Ardee Industries shares make a strong D-St debut, list at 39% premium over IPO price

Ardee Industries made a strong stock market debut, with shares listing at a 38.87% premium on the BSE and 35.85% on the NSE. The listing surpassed grey market expectations after the Rs 425.87 crore IPO received an overwhelming 133.66 times subscription, led by strong demand from institutional and non-institutional investors.