Ardee Industries’ initial public offering, valued at about ₹426 crore, opens with strong early demand. According to Business Line, the IPO is subscribed over two times on day one, with non-institutional investors (NIIs) reported to be leading the demand. NDTV reports that the company also raises ₹128 crore from anchor investors ahead of the IPO opening on August 5. The IPO is offered in a price band of ₹50 to ₹53 per share. Together, the reports indicate that Ardee Industries’ issue attracts significant interest both through anchor allocations and in the early subscription phase. While the outlets highlight different components of the rollout—Business Line focusing on overall opening-day subscription and NII participation, and NDTV focusing on anchor-investor funding and day-two investor guidance—the details align on the issue size, anchor raising, IPO price band, and the timing of the launch. The subscription figures are presented as early indicators of investor appetite as the offering progresses.