Ardee Industries IPO: Check IPO Date, Live Subscription and Key Details
Ardee Industries Limited is an Indian diversified metals recycling company focused on the sustainable recovery and recycling of end-of-life batteries and non-ferrous metal scrap. The company manufactures high-purity lead and customized lead alloys (such as lead calcium, lead antimony, lead tin, lead silver, and lead cadmium alloys) catering to industries such as automotive, energy storage, e-mobility, and chemicals. The company operates a 7.61-acre integrated manufacturing facility in Tirupati, Andhra Pradesh, with an installed recycling capacity of 104,025 MTPA, equipped with advanced rotary furnaces, refining kettles, and automated casting systems.
Price Range
₹50.0 - ₹53.0
Issue Size
₹425.87 Cr
Lot Size
281 shares
IPO Type
Mainboard
GMP
₹13(+24.53%)
Est. Listing Price
₹66
Estimate Profit
₹3,653
Retail Portion
35.00%
Key Metrics
Check Live GMPGMPFace Value
₹2
EPS
3.32
P/E Ratio
15.96
RoNW
57.46%
ROE
57.46%
Debt to Equity
1.25
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Timeline
IPO Opens
5 Aug
IPO Closes
7 Aug
Allotment
10 Aug
Listing
12 Aug
IPO Timeline & Listing Details
| Event | Date | Details |
|---|---|---|
| IPO Open Date | 5 August 2026 | Subscription starts |
| IPO Close Date | 7 August 2026 | Subscription ends |
| Allotment Date | 10 August 2026 | Allotment |
| Listing Date | 12 August 2026 | Listing |
Investment Categories
| Category | Lots | Amount |
|---|---|---|
Retail (Min) | 1 | ₹14,893 |
Retail (Max)Just less than ₹2,00,000 | 13 | ₹1,93,609 |
SHNI (Min)Just above ₹2,00,000 | 14 | ₹2,08,502 |
SHNI (Max)Below ₹10,00,000 | 67 | ₹9,97,831 |
BHNIAbove ₹10,00,000 | 68 | ₹10,12,724 |
IPO Reservation Details
| Category | Reservation |
|---|---|
| QIB (Qualified Institutional Buyer) | 50.00% |
| NII (Non-Institutional Investor) | 15.00% |
| SHNI (Small Non-Institutional Investor) | 5.00% |
| BHNI (Big Non-Institutional Investor) | 10.00% |
| Retail | 35.00% |
| Market Maker | 0.00% |
| Total | 100.00% |
IPO Objectives
- Funding incremental working capital requirement of the Company (₹220.00 Cr).
- Repayment and/or pre-payment, in full or in part, of certain borrowings availed by the Company (₹20.00 Cr).
- General Corporate Purposes.
Strengths
- Operates a large-scale integrated manufacturing facility in Tirupati, Andhra Pradesh, strategically located near major battery manufacturers with an installed production capacity of 104,025 MTPA.
- Demonstrated strong financial performance with consolidated revenue growing by 57.21% YoY to ₹11,676.53 million and PAT increasing significantly to ₹846.81 million in Fiscal 2026.
- High percentage of repeat business, deriving between 83.68% and 92.80% of revenue from repeat customers over the last three fiscal years.
- Strong geographical diversification in exports, serving more than 50 customers globally and supplying products to Singapore, Switzerland, South Korea, Japan, Hong Kong, UAE, and the USA.
Weaknesses
- High customer concentration risk, with the top customer alone contributing 40.64% of total revenue from operations in Fiscal 2026 and the top 10 customers contributing 91.61%.
- Business is highly susceptible to the volatility of global lead prices (linked to LME) and raw material costs, which can significantly impact operational margins.
- The company operates in a strictly regulated and environmentally sensitive industry, requiring constant compliance with stringent environmental, health, and safety laws.
- Substantial dependency on the lead-acid battery sector (which accounted for 34.77% of revenue in FY26); the increasing adoption of lithium-ion batteries poses a long-term substitution threat to lead-acid battery recycling volumes.
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Financial Performance
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets (₹ Cr.) | 363.33 | 262.06 | 196.12 |
| Revenue (₹ Cr.) | 1,168.88 | 743.53 | 463.39 |
| PAT (₹ Cr.) | 84.68 | 33.27 | 8.95 |
| Net Worth (₹ Cr.) | 147.38 | 62.6 | 29.25 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|---|---|---|---|
| Ardee Industries Ltd. | 9.16 | 15.96 | 57.46% | 147.38 |
| Gravita India Limited | 4.93 | 30.87 | 15.45% | 280.48 |
| Jain Resources Recycling | 7.47 | 33.54 | 22.25% | 22.44 |
Subscription Details
No daily bids available.
No subscription statistics available.
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Company Details
- Ardee Industries Limited
- Khasra No. 340, 1st Floor and 3rd Floor, Village Sultanpur, Mehrauli, Gadaipur, New Delhi - 110 030, India
- +91 11 4760 0214
- cs@ardeeindustries.com
- https://www.ardeeindustries.com/
Registrar Details
- KFin Technologies Limited
- +91 40 6716 2222 / 1800 309 4001
- ardeeindustries.ipo@kfintech.com
- https://www.kfintech.com/
Frequently Asked Questions
What does Ardee Industries Limited do?
Ardee Industries Limited is engaged in the sustainable recycling and recovery of lead-based materials and non-ferrous metal scrap. The company manufactures and supplies refined high-purity lead and specialized lead alloys for industries such as battery manufacturing, electric mobility, and industrial manufacturing.
What are the IPO dates for Ardee Industries Limited Mainboard IPO?
The Ardee Industries Limited IPO opens for public subscription on August 5, 2026, and closes on August 7, 2026. The anchor investor bidding date is August 4, 2026.
What is the price band and minimum investment for Ardee Industries IPO?
The price band is fixed at ₹50 to ₹53 per share. Retail investors need to apply for a minimum lot of 281 shares, requiring an investment of ₹14,893 at the upper price band.
What is the issue size of the Ardee Industries IPO?
The total IPO issue size is ₹425.87 Crores, comprising a fresh issue of ₹320.00 Crores and an Offer for Sale (OFS) of up to 1,99,75,000 equity shares aggregating to ₹105.87 Crores.
What is the Ardee Industries IPO listing date?
Ardee Industries Limited equity shares are scheduled to list on the BSE and NSE on August 12, 2026.
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