Ardee Industries has fixed the price band for its initial public offering at ₹50 to ₹53 per equity share, setting the stage for its debut on Indian stock exchanges.
The company, which manufactures steel products, has scheduled the public subscription window to open on August 5 and close on August 7.
Anchor investors will have the opportunity to bid in a separate round on August 4.
The lot size for the issue is set at 281 shares.
The narrow pricing band of ₹3 reflects a focused valuation strategy by the issuer and its bookrunners.
With the face value of the shares at ₹2, the issue represents a significant premium to book value, typical for manufacturing firms seeking to raise capital for expansion or debt reduction.