Bookbuilding IPO | ₹[.] Cr | Listing at BSE, NSE |
SEBI has approved the Initial Public Offer (IPO) of Ardee Industries Ltd. on February 3, 2026. 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 Industries Ltd. IPO is a Book Build Issue consisting of fresh issue of ₹320.00 crores and an offer for sale (OFS) of upto 3.77 crore equity shares.
The equity shares are proposed to be listed on NSE and BSE. Pantomath Capital Advisors Pvt.Ltd. is the book running lead manager and Kfin Technologies 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 Industries IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹2 per share |
| Price Band | |
| Lot Size | |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Fresh Issue | [.] shares (agg. up to ₹320 Cr) |
| Offer for Sale | 3,76,50,000 shares of ₹2 (agg. up to ₹[.] Cr) |
| Share Holding Pre Issue | 25,48,24,000 shares |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Sun, Sep 28, 2025 |
| SEBI/Exchange approval received | Tue, Feb 3, 2026 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not more than 35% of the Net Issue |
| NII Shares Offered | Not less than 15% of the Net Issue |
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. These products 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. 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.
Competitive strengths:
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 262.06 | 196.12 | 108.00 |
| Total Income | 743.53 | 463.39 | 411.84 |
| Profit After Tax | 33.27 | 8.95 | 8.57 |
| EBITDA | 65.93 | 28.06 | 22.76 |
| NET Worth | 62.60 | 29.25 | 20.22 |
| Reserves and Surplus | 59.42 | 26.06 | 17.03 |
| Total Borrowing | 165.77 | 142.36 | 80.91 |
| 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 incremental working capital requirement of our Company | 220.00 |
| 2 | Repayment and/or pre-payment, in full or in part, of certain borrowings availed by our Company | 22.00 |
| 3 | General corporate purposes | |
| Total | 242.00 |
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 72% |
| ROCE | 25.17% |
| RoNW | 53.15% |
| PAT Margin | 4.48% |
| EBITDA Margin | 8.88% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 100% |
Lead Manager Reports
Ardee Industries IPO is a main-board IPO of 0 equity shares of the face value of ₹2 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is .
The Ardee Industries IPO open and close dates are not available as of now.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Ardee Industries IPO using UPI as a payment gateway. Zerodha customers can apply in Ardee Industries IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Ardee Industries IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Ardee Industries IPO dates are not announced. Please check back again after some time.
Ardee Industries IPO lot size and the minimum order quantity is not available at this time. Please check again later.
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.
The finalization of Basis of Allotment for Ardee Industries IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Ardee Industries IPO allotment status.
The Ardee Industries IPO listing date is not yet announced. The tentative date of listing is .
