries’ Rs 426 crore initial public offering entered its final day after attracting more than 14 times subscription, NDTV Profit reports. The issue, open from 5 to 7 August 2026, has…
The Story in Brief
Ardee Industries’ Rs 426 crore initial public offering entered its final day after attracting more than 14 times subscription, NDTV Profit reports. The issue, open from 5 to 7 August 2026, has a price band of Rs 50 to Rs 53 per share and will list on the BSE and NSE.
LiveMint reports that the issue was subscribed 23.26 times by 10:36 am on day three, with the non-institutional portion at 60.03 times and the qualified institutional buyer portion at 1.33 times. Grey market premium estimates also differ. NDTV Profit cited a 26% potential listing gain, while LiveMint reported a Rs 15 premium. Allotment is expected on 10 August and listing on 12 August.
The Indian Opinion
The loudest narrative is that heavy subscription and a grey market premium make this an easy listing gain. That ignores the risks identified by Marwadi Shares, including 82% revenue from the top five clients, weak cash conversion and high debt. The opposite claim, that grey market signals are meaningless, is also too casual. Investors should check the final subscription mix and the company’s post-listing cash flows before treating early demand as proof of value.
Sources (2): ndtvprofit.com, livemint.com
This story was synthesised by AI from the 2 sources linked above.
