ARDEE INDUSTRIES LIMITED
₹ 50 - ₹ 53
05-Aug-2026 - 07-Aug-2026
₹ 14893.00

/ 281 Shares

ARDEE INDUSTRIES LIMITED

05-Aug-2026 - 07-Aug-2026

₹ 50 - ₹ 53

Price Band

₹ 14893.00

Minimum Investment

281

Bid Lot

80,352,358

Shares

  • Face Value - ₹ 2/- Per Share

  • Listing at NSE BSE

  • 100,083 Application Required in Retail for 1 Time.

  • Registrar : KFin Technologies Limited

IPO Details

Fresh Issue of Equity Shares aggregating upto RS.320 Cr and Offer for Sale of 1,99,75,000 Equity Shares

Category % Shares/Amount
QIB 50% 40,175,974 Shares RS.212.93 CR
HNI 1 5% 4,017,598 Shares RS.21.29 CR @ 1021 FORM 1X
HNI 2 10% 8,035,195 Shares RS.42.59 CR @ 2042 FORM 1X
Retail 35% 28,123,183 Shares RS.149.05 CR @ 100082 FORM 1X

BRLMs: Pantomath Capital Advisors

Application Require for 1 Time

Retail (Upto 2 Lakh) HNI (2 Lakh to 10 Lakh) HNI (Above 10 Lakh)
100082 FORM 1X 1021 FORM 1X 2042 FORM 1X

IPO Lot Size

Category Lots Shares Amount
Retail (Upto 2 Lakh) 1 281 ₹ 14,893
Retail (Upto 2 Lakh) 13 3653 ₹ 193,609
S-HNI (2 Lakh to 10 Lakh) 14 3934 ₹ 208,502
S-HNI (2 Lakh to 10 Lakh) 67 18827 ₹ 997,831
B-HNI (Above 10 Lakh) 68 19108 ₹ 1,012,724

IPO Timeline

  • Open Date

    05-Aug-2026

  • Close Date

    07-Aug-2026

  • Basis of Allotment Date

    10-Aug-2026

  • Initiation of Refunds

    11-Aug-2026

  • Credit Shares to Demat A/c

    11-Aug-2026

  • IPO Listing Date

    12-Aug-2026

Subscription as on
06-Aug-2026 17:39

Category Book Size Subscription No. of Times
QIB 16,070,472 ₹ 85.17 Cr. 19,987,249 ₹ 105.93 Cr. 1.24x
HNI (<10 LAKH) 4,017,598 ₹ 21.29 Cr. 112,488,234 ₹ 596.19 Cr. 28.00x
HNI2 (>10 LAKH) 8,035,195 ₹ 42.59 Cr. 196,902,601 ₹ 1043.58 Cr. 24.51x
RETAIL 28,123,325 ₹ 149.05 Cr. 329,132,771 ₹ 1744.40 Cr. 11.70x
Total 56,246,590 658,510,855 11.71x
Category Book Size Subscription No. of Times
QIB 16,070,472 ₹ 85.17 Cr. 19,987,249 ₹ 105.93 Cr. 1.24x
HNI (<10 LAKH) 4,017,598 ₹ 21.29 Cr. 112,488,234 ₹ 596.19 Cr. 28.00x
HNI2 (>10 LAKH) 8,035,195 ₹ 42.59 Cr. 196,902,601 ₹ 1043.58 Cr. 24.51x
RETAIL 28,123,325 ₹ 149.05 Cr. 329,132,771 ₹ 1744.40 Cr. 11.70x
Total 56,246,590 658,510,855 11.71x

*Excluding Anchor

Total No. of Application Approx : ~945245 (9.44 Appwise)

Appwise Subscription
Category Total App App wise
HNIBT 35314.03 1021 (For 1x) 34.59x
HNIAT 11577.58 2042 (For 1x) 5.67x
RETAIL 1192907.00 100082 (For 1x) 11.92x

Disclaimer: The above-mentioned information / data are sourced from the websites of National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) and are subject to change on real time basis. For updated information / data you can visit their respective website. The information / data provided herein above are for information purpose only and provided "AS IS" and "AS AVAILABLE" basis and without warranty, express or implied. We do not guarantee or warrant the accuracy, adequacy or completeness of the information received through the said websites. “We” hold not responsibility of any kind as regard to any discrepancies, errors, omissions, losses or damages. “We” including its affiliates and any of its officers, directors, personnel and employees, shall not liable for any loss, damage of any nature, including but not limited to direct, indirect, punitive, special, exemplary, consequential, as also any loss of profit in any way arising from the use of information / data received through the said websites. The recipient alone shall be fully responsible / are liable for any decision taken on the basis of such information / data. All recipients should before acting upon the said information make their own investigation, seek appropriate professional advice.

About Company

  • q  Incorporated in 2005, Ardee Industries is one of India’s leading players in the circular economy, specializing in the environmentally responsible recovery and recycling of end-of-life energy storage products and non-ferrous scrap. They reclaim critical resources from waste streams and are committed to sustainable practices across the recycled lead value chain, aligning with national goals for green and responsible industrial growth.
  • q  The brand “Ardee” was empanelled with MCX and later with the London Metal Exchange in December 2025, reflecting adherence to stringent international standards of quality, consistency, traceability, and responsible production. They are also active members of ReMA, MRAI, ILDZA, and BIR, which keeps them aligned with global developments in the lead recycling industry.
  • q  Their plant at Naidupet, Andhra Pradesh operates with full CPCB compliance and produces refined lead ingots from scrap. In March 2026, the company was accorded Three-Star Export House status by the Ministry of Commerce & Industry under the Foreign Trade Policy 2023. They procure used lead-acid batteries and lead scraps such as cables, sheets, and drained or wet batteries, converting them into refined lead and alloys.
  • q  Ardee Industries ranks among the top six manufacturers of pure lead and alloys in India and achieved a revenue growth rate of 58.81% over FY24–FY26. They maintain long-standing customer and supplier relationships, supported by a diversified raw material network across 50 countries. Compliance with MoEFCC licensing creates high entry barriers, while investment in low-emission technologies and oxygen enrichment boosts efficiency and reduces emissions.
  • q  The Naidupet plant benefits from strong logistics and port connectivity, enabling cost-efficient material handling and timely global shipments. Their export footprint spans Singapore, Hong Kong, South Korea, Switzerland, UAE, Japan, USA, Vietnam, and Australia.
  • q  The plant is equipped with rotary furnaces, refining kettles, spectrometers, casting machines, and pollution control systems. They operate a modern recycling and refining facility with environmentally compliant technology, sourcing secondary raw materials such as lead scrap and battery scrap both domestically and internationally.
  • q  Ardee Industries manufactures refined lead of 99.97%–99.985% purity in ingots of 23–30 kg, along with alloys such as lead-calcium, lead-antimony, lead-tin, lead-silver, and lead-cadmium. These products serve industries including batteries, cables, coatings etc.
  • q  The company holds ISO 9001:2015, ISO 14001:2015, ISO 45001:2018, and ISO/IEC 17025:2017 certifications, with NABL-accredited testing facilities ensuring product consistency and compliance.
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Strengths

Competitive Strength 

Business Strategies 

 

Company Promoters

Company Financials

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.

Period Ended 31 Mar 2026 31 Mar 2025 31 Mar 2024
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 62.60 29.25
Reserves and Surplus 96.42 59.42 26.06
Total Borrowing 182.75 165.77 142.36
Amount in ? Crore

Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

# Issue Objects Est Amt (? Cr.)
1 Funding incremental working capital requirement of Company 220.00
2 Repayment and/or pre-payment, in full or in part, of certain borrowings availed by Company 20.00
3 General Corporate Purposes  
  Total 240.00

How to Apply

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  • Step 02 :

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  • Step 03 :

    Add quantity of shares to apply – Maximum 3 bids are allowed (For retail category – max amount Rs.2,00,000/-).

  • Step 04 :

    Enter your UPI ID and you will receive mandate on your UPI App.

  • Step 05 :

    Once you accept the mandate, Application is submitted successful.

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