The Rs 425.87 crore Ardee Industries IPO will open for subscription on August 5, with grey market trends indicating healthy investor interest ahead of the launch. The issue is commanding a GMP of around 13% over its upper price band of Rs 53, signalling expectations of a positive listing.
Investors will soon be able to participate in the public offering, with the company setting the IPO price band between Rs 50 and Rs 53 per share. The issue provides an opportunity to invest in Ardee Industries, a company engaged in the lead recycling and non-ferrous metals industry, sectors that play a key role in metal recovery and industrial supply chains.
