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Latest GMP
- IPO Registrar
- Bigshare Services Private Limited
- IPO Open Date
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- IPO Close Date
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- Allotment date
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- Listing date
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- Issue Size
- ₹ 580 Cr.
- Issue Price Band
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- Lot Size
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- Minimum Investment
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Disclaimer: IPO details, GMP, subscription figures, and other related information are for informational purposes only and may not always be accurate or up to date. Please verify the latest details from official sources before investing.
About Ardee Engineering Limited
Incorporated in 2020, Ardee Engineering Limited is an integrated design, engineering, and manufacturing company specialising in Pre-Engineered Buildings (PEB), Material Handling Systems (MHS), and Engineering Services.
Business Segments
Pre-Engineered Buildings (PEB)
The company provides design, engineering, manufacturing, and project management for the installation and erection of PEB structures. It has executed projects for JK Cement Limited, RVR Projects Limited, Blue Ocean Biotech Private Limited, SRR Projects Private Limited, and e-commerce and infrastructure companies.
As of December 31, 2024, the company has completed over 100 PEB projects, including warehouses, fulfilment centres, data centres, logistics infrastructure, manufacturing units, airports, schools, and commercial buildings.
Material Handling Systems (MHS)
The company designs, engineers, and constructs customized material handling and processing systems to address bulk material handling challenges in manufacturing. Projects include work for RVR Projects Private Limited and Arcelor Mittal Nippon Steel India Limited.
Engineering Services
The company provides services in heavy structural and precision engineering equipment and electrical instrumentation with automation. It has expanded into the defence and aerospace industries.
Operations & Workforce
The company operates five manufacturing units in Andhra Pradesh and Telangana.
As of December 31, 2024, the company had 678 permanent employees and 246 contract employees.
Order Book & Presence
As of December 31, 2024, the company’s order book stood at ₹8,929.55 million. Over the past 16 years, the company has completed projects across 13 states.
IPO Subscription Details
| Category | Shares Offered | Shares Applied | Subscription Times (x) |
|---|
Grey Market Premium (GMP)
| GMP Date | IPO Price | GMP | Estimated Listing Price | Estimated Profit* | Last Updated |
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Financials of Ardee Engineering Limited
A quick overview of the key financial performance of Ardee Engineering Limited.
Total Assets (₹ Cr)
Revenue (₹ Cr)
Profit after Tax (₹ Cr)
*All values are in Rs. Cr
Company Financials
Revenue decreased by 54%, Profit after Tax (PAT) decreased by 46%, Total Assets increased by 7% between FY2024 and FY2025 (Sep).
| Period Ended | FY2022 | FY2023 | FY2024 | FY2025 (Sep) |
|---|---|---|---|---|
| Revenue | 216.86 | 331.25 | 620.99 | 288.28 |
| Assets | 180.21 | 256.72 | 462.16 | 494.99 |
| Total Income | 217.67 | 331.72 | 622.84 | 289.41 |
| Profit After Tax | 1.29 | 10.91 | 29.11 | 15.60 |
| EBITDA | 9.10 | 24.86 | 60.65 | 35.06 |
| Net Worth | 12.08 | 33.13 | 87.31 | 103.10 |
| Reserves & Surplus | 3.08 | 14.13 | 67.31 | 83.10 |
| Total Borrowings | 74.69 | 103.29 | 185.06 | 189.63 |
IPO Lot Size
IPO lot size details are currently unavailable.
Key Performance Indicators (KPI)
| KPI | Latest |
|---|---|
| ROE (%) | 15.13 |
| ROCE (%) | 11.04 |
| Debt / Equity | 1.61 |
| RoNW (%) | 15.19 |
| PAT Margin (%) | 5.39 |
| EBITDA Margin (%) | 12.11 |
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Pre IPO
Post IPO
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| EPS (₹) |
3.9
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| P/E (x) |
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| Promoter Holding (%) |
99.99
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IPO Lead Manager(s)
Lead Manager Details
- IIFL Capital Services Limited (formerly known as IIFL Securities Limited)
- Contact Person: Yogesh Malpani / Khushi Bhatia
- SEBI Registration Number: INM000010940
- Investor Grievance Email: ig.ib@iiflcap.com
- Website: https://www.iiflcap.com
- Email: ardee.ipo@iiflcap.com
- Phone: +91 22 4646 4728
- Address: 24th Floor, One Lodha Place, Senapati Bapat Marg, Lower Parel (West), Mumbai 400 013, Maharashtra, India
Lead Manager Details
- JM Financial Limited
- Contact Person: Prachee Dhuri
- SEBI Registration Number: INM000010361
- Investor Grievance Email: grievance.ibd@jmfl.com
- Website: https://www.jmfl.com
- Email: ardee.ipo@jmfl.com
- Phone: +91 22 6630 3030
- Address: 7th Floor, Cnergy, Appasaheb Marathe Marg, Prabhadevi, Mumbai 400 025, Maharashtra, India
IPO Registrar
- Registrar Name
- Bigshare Services Private Limited
- ipo@bigshareonline.com
- Phone
- +91 22 6263 8200
- Contact Person
- Vinayak Morbale
- SEBI Registration Number
- INR000001385
- Address
- Office no. S6-2, 6th Floor, Pinnacle Business Park, next to Ahura Centre, Mahakali Caves Road, Andheri East, Mumbai - 400093, Maharashtra, India
- Website
- https://www.bigshareonline.com/
Company Contact Details
- Company Name
- Ardee Engineering Limited
- compliance@ardee.co.in
- Phone
- +91 40 2354 3451
- Contact Person
- Disha Jindal
- Corporate Identity Number
- U29100TG2020PLC141953
- Address
- 8-2-334/K/1, Flat Nos. 101, 102 and 103, Aditya Court, Road No. 5, Banjara Hills, Hyderabad 500 034, Telangana, India
- Website
- www.ardee.co.in
Ardee Engineering Limited FAQs
