This document is a public announcement regarding Ardee Industries Limited's pre-IPO placement.Promoters Sandeep and Nikunj Aggarwal transferred 10,849,350 shares at a price of ₹53 per share.The total consideration for this secondary transfer amounted to ₹575.02 million.The company is a manufacturer of recycled lead and is planning an IPO with an expected size of over ₹400 crore.