Ardee Industries IPO, Aug. 11 -- After witnessing healthy overall subscription and with share allotment done, Ardee Industries shares appear set to debut on the Indian bourses on Wednesday, 12 August.

The initial public offering (IPO) of energy storage products and non-ferrous scrap recycler, Ardee Industries, concluded with a healthy subscription of 139 times.

Ardee Industries shares are attracting investors' attention in grey markets. The latest grey market premium (GMP) suggests the stock could list at a decent double-digit premium.

According to grey market sources, Ardee Industries' IPO GMP on Tuesday morning was Rs.13.5. This suggests the stock could list at Rs.66.5 on the BSE and the NSE, a premium of 25.5% to the issue price.

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