Ardee Industries IPO

Initial public offer of up to [] equity shares of face value of Rs.2/- each (equity shares) of Ardee Industries Limited (company or issuer) for cash at a price of Rs. [] per equity share (including a share premium of Rs. [] per equity share) (offer price) aggregating up to Rs. [] crores comprising a fresh issue of up to [] equity shares of face value of Rs. 2/- each aggregating up to Rs. 320.00 crores by the company (fresh issue) and an offer for sale of up to 37,650,000 equity shares of face value of Rs. 2/- each aggregating up to Rs. [] crores (offered shares) comprising up to 18,825,000 equity shares of face value of Rs. 2/- each aggregating up to Rs. [] crores by Sandeep Aggarwal and up to 18,825,000 equity shares of face value of Rs. 2/- each aggregating up to Rs. [] crores by Nikunj Aggarwal (collectively, the promoter selling shareholders) and such offer for sale, together with the fresh issue, the offer. The offer shall constitute []% of the post-offer paid up equity share capital of the company. The face value of equity shares is Rs. 2/- each. The offer price is [] times the face value of the equity shares. The price band and the minimum bid lot will be decided by the company.