Ardee Industries IPO Subscription Day 2: Retail Demand Stays Strong As Issue Gets Booked 5.12 Times

Mumbai, August 06:Ardee Industries IPO continued to attract strong investor interest on the second day of bidding, with the ₹425.87 crore public issue being subscribed 5.12 times by 10:29 AM on August 6, according to exchange data. Healthy participation from retail and non-institutional investors helped the book build momentum, while qualified institutional buyer (QIB) demand also improved from the opening day.

The IPO, which opened for subscription on August 5, 2026, will remain open until August 7, 2026. It comprises a fresh issue worth ₹320.00 crore and an offer for sale (OFS) worth ₹105.87 crore, with shares being offered in the price band of ₹50 to ₹53 apiece.

Retail Investors Continue To Lead Demand

Retail participation remained the biggest support for the issue, with the category subscribed 5.33 times by the second day. The NII segment also witnessed strong buying interest, reaching 9.93 times, reflecting continued participation from high-net-worth investors.

Meanwhile, QIB (excluding anchor investors) subscriptions improved to 1.14 times, indicating that institutional interest has also started picking up as the issue progresses.

Ardee Industries IPO Subscription Status Day 2

Overall, the IPO had received applications for more than 28.78 crore shares against approximately 5.62 crore shares on offer (excluding anchor and market maker portions), reflecting broad-based demand across investor categories.

Issue Details

Ardee Industries is raising ₹425.87 crore through a combination of:

• Fresh Issue:6.04 crore shares aggregating ₹320.00 crore
• Offer for Sale:2.00 crore shares aggregating ₹105.87 crore

The IPO has been priced in the band of ₹50 to ₹53 per share, with a minimum application size of 281 shares. At the upper price band, retail investors need to invest ₹14,893 for one lot.

Important Dates

• IPO Opens: August 5, 2026
• IPO Closes: August 7, 2026
• Expected Allotment: August 10, 2026
• Refunds: August 11, 2026
• Shares Credited: August 11, 2026
• Expected Listing: August 12, 2026

About Ardee Industries

Ardee Industries manufactures and recycles lead and specialised non-ferrous metal products used across sectors such as energy storage, automotive, chemicals and e-mobility. The company operates an integrated manufacturing facility in Andhra Pradesh and serves customers across domestic as well as international markets.

Conclusion

With one more day of bidding remaining, Ardee Industries IPO has already crossed the five-times subscription mark, supported by strong retail participation and robust demand from non-institutional investors. Market participants will now watch whether institutional buying gathers further pace on the final day before the issue closes on August 7, 2026.

Source:

• https://www.chittorgarh.net/reports/anchor-investor/ardee-ipo-anchor-list.pdf