Ardee Industries IPO
Get the latest Ardee Industries IPO details, including issue size, price band, lot size, IPO dates, GMP, subscription status, allotment, listing date, financials, review, and key investment information.
Ardee Industries IPO Details
Ardee Industries IPO opens for subscription on Aug 5, 2026 and closes on Aug 7, 2026. The allotment for the Ardee Industries IPO is expected to be finalized on Aug 10, 2026. Ardee Industries IPO will list on NSE and BSE with a tentative listing date fixed as Aug 12, 2026.
Ardee Industries IPO Timeline (Tentative)
The timeline below provides the important dates for the Ardee Industries IPO, including the IPO opening and closing dates, allotment, refunds, demat credit, and listing schedule.
| Event | Tentative Date |
|---|---|
| IPO Open Date | Wed, Aug 5, 2026 |
| IPO Close Date | Fri, Aug 7, 2026 |
| Basis of Allotment | Mon, Aug 10, 2026 |
| Initiation of Refunds | Tue, Aug 11, 2026 |
| Credit of Shares to Demat | Tue, Aug 11, 2026 |
| Listing Date | Wed, Aug 12, 2026 |
| IPO Opens | August 5, 2026 |
| IPO Closes | August 7, 2026 |
| Basis of Allotment | August 10, 2026 |
| Refund Initiation | August 11, 2026 |
| Shares Credited to Demat | August 11, 2026 |
| Listing Date | August 12, 2026 |
Ardee Industries IPO Lot Size
Investors can bid for a minimum of 281 shares and in multiples thereof.
| 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
The Ardee Industries IPO reserves 50% for QIBs, 15% for NIIs and 35% for retail investors.
Ardee Industries IPO Subscription
The subscription status indicates the demand received from Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs), and Retail Individual Investors (RIIs) during the IPO bidding period. Since the issue has not yet opened, the subscription figures will be updated after bidding begins.
| Category | Subscription (times) |
|---|---|
| QIB | To be Updated |
| NII/HNI | To be Updated |
| Retail | To be Updated |
| Total | To be Updated |
About Ardee Industries
Incorporated in 1993, Ardee Industries Limited is a prominent Indian company, with a core focus 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.
As of March 31, 2025, Ardee Industries has served over 50 customers across domestic and international markets, spanning 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.
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 for quality management, ISO 14001:2015 for environmental management, and ISO 45001:2018 for occupational health and safety.
Competitive strengths:
- One of India’s leading players in circular economy with a proven track record with 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.
Strengths
- Leading player in the recycling of lead and non-ferrous metals.
- Strong revenue and profit growth over the last three financial years.
- Focus on the growing circular economy and sustainable resource recovery.
- Diverse customer base across automotive, energy storage, e-mobility, and industrial sectors.
- Fresh issue proceeds to support working capital and debt reduction.
- Experienced management team with industry expertise.
- Established manufacturing and recycling infrastructure.
Risks to Consider
- Business performance depends on the availability of recyclable raw materials.
- Fluctuations in lead and non-ferrous metal prices may impact profitability.
- Environmental and regulatory compliance requirements are significant.
- Operations are capital-intensive and require continuous investment.
- Dependence on industrial and automotive sector demand.
- Competition from domestic and international metal recyclers.
- Investors should carefully review the Risk Factors section of the Red Herring Prospectus (RHP) before making an investment decision.
Ardee Industries Financials (₹ Cr)
The following table presents the key financial highlights of Ardee Industries, including revenue, profit after tax (PAT), total assets, and net worth for the reported financial years. These figures help investors evaluate the company's financial performance before investing in the IPO.
| Period | Revenue | PAT | Total Assets | Net Worth |
|---|---|---|---|---|
| FY2025 | 743.53 | 33.27 | 65.93 | 62.60 |
| FY2024 | 463.39 | 8.95 | 28.06 | 29.25 |
| FY2023 | 411.84 | 8.57 | 22.76 | 20.22 |
KPIs & Valuation
The following key financial and valuation metrics help investors assess the company's profitability, operational efficiency, leverage, and overall valuation before making an investment decision.
Objects of the Issue
The net proceeds from the fresh issue are proposed to be utilized for the objectives specified in the Red Herring Prospectus (RHP). These objectives are intended to support the company's future growth plans, strengthen its balance sheet, and improve operational efficiency.
- Repayment or prepayment of certain outstanding borrowings.
- Funding working capital requirements.
- Capital expenditure for expanding recycling and manufacturing facilities.
- Investment in plant, machinery, and technology upgrades.
- General corporate purposes.
Promoters, Lead Managers & Registrar
The table below provides details of the promoters and key intermediaries associated with the Ardee Industries IPO. These entities are responsible for managing the IPO process, ensuring regulatory compliance, coordinating with investors, and completing the share allotment process.
Promoters
Lead Managers (BRLM)
Ardee Industries IPO Review
Ardee Industries Limited operates in the recycling and manufacturing sector with a focus on recovering lead and non-ferrous metals from end-of-life batteries and metal scrap. The company benefits from the increasing demand for sustainable recycling solutions and the growing adoption of circular economy practices in India.
The company has demonstrated strong revenue growth and improving profitability in recent years. Its established customer base, integrated recycling operations, and expanding production capacity provide opportunities for long-term business growth.
However, investors should also consider factors such as volatility in metal prices, environmental compliance requirements, dependence on raw material availability, capital-intensive operations, and industry competition. Investors are advised to evaluate the company's financial performance, valuation, business prospects, and the Red Herring Prospectus (RHP) before making an investment decision.
How to Apply
Investors can apply for the Ardee Industries IPO through the ASBA (Application Supported by Blocked Amount) facility offered by banks or through the UPI-based IPO application process available on registered stock broker platforms.
Step 1: Log in to Your Trading Account
Sign in to your stock broker's website or mobile application that supports IPO investments.
Step 2: Select the IPO
Navigate to the IPO section and choose Ardee Industries IPO from the list of available public issues.
Step 3: Enter Bid Details
Select the number of lots you wish to apply for and enter your preferred bid price within the specified price band. Retail investors may also choose the cut-off price where available.
Step 4: Submit UPI ID or Use ASBA
Enter your UPI ID for payment authorization or apply through your bank's ASBA facility using net banking.
Step 5: Submit the Application
Verify all the entered details carefully and submit your IPO application before the issue closes.
Step 6: Approve the UPI Mandate
If applying through UPI, approve the payment mandate request in your UPI application before the specified deadline. For ASBA applications, the application amount remains blocked in your bank account until the allotment process is completed.
Step 7: Check Allotment Status
Once the basis of allotment is finalized, investors can check the allotment status through the registrar's website or the IPO allotment section on TheTopStockBroker.
Prospectus & Documents
The following documents provide comprehensive information about the Ardee Industries IPO, including the company's business operations, financial statements, risk factors, objects of the issue, and other statutory disclosures. Investors should carefully review these official documents before making an investment decision.
Last updated Jul 30, 2026.