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Latest IPO Allotment Status, News & Insights | NetProfit

Keep track of upcoming, ongoing, and recently closed Initial Public Offerings (IPOs) in the Indian stock market. Get detailed insights, subscription status, expected listing gains, and expert reviews to make informed investment choices in the primary market.

Ardee Industries IPO

Ardee Industries IPO
ARDEE | Mainboard
ListedNSE, BSE
Share:

Issue Details

Open Date05-Aug-2026
Close Date07-Aug-2026
Price Band Low₹50
Price Band High₹53
Face Value2
Lot Size281
Total Issue Size (Shares)803525358
Fresh Issue (Cr)60377358
Offer for Sale (Shares)199750000
Total Issue Size (Cr)₹426
Fresh Issue (Cr)₹320
Offer for Sale (Cr)₹106

Subscription & Quota

QIB Sub1.18x
NII Sub20.10x
Retail Sub10.69x
Total Sub9.99x
QIB Quota (%)50%
NII Quota (%)15%
Retail Quota (%)35%

IPO Timeline

Open Date05-Aug-2026
Close Date07-Aug-2026
Basis of Allotment10-Aug-2026
Initiation of Refunds11-Aug-2026
Credit of Shares11-Aug-2026
Listing Date12-Aug-2026

Company Financials

EPS3.32
P/E Ratio15.96
Market Cap (Cr)1350.57
RONW (%)57.46
NAV5.78
P/E (x)15.96
EBITDA Margin12.6
Price to Book Value₹21.54
YearRevenue (Cr)Profit (Cr)Assets (Cr)Net Worth (Cr)Reserves (Cr)Borrowing (Cr)
31 Mar 20261168.8884.68363.33147.3896.42182.75
31 Mar 2025743.5333.27262.0662.659.42165.77
31 Mar 2024463.398.95196.1229.2526.06142.36

About the Company

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, which 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, as per the guidelines of the Securities and Exchange Board of India (SEBI).
  • 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.

Objects of the Issue

  • Funding incremental working capital requirement of Company
  • Repayment and/or pre-payment, in full or in part, of certain borrowings availed by Company
  • General Corporate Purpose

About the IPO

Ardee Industries IPO is a book build issue of ₹425.87 crores.

  • The issue is a combination of fresh issue of 6.04 crore shares aggregating to ₹320.00 crores and offer for sale of 2.00 crore shares aggregating to ₹105.87 crores.
  • 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.

Frequently Asked Questions

What is the Ardee Industries IPO?

Ardee Industries IPO is a main-board IPO of 8,03,52,358 equity shares of the face value of ₹2 aggregating up to ₹426 Crores. The issue is priced at ₹50 to ₹53. The minimum order quantity is 281.

The IPO opens on Wed, Aug 5, 2026, and closes on Fri, Aug 7, 2026.

Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

How to apply for Ardee Industries IPO?

You can apply in Ardee Industries IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

AI Suggestion

Apply

The company has shown remarkable growth in its top and bottom lines for the reported years, and its proximity to the user industry helps it earn higher margins on saving on logistics. However, the issue appears aggressively priced, so well-informed investors may park funds for medium to long term.

Grey Market Premium

₹14
▲ 26.42%
Grey Market Premium (GMP)
Est. Listing Price
₹67

Last updated: 2026-08-06. GMP is subjective and may vary.

GMP History

DateGMPEst. Listing PricePercentage
06-Aug-2026₹14₹67▲ 26.42%
05-Aug-2026₹15₹68▲ 28.30%
04-Aug-2026₹8₹61▲ 15.09%
03-Aug-2026₹8₹61▲ 15.09%
02-Aug-2026₹6₹59▲ 11.32%
01-Aug-2026₹7₹60▲ 13.21%
31-Jul-2026₹7₹60▲ 13.21%
30-Jul-2026₹13₹66▲ 24.53%

Registrar

Kfin Technologies Ltd.
Website
040-79615565
ardeeindustries.ipo@kfintech.com

Lead Managers

Pantomath Capital Advisors Pvt.Ltd.

Expert Verdict

Verdict:Apply

The company has shown remarkable growth in its top and bottom lines for the reported years, and its proximity to the user industry helps it earn higher margins on saving on logistics. However, the issue appears aggressively priced, so well-informed investors may park funds for medium to long term.