Ardee Industries IPO Day 3: GMP at 27%; issue subscribed over 14 times so far. Should you subscribe?

By the close of the second day, the public issue had been subscribed 14.16 times, with bids received for significantly more than the 5.84 crore shares available. Retail investors remained particularly enthusiastic, subscribing to their reserved portion 14.33 times against the 2.93 crore shares allocated for the segment.