New Delhi-based Ardee Industries is expected to finalize the basis of allotment for its Initial Public Offering (IPO) shares today, Monday, August 10, 2026. The company, specializing in recovery and recycling solutions, saw a significant investor response during its three-day bidding period.
IPO Subscription Details and Key Dates
The Ardee Industries IPO was open for subscription from August 05 to August 07, 2026, with shares offered in a price band of Rs 50-53 per share. Investors could apply for a minimum of 281 shares. The company aimed to raise Rs 426 crore through the IPO, comprising a fresh issue of shares worth Rs 320 crore and an Offer For Sale (OFS) of Rs 106 crore.
The issue received an overwhelming response, being subscribed a remarkable 133.66 times overall, attracting nearly 41.2 lakh applications. Qualified Institutional Bidders (QIBs) subscribed 197.77 times, Non-Institutional Investors (NIIs) booked 255.25 times their allocated portion, and retail bidders saw their quota subscribed 45.71 times.
Following the allotment, successful bidders can expect messages, alerts, or emails regarding the debit of their funds by Tuesday, August 11. Refunds for non-allotted shares will also be processed on August 11. Ardee Industries shares are scheduled to be listed on both BSE Ltd and NSE on Wednesday, August 12, 2026.
Odds of Allotment and Grey Market Premium (GMP)
Given the high subscription rates, the odds of allotment for retail investors stand at approximately 2.70%, meaning 1 out of 37 retail applicants is likely to receive 281 shares. For Small HNI (High Net Worth Individual) category, the probability is 0.47% (1 out of 211 investors for 3,934 shares), and for Big HNI category, it is 1.72% (1 out of 58 investors for 3,934 shares).
The Grey Market Premium (GMP) for Ardee Industries has nearly doubled since the bidding period, reflecting strong investor sentiment despite broader market volatility. The GMP was last reported at Rs 14-15 per share, up from Rs 7-8 during the bidding. This suggests a potential listing gain of 26-28% for investors.
About Ardee Industries
Incorporated in 1993, Ardee Industries is a New Delhi-based company focused on the sustainable recovery and recycling of end-of-life energy storage products and non-ferrous scrap. Their product portfolio includes high-purity lead and specialized lead alloys such as lead calcium, lead antimony, lead tin, lead silver, and lead cadmium alloys.
Pantomath Capital Advisors is the sole book-running lead manager for the Ardee Industries IPO, with Kfin Technologies Ltd serving as the official registrar for the issue.
How to Check Ardee Industries IPO Allotment Status
Investors who bid for the Ardee Industries IPO can check their allotment status through several platforms:
1. BSE Website:
- Visit https://www.bseindia.com/investors/appli_check.aspx
- Under 'Issue Type', select 'Equity'.
- Under 'Issue Name', choose 'Ardee Industries Limited' from the dropdown menu.
- Enter your application number and PAN card ID.
- Complete the 'I am not a Robot' captcha and click 'Search'.
2. NSE Website:
- Go to https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
- Select 'Equity & SME IPO Bid details'.
- Choose 'ARDEE' under 'Select Symbol'.
- Enter your PAN No. and Application No.
- Click 'Submit' to view your status.
3. KFin Technologies Website (Registrar):
- Access the KFin Technologies Limited portal at https://kosmic.kfintech.com/ipostatus
- Select the IPO name, which will be visible once allotment is finalized.
- Choose one of three modes: Application number, Demat Account number, or PAN ID.
- Select 'ASBA' or 'non-ASBA' for application type.
- Enter the required details for the chosen mode.
- Fill in the security captcha accurately and click 'Submit'.