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Ardee Industries Limited IPO
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Latest GMP
- Lead Manager
- citigroup Global Markets India Private Limited
- IPO Registrar
- KFin Technologies Limited
- IPO Open Date
- 5th Aug 2026
- IPO Close Date
- 7th Aug 2026
- Allotment date
- 10th Aug 2026
- Listing date
- 12th Aug 2026
- Issue Size
- ₹ 426 Cr.
- Issue Price Band
- ₹ 50 to 53
- Lot Size
- 281 Share
- Minimum Investment
- ₹ 14893
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 Industries Limited
Incorporated in 1993, Ardee Industries Limited is a prominent Indian company focused 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.
Customer Base & Exports
As of March 31, 2025, Ardee Industries has served over 50 customers across domestic and international markets in the battery and metals industries.
The company has exported its products to seven countries, including Singapore, Hong Kong, South Korea, Switzerland, the United Arab Emirates, Japan, and the United States of America.
Manufacturing Facility
The company owns and operates a manufacturing facility spread across approximately 7.61 acres in Tirupati district, Andhra Pradesh, with an installed capacity of 104,025 MTPA.
The facility is equipped with advanced lead recycling infrastructure, including rotary furnaces, refining kettles, casting systems, and comprehensive pollution control mechanisms.
It is certified under:
- ISO 9001:2015 (Quality Management)
- ISO 14001:2015 (Environmental Management)
- ISO 45001:2018 (Occupational Health and Safety)
Competitive Strengths
- One of India’s leading players in the circular economy with a proven track record and demonstrated operational stability
- Application of hedging mechanism for commodity price risk-related protection
- Strong customer base along with robust raw materials sourcing capabilities
- Track record of profitability and consistent financial performance
- Experienced promoters and professional management team
IPO Subscription Details
| Category | Shares Offered | Shares Applied | Subscription Times (x) |
|---|---|---|---|
| QIB (Ex Anchor) | 1,64,35,297 (28.13%) | 3,25,04,36,028 | 197.77 |
| NII | 1,25,96,166 (21.56%) | 3,21,50,58,971 | 255.24 |
| bNII (> ₹10L) | 83,97,444 (14.37%) | 2,32,91,23,014 | 277.36 |
| sNII (< ₹10L) | 41,98,722 (7.19%) | 88,59,35,957 | 211.00 |
| Retail | 2,93,91,053 (50.31%) | 1,34,33,24,434 | 45.71 |
| Total | 5,84,22,516 (100.00%) | 7,80,88,19,433 | 133.66 |
Grey Market Premium (GMP)
| GMP Date | IPO Price | GMP | Estimated Listing Price | Estimated Profit* | Last Updated |
|---|---|---|---|---|---|
| 11-08-2026 | ₹53 | ₹13.5 | ₹66.5 ( 25.47% ) | ₹3,793.50 | 11-Aug-2026 10:28 AM |
| 10-08-2026 | ₹53 | ₹16 | ₹69 ( 30.19% ) | ₹4,496.00 | 10-Aug-2026 10:36 AM |
| 08-08-2026 | ₹53 | ₹15 | ₹68 ( 28.30% ) | ₹4,215.00 | 08-Aug-2026 10:24 AM |
| 07-08-2026 | ₹53 | ₹13 | ₹66 ( 24.53% ) | ₹3,653.00 | 07-Aug-2026 10:30 AM |
| 06-08-2026 | ₹53 | ₹15.25 | ₹68.25 ( 28.77% ) | ₹4,285.25 | 06-Aug-2026 10:26 AM |
| 05-08-2026 | ₹53 | ₹15 | ₹68 ( 28.30% ) | ₹4,215.00 | 05-Aug-2026 01:53 PM |
Financials of Ardee Industries Limited
A quick overview of the key financial performance of Ardee Industries Limited.
Total Assets (₹ Cr)
Revenue (₹ Cr)
Profit after Tax (₹ Cr)
*All values are in Rs. Cr
Company Financials
Revenue increased by 57%, Profit after Tax (PAT) increased by 155%, Total Assets increased by 39% between FY2025 and FY2026.
| Period Ended | FY2024 | FY2025 | FY2026 |
|---|---|---|---|
| Revenue | 463.39 | 743.53 | 1,168.88 |
| Assets | 196.12 | 262.06 | 363.33 |
| Total Income | 463.39 | 743.53 | 1,168.88 |
| Profit After Tax | 8.95 | 33.27 | 84.68 |
| EBITDA | 28.06 | 65.93 | 147.08 |
| Net Worth | 29.25 | 62.60 | 147.38 |
| Reserves & Surplus | 26.06 | 59.42 | 96.42 |
| Total Borrowings | 142.36 | 165.77 | 182.75 |
IPO Lot Size
Application
Lots
Shares
Amount
Retail (Min)
1
281
₹ 14,893
Retail (Max)
13
3,653
₹ 1,93,609
S-HNI (Min)
14
3,934
₹ 2,08,502
S-HNI (Max)
67
18,827
₹ 9,97,831
B-HNI (Min)
68
19,108
₹ 10,12,724
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 281 | ₹ 14,893 |
| Retail (Max) | 13 | 3,653 | ₹ 1,93,609 |
| S-HNI (Min) | 14 | 3,934 | ₹ 2,08,502 |
| S-HNI (Max) | 67 | 18,827 | ₹ 9,97,831 |
| B-HNI (Min) | 68 | 19,108 | ₹ 10,12,724 |
Key Performance Indicators (KPI)
| KPI | Latest |
|---|---|
| ROE (%) | 81 |
| ROCE (%) | 44.26 |
| Debt / Equity | 1.25 |
| RoNW (%) | 57.46 |
| PAT Margin (%) | 7.25 |
| EBITDA Margin (%) | 12.6 |
|
Pre IPO
Post IPO
|
|
| EPS (₹) |
3.32
-
|
| P/E (x) |
-
-
|
| Promoter Holding (%) |
91.48
-
|
| Market Cap | 1350.57 |
IPO Lead Manager(s)
Lead Manager Details
- citigroup Global Markets India Private Limited
- Contact Person: Ashish Baid / Ritu Agarwal
- SEBI Registration Number: INM000012110
- Investor Grievance Email: investors@pantomathgroup.com
- Website: https://www.pantomathcapital.com
- Email: ardeeindustries.ipo@pantomathgroup.com
- Phone: 1800 889 8711
- Address: Pantomath Nucleus House, Saki Vihar Road, Andheri East, Mumbai 400 072, Maharashtra, India
IPO Registrar
- Registrar Name
- KFin Technologies Limited
- Phone
- +91 40 6716 2222 / 1800 309 4001
- Contact Person
- M Murali Krishna
- SEBI Registration Number
- INR000000221
- Address
- Selenium, Tower B, Plot No. 31 and 32, Gachibowli, Financial District, Nanakramguda, Serilingampally, Hyderabad 500 032, Telangana, India
- Website
- https://www.kfintech.com/
Company Contact Details
- Company Name
- Ardee Industries Limited
- cs@ardeeindustries.com
- Phone
- +91 11 4760 0214
- Contact Person
- Manish Kumar Rai
- Corporate Identity Number
- U24294DL1993PLC405804
- Address
- Khasra No. 340, 1st Floor and 3rd Floor, Village Sultanpur, Mehrauli, Gadaipur, New Delhi 110030, India
- Website
- https://ardeeindustries.com/
Ardee Industries Limited FAQs
