The initial public offering will be open for the anchor investors on August 4, whereas the public issue will commence on August 5 and end on August 7. The basis of allotment is anticipated to be finalized on August 10, and refunds and equity share credits will occur on August 11.

Ardee Industries Ltd has managed to garner Rs 115 crore through a pre-IPO share placement to nine anchor investors before its IPO.

The deal saw the involvement of investors such as Ashish Kacholia, Winro Commercial headed by Rohit Kothari, Bharat Value Fund, Jaisinghani Family Office, Jagdish Master Family Office, Anuj Sheth Family Office, and Gagan Chaturvedi Family Office.

“Selling promoter shareholders Sandeep Aggarwal and Nikunj Aggarwal sold 2.16 crore equity shares for a price of Rs 53 per share on July 24 and 27, bringing down their holding in the company to 33.8 percent and 33.56 percent…”

Ace investor Ashish Kacholia contributed Rs 20 crore to buy 37.73 lakh shares, whereas Bharat Value Fund – Series III turned out to be the biggest investor of them, buying 47.17 lakh shares worth Rs 25 crore.

Winro Commercial and Shruti Gagan Chaturvedi bought 28.3 lakh shares worth Rs 15 crore each.

As per the RHP, Ardee Industries will be raising funds amounting to Rs 320 crore from a fresh issuance of shares, whereas the promoters, Sandeep Aggarwal and Nikunj Aggarwal, will be selling 1.99 crore equity shares via OFS.

While Ardee Industries’ IPO will start for the anchor investors on August 4, the public issue will commence on August 5 and close on August 7.

Allotment base is likely to be finalized on August 10, with refunds and credit of equity shares slated to be made Augus…