Ardee Industries IPO Subscription Status
Final figures at close of bidding: 12 Aug 2026, 6:30 pm IST
| Category | Subscription |
|---|---|
| QIB | 202.26x |
| NII | 266.75x |
| sNII (₹2L–₹10L) | 220.51x |
| bNII (above ₹10L) | 289.87x |
| Retail (RII) | 47.77x |
| Total | 138.83x |
Bidding day 3
Day-wise subscription
| Day | QIB | sNII | bNII | Retail | Total |
|---|---|---|---|---|---|
| Day 1 | 1.13x | 6.07x | 5.37x | 3.48x | 3.26x |
| Day 2 | 1.33x | 36.76x | 29.52x | 14.99x | 14.72x |
| Day 3 | 202.26x | 220.51x | 289.87x | 47.77x | 138.83x |
Times subscribed per category (bids vs shares offered, anchor portion excluded). Bidding has closed — these are the final figures.
How the book filled
Day-by-day demand
The Ardee Industries book was built over 3 days: overall subscription stood at 3.26× at the close of day 1, read 14.72× at the end of day 2, and finished at 138.83× on day 3. On the final day it was non-institutional investors (NII) driving the book, at 266.75× of the shares set aside for the category. More than half of the final demand arrived after day 1 — a late-building book. The largest single-day addition came on day 3, when the overall multiple moved from 14.72× to 138.83×.
Category detail
Qualified institutional buyers took their portion to 202.26×. Non-institutional investors came in at 266.75×, split 220.51× in the small-NII bucket (bids under ₹10 lakh) and 289.87× among big NIIs (above ₹10 lakh). Within the NII book, the bigger ₹10-lakh-plus bids outpaced the smaller applications. Retail investors put in bids for 47.77× the shares reserved for them. That puts non-institutional investors (NII) at the top of the book at 266.75× and retail investors at the bottom at 47.77×.
What the multiple means for allotment
With retail subscription at 47.77×, applications in that category exceeded the shares available to it by a factor of about 47.77. When a retail book is oversubscribed, the registrar does not allot proportionately — allotment runs as a computerised lottery among all valid applications, with each successful application receiving at least one lot of 281 shares — ₹14,893 of stock at the upper band. The multiple above is the data point that determines how thinly that draw is spread; it describes the final book, not the outcome of any single application.
Frequently asked questions
- When does the Ardee Industries IPO open and close?
- The Ardee Industries IPO opens on 5 Aug 2026 and closes on 7 Aug 2026.
- How many times was the Ardee Industries IPO subscribed?
- The Ardee Industries IPO was subscribed 138.83 times in total across all investor categories.
- What is the reservation split in the Ardee Industries IPO?
- Of the total shares offered, retail investors get 35%, QIBs 20% (plus 30% anchor), non-institutional investors 15%.