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Ardee Industries Ltd
Registered Office:
Khasra No.340 1st & 3rd Floor,Village Sultanpur Gadaipur,
New Delhi - 110030,
New Delhi, India.
Phone : +91 11 4760 0214
Fax : NA
Email :
cs@ardeeindustries.com
Website :
www.ardeeindustries.com
Initial public offer of up to 80,352,358 equity shares of face value of (
R
s
) 2/- each ("Equity Shares") of Ardee Industries Limited ("Company" or "Issuer") for cash at a price of (
R
s
) 53 per equity share (including a share premium of (
R
s
) 51 per equity share) ("Offer Price") aggregating up to (
R
s
) 425.87 Crores comprising a fresh issue of up to 60,377,358 equity shares of face value of (
R
s
) 2/- each aggregating up to (
R
s
) 320.00 Crores by the company ("Fresh Issue") and an offer for sale of up to 19,975,000 equity shares of face value of (
R
s
) 2/- each aggregating up to (
R
s
) 105.87 Crores ("Offered Shares") comprising up to 9,987,500 equity shares of face value of (
R
s
) 2/- each aggregating up to (
R
s
) 52.93 Crores by Sandeep Aggarwal and up to 9,987,500 equity shares of face value of (
R
s
) 2/- each aggregating up to (
R
s
) 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 shall constitute [*]% of the post-offer paid up equity share capital of the company. Price Band: (
R
s
) 53 per equity share of face value of (
R
s
) 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 (
R
s
) 2 each and in multiples of 281 equity shares of face value of (
R
s
) 2 each thereafter.
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
(
R
s
.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
Projects
Funding incremental working capital requirement of the Company
Repayment and/or pre-payment, in full or in part, of certain borrowings availed by its Company
General corporate purposes
Promoted By
Sandeep Aggarwal
Nikunj Aggarwal
Esha Gupta
Listing At
BSE
NSE
Registrar to the Issue
KFin Techologies Ltd