Ardee Industries IPO Review: Issue Size, Business Overview, Financials & Key Details

 

A Quick Summary

Ardee Industries IPO is a book-built SME IPO of ₹425.87 crore consisting of a fresh issue of ₹320 crore and an offer for sale of ₹105.87 crore. The IPO is scheduled to open from 5 August 2026 to 7 August 2026.

Ardee Industries Limited is engaged in recycling and recovery of lead-based materials and non-ferrous metal scrap. The company manufactures refined lead and specialised lead alloys used in battery manufacturing, automotive, electric mobility, energy storage, and chemical industries. The equity shares will be listed on BSE and NSE.

 

Ardee Industries IPO: Key Details

 

Particulars	Details
IPO Type	Book Build Issue
IPO Size	₹425.87 Cr
Fresh Issue	₹320.00 Cr
Offer for Sale	₹105.87 Cr
Price Band	₹50.00 - ₹53.00 per share
Face Value	₹2 Per Equity Share
Lot Size	281 Shares
Minimum Investment	₹14,893
IPO Opens	5th Aug 2026
IPO Closes	7th Aug 2026
Allotment Date	10th Aug 2026
Refunds Initiated	11th Aug 2026
Credit to Demat	11th Aug 2026
Listing Date	12th Aug 2026
Listing Exchange	BSE & NSE
Registrar	KFin Technologies Ltd.
Lead Managers	Pantomath Capital Advisors Pvt. Ltd.
GMP*	-
Subscription	-

*Note: GMP is indicative and may change based on market conditions.

For complete information about the company, financial performance, IPO timeline, subscription details, and other updates, check the detailed Ardee Industries Limited IPO page.

 

About Ardee Industries Limited

Incorporated in 1993, Ardee Industries Limited operates in the metal recycling and recovery sector. The company focuses on sustainable processing of end-of-life energy storage products and converts recyclable materials into value-added industrial products.

The company manufactures refined lead and alloys including lead calcium, lead antimony, lead tin, lead silver, and lead cadmium alloys. It serves industries such as batteries, automotive components, electric mobility, and energy storage.

The company operates an integrated manufacturing facility in Tirupati, Andhra Pradesh, spread across approximately 7.61 acres with an installed capacity of 104,025 MTPA.

 

Ardee Industries IPO Structure & Objectives

The IPO includes a fresh issue of ₹320 crore and an offer for sale of ₹105.87 crore.

IPO proceeds will be utilised for:

• Funding incremental working capital requirements – ₹220 crore
• Repayment/prepayment of borrowings – ₹20 crore
• General corporate purposes

 

Strong Financial Performance

 

Particulars (₹ Crore)	FY26	FY25	FY24
Assets	363.33	262.06	196.12
Total Income	1,168.88	743.53	463.39
Profit After Tax	84.68	33.27	8.95
EBITDA	147.08	65.93	28.06
Net Worth	147.38	62.6	29.25
Reserves & Surplus	96.42	59.42	26.06
Total Borrowing	182.75	165.77	142.36

Key highlights:

• Revenue and profitability increased significantly.
• PAT grew from ₹8.95 crore in FY24 to ₹84.68 crore in FY26.
• EBITDA improved with operational growth.

 

Risks Investors Should Know

• Metal prices and raw material costs may impact profitability.
• The business operates in a competitive recycling industry.
• Regulatory changes related to environmental compliance may affect operations.
• Dependence on industrial demand may influence growth.

Investors should review the RHP and company fundamentals before investing.

 

Three Important IPO Facts

• ₹425.87 Crore Issue Size: Ardee Industries IPO includes fresh issue and OFS components.
• Metal Recycling Business: The company operates in lead recycling and sustainable metal processing.
• Strong Growth: Revenue increased from ₹463.39 crore in FY24 to ₹1,168.88 crore in FY26.

 

Summary

Ardee Industries Limited has established itself in India’s metal recycling ecosystem with an integrated manufacturing facility and diversified customer base. The IPO provides investors exposure to the growing recycling and battery supply chain sector.

However, investors should evaluate financial performance, industry risks, valuation, and future growth prospects before subscribing.

Disclaimer: This article is for informational purposes only and should not be considered investment advice. IPO details, GMP, subscription data, and market information may change. Investors should consult SEBI registered financial advisors before making investment decisions.