Ardee Industries IPO 2026: Date, Price Band, GMP, Review, Lot Size, Allotment & Listing Date

Ardee Industries Limited IPO
AI
Ardee Industries Limited IPO
Lead Recycling · Circular Economy · Non-Ferrous Scrap · Sustainable Metals
📋 Mainline IPO Fresh + OFS NSE, BSE
₹53
Upper Price
₹425.87 Cr
Issue Size
Aug 12, 2026
Listing Date
₹1,350.57 Cr
Market Cap (Pre)
📅 IPO Timetable
All dates tentative
🟢
IPO Opens
Wednesday, 5 August 2026
Bidding starts — apply before close
🔒
IPO Closes
Friday, 7 August 2026
Last day to bid — closes at 5:00 PM IST
📊
Basis of Allotment
Monday, 10 August 2026
Allotment finalised by registrar
🔄
Refund & Share Credit
Tuesday, 11 August 2026
Unallotted funds returned; shares credited to demat
🏷️
Wednesday, 12 August 2026
Trading begins from 10:00 AM IST
📋 IPO Details
IPO Open Date5 August 2026 (Wed)
IPO Close Date7 August 2026 (Fri)
Listing Date12 August 2026 (Wed)
Face Value₹2 per share
Price Band₹50 to ₹53
Issue Price (Upper Band)₹53 per share
Issue TypeBook Build — Fresh + OFS
Lot Size281 shares
Total Issue Size8,03,51,950 shares (₹425.87 Cr)
Fresh Issue6,03,76,950 shares (₹320.00 Cr)
Offer for Sale (OFS)1,99,75,000 shares (₹105.87 Cr)
Pre-Issue Shares25,48,24,000
Post-Issue Shares31,52,00,950
Promoter Holding (Pre)100.00%
Market Cap (Pre-IPO)₹1,350.57 Cr
Listing ExchangeNSE, BSE
Lead ManagerPantomath Capital Advisors
RegistrarKfin Technologies Ltd.
💰 Lot Size & Minimum Investment
At upper price ₹53
Investor TypeLotsSharesAmount
Retail — Minimum1281₹14,893
Retail — Maximum133,653₹1,93,609
S-HNI (sNII) — Min143,934₹2,08,502
S-HNI (sNII) — Max6718,827₹9,97,831
B-HNI (bNII) — Min6819,108₹10,12,724
⚠️ Note: Investors can bid for a minimum of 281 shares and in multiples thereof. Retail individual investors can apply up to ₹2,00,000.
👥 Investor Reservation
Allocated portion of Net Offer
Not more than 50%
QIB Portion
Not more than 35%
Retail Portion
Not less than 15%
NII Portion
📊 Subscription Status
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📈 Company Financials
Restated Consolidated · ₹ Crore
Metric31 Mar 202631 Mar 202531 Mar 2024
Total Assets363.33262.06196.12
Total Income1,168.88743.53463.39
PAT84.6833.278.95
EBITDA147.0865.9328.06
Net Worth147.3862.6029.25
Reserves & Surplus96.4259.4226.06
Total Borrowing182.75165.77142.36
Income Growth
FY 2023–24₹463.39 Cr
FY 2024–25₹743.53 Cr
FY 2025–26₹1,168.88 Cr
🎯 Key Performance Indicators
81.00%
ROE
FY 2025–26
1.25
Debt/Equity
FY 2025–26
44.26%
ROCE
FY 2025–26
7.25%
PAT Margin
FY 2025–26
12.60%
EBITDA Margin
FY 2025–26
57.46%
RoNW
FY 2025–26
21.54x
Price/Book
FY 2025–26
104,025
MTPA Capacity
Lead Recycling
⚖️ Valuation & EPS
Pre-IPO EPS
₹3.32
FY26 earnings + pre-issue shares
P/E: 15.96x
Post-IPO EPS
₹2.69
FY26 earnings + post-issue shares
P/E: 19.70x
Price to Book Value
21.54x
At upper price band ₹53
Market Cap (Pre-IPO)
₹1,350.57 Cr
At issue price ₹53
ℹ️ Pre-IPO EPS (₹3.32) is derived from FY26 restated earnings against pre-issue equity (25,48,24,000 shares). Post-IPO EPS (₹2.69) accommodates the dilution metrics from the issuance of 6,03,76,950 fresh equity shares resulting in an expanded post-issue capital base of 31,52,00,950 shares.
🎯 Objects of the Issue
Net proceeds utilisation
1
Funding incremental working capital requirement of Company
₹220.00 Cr
2
Repayment and/or pre-payment, in full or in part, of certain borrowings availed by Company
₹20.00 Cr
3
General Corporate Purposes
Balance
Total Fresh Issue Goal ₹240.00 Cr
🏢 About Ardee Industries Ltd.
Est. 1993 · Delhi, New Delhi · Circular Economy Metals

Ardee Industries Limited, incorporated in 1993, is a robust player operating within India’s circular economy network, specializing predominantly in the sustainable recovery, rigorous refining, and strategic recycling of end-of-life energy storage hardware and high-value non-ferrous scrap resources. Operating complex material recovery ecosystems, the enterprise produces exceptionally high-purity lead alongside an expansive catalog of specialized alloys, including lead calcium, antimony, tin, silver, and cadmium composites utilized universally across the energy storage, heavy automotive, e-mobility, and chemical verticals.

With an expansive operational footprint anchored by a state-of-the-art 7.61-acre manufacturing center in Tirupati district, Andhra Pradesh, Ardee Industries commands an enormous installed processing capacity of 104,025 MTPA. The facility relies on advanced smelting infrastructure containing rotary furnaces, refining kettles, and extensive pollution control arrays meeting critical environmental benchmarks (ISO 14001:2015). Serving over 50 clients domestically, the company maintains active export channels to markets across Singapore, Japan, Switzerland, the UAE, and the USA.

Brand Ecosystem
♻️
Scrap Recovery Ecosystem
Sustainable end-of-life processing for critical energy storage products
🔬
Refined High-Purity Lead
Extraction of industrial-grade lead utilized universally by OEMs
🧪
Specialised Lead Alloys
Calcium, antimony, tin, and silver composites crafted for advanced battery modules
🏭
Tirupati Manufacturing Hub
ISO-certified extraction facility executing an installed yield of 104,025 MTPA
Competitive Strengths
🏆One of India’s leading players in the circular economy delivering extensive operational scale
📈Proprietary application of Hedging Mechanisms to neutralize vast commodity price risk fluctuations
🌍Strong global customer pipelines synergized with highly reliable raw materials sourcing networks
💰Aggressive track record of exponential profitability expanding by 155% across reported fiscals
Company Promoters
EG
Esha Gupta
Promoter, Ardee Industries Ltd.
MA
Mikunj Aggarwal
Promoter, Ardee Industries Ltd.
SA
Sandeep Aggarwal
Promoter, Ardee Industries Ltd.
📅 Key Dates
IPO Opens05 Aug 2026
IPO Closes07 Aug 2026
Allotment10 Aug 2026
Refund & Share Credit11 Aug 2026
Listing Day12 Aug 2026
💡 Quick Summary
Price Band₹50 – ₹53
Upper Price₹53 / share
Lot Size281 shares
Min. Investment (Retail)₹14,893
Issue Size₹425.87 Cr
ListingBSE, NSE
🏦 Registrar & Lead Manager
Registrar
Kfin Technologies Ltd.
📞 040-79615565
[email protected]
Lead Manager
Pantomath Capital Advisors Pvt.Ltd.
📍 Registered Address
Ardee Industries Ltd.
Khasra No. 340, 1st Floor and 3rd Floor,
Village Sultanpur, Mehrauli, Gadaipur,
Delhi, New Delhi — 110030
📞 +91 11 4760 021
[email protected]
🛡️ Regulatory Note: Mainline IPO investments are subject to SEBI regulations. Always read the Prospectus/RHP before applying. Consult a SEBI-registered advisor before investing.
⚠️ Disclaimer: This page presents publicly available information from the Ardee Industries IPO RHP for informational purposes only. It does not constitute investment advice. IPO investments are subject to market risk. Please read all offer documents and consult a SEBI-registered advisor before investing.
📊
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