The Rs 425.87 crore Ardee Industries IPO entered its second day of bidding on a strong note, attracting robust investor interest across categories. The company's shares are commanding a 29% premium in the grey market over the upper price band, signaling expectations of a healthy stock market debut.
On the first day of bidding, the IPO was subscribed 3.08 times, with bids received for more than 17.98 crore shares against the 5.84 crore shares on offer. Retail investors showed strong enthusiasm, with their portion oversubscribed 3.22 times against the 2.93 crore shares reserved for the segment.
