Explore how the Ardee Industries Ltd. IPO performed on its opening day, including subscription details, price band, lot size, important dates, and the step-by-step process to apply through ASBA or UPI.
The Ardee Industries Ltd. IPO opened for subscription on August 5, 2026, marking the company's entry into the primary market through a mainboard book-built issue. The IPO comprises a combination of a fresh issue and an Offer for Sale (OFS). The proceeds from the fresh issue are proposed to be utilised primarily for working capital requirements, repayment of borrowings, and general corporate purposes.
The issue is valued at ₹425.87 Crores and offers equity shares in the price band of ₹50 to ₹53 per share.
The Ardee Industries Ltd. IPO received a steady response from investors on the first day of bidding. Retail and non-institutional investors accounted for most of the demand, while Qualified Institutional Buyers recorded limited participation during the opening session.
On the first day of bidding, the Ardee Industries Ltd. IPO recorded an overall subscription of 0.68×. The retail category led investor participation, followed closely by non-institutional investors.
| Investor Category | Subscription (Times) |
|---|---|
Qualified Institutional Buyers (QIB) |
0.09× |
Retail Individual Investors (RII) |
0.93× |
Non-Institutional Investors (NII) |
0.86× |
Total |
0.68× |
The retail investor category recorded the highest participation on the opening day with a subscription of 0.93×, while the Non-Institutional Investor segment subscribed 0.86×. Qualified Institutional Buyers subscribed 0.09× of their reserved portion, taking the overall subscription to 0.68×.
The Ardee Industries Ltd. IPO witnessed stronger investor participation on the second day of bidding. The overall subscription crossed the fully subscribed mark, led by increased demand from retail and non-institutional investors, while Qualified Institutional Buyer participation also improved.
| Investor Category | Subscription (Times) |
|---|---|
Qualified Institutional Buyers (QIB) |
0.35× |
Retail Individual Investors (RII) |
1.29× |
Non-Institutional Investors (NII) |
1.42× |
Total |
1.06× |
The Non-Institutional Investor category led the second day's bidding with a subscription of 1.42×, followed by the Retail Individual Investor segment at 1.29×. Qualified Institutional Buyers subscribed 0.35× of their reserved portion. Overall, the Ardee Industries Ltd. IPO achieved a subscription of 1.06× by the close of Day 2, reflecting growing investor interest ahead of the final day of bidding.
The Ardee Industries Ltd. IPO saw a sharp increase in investor participation on the third and final day of bidding. The overall subscription reached 39.11× till 3 PM with the Non-Institutional Investor category recording the highest demand. Retail and Qualified Institutional Buyer participation also increased during the final day.
| Investor Category | Subscription (Times) |
|---|---|
Qualified Institutional Buyers (QIB) |
6.14× |
Retail Individual Investors (RII) |
27.20× |
Non-Institutional Investors (NII) |
109.93× |
Total |
39.11× |
By 3 PM, the Non-Institutional Investors led the final-day subscription at 109.93×, followed by Retail Individual Investors at 27.20×. Qualified Institutional Buyers subscribed 6.14× their reserved portion. Based on the subscription figures reported as of August 7, 2026, the Ardee Industries Ltd. IPO reached an overall subscription of 39.11× on Day 3.
The price band for the Ardee Industries Ltd. IPO has been fixed at ₹50 to ₹53 per share, with a face value of ₹2 per share. Investors can apply for a minimum of 1 lot comprising 281 shares and in multiples thereof.
At the upper price band, the minimum investment amounts are as follows:
| Investor Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
Retail (Min/Max) |
1 |
281 |
₹14,893 |
For detailed insights about the company, issue particulars, and the latest updates, visit the Ardee Industries Ltd. IPO on Bajaj Markets.
The following table outlines the important dates related to the IPO:
| Event | Date | Details |
|---|---|---|
IPO Open Date |
August 5, 2026 |
Issue opens for subscription |
IPO Close Date |
August 7, 2026 |
Final day to submit bids |
Basis of Allotment |
August 10, 2026 |
Finalisation of share allotment |
Refunds Initiation |
August 11, 2026 |
Refunds begin for unallotted applicants |
Credit of Shares to Demat |
August 11, 2026 |
Shares credited to successful applicants |
Listing Date |
August 12, 2026 |
Shares proposed to list on the NSE and BSE |
Note: These dates represent procedural milestones based on publicly available data and are intended for informational purposes only.
Investors can apply for the Ardee Industries Ltd. IPO through the ASBA facility offered by banks or via UPI-enabled broker platforms.
This is a convenient and secure method where your application amount stays blocked until shares are allotted.
Log in to your internet banking account.
Go to the ‘Investments’ or ‘IPO Application’ section.
Select ‘Ardee Industries Ltd. IPO’ from the available list.
Enter your preferred bid quantity and price.
Confirm and submit your application.
The bid amount will remain blocked in your account until allotment.
Upon allotment, the amount will be debited, and shares credited to your Demat account.
You can apply using UPI through your stockbroker’s or financial marketplace’s online platform.
Log in to your trading account or Demat account on your broker’s platform or financial marketplace.
Navigate to the IPO section and select ‘Ardee Industries Ltd. IPO’.
Enter your application details including number of lots and price.
Provide your UPI ID linked to your bank account.
Approve the UPI mandate request on your UPI app (like BHIM, Google Pay, or PhonePe).
Funds will be debited only upon share allotment.
Once allotted, shares will be credited directly to your Demat account.
The information provided above is based on publicly available data from reliable financial news and market sources. Investors are advised to verify figures and consult financial experts before making investment decisions. Market conditions and subscription numbers are subject to change during the
IPO window.Sources
LiveMint — IPO News and Updates, https://www.livemint.com/market/ipo
Economic Times — IPO News: Latest IPO News, Upcoming IPO, https://economictimes.indiatimes.com/markets/ipo
Financial Express — IPO News, https://www.financialexpress.com/market/ipo-news/
NDTV Profit — IPOs, https://www.ndtvprofit.com/ipos
Business Today — IPO Corner: Latest IPO News & Analysis, https://www.businesstoday.in/markets/ipo-corner