Ardee Industries IPO Opens on August 5: Price Band, Financials, GMP, Key Dates and Should You Subscribe?

Ardee Industries IPO will open for subscription on August 5, 2026, and close on August 7, 2026. The company plans to raise around ₹425.87 crore through a book built issue, comprising a fresh issue of ₹320 crore along with an Offer for Sale (OFS) of up to 1.99 crore equity shares. The IPO has been priced in the ₹50 to ₹53 per share band and is scheduled to list on the BSE and NSE on August 12, 2026.

The IPO comes at a time when the company has delivered strong financial growth over the past year. Revenue crossed ₹1,168.88 crore in FY26, while net profit more than doubled to ₹84.68 crore. The proceeds from the fresh issue will primarily be used to strengthen working capital requirements and repay a portion of the company's borrowings. With improving financial performance and exposure to India's growing battery recycling and lead manufacturing industry, the IPO is expected to attract attention from both retail and institutional investors.

Ardee Industries IPO at a Glance

Particulars	Details
IPO Opening Date	August 5, 2026
IPO Closing Date	August 7, 2026
IPO Size	₹425.87 Crore
Fresh Issue	₹320 Crore
Offer for Sale	Up to 1.99 Crore Shares
Price Band	₹50 to ₹53 Per Share
Face Value	₹2 Per Share
Listing Exchange	BSE & NSE
Tentative Listing Date	August 12, 2026

Ardee Industries Has Reported Strong Financial Growth

The company's financial performance has improved significantly over the last two financial years. Revenue increased from ₹743.53 crore in FY25 to ₹1,168.88 crore in FY26, reflecting robust business expansion. Net profit also climbed sharply from ₹33.27 crore to ₹84.68 crore, highlighting better operational efficiency and stronger demand for its products.

The company also reported healthy profitability metrics, including a Return on Equity (ROE) of 57.46% and Return on Capital Employed (ROCE) of 44.26%, indicating efficient utilization of capital.

Financial Performance

Financial Year	Revenue	Net Profit	Assets
FY24	₹463.39 Crore	₹8.95 Crore	₹196.12 Crore
FY25	₹743.53 Crore	₹33.27 Crore	₹262.06 Crore
FY26	₹1,168.88 Crore	₹84.68 Crore	₹363.33 Crore

IPO Proceeds Will Strengthen Working Capital

The majority of the fresh issue proceeds will be used to support the company's growing business operations. A substantial amount has been allocated toward meeting incremental working capital requirements, while another portion will be used to reduce outstanding debt.

Utilisation of IPO Proceeds

Purpose	Amount
Working Capital Requirements	₹220 Crore
Debt Repayment and Prepayment	₹20 Crore

Business Overview

Founded in 1993, Ardee Industries has evolved from a trading business into one of India's established manufacturers and recyclers of refined lead and lead alloys. The company supplies products to industries including energy storage, automotive, electric mobility and chemicals.

Its manufacturing facility is located in Tirupati district, Andhra Pradesh, spread across nearly 7.61 acres. Apart from serving domestic customers, the company exports its products to countries including Singapore, Hong Kong, South Korea, Japan, Switzerland, United Arab Emirates and the United States.

Product Portfolio

Category	Products
Refined Metals	High Purity Lead
Lead Alloys	Lead Calcium, Lead Antimony, Lead Tin
Specialty Products	Lead Silver, Lead Cadmium Alloys
End User Industries	Batteries, EVs, Automotive, Chemicals

Important IPO Dates

Event	Date
Anchor Investor Bidding	August 4, 2026
IPO Opens	August 5, 2026
IPO Closes	August 7, 2026
Allotment Finalisation	August 10, 2026
Refund Initiation	August 11, 2026
Shares Credited to Demat	August 11, 2026
Listing Date	August 12, 2026

IPO Reservation

Category	Reservation
Qualified Institutional Buyers (QIBs)	50%
Non Institutional Investors (NIIs)	15%
Retail Investors	35%

Minimum Investment Details

Retail investors will have to apply for a minimum of 281 shares.

Investor Category	Lot Size	Shares	Investment
Retail Minimum	1 Lot	281 Shares	₹14,893
Retail Maximum	13 Lots	3,653 Shares	₹1,93,609

Promoter Holding

Following the IPO, promoter shareholding will decline due to the fresh issue and Offer for Sale.

Holding	Pre IPO	Post IPO
Promoter & Promoter Group	91.48%	67.62%
Public Shareholding	8.52%	32.38%

Key Financial Ratios

Metric	Value
ROE	57.46%
ROCE	44.26%
EBITDA Margin	12.60%
PAT Margin	7.25%
Debt to Equity	1.25
EPS	₹3.32
NAV	₹5.78

Should Investors Consider the Ardee Industries IPO?

Ardee Industries has reported strong revenue growth, higher profitability and improving returns over the past financial year. The company also operates in sectors that are expected to benefit from rising demand for batteries, electric vehicles and metal recycling.

However, investors should also evaluate factors such as valuation, peer comparison, industry outlook and overall market conditions before making an investment decision. As with any IPO, long term returns will depend on the company's ability to sustain growth, improve margins and effectively utilize the capital raised through the public issue.

What is the Ardee Industries IPO?

Ardee Industries IPO is a mainboard book built public issue through which the company aims to raise approximately ₹425.87 crore. The IPO consists of a fresh issue of ₹320 crore and an Offer for Sale (OFS) of up to 1.99 crore equity shares.

When will the Ardee Industries IPO open and close?

The IPO will open for subscription on August 5, 2026, and will close on August 7, 2026.

What is the price band of the Ardee Industries IPO?

The company has fixed the IPO price band at ₹50 to ₹53 per equity share.

What is the minimum investment required for the Ardee Industries IPO?

Retail investors need to apply for a minimum of 281 shares, requiring an investment of ₹14,893 at the upper price band.

When is the Ardee Industries IPO allotment date?

The basis of allotment is expected to be finalized on August 10, 2026.

When will Ardee Industries shares be listed?

The shares are scheduled to be listed on the BSE and NSE on August 12, 2026, subject to the completion of the IPO process.

How will Ardee Industries use the IPO proceeds?

The company plans to use the fresh issue proceeds primarily for meeting working capital requirements and repaying or prepaying certain borrowings, which could strengthen its balance sheet and support future growth.

What does Ardee Industries do?

Ardee Industries is an Indian manufacturer and recycler of refined lead and lead alloys. Its products are used across industries such as energy storage, electric vehicles, automotive and chemicals, and the company also exports to several international markets.

How has Ardee Industries performed financially?

The company reported revenue of ₹1,168.88 crore and net profit of ₹84.68 crore in FY26, compared to ₹743.53 crore revenue and ₹33.27 crore profit in FY25, reflecting strong year on year growth.

Who are the promoters of Ardee Industries?

The company is promoted by Sandeep Aggarwal, Nikunj Aggarwal and Esha Gupta.

What are the key strengths of Ardee Industries?

Some of the company's key strengths include strong financial growth, an established position in the secondary lead recycling industry, exports to multiple international markets, a diversified product portfolio and exposure to fast growing sectors such as battery manufacturing and electric mobility.

Should investors subscribe to the Ardee Industries IPO?

The IPO comes with strong recent financial performance and operates in an industry with long term growth potential. However, investors should evaluate the company's valuation, industry outlook, competitive position, risks and their own investment objectives before making an investment decision.