Ardee Industries has set the price band for its initial public offering (IPO) between ₹50 and ₹53 per equity share, each with a face value of ₹2. The IPO subscription will open on August 5 and close on August 7, with anchor investors' allocation scheduled for August 4. The lot size has been fixed at 281 shares for various investor categories, according to livemint.com.
The IPO process will begin with the allocation to anchor investors on August 4, followed by the public subscription window from August 5 to August 7. Investors will be able to apply for shares in lots of 281, which is the minimum number of shares per application. This structured timeline allows both institutional and retail investors to participate in the offering, as detailed by livemint.com.
This IPO comes amid a busy period in the Indian capital markets, where companies are increasingly tapping public investors to raise capital. The price band set by Ardee Industries positions it competitively within the mid-cap segment. The lot size and subscription dates align with regulatory norms, reflecting the company’s approach to balancing investor access and capital raising goals, as reported by livemint.com.
The subscription window for Ardee Industries’ IPO will close on August 7, after which the company will proceed with share allotment and listing processes. The anchor investors’ allocation on August 4 will provide an early indication of institutional interest in the offering, according to livemint.com.