Ardee IPO Subscription
ListedUpdated 12 August 2026, 9:15 AM IST· Mainboard
Ardee IPO subscription closed on 7 August 2026 at 138.83x overall by shares. QIB demand came in at 202.26x, NII at 266.75x, and retail at 47.77x. See Retail, SHNI, and BHNI allotment chances in the table below.
Allotment date is 10 August 2026. Listing date on NSE and BSE is 12 August 2026.
Ardee IPO Day-wise Subscription
Daily QIB, NII, Retail, and overall subscription as bids come in
| Day | QIB | NII | Retail | Overall |
|---|---|---|---|---|
| Day 1 - 5 Aug 2026 | 1.13x | 5.60x | 3.48x | 3.26x |
| Day 2 - 6 Aug 2026 | 1.33x | 31.93x | 14.99x | 14.72x |
| Day 3 - 7 Aug 2026 | 202.26x | 266.75x | 47.76x | 138.83x |
Ardee IPO Allotment Chances
Retail, SHNI, and BHNI chances based on application subscription
Ardee IPO allotment chances for Retail, SHNI, and BHNI. All three use lottery when the category is oversubscribed.
| Category | Subscription (Apps) | Allotment Chances |
|---|---|---|
| Retail | 37.92x | 1 in 38 |
| SHNI (Rs 2L to Rs 10L) | 211.50x | 1 in 211 |
| BHNI (above Rs 10L) | 58.39x | 1 in 58 |
Chances use application subscription (how many bids came in), not share or amount figures. If you get allotment, you get at least one lot. Higher subscription means lower chance per PAN.
Check the Ardee IPO Allotment Status page from 10 August 2026 for your result.
Ardee IPO Subscription by Amount
Category-wise subscription based on amount applied at issue price Rs 53.00
| Category | Amount Offered | Amount Applied | Subscription |
|---|---|---|---|
| QIB | Rs 85.17 Cr | Rs 17,227.31 Cr | 202.26x |
| FII | - | Rs 2,321.26 Cr | - |
| DFI | - | Rs 8,788.01 Cr | - |
| Mutual Funds | - | Rs 121.04 Cr | - |
| Other | - | Rs 5,997.00 Cr | - |
| NII | Rs 63.88 Cr | Rs 17,039.81 Cr | 266.75x |
| bNII (above Rs 10L) | Rs 42.59 Cr | Rs 12,344.35 Cr | 289.87x |
| Corporate | - | Rs 95.49 Cr | - |
| Individual | - | Rs 11,754.43 Cr | - |
| Other | - | Rs 494.44 Cr | - |
| sNII (Rs 2L to Rs 10L) | Rs 21.29 Cr | Rs 4,695.46 Cr | 220.51x |
| Corporate | - | Rs 8.91 Cr | - |
| Individual | - | Rs 4,540.59 Cr | - |
| Other | - | Rs 145.96 Cr | - |
| Retail | Rs 149.05 Cr | Rs 7,119.62 Cr | 47.77x |
| Cut-off price | - | Rs 6,041.92 Cr | - |
| Fixed price | - | Rs 1,077.70 Cr | - |
| Total | Rs 298.11 Cr | Rs 41,386.74 Cr | 138.83x |
Ardee IPO Subscription by Applications
Category-wise subscription based on applications received
| Category | Applications Offered | Applications Received | Subscription |
|---|---|---|---|
| QIB | 1,60,70,390 | 845 | 0.00x |
| FII | - | 95 | - |
| DFI | - | 55 | - |
| Mutual Funds | - | 12 | - |
| Other | - | 683 | - |
| NII | 3,064 | 3,35,235 | 109.41x |
| bNII (above Rs 10L) | 2,043 | 1,19,296 | 58.39x |
| Corporate | - | 848 | - |
| Individual | - | 1,13,635 | - |
| Other | - | 4,813 | - |
| sNII (Rs 2L to Rs 10L) | 1,021 | 2,15,939 | 211.50x |
| Corporate | - | 366 | - |
| Individual | - | 2,08,756 | - |
| Other | - | 6,817 | - |
| Retail | 1,00,083 | 37,95,256 | 37.92x |
| Cut-off price | - | 31,87,498 | - |
| Fixed price | - | 6,07,758 | - |
| Total | 1,61,73,537 | 41,31,336 | 0.26x |
What Do These Subscription Numbers Mean?
138.83x overall by shares means bids covered about 139 times the shares on offer. Allotment chances depend on applications in each category.
QIB at 202.26x by shares shows institutional demand from mutual funds, FIIs, and banks.
NII covers bids above Rs 2 lakh (109.41x by applications). Split: SHNI 211.50x, BHNI 58.39x by applications. SHNI and BHNI allotment is by lottery.
At 37.92x subscription by applications, about 1 in 38 retail applicants may get allotment (~3% chance per application). Retail allotment is also by lottery.
Ardee IPO GMP After Subscription
GMP for Ardee IPO stands at Rs 16.00 today, giving an estimated listing price of Rs 69.00 per share.
A subscription of 138.83x combined with a GMP of 30.19% is a strong combination heading into listing. QIB demand above 50x in particular tends to support listing sentiment, as institutional investors are seen as informed buyers.
Track live GMP on the Ardee IPO GMP Today page or the IPOwiz Live IPO GMP Tracker.
Ardee IPO Key Dates
| Event | Date |
|---|---|
| IPO Open Date | 5 August 2026 |
| IPO Close Date | 7 August 2026 |
| Allotment Date | 10 August 2026 |
| Refund Initiation | 11 August 2026 |
| Share Credit to Demat | 11 August 2026 |
| Listing Date | 12 August 2026 |
| Minimum Investment | Rs 14,893.00 |
| Lot Size | 281 shares |
About Ardee IPO
Ardee Industries Limited is an Indian diversified metals recycling company focused on the sustainable recovery and recycling of end-of-life batteries and non-ferrous metal scrap. The company manufactures high-purity lead and customized lead alloys (such as lead calcium, lead antimony, lead tin, lead silver, and lead cadmium alloys) catering to industries such as automotive, energy storage, e-mobility, and chemicals. The company operates a 7.
Understanding Subscription Categories
QIB - Qualified Institutional Buyers
Includes foreign institutional investors, domestic financial institutions, mutual funds, and other qualified institutions. QIB demand is considered the most reliable indicator of institutional confidence in an IPO.
NII - Non-Institutional Investors (SHNI & BHNI)
Investors bidding above Rs 2 lakh. Split into SHNI (Rs 2 lakh to Rs 10 lakh) and BHNI (above Rs 10 lakh). Both use lottery allotment when oversubscribed.
Retail - Retail Individual Investors
Investors bidding up to Rs 2 lakh per PAN. Allotment is by lottery when oversubscribed. Winners get at least one lot.
Ardee IPO IPO Pages
Open related pages for this IPO: details, GMP, subscription, allotment, review, FAQ, registrar, timeline, and news.
Ardee IPO Details
Issue size, price, financials, and company info
Ardee IPO GMP
Live grey market premium and listing estimate
Ardee IPO Subscription
QIB, NII, Retail, SHNI and BHNI subscription
Ardee IPO Allotment
Allotment date, chances, and check by PAN
Ardee IPO Review
SWOT, strengths, risks, and IPO review
Ardee IPO FAQ
Common questions on dates, GMP, and allotment
Ardee IPO Registrar
Registrar website and how to check allotment
Ardee IPO Timeline
Open, close, allotment, and listing dates
Ardee IPO News
Updates, blogs, and latest IPO news
Ardee IPO Subscription FAQs
What is Ardee IPO subscription status today?
Ardee IPO subscription closed on 7 August 2026 with overall subscription of 138.83x (by shares) as of 19 August 2026, 5:17 AM IST. QIB 202.26x, NII 109.41x, Retail 37.92x.
What is the overall subscription of Ardee IPO?
Ardee IPO is subscribed 138.83x overall by shares at close on 7 August 2026. QIB 202.26x, NII 109.41x, and Retail 37.92x.
What is Ardee IPO QIB subscription?
Ardee IPO QIB (Qualified Institutional Buyers) subscription is 202.26x by shares. QIB includes mutual funds, FIIs, banks, and other institutions.
What is Ardee IPO Retail subscription?
Ardee IPO Retail subscription is 37.92x by applications. Retail bids are up to Rs 2 lakh per PAN.
What is Ardee IPO NII, SHNI, and BHNI subscription?
Ardee IPO NII subscription is 109.41x by applications. NII is bids above Rs 2 lakh, split into SHNI (Rs 2L to Rs 10L) at 211.50x and BHNI (above Rs 10L) at 58.39x.
What are Ardee IPO retail allotment chances?
At 37.92x subscription by applications, about 1 in 38 retail applicants may get allotment (~3% chance per application). Allotment is by lottery. Share subscription was 47.77x. Allotment chances use applications, not share volume.
What are Ardee IPO SHNI allotment chances?
At 211.50x subscription by applications, about 1 in 211 SHNI applicants may get allotment (~1% chance per application). Allotment is by lottery. Share subscription was 220.51x. Allotment chances use applications, not share volume.
What are Ardee IPO BHNI allotment chances?
At 58.39x subscription by applications, about 1 in 58 BHNI applicants may get allotment (~2% chance per application). Allotment is by lottery. Share subscription was 289.87x. Allotment chances use applications, not share volume.
When is Ardee IPO allotment date?
Ardee IPO allotment date is 10 August 2026. Check Ardee IPO Allotment Status on IPOwiz from that day using your PAN.
When does Ardee IPO subscription close?
Ardee IPO subscription closed on 7 August 2026. No new applications are accepted after the close.
What is Ardee IPO GMP today?
Ardee IPO GMP is ₹16 today (+30.19% over issue price ₹53). See live GMP on the Ardee IPO GMP Today page.
What is Ardee IPO issue price and lot size?
Ardee IPO issue price is ₹53 per share. Lot size is 281 shares. Minimum investment is ₹14,893 per lot. Issue size: ₹425.87 Cr.
When is Ardee IPO listing date?
Ardee IPO listing date is 12 August 2026 on NSE and BSE. Allotment is on 10 August 2026.
How does subscription affect Ardee IPO allotment?
In Ardee IPO, Retail, SHNI, and BHNI allotment is by lottery when oversubscribed. Chances follow application subscription in each category, not share volume. At 138.83x overall, competition is very high.
For allotment results from 10 August 2026, visit the Ardee IPO Allotment Status page. For listing day updates on 12 August 2026, download the IPOwiz App.
Sources
We match Ardee IPO IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.
- SEBIRules for IPO allotment and disclosures in India
- NSEExchange notices, bidding data, and listing updates
- BSEExchange notices and IPO allotment check tools
- RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
- IPO RegistrarRegistrar details are on the allotment page for this IPO
Also read our Editorial Policy, How GMP is calculated, and How allotment chances work.
Reviewed by
Dinesh Agrawal · Lead IPO Analyst
15+ years in Indian markets and IPO research. He reviews subscription data before it goes live.