Data sourced from BSE & NSE · Compiled by IPO Ji · IPO subscription data last updated
Total 138.83x·QIB 202.26x·NII 266.75x·Retail 47.77x
Based on retail subscription by applications (37.92×), approximately 1 in 38 retail applications may receive an allotment. Final allotment is decided by the registrar’s computerised lottery.
Ardee Industries Limited Mainboard IPO was subscribed 138.83x in total when bidding closed on Aug 7, 2026, with 202.26x in the QIB category, 266.75x in NII, 47.77x in retail across BSE and NSE. This represents a strong oversubscription, reflecting heavy investor demand; a high subscription figure does not guarantee listing gains, and allotment follows the applicable category and exchange rules. The issue ran from Aug 5, 2026 to Aug 7, 2026 at a price band of ₹50–₹53 per share. Allotment is expected to be finalised on Aug 10, 2026.
| Category | Offer | Applied | Times |
|---|---|---|---|
| QIBs | 16070390 | 3250436028 | 202.26 |
| NIIs | 12052793 | 3215058971 | 266.75 |
| BNIIs (>10L) | 8035195 | 2329123014 | 289.87 |
| SNIIs (<10L) | 4017598 | 885935957 | 220.51 |
| Retail | 28123183 | 1343324434 | 47.77 |
| Total | 56246366 | 7808819433 | 138.83 |
| Total Applications41,31,427 approx. |
|||
| Category | Reserve | Applied | Times |
|---|---|---|---|
| BNIIs (>10L) | 2,043 | 1,19,295 | 58.39 |
| SNIIs (<10L) | 1,021 | 2,15,954 | 211.51 |
| Retail | 1,00,083 | 37,95,313 | 37.92 |
| Total Applications41,31,427 approx. |
|||
| Category | Offered | Demand | Times |
|---|---|---|---|
| QIBs | 85.17 | 17227.31 | 202.26 |
| FIIs | - | 2321.26 | - |
| DIIs | - | 8788.01 | - |
| Mutual Funds | - | 121.04 | - |
| Others | - | 5997.00 | - |
| NIIs | 63.88 | 17039.81 | 266.75 |
| BNIIs (>10L) | 42.59 | 12344.35 | 289.87 |
| SNIIs (<10L) | 21.29 | 4695.46 | 220.51 |
| Retail | 149.05 | 7119.62 | 47.77 |
| TOTAL | 298.11 | 41386.74 | 138.83 |
| As on | QIB |
NII
bHNI
sHNI
|
Retail | Total |
|---|---|---|---|---|
|
Day 1
5 Aug 2026
5:00 PM
|
1.13x |
5.58x
5.37x
6.00x
|
3.40x | 3.22x |
|
Day 2
6 Aug 2026
5:00 PM
|
1.33x |
31.85x
29.45x
36.66x
|
14.96x | 14.69x |
|
Day 3
7 Aug 2026
5:00 PM
|
202.26x |
266.75x
289.87x
220.51x
|
47.77x | 138.83x |
Anticipated subscription based on the number of applications received (an alternative to the shares-based figures above), sourced from BSE & NSE.
| Category | Times (by applications) |
|---|---|
| bHNI | 58.39x |
| sHNI | 211.51x |
| Retail | 37.92x |
Because Ardee Industries closed oversubscribed, applicants were not guaranteed full allotment. In oversubscribed issues, shares are allotted according to the applicable category and exchange rules, so applicants are not guaranteed full allotment once an issue is oversubscribed. The number of times each category is subscribed is one indicator of demand, alongside the company's fundamentals and the broader market.
A high subscription figure reflects strong demand but does not guarantee a premium listing, and a low figure does not guarantee a discount. This page is for information only and is not investment advice. Investors should read the company's prospectus and consult a SEBI-registered adviser before making any decision.
IPO subscription status shows how many times an issue has been applied for, compared with the shares on offer, broken down by Qualified Institutional Buyers (QIB), Non-Institutional Investors (NII), and the Retail or SME Individual Investor category. A figure of "2x" means investors applied for twice the shares available. See how IPO subscription works and track all live IPOs →
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