Ardee Industries IPO
Ardee Industries IPO
Overview
Ardee Industries IPO is a book build issue of ₹425.87 crores. The issue is a combination of fresh issue of 6.04 crore shares aggregating to ₹320.00 crores and offer for sale of 2.00 crore shares aggregating to ₹105.87 crores. Ardee Industries IPO opens for subscription on Aug 5, 2026 and closes on Aug 7, 2026. The allotment for the Ardee Industries IPO is expected to be finalized on Aug 10, 2026. Ardee Industries IPO will list on NSE and BSE with a tentative listing date fixed as Aug 12, 2026. Ardee Industries IPO is set issue price band at ₹50 to ₹53 per share. The lot size for an application is 281 shares. The minimum amount of investment required by an individual investor (retail) is ₹14,893 (281 shares) (based on upper price). Pantomath Capital Advisors Pvt.Ltd. is the book running lead managerand Kfin Technologies Ltd. is the registrar of the issue.
Total Shares
8,03,52,358
Issue Size
₹426 Cr
Price Band
₹50 – ₹53
Lot Size
281 shares
Min. Investment
₹14,893
Max. Investment
₹1,93,609
Open Date
05 Aug, 2026
Close Date
07 Aug, 2026
Allotment
10 Aug, 2026
Listing
12 Aug, 2026
Max. Investment
₹1,93,609
Announced
05 Aug, 2026
Opening Date
05 Aug, 2026
Closing Date
07 Aug, 2026
Basis of Allotment
10 Aug, 2026
Initiation of Refunds
11 Aug, 2026
Credit of Shares
11 Aug, 2026
Listing Date
12 Aug, 2026
Live GMP
Est. Listing: ₹66
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About Ardee Industries IPO
Incorporated in 1993, Ardee Industries Limited is a prominent Indian company, with a core focus on the sustainable recovery and recycling of end-of-life energy storage products and non-ferrous scrap.
Its product range includes high-purity lead and specialised lead alloys such as lead calcium, lead antimony, lead tin, lead silver, and lead cadmium alloys. These products are widely used across key sectors, including energy storage, e-mobility, automotive, and chemicals.
As of March
Ardee Industries IPO Share Price
Issue Breakdown
Shareholding
Dilution: 23.7% increase in shares
Ardee Industries IPO Financial Health
Ardee Industries Ltd.'s revenue increased by 57% and profit after tax (PAT) rose by 155% between the financial year ending with March 31, 2026 and March 31, 2025.
Ardee Industries IPO Lot Size
Investors can bid for a minimum of 281 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 281 | ₹14,893 |
| Retail (Max) | 13 | 3653 | ₹1,93,609 |
| S-HNI (Min) | 14 | 3934 | ₹2,08,502 |
| S-HNI (Max) | 67 | 18827 | ₹9,97,831 |
| B-HNI (Min) | 68 | 19108 | ₹10,12,724 |
(All values in CR)
Ardee Industries IPO Valuations
| Metric | Value |
|---|---|
| ROE | 81 |
| ROCE | 44.26 |
| Debt/Equity | 1.25 |
| RoNW | 57.46 |
| PAT Margin | 7.25 |
| EBITDA Margin | 12.60 |
| NAV | 5.78 |
| Price to Book Value | - |
(All values in CR)
Ardee Industries IPO Strength & Risk
Ardee Industries IPO: Strengths
- One of India's leading refined lead and lead alloy manufacturers, operating in the circular economy through battery recycling.
- Strong financial performance, with 34.3% revenue CAGR between FY23 and FY25, reflecting healthy business growth.
- Expanded refining capacity to 104,025 MTPA, supporting future production and revenue growth.
- Diversified raw material sourcing from more than 50 countries, reducing supply chain concentration risks.
- Effective commodity hedging strategy helps manage fluctuations in lead prices and protects margins.
- Manufacturing facilities are strategically located near key customers and ports, improving operational efficiency and logistics.
Ardee Industries IPO: Risks
- Significant dependence on a few large customers, with the loss of a major client potentially impacting revenue.
- Business performance is closely linked to the automotive battery and lead recycling industries, making it cyclical.
- Exposure to fluctuations in lead prices and availability of scrap batteries may affect profitability.
- Operations require substantial working capital and continuous investment in capacity expansion.
- Faces intense competition from both organized and unorganized players in the lead recycling industry.
- Environmental regulations related to hazardous waste handling and recycling could increase compliance costs or affect operations.
Ardee Industries IPO GMP
Ardee Industries IPO last GMP is ₹13, last updated Jul 30th 2026 06:54 AM. With the upper price band of ₹53.00, Ardee Industries IPO's estimated listing price is ₹66 (cap price + today's GMP). The expected percentage gain/loss per share is 24.53%. >> Ardee Industries IPO Retail Subject to Sauda: ₹2800 >> Ardee Industries IPO Small HNI Subject to Sauda: ₹39200 During this period, the GMP ranged from a low of ₹0.00 to a high of ₹13.00.
Last updated 30 Jul, 2026 · Source: aggregated grey-market dealers
| Date | IPO Price | GMP | Sub2 Sauda | Est. Listing | Est. Profit | Updated |
|---|---|---|---|---|---|---|
| 30 Jul, 2026 | 53 | ₹13 | - | ₹66 (24.53%) | 3653 | 30 Jul, 2026 |
| 29 Jul, 2026 | 53 | ₹13▲ | - | ₹66 (24.53%) | 3653 | 29 Jul, 2026 |
| 28 Jul, 2026 | 0 | ₹0 | - | ₹ (0.00%) | - | 28 Jul, 2026 |
| 27 Jul, 2026 | 0 | ₹0 | - | ₹ (0.00%) | - | 27 Jul, 2026 |
| 26 Jul, 2026 | 0 | ₹0 | - | ₹ (0.00%) | - | 26 Jul, 2026 |
| 25 Jul, 2026 | 0 | ₹0 | - | ₹ (0.00%) | - | 25 Jul, 2026 |
| 24 Jul, 2026 | 0 | ₹0 | - | ₹ (%) | - | 24 Jul, 2026 |
Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.
How to Apply for Ardee Industries IPO
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Go to IPO Section
Find Ardee Industries IPO under the IPO section. Select it and enter your bid details — choose lot size and price (cut-off price recommended).
Enter UPI ID and Submit
Provide your UPI ID linked to your bank account and submit the application.
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Open your UPI app (Google Pay, PhonePe, Paytm, BHIM) and approve the IPO payment request.
Application Confirmed
Your funds will be blocked in your account until the IPO allotment process is completed.