Ardee Industries IPO Price: ₹50 to ₹53 per share
IPO Dates: 05 Aug to 07 Aug, 2026
Company Overview
Incorporated in 1993, Ardee Industries Limited is an Indian company focused on the sustainable recovery and recycling of end-of-life energy storage products and non-ferrous scrap.
Its product portfolio 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 used across the energy storage, e-mobility, automotive, and chemicals sectors.
The company owns and operates a manufacturing facility spread across approximately 7.61 acres in Tirupati district, Andhra Pradesh, with an installed production capacity of 104,025 MTPA. The facility is equipped with lead recycling infrastructure, including rotary furnaces, refining kettles, casting systems, and pollution control mechanisms. It is certified under ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018.
Business Operations
The company is engaged in the recovery and recycling of end-of-life energy storage products and non-ferrous scrap to manufacture high-purity lead and specialised lead alloys.
Its products include:
- High-purity lead.
- Lead calcium alloys.
- Lead antimony alloys.
- Lead tin alloys.
- Lead silver alloys.
- Lead cadmium alloys.
These products cater to the energy storage, e-mobility, automotive, and chemicals industries.
Market Position
The company is one of India’s leading players in the circular economy, with a proven track record in sustainable lead recycling and operational stability.
Customer Base
As of March 31, 2025, the company had served more than 50 customers across domestic and international markets in the battery and metals industries.
Global Presence
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.
Competitive Strengths
- One of India’s leading players in the circular economy with a proven track record and demonstrated operational stability.
- Application of hedging mechanisms to manage commodity price risk.
- Strong customer base supported by robust raw material sourcing capabilities.
- Consistent track record of profitability and financial performance.
- Experienced promoters and professional management team.
Bidding Starts In
Ardee Industries IPO Specifics:
| IPO Date | 5 to 7 Aug, 2026 |
| Listing Date | Wed, Aug 12, 2026 |
| Face Value | ₹2 per share |
| Price Band | ₹50 to ₹53 |
| Lot Size | 281 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size |
8,03,51,950 shares (agg. up to ₹426 Cr) |
| Fresh Issue |
6,03,76,950 shares (agg. up to ₹320 Cr) |
| Offer for Sale |
1,99,75,000 shares of ₹2 (agg. up to ₹106 Cr) |
| Share Holding Pre Issue | 25,48,24,000 shares |
| Share Holding Post Issue | 31,52,00,950 shares |
Ardee Industries IPO Timetable (Important Dates)
| Event | Date |
|---|---|
| IPO Open | Wed, Aug 5, 2026 |
| IPO Close | Fri, Aug 7, 2026 |
| Allotment | Mon, Aug 10, 2026 |
| Refund | Tue, Aug 11, 2026 |
| Credit of Shares | Tue, Aug 11, 2026 |
| Listing | Wed, Aug 12, 2026 |
Ardee Industries IPO Lot Size
Bidders have the opportunity to bid for a minimum of 281 shares, with the option to increase in multiples. The table below outlines the minimum and maximum investment thresholds for both retail investors and High Net Worth Individuals (HNIs), specifying the corresponding number of shares and amounts involved.
| 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 |
Ardee Industries IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not more than 35% of the Net Issue |
| NII Shares Offered | Not less than 15% of the Net Issue |
Ardee Industries IPO Financial Information
| Particulars (₹ Cr) | 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 & Surplus | 96.42 | 59.42 | 26.06 |
| Total Borrowing | 182.75 | 165.77 | 142.36 |
Key Performance Indicator – Ardee Industries IPO
| KPI | Value |
|---|---|
| ROE | 81% |
| ROCE | 44.26% |
| Debt/Equity | 1.25 |
| RoNW | 57.46% |
| PAT Margin | 7.25% |
| EBITDA Margin | 12.60% |
| EPS (₹) | 3.32 |
| P/E (x) | 15.96 |
| Market Cap | ₹1350.57 Cr. |
Prospectus Links:
Prospectus: Official documents that provide detailed information about the IPO and the company.
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