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
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| 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. |
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| Issue |
Money Payable On |
| Opens On |
Closes On |
Application |
Allotment |
| 05-Aug-26 |
07-Aug-26 |
53.00-0.00 |
0.00-0.00 |
|
|
Minimum Application for shares in Nos :
281
Further Multiples of :
281
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|
| |
(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 |
53.00 |
|
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