Investors will soon get an opportunity to subscribe to the Ardee Industries IPO, with the Rs 425.87 crore public issue set to open on August 5, 2026. The company has fixed the IPO price band at Rs 50 to Rs 53 per share, giving market participants a chance to invest in one of India’s growing players in the lead recycling and non-ferrous metals sector.
The Ardee Industries IPO is a book-built issue comprising a fresh issue of 6.04 crore shares worth Rs 320 crore and an offer for sale (OFS) of 2 crore shares amounting to Rs 105.87 crore.
Ahead of the subscription opening, the IPO has attracted investor attention, with the grey market premium (GMP) indicating a premium of around 25% over the upper end of the issue price.
The IPO will open for subscription on August 5, 2026, and close on August 7, 2026. The share allotment is expected to be finalized on August 10, 2026, while the company’s shares are likely to debut on both the NSE and BSE on August 12, 2026.
Ardee Industries IPO GMP Today
The latest grey market premium for the Ardee Industries IPO stands at Rs 13 per share, or nearly 25% above the upper price band of Rs 53. Based on the current GMP trend, the estimated listing price is around Rs 66 per share, suggesting a potential listing gain for investors if the market sentiment remains unchanged.
IPO Objectives: Where Will the Funds Be Used?
The proceeds from the Ardee Industries IPO will be primarily utilised to strengthen the company’s financial position and support its growth plans. The company plans to allocate Rs 220 crore towards meeting incremental working capital requirements and Rs 20 crore towards the repayment or pre-payment of certain borrowings. The remaining funds will be used for general corporate purposes, with the total utilisation of proceeds amounting to Rs 240 crore.
About Ardee Industries Ltd.
Established in 1993, Ardee Industries Limited is engaged in the sustainable recovery and recycling of end-of-life energy storage products and non-ferrous scrap. The company specialises in producing high-purity lead and customised lead alloys, including lead calcium, lead antimony, lead tin, lead silver, and lead cadmium alloys.
Its products cater to industries such as energy storage, electric mobility, automotive, and chemicals.
As of March 31, 2025, the company had more than 50 customers across domestic and international markets, serving the battery and metals sectors. Ardee Industries has also exported its products to seven countries, including Singapore, Hong Kong, South Korea, Switzerland, the United Arab Emirates, Japan, and the United States.
Ardee Industries operates a manufacturing facility spread across approximately 7.61 acres in Tirupati district, Andhra Pradesh. The facility has an installed capacity of 104,025 metric tonnes per annum (MTPA) and is equipped with advanced recycling infrastructure, including rotary furnaces, refining kettles, casting systems, and pollution control equipment.
The facility holds certifications including ISO 9001:2015 for quality management, ISO 14001:2015 for environmental management, and ISO 45001:2018 for occupational health and safety standards.
Strong Financial Growth
Ardee Industries has reported significant improvement in its financial performance. During FY 2025-26, the company’s total income increased by 57% to Rs 1,168.9 crore, compared with Rs 743.5 crore in the previous financial year.
Profitability also improved sharply, with Profit After Tax (PAT) rising 155% to Rs 84.7 crore, from Rs 33.3 crore in FY 2024-25.
IPO Management Details
Pantomath Capital Advisors Private Limited is acting as the book running lead manager for the issue, while KFin Technologies Limited is the registrar.
With its presence in the recycling sector, expanding customer base, and strong recent financial growth, the Ardee Industries IPO is expected to remain on investors’ radar ahead of its subscription window.
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