Ardee Industries IPO
GMP, Subscription, Price, Dates & Financial Details
Metal - Non Ferrous
Ardee Industries Limited is an Indian company engaged in the sustainable recovery, recycling, and processing of end-of-life energy storage products and non-ferrous metal scrap. The company focuses on environmentally responsible recycling practices to recover valuable resources and manufacture…
Open Date
Wed, 05 Aug 2026
Close Date
Fri, 07 Aug 2026
Price Band
₹ 50 – 53
Lot Size
281
Issue Size
₹ 425.87 Cr
Minimum Investment
₹ 14,893 (281 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Ardee Industries IPO has successfully completed its IPO process and is now listed on the NSE and BSE. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹426 Crore, comprising a fresh issue of 6.04 Crore equity shares aggregating to ₹320.00 Crore and an offer for sale (OFS) of 2.00 Crore equity shares aggregating to ₹105.87 Crore by the existing shareholders.
The Ardee Industries IPO remained open for subscription from August 05, 2026, to August 07, 2026. The basis of allotment was finalized on August 10, 2026, and the company's shares were listed on the NSE and BSE on August 12, 2026.
The company had fixed the price band at ₹50 to ₹53 per share, with a lot size of 281 shares. Retail investors were required to make a minimum investment of ₹14,893 (based on the upper price band) to apply for one lot.
KFin Technologies Limited served as the registrar to the issue. Pantomath Capital Advisors Pvt Ltd acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Ardee Industries Limited is now a publicly listed company on the NSE and BSE. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Ardee Industries IPO Timeline (Tentative)
- IPO Open Date
- Wed, 05 Aug 26
- IPO Close Date
- Fri, 07 Aug 26
- Basis of Allotment
- Mon, 10 Aug 26
- Initiation of Refunds
- Tue, 11 Aug 26
- Credit of Shares to Demat
- Tue, 11 Aug 26
- Listing Date
- Wed, 12 Aug 26 — NSE & BSE
Open Date
05 August 2026
Close Date
07 August 2026
Basis Of Allotment
10 August 2026
Listing Date
12 August 2026
IPO Subscription
Check Live Subscription →The Ardee Industries IPO has received bids for 7,80,88,19,433 shares against 5,84,22,516 shares offered, resulting in an overall subscription of 133.66x. the NII category is subscribed 255.24x, Retail Investors 45.71x, and QIBs 197.77x. Within the NII category, BNII is subscribed 277.36x, while SNII is subscribed 211x.
QIB
197.77x
NII
255.24x
BNII
277.36x
SNII
211x
RII
45.71x
Total
133.66x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 2,93,91,053 shares, representing 50.31% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 1,64,35,297 shares (28.13%), while Non-Institutional Investors (NIIs) receive 1,25,96,166 shares (21.56%).
| Category | Shares Offered | Shares Offered |
|---|---|---|
| Qualified Institutions | 16,435,297 | 28.13% |
| Non-Institutional | 12,596,166 | 21.56% |
| BNII | 8,397,444 | 14.37% |
| SNII | 4,198,722 | 7.19% |
| Retail Investors | 29,391,053 | 50.31% |
| Total | 58,422,516 | 100% |
Financials Details(₹ in Crores)
| Particular | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 363.33 | 262.06 | 196.12 |
| Revenue | 1168.88 | 743.53 | 463.39 |
| Profit After Tax | 84.68 | 33.27 | 8.95 |
| Net Worth | 147.38 | 62.6 | 29.25 |
| Reserve & Surplus | 96.42 | 59.42 | 26.06 |
| Total Borrowings | 182.75 | 165.77 | 142.36 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Ardee Industries Limited KPI Information
| Particular | Mar 2026 | Mar 2025 | Mar 2024 |
|---|---|---|---|
| ROE % | 81 | 72 | 36 |
| ROCE % | 44.26 | 25.17 | 12.83 |
| Debt / Equity | 1.25 | 2.65 | 4.87 |
| RoNW % | 57.46 | 53.15 | 30.61 |
| Pat Margin % | 7.25 | 4.48 | 1.93 |
Peers Comparison
| Company | Face Value | PE Ratio | EPS Basic | EPS Diluted | RoNW | Net Assets |
|---|---|---|---|---|---|---|
| Ardee Industries Ltd | 2 | 0 | 3.32 | 3.32 | 57.46 | 5.78 |
| Gravita India Ltd | 2 | 35.37 | 52.02 | 52.02 | 15.43 | 332.16 |
| Pondy Oxides and Chemicals Ltd | 5 | 31.94 | 43.98 | 43.98 | 16.73 | 258.39 |
| Jain Resources Recycling Ltd | 2 | 33.57 | 10.25 | 10.25 | 22.25 | 45.24 |
About Ardee Industries Limited
Ardee Industries Limited is an Indian company engaged in the sustainable recovery, recycling, and processing of end-of-life energy storage products and non-ferrous metal scrap. The company focuses on environmentally responsible recycling practices to recover valuable resources and manufacture high-quality lead and lead-based alloy products for various industrial applications.
The company’s product portfolio comprises high-purity refined lead and specialized lead alloys, including lead calcium, lead antimony, lead tin, lead silver, and lead cadmium alloys. These products are primarily supplied to industries such as energy storage, electric mobility, automotive, chemicals, and other metal-intensive sectors, where they serve as critical raw materials for manufacturing and industrial processes.
As of March 31, 2025, Ardee Industries Limited has established a customer base of more than 50 clients across domestic and international markets, including customers from the battery and metals industries. The company has expanded its global presence by exporting its products to seven countries, namely Singapore, Hong Kong, South Korea, Switzerland, the United Arab Emirates, Japan, and the United States of America.
The company owns and operates a state-of-the-art manufacturing facility located in the Tirupati district of Andhra Pradesh, spread across approximately 7.61 acres. The facility has an installed production capacity of 104,025 metric tonnes per annum (MTPA) and is equipped with advanced recycling and processing infrastructure, including rotary furnaces, refining kettles, casting systems, and integrated pollution control systems. These facilities enable the company to efficiently process recyclable materials while maintaining consistent product quality and adhering to environmental standards.
Ardee Industries Limited follows robust quality, environmental, and occupational health and safety management systems. The company’s manufacturing facility is certified under ISO 9001:2015 for quality management systems, ISO 14001:2015 for environmental management systems, and ISO 45001:2018 for occupational health and safety management systems, reflecting its commitment to operational excellence, sustainability, and workplace safety.
Through its advanced recycling capabilities, diverse product portfolio, global customer base, and focus on sustainable practices, Ardee Industries Limited continues to strengthen its position in the non-ferrous metal recycling and lead manufacturing industry.
Ardee Industries IPO Promoters
- Esha Gupta
- Mikunj Aggarwal
- Sandeep Aggarwal
Promoters Holding
Holding Pre Issue
100.00%
Holding Post Issue
74.51%
Ardee Industries IPO Objective
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects.
- Funding incremental working capital requirement of our Company
- Repayment and/or pre-payment, in full or in part, of certain borrowings availed by our Company
- General corporate purposes
Ardee Industries Limited Address / Contact Details
Ardee Industries Limited
Khasra No. 340, 1st Floor and 3rd Floor,
Village Sultanpur, Mehrauli, Gadaipur,
Delhi, New Delhi, 11003
Tel: +91 11 4760 0214
E-mail Id:cs@ardeeindustries.com
Website:http://www.ardeeindu/
IPO Snapshot
Ardee Industries IPO Lot Size
The Ardee Industries IPO has a lot size of 281 shares. Retail investors require a minimum investment of ₹14,893 by applying for 1 lot (281 shares). The maximum application allowed for the retail category is 13 lots (3,653 shares), requiring an investment of ₹1,93,609.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 281 | 14,893.00 |
| Retail (Max) | 13 | 3,653 | 193,609.00 |
| S-HNI (Min) | 14 | 3,934 | 208,502.00 |
| S-HNI (Max) | 67 | 18,827 | 997,831.00 |
| B-HNI (Min) | 68 | 19,108 | 1,012,724.00 |
Issue Reservation
- QIB — 28.13%
- NII — 21.56%
- RII — 50.31%
Book Running Lead Managers
- Pantomath Capital Advisors Pvt Ltd
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Ardee Industries IPO?
Ardee Industries IPO is a Book-building IPO with a total issue size of ₹425.87 crore. The Ardee Industries IPO price band is ₹50 to 53 per share. The Ardee Industries IPO subscription opens on Wed, Aug 5, 2026, and closes on Fri, Aug 7, 2026. The Ardee Industries IPO will be listed on the BSE,NSE. KFin Technologies Limited is the registrar for the Ardee Industries IPO.
When will the Ardee Industries IPO open for subscription?
The Ardee Industries IPO opens on Wed, Aug 5, 2026 and closes on Fri, Aug 7, 2026
What is Ardee Industries IPO Price Band?
Ardee Industries IPO Price Band is ₹50 to 53 per share.
What is Ardee Industries IPO Lot Size?
Ardee Industries IPO lot size is 281 shares, Retail investors need a minimum investment of ₹14893 based on the upper price band
What is the minimum investment for Ardee Industries IPO?
The minimum investment for Ardee Industries IPO is ₹14893, based on one lot of 281 shares at the upper price band of ₹53 per share.
How to apply for Ardee Industries IPO?
Investors can apply for the Ardee Industries IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Fri, Aug 7, 2026. The application amount remains blocked until the Ardee Industries IPO allotment is finalized.
What is Ardee Industries IPO Issue Size?
Ardee Industries IPO issue size is ₹425.87 crores.
What is the Ardee Industries IPO Allotment Date?
Ardee Industries IPO allotment date is Mon, Aug 10, 2026.
Who is the Ardee Industries IPO Registrar?
The registrar for Ardee Industries IPO is KFin Technologies Limited. Investors can go to KFin Technologies Limited website to check Ardee Industries IPO allotment status, refund processing, and other IPO-related information.
What is the Ardee Industries IPO GMP?
The Ardee Industries IPO GMP (Grey Market Premium) is ₹13 as of Thu, Jul 30, 2026. Based on the upper price band of ₹53 per share, the estimated Ardee Industries IPO listing price is ₹66, indicating a potential listing gain of approximately 24.53% over the issue price.
Who is the Ardee Industries IPO Lead Manager?
The book-running lead managers (BRLMs) for the Ardee Industries IPO are . The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Ardee Industries IPO Red Herring Prospectus (RHP).