New Delhi, Aug. 5 -- The Ardee Industries IPO subscription will open on Wednesday, August 5, and close on Friday, August 7. The Ardee Industries IPO price band has been fixed at Rs.50 to Rs.53 per equity share with a face value of Rs.2.

Ahead of the public issue, Ardee Industries raised Rs.128 crore from anchor investors on Tuesday by allotting 2.41 crore equity shares at Rs.53 per share, the upper end of the IPO price band, according to a BSE circular.

The anchor book attracted participation from Bank of India Mutual Fund, Bengal Finance & Investment Pvt. Ltd. (led by Ashish Kacholia), Winro Commercial (India) Ltd. (led by Rohit Kothari), The Wealth Company Alternates Trust, India Max Investment Fund Ltd., Cognizant Capital Dynamic Opp...