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Sun, 01 Nov 2026
06:02:21 pm
Sun, 01 Nov 2026
06:02:21 pm
Synopsis
Ardee Industries IPO opens on August 5, 2026, with a price band of ₹50 to ₹53 per share. Check the IPO dates, GMP updates, allotment, financials, issue size, subscription details, key highlights and whether investors should consider applying.
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.
| 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 |
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 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 |
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.
| Purpose | Amount |
|---|---|
| Working Capital Requirements | ₹220 Crore |
| Debt Repayment and Prepayment | ₹20 Crore |
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.
| 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 |
| 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 |
| Category | Reservation |
|---|---|
| Qualified Institutional Buyers (QIBs) | 50% |
| Non Institutional Investors (NIIs) | 15% |
| Retail Investors | 35% |
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 |
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% |
| 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 |
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.
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.
The IPO will open for subscription on August 5, 2026, and will close on August 7, 2026.
The company has fixed the IPO price band at ₹50 to ₹53 per equity share.
Retail investors need to apply for a minimum of 281 shares, requiring an investment of ₹14,893 at the upper price band.
The basis of allotment is expected to be finalized on August 10, 2026.
The shares are scheduled to be listed on the BSE and NSE on August 12, 2026, subject to the completion of the IPO process.
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.
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.
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.
The company is promoted by Sandeep Aggarwal, Nikunj Aggarwal and Esha Gupta.
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.
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.
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