Ardee Industries, a lead recycler based in Tirupati, prepares for its initial public offering (IPO) amid anchor allocations ahead of listing. According to reports, investor Ashish Kacholia purchases 20% of the company’s anchor book. The anchor book raised is reported at Rs 127.75 crore, placing Kacholia’s share at about Rs 25 crore. The IPO itself is described as a larger offer valued at around Rs 426 crore. The reported figures refer specifically to the portion allocated to anchor investors prior to the public issue, with the intent of providing early support to the IPO pricing process. No additional details about other anchor investors, the final issue price, or proceeds allocation beyond the reported anchor-book and IPO size are included in the available excerpts. The reports present the information as part of the pre-IPO anchor placement for Ardee Industries and highlight Kacholia’s role as a key anchor investor.
Ardee Industries IPO: Ashish Kacholia buys 20% of anchor book
Ardee Industries, a lead recycler based in Tirupati, prepares for its initial public offering (IPO) amid anchor allocations ahead of listing. According to reports, investor Ashish Kacholia purchases 2...
- Ashish Kacholia buys 20% of Ardee Industries’ anchor book ahead of its IPO.
- The anchor book raised is reported at Rs 127.75 crore.
- Kacholia’s purchase is reported to be about Rs 25 crore.
- Ardee Industries is described as a lead recycler based in Tirupati.
- The company’s IPO size is reported at around Rs 426 crore.
Kacholia's stake works out to Rs 25 crore of the Rs 127.75-crore anchor book raised by the Tirupati-based lead recycler ahead of its Rs 426-crore IPO.
5 hours agoKacholia's stake works out to Rs 25 crore of the Rs 127.75-crore anchor book raised by the Tirupati-based lead recycler ahead of its Rs 426-crore IPO.
5 hours ago
Greatland Resources and West African Resources win top awards at Kalgoorlie mining event
Greatland Resources and West African Resources receive major honours at the Kalgoorlie mining conference’s Diggers & Dea...
Mastercard and Borderless pilot Crypto Credential for trusted cross-border stablecoin transfers
Mastercard and Borderless are piloting a project aimed at adding more trust to cross-border stablecoin payments. The eff...
Saudi fund and Kushner-backed firm complete $55 billion takeover of EA Sports
Saudi Arabia’s sovereign wealth fund, working with Jared Kushner’s Affinity Partners, completes its $55 billion acquisit...