Ardee Industries shares debut on Dalal Street at 39% premium

Ardee Industries shares made a strong stock market debut on Wednesday. On NSE, the shares opened at ₹72, up ₹19 apiece or 35.85% from the IPO issue price of ₹53. On BSE, shares listed at ₹73.60, marking a gain of 38.87% over IPO price. Marquee investor Ashish Kacholia, who acquired 37,73,600 equity shares, made a notional gain of ₹7.77 crore.