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| Prospectus synopsis |
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Phone:+91 11 4760 0214 Fax:
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| Initial public offer of 80,351,950 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. 53 per equity share (including a share premium of Rs. 51 per equity share) ("Offer Price") aggregating to Rs. 425.87 Crores comprising a fresh issue of 60,376,950 equity shares of face value of Rs. 2 each aggregating to Rs. 320.00 Crores by the company ("Fresh Issue") and an offer for sale of 19,975,000 equity shares of face value of Rs. 2 each aggregating to Rs. 105.87 Crores ("Offered Shares") comprising 9,987,500 equity shares of face value of Rs. 2 each aggregating to Rs. 52.93 Crores by Sandeep Aggarwal and 9,987,500 equity shares of face value of Rs. 2 each aggregating to Rs. 52.93 Crores by Nikunj Aggarwal (collectively, the "Promoter Selling Shareholders") and such offer for sale, together with the fresh issue, the "Offer". The offer constituted 25.49% of the post-offer paid up equity share capital of the company.
Price Band: Rs. 53 per equity share of face value of Rs. 2 each.
The floor price is 26.50 times of the face value of the equity shares.
Bids can be made for a minimum of 281 equity shares of face value of Rs. 2 each and in multiples of 281 equity shares of face value of Rs. 2 each thereafter.
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| 05-Aug-26 |
07-Aug-26 |
Rs
53.00-0.00
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Rs
0.00-0.00
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| Minimum Application for shares in Nos :
281
Further Multiples of :
281
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| Project Cost |
286.27 |
| Pantomath Capital Advisors Private Limited |
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| Project Financed through Current Offer |
425.87 |
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| Post Issue Equity Share Capital |
67.04 |
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| Issue Price |
Rs.53.00
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Funding incremental working capital requirement of the Company
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Repayment and/or pre-payment, in full or in part, of certain borrowings availed by its Company
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General corporate purposes
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