The Rs 425.87 crore Ardee Industries IPO has entered its third and final day of subscription with strong investor demand across all categories. In the grey market, the company's shares are trading at a premium of around 27% over the upper end of the price band, indicating positive expectations for its market debut.
By the close of the second day, the public issue had been subscribed 14.16 times, with bids received for significantly more than the 5.84 crore shares available. Retail investors remained particularly enthusiastic, subscribing to their reserved portion 14.33 times against the 2.93 crore shares allocated for the segment.
