return to news
  1. Upstox
    /
  2. News
    /
  3. Market News
    /
  4. IPO
    /
  5. Ardee Industries IPO Day 3: Check subscription status, allotment date and steps

Market News

Ardee Industries IPO Day 3: Check subscription status, allotment date and steps

Journalist Kamal Joshi, former Republic TV and latestly news editor, currently associated with Upstox as senior ipo writer.
By Kamal Joshi

2 min read | Updated on August 07, 2026, 08:26 IST

Google
SelectUpstoxas yourPreferred news source
Copy link
Twitter Page
Linkedin Page
Whatsapp Page

SUMMARY

The ₹425.87 crore Ardee Industries IPO consists of a fresh issuance of shares valued at ₹320 crore and an offer-for-sale (OFS) component of ₹105.87 crore by promoters Sandeep Aggarwal and Nikunj Aggarwal.

Ardee Industries is involved in the circular economy segment, with a focus on the recovery and recycling of end-of-life energy storage products and non-ferrous scrap. | Image: ardeeindustries.com

Ardee Industries is involved in the circular economy segment, with a focus on the recovery and recycling of end-of-life energy storage products and non-ferrous scrap. | Image: ardeeindustries.com

The initial public offering (IPO) of Ardee Industries, a leading firm in secondary metals and circular economy sectors, will conclude on Friday. The subscription details for the final day of bidding will be available post 10 am.

Open FREE Demat Account within minutes!
Join now

As of Day 2, the IPO got bids for 82,72,71,587 shares compared to 5,84,22,516 shares on offer, according to the NSE data.

The category for non-institutional investors (NIIs) secured 30.55 times subscription, while the quota for retail individual investors was booked 14.32 times. The part for qualified institutional buyers (QIBs) attracted 1.30 times subscription.

The ₹425.87 crore IPO consists of a fresh issuance of shares valued at ₹320 crore and an offer-for-sale (OFS) component of ₹105.87 crore by promoters Sandeep Aggarwal and Nikunj Aggarwal.

The fresh issue proceeds will be utilised for funding incremental working capital requirements, debt clearance and general corporate purposes.

With a price range of ₹50 to ₹53 per equity share, the application size for a lot is 281 shares.

Ardee Industries is involved in the circular economy segment, with a focus on the recovery and recycling of end-of-life energy storage products and non-ferrous scrap. The company also reclaims critical resources from waste streams and makes pure lead and lead alloys utilised in sectors like energy storage, e-mobility, automotive, and chemicals.

Ardee Industries IPO allotment and listing date

The basis of allotment of Ardee Industries is likely to be finalised on Monday, August 10. The listing on the stock exchanges would occur on Wednesday, August 12.

ALSO READ | Milky Mist Dairy Food IPO opens August 11: Check issue size, objectives and key dates

How to check Ardee Industries IPO allotment status on NSE

Ardee Industries IPO allotment status on KFin Technologies; full steps

  • Open this website: https://ipostatus.kfintech.com/
  • Choose 'Ardee Industries Ltd' from the 'Select IPO' section
  • Enter your IPO application number, Demat account number or PAN
  • Press the 'Submit' button

About The Author

Journalist Kamal Joshi, former Republic TV and latestly news editor, currently associated with Upstox as senior ipo writer.
Kamal Joshi is a business journalist who covers markets and IPOs. He places a special focus on in-depth analysis of DRHPs, RHPs and public-issue documents to produce data-driven stories. He covers trends across mainboard and SME IPOs, anchor allocations, subscription status and post-listing performance. He is passionate about breaking news and enjoys playing pickleball, especially flexing his net play. He was previously associated with Republic TV and LatestLY.

Next Story