Ardee Industries makes stellar IPO debut with 39% premium on the BSE
Ardee Industries has debuted at Rs 73.60 on the BSE, up by 20.60 points or 38.87% from its issue price of Rs 53.00.
The scrip is currently trading at Rs. 67.26, up by 14.26 points or 26.91% from its issue price.
It has touched a high and low of Rs. 73.60 and Rs. 66.10 respectively. So far 88.55 lakh shares were traded on the counter.
The offering, which was open for subscription August 5, 2026 to August 7, 2026 was subscribed 138.83 times. The issue price was fixed at Rs 53 per share i.e. at upper end of price band of Rs 50-53 apiece.
Ardee Industries is engaged in the business of undertaking recovery and recycling of end-of-life energy storage products and non-ferrous scrap into quality materials which are used in critical industries such as, energy storage, e-mobility, automotive, chemical, among others.
