Mumbai, Aug. 7 -- The initial public offer of Ardee Industries received bids for 7,80,88,19,433 shares as against 5,84,22,516 shares on offer, according to stock exchange data at 17:30 IST on Friday (07 August 2026). The issue was subscribed 133.66 times.

The issue opened for bidding on 05 August 2026 and it will close on 07 August 2026. The price band of the IPO is fixed between Rs 50 and 53 per share. An investor can bid for a minimum of 281 equity shares and multiples thereof.

The IPO comprises 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 for the fresh issu...