Ardee Industries Ltd - IPO

Ardee Industries Ltd IPO Details

Initial public offer of up to [*] equity shares of face value of Rs.2/- each (equity shares) of Ardee Industries Limited (company or issuer) for cash at a price of Rs. [*] per equity share (including a share premium of Rs. [*] per equity share) (offer price) aggregating up to Rs. [*] crores comprising a fresh issue of up to [*] equity shares of face value of Rs. 2/- each aggregating up to Rs. 320.00 crores by the company (fresh issue) and an offer for sale of up to 37,650,000 equity shares of face value of Rs. 2/- each aggregating up to Rs. [*] crores (offered shares) comprising up to 18,825,000 equity shares of face value of Rs. 2/- each aggregating up to Rs. [*] crores by Sandeep Aggarwal and up to 18,825,000 equity shares of face value of Rs. 2/- each aggregating up to Rs. [*] crores by Nikunj Aggarwal (collectively, the promoter selling shareholders) and such offer for sale, together with the fresh issue, the offer. The offer shall constitute [*]% of the post-offer paid up equity share capital of the company.The face value of equity shares is Rs. 2/- each. The offer price is [*] times the face value of the equity shares. The price band and the minimum bid lot will be decided by the company.

Objective of issue

Funding incremental working capital requirement of the Company. Repayment and/or pre-payment, in full or in part, of certain borrowings availed by its Company. General corporate purposes.

Ardee Industries Ltd Contact Details

Ardee Industries Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

Phone - 91-40-67162222

Fax - 91-40-23001153/23420814

Email - cs@ardeeindustries.com

Website - www.ardeeindustries.com