Ardee Industries gains on market debut
Mumbai, Aug. 12 -- The stock debuted at Rs 73.60, marking a premium of 38.87% to the issue price.
So far, the stock has hit a high of Rs 660 and a low of Rs 634.55. On the BSE, over 26.91 lakh shares of the company were traded in the counter so far.
The initial public offer of Ardee Industries was subscribed 133.66 times. The issue opened for bidding on 05 August 2026 and it closed on 07 August 2026. The price band of the IPO is fixed between Rs 50 and 53 per share.
The IPO comprised a fresh issue of equity shares worth up to Rs 320 crore and an offer for sale of 1,99,75,000 equity shares aggregating up to Rs 105.87 crore by existing shareholders, namely Sandeep Aggarwal and Nikunj Aggarwal.
The objectives of the fresh issue included ...
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