Ardee Industries IPO
Ardee Industries IPO is a mainboard IPO raising ₹426 Cr at ₹50 – ₹53 a share. It listed on 12 Aug 2026 at ₹72, +35.8% against its issue price of ₹53, and trades at ₹51 today (−3.8% since issue). It was subscribed 134× in total.
133.7 times more demand than shares on offer
populated partly populated we hold nothing here — the tab says why
Who bid for it
| Investor category | Shares offered | Shares bid for | Subscribed |
|---|---|---|---|
| QIB Banks, funds and other large institutions | 1,64,35,297 | 3,25,04,36,028 | 198× |
| Foreign Institutional Investors | no separate quota | 43,79,72,782 | n/a |
| Domestic Financial Institutions | no separate quota | 1,65,81,15,527 | n/a |
| Mutual funds | no separate quota | 2,28,37,432 | n/a |
| Others | no separate quota | 1,13,15,10,287 | n/a |
| Non-institutional Wealthy individuals and companies bidding above ₹2 lakh | 1,25,96,166 | 3,21,50,58,971 | 255× |
| Non Institutional Investors | 83,97,444 | 2,32,91,23,014 | 277× |
| Corporates | no separate quota | 1,80,16,596 | n/a |
| Individuals | no separate quota | 2,21,78,16,104 | n/a |
| Others | no separate quota | 9,32,90,314 | n/a |
| Non Institutional Investors | 41,98,722 | 88,59,35,957 | 211× |
| Corporates | no separate quota | 16,81,504 | n/a |
| Individuals | no separate quota | 85,67,14,767 | n/a |
| Others | no separate quota | 2,75,39,686 | n/a |
| Retail Ordinary investors bidding up to ₹2 lakh | 2,93,91,053 | 1,34,33,24,434 | 46× |
| Cut Off | no separate quota | 1,13,99,85,247 | n/a |
| Price bids | no separate quota | 20,33,39,187 | n/a |
| Total | 5,84,22,516 | 7,80,88,19,433 | 134× |
Sub-categories read no separate quota rather than a dash: the exchange publishes bids at that level but never a reservation against them, so a subscription multiple does not exist — it is not missing data. Bids across both exchanges (NSE and BSE) — the figure usually quoted publicly. Last updated 8 Aug, 08:15 am IST.
Where the bids landed
Demand barely changes across the price band — bidders were not price-sensitive. 15% of the book was bid at cut-off — investors who accept whatever price is set.
Cumulative shares bid for at each price, across both exchanges. “Cut-off” means the investor accepts whatever final price is set — mostly small retail applications. A band where demand barely changes between the low and high price tells you bidders were not price-sensitive.
How demand built
Our own series — the exchanges publish a running total and never a history.23 readings held.
Institutions typically enter the book on the final day, which is why a day-one subscription figure tells you very little.