Ardee Industries IPO Subscribed 14.72 Times on Day 2
5paisa Capital Ltd
- 2 min read
Last Updated: 6th August 2026 - 05:24 pm
Ardee Industries Limited's initial public offering (IPO) was subscribed 14.72 times by 5:24 PM on Day 2, August 7, 2026. The public issue received bids for 82,78,20,099 shares against 5,62,46,366 shares available for subscription. The Non-Institutional Investors (NIIs) category led the demand with a subscription of 31.93 times, followed by the Retail Individual Investors (RIIs) at 14.99 times, while the Qualified Institutional Buyers (QIBs) portion was subscribed 1.33 times.
Invest in Indian Markets and Unlock Future Potential With 5paisa!Subscription Status of Ardee Industries IPO
| Date | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Day 1 (August 5) | 1.13 | 5.60 | 3.48 | 3.26 |
| Day 2 (August 6) | 1.33 | 31.93 | 14.99 | 14.72 |
Here are the subscription details for Ardee Industries IPO Day 3, as of 5:24 PM:
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total |
|---|---|---|---|---|
| Anchor | 1 | 2,41,05,584 | 2,41,05,584 | 127.76 |
| QIB | 1.33 | 1,60,70,390 | 2,14,38,333 | 113.62 |
| NII | 31.93 | 1,20,52,793 | 38,48,83,452 | 2,039.88 |
| Retail | 14.99 | 2,81,23,183 | 42,14,98,314 | 2,233.94 |
| Total | 14.72 | 5,62,46,366 |
82,78,20,099 |
4,387.45 |
Key Highlights – Day 2
- Overall subscription stood at 14.72 times on **Day 2 (August 6, 2026).
- Qualified Institutional Buyers (QIBs) subscribed 1.33 times.
- Non-Institutional Investors (NIIs) subscribed 31.93 times.
- Retail Investors subscribed 14.99 times.
- Anchor investors had fully subscribed their allocated portion before the issue opened, with 2,41,05,584 shares allotted.
- Overall, the IPO was subscribed 14.72 times on Day 2
Key Highlights – Day 1
- Overall subscription stood at 3.26 times on Day 1 (August 5, 2026).
- Qualified Institutional Buyers (QIBs) subscribed 1.13 times.
- Non-Institutional Investors (NIIs) subscribed 5.60 times.
- Retail Investors subscribed 3.48 times.
- Anchor investors had fully subscribed their allocated portion before the issue opened, with 2,41,05,584 shares allotted.
- Overall, the IPO was subscribed 3.26 times on the opening day.
About Ardee Industries Limited
Incorporated in 1993, Ardee Industries Limited is engaged in the lead recycling and non-ferrous metals business. The company manufactures refined lead and lead alloys by recycling used lead-acid batteries and other lead-bearing scrap, supporting the circular economy. It operates a manufacturing facility at Tirupati, Andhra Pradesh, with products catering to both domestic and international markets. The company is also an LME-approved refined lead brand and exports to several global markets.
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