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(30/07/2026 20:20)

Ardee Industries announces launch of initial public offering

Ardee Industries Ltd. has announced public offering of 80352358 shares at a price of Rs 2.00 each for Cash at a Premium of Rs 51.00 per share. The gross proceeds of the issue are expected to be Rs 42,586.75 lakhs.

The company's initial public offer (IPO) will open on 05 August 2026 and is expected to close on 07 August 2026, subject to customary closing conditions. The price band of the issue has been fixed at Rs 50.00-53.00 per share.

The IPO includes a fresh Issue of 80352358 Equity Shares of the Company at an price of Rs 53.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 281 shares with bids in multiples of 281.

Ardee Industries Ltd. anticipates using the proceeds of the issue for .

Pantomath Capital Advisors Pvt. Ltd. as lead manager & KFin Technologies Ltd. is the registrar, to the issue.
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