Bookbuilding IPO | ₹[.] Cr | Listing at BSE, NSE |
SEBI has approved the Initial Public Offer (IPO) of Ardee Engineering Ltd. on August 22, 2025. The company will proceed with next steps to launch the Initial Public Offer (IPO) subject to market conditions and other approvals. The SEBI approval is valid for 12 months.
Ardee Engineering Ltd. IPO is a Book Build Issue
The equity shares are proposed to be listed on NSE and BSE. IIFL Capital Services Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to Ardee Engineering IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹5 per share |
| Price Band | |
| Lot Size | |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Tue, Apr 1, 2025 |
| SEBI/Exchange approval received | Fri, Aug 22, 2025 |
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 50% of the Net Issue |
| NII Shares Offered | 50% of the Net Issue |
Incorporated in 2020, Ardee Engineering Limited is an integrated design, engineering, and manufacturing company specialising in Pre-Engineered Buildings (PEB), Material Handling Systems (MHS), and Engineering Services.
The company operates five manufacturing units in Andhra Pradesh and Telangana. As of December 31, 2024, the company had 678 permanent employees and 246 contract employees.
As of December 31, 2024, the company's order book stood at Rs 8,929.55 million. Over the past 16 years, the company has completed projects across 13 states.
| Period Ended | 30 Sep 2024 | 31 Mar 2024 |
|---|---|---|
| Assets | 494.99 | 462.16 |
| Total Income | 289.41 | 622.84 |
| Profit After Tax | 15.60 | 29.11 |
| NET Worth | 102.69 | 87.10 |
| Reserves and Surplus | 83.10 | 67.31 |
| Total Borrowing | 189.63 | 185.06 |
| Amount in ₹ Crore | ||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding the capital expenditure requirements of the Company towards setting up two new manufacturing facilities at Seetharampur, Telangana (“Project 1”). | 279.63 |
| 2 | Funding the capital expenditure requirements of the Company towards setting up a new integrated manufacturing facility at Parawada, Andhra Pradesh (“Project 2”) | 44.84 |
| 3 | Prepayment or re-payment, in full or in part, of certain outstanding borrowings availed by the Company | 65.00 |
| 4 | General corporate purposes |
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 33.33% |
| ROCE | 20.97% |
| Debt/Equity | 1.61 |
| RoNW | 33.42% |
| PAT Margin | 4.67% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 99.97% |
Lead Manager Reports
Ardee Engineering IPO is a main-board IPO of 0 equity shares of the face value of ₹5 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is .
The Ardee Engineering IPO open and close dates are not available as of now.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Ardee Engineering IPO using UPI as a payment gateway. Zerodha customers can apply in Ardee Engineering IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Ardee Engineering IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Ardee Engineering IPO dates are not announced. Please check back again after some time.
Ardee Engineering IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Ardee Engineering 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.
The finalization of Basis of Allotment for Ardee Engineering IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Ardee Engineering IPO allotment status.
The Ardee Engineering IPO listing date is not yet announced. The tentative date of listing is .
