Ardee Industries IPO

Ardee Industries To Launch ₹426 Crore IPO On August 5; Price Band Set At ₹50-53

Ardee Industries shares slip 7% post-listing after double-digit listing gains. What should investors do?

Ardee Industries shares fell over 6% from their BSE listing price on Wednesday after a strong D-Street debut earlier in the day. The stock listed at Rs 73.60 on the BSE, a premium of nearly 39% over its issue price of Rs 53, while debuting at Rs 72 on the NSE.The initial listing gains, however, proved short-lived as profit-booking dragged the stock down by 6.93% from its BSE opening price to trade around Rs 68.50.Despite the post-listing drop, the stock continues to hold strong gains of over 29% relative to its original issue price.The company's Rs 425.87 crore IPO was subscribed 133.66 times

Augmont Enterprises To Launch ₹825-Crore IPO On August 21; Price Band Set At ₹750-788