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Home
InvestmentsIPOArdee Industries IPO

Ardee Industries IPO

Mainboard

Open Date

5 Aug 2026

Close Date

7 Aug 2026

Min Investment

₹ 14,893

Lot Size

281

Issue Size

₹ 425.87 Cr

Price Range

₹ 50 - ₹ 53

Subscribed

41.32 x
Apply Now
status

IPO Open Now.

IPO Timeline
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IPO Offer Start
5 Aug 2026
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IPO Offer Ends
7 Aug 2026
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Allotment Finalisation
10 Aug 2026
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Refund Initialisation
11 Aug 2026
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Non-Institutional Buyers (sHNI)
11 Aug 2026
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Listing of Shares
12 Aug 2026
IPO Subscription Details as on 7 Aug 2026, 12:25 PM
Qualified Instituational Buyers (QiB)
6.16 x
Retail
27.92 x
Total
41.32 x
Non-Institutional Buyer (bHNI)
123.34 x
Non-Institutional Buyer (sHNI)
108.69 x
Note: This information is provided for general guidance only. Dates may be subject to change.
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About the Company
Ardee Industries Limited is one of India's leading players in circular economy, specializing in the environmentally responsible recovery and recycling of end-of-life energy storage products and non-ferrous scrap. The company manufactures pure lead and lead alloys with purity levels ranging from 99.97% to 99.985% that conform to international standards, serving critical industries including energy storage, e-mobility, automotive, and chemical sectors. The company operates a Manufacturing Facility with an installed recycling capacity of 156,950 MTPA in Tirupati, Andhra Pradesh, and has established presence across domestic and international markets in eight countries.
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Founded In

1993

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CEO

Nikunj Aggarwal

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DRHP

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Financials of Ardee Industries IPO

Income Statement
Balance Sheet
Cash Flows
Total Income
Total Expenses
Total Profit
Key Performance IndicatorsMar 2024Mar 2025Mar 2026
Operating Revenue462.96742.741,167.65
Other Income0.430.791.23
Total Income
463.39743.531,168.88
Total Expenses
451.61698.881,055.94
Profit Before Tax11.7944.65112.94
Total Profit
8.9533.2784.68

All figures are in crores (₹)

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Utilisation of Proceeds

All figures are in crores (₹)

PurposeAmount
The company proposes to utilize funds for additional working capital to support business growth, fund inventories, receivables and advance to suppliers. This includes supporting increased export operations, shift from CAD to FOB procurement model, expected business growth, and maximum utilization of installed capacity.220
The company intends to utilize proceeds for repayment or prepayment of existing borrowings to reduce debt burden, maintain favorable debt-equity ratio, and enable utilization of internal accruals for further business growth and expansion opportunities.20
The company proposes to deploy balance proceeds for general corporate purposes including funding organic and inorganic growth opportunities, acquisitions, strengthening marketing capabilities, brand building exercises, meeting ongoing corporate contingencies, and other purposes as approved by the Board.-
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  • One of India's leading players in circular economy with a proven track record with demonstrated operational stability: The company is one of India's leading players in circular economy, specializing in environmentally responsible recovery and recycling of end-of-life energy storage products and non-ferrous scrap. The company manufactures pure lead and lead alloys with purity levels ranging from 99.97% to 99.985% and has expanded installed capacity from 54,750 MTPA in Fiscal 2024 to 156,950 MTPA as of the prospectus date.
  • Strong customer base along with robust raw materials sourcing capabilities: The company has served more than 50 customers across domestic and international markets as of March 31, 2026, with operations in eight countries. The company's revenue from exports has grown at a CAGR of 138.69% from Fiscal 2024 to 2026, and the company sources raw materials from fifty-eight countries during Fiscals 2026, 2025 and 2024.
  • Track record of profitability and consistent financial performance: The company is one of the fastest growing companies in terms of revenue amongst its peers with a revenue CAGR of 58.81% in the last three Fiscals. The company's EBITDA has recorded a CAGR of 128.96% and profit after tax CAGR of 207.52% from Fiscal 2024 to Fiscal 2026.
  • Experienced promoters and professional management team: The company is led by qualified and experienced Promoters with cumulative experience of more than four decades in lead and lead alloys business. The Key Managerial Personnel have over forty-eight years of experience, and Senior Managerial Personnel collectively bring more than eight decades of experience in various functions.

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