Ardee Industries IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Aug 05 to Aug 07 2026
Price Band
₹50 - 53
Current GMP
₹72.0 (+35.85%)
Subscription
138.83 times
IPO Details
| IPO Date | 5 to 7 Aug, 2026 |
| Listed on | Wed, Aug 12, 2026 |
| Face Value | ₹ 2 per share |
| Price Band | ₹50 to ₹53 |
| Issue Price | ₹53 per share |
| Lot Size | 281 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 8,03,52,358 shares (agg. up to ₹ 426 Cr) |
| Fresh Issue | 6,03,77,358 shares (agg. up to ₹ 320 Cr) |
| Offer for Sale | 1,99,75,000 shares of ₹ 2 (agg. up to ₹ 106 Cr) |
| Share Holding Pre Issue | 25,48,24,000 shares |
| Share Holding Post Issue | 31,52,01,358 shares |
| BSE Script Code / NSE Symbol | 544860 / ARDEE |
| ISIN | INE0XNF01022 |
IPO Date
5 to 7 Aug, 2026
Listed on
Wed, Aug 12, 2026
Face Value
₹ 2 per share
Price Band
₹50 to ₹53
Issue Price
₹53 per share
Lot Size
281 Shares
Sale Type
Fresh capital cum OFS
Issue Type
Bookbuilding IPO
Listing At
BSE, NSE
Total Issue Size
8,03,52,358 shares (agg. up to ₹ 426 Cr)
Fresh Issue
6,03,77,358 shares (agg. up to ₹ 320 Cr)
Offer for Sale
1,99,75,000 shares of ₹ 2 (agg. up to ₹ 106 Cr)
Share Holding Pre Issue
25,48,24,000 shares
Share Holding Post Issue
31,52,01,358 shares
BSE Script Code / NSE Symbol
544860 / ARDEE
ISIN
INE0XNF01022
IPO Subscription Details
| Anchor | 1 |
| QIB (Ex Anchor) | 202.26 |
| NII | 266.75 |
| bNII (> ₹10L) | 289.87 |
| sNII (< ₹10L) | 220.51 |
| Retail | 47.77 |
| Total ** | 138.83 |
Anchor
1
QIB (Ex Anchor)
202.26
NII
266.75
bNII (> ₹10L)
289.87
sNII (< ₹10L)
220.51
Retail
47.77
Total **
138.83
Day Wise Sub
| Day | QIB (Ex Anchor) | NII | NII (> ₹10L) | NII (< ₹10L) | Retail | Total |
|---|---|---|---|---|---|---|
| Aug 5 (Day 1) | 1.13 | 5.60 | 5.37 | 6.07 | 3.48 | 3.26 |
| Aug 6 (Day 2) | 1.33 | 31.93 | 29.52 | 36.76 | 14.99 | 14.72 |
| Aug 7 (Day 3) | 202.26 | 266.75 | 289.87 | 220.51 | 47.77 | 138.83 |
DayAug 5
(Day 1)
QIB (Ex Anchor)1.13
NII5.60
NII (> ₹10L)5.37
NII (< ₹10L)6.07
Retail3.48
Total3.26
DayAug 6
(Day 2)
QIB (Ex Anchor)1.33
NII31.93
NII (> ₹10L)29.52
NII (< ₹10L)36.76
Retail14.99
Total14.72
DayAug 7
(Day 3)
QIB (Ex Anchor)202.26
NII266.75
NII (> ₹10L)289.87
NII (< ₹10L)220.51
Retail47.77
Total138.83
Day Wise GMP
| GMP Date | IPO Price | GMP | Est. Listing Price |
|---|---|---|---|
| 12-08-2026 | 53 | 17 (32.08%) | 70 |
| 11-08-2026 | 53 | 17 (32.08%) | 70 |
| 10-08-2026 | 53 | 14.5 (27.36%) | 67.5 |
| 09-08-2026 | 53 | 16 (30.19%) | 69 |
| 08-08-2026 | 53 | 16 (30.19%) | 69 |
| 07-08-2026 | 53 | 15 (28.30%) | 68 |
| 06-08-2026 | 53 | 14 (26.42%) | 67 |
| 05-08-2026 | 53 | 15.25 (28.77%) | 68.25 |
| 04-08-2026 | 53 | 8 (15.09%) | 61 |
| 03-08-2026 | 53 | 7.5 (14.15%) | 60.5 |
| 02-08-2026 | 53 | 6.75 (12.74%) | 59.75 |
| 01-08-2026 | 53 | 7 (13.21%) | 60 |
| 31-07-2026 | 53 | 6.5 (12.26%) | 59.5 |
| 30-07-2026 | 53 | 13 (24.53%) | 66 |
| 29-07-2026 | 53 | 13 (24.53%) | 66 |
| 28-07-2026 | 0 | 0 (0%) | 0 |
| 27-07-2026 | 0 | 0 (0%) | 0 |
| 26-07-2026 | 0 | 0 (0%) | 0 |
| 25-07-2026 | 0 | 0 (0%) | 0 |
| 24-07-2026 | 0 | 0 (0%) | 0 |
GMP Date12-08-2026
IPO Price53
GMP17 (32.08%)
Est. Listing Price70
GMP Date11-08-2026
IPO Price53
GMP17 (32.08%)
Est. Listing Price70
GMP Date10-08-2026
IPO Price53
GMP14.5 (27.36%)
Est. Listing Price67.5
GMP Date09-08-2026
IPO Price53
GMP16 (30.19%)
Est. Listing Price69
GMP Date08-08-2026
IPO Price53
GMP16 (30.19%)
Est. Listing Price69
GMP Date07-08-2026
IPO Price53
GMP15 (28.30%)
Est. Listing Price68
GMP Date06-08-2026
IPO Price53
GMP14 (26.42%)
Est. Listing Price67
GMP Date05-08-2026
IPO Price53
GMP15.25 (28.77%)
Est. Listing Price68.25
GMP Date04-08-2026
IPO Price53
GMP8 (15.09%)
Est. Listing Price61
GMP Date03-08-2026
IPO Price53
GMP7.5 (14.15%)
Est. Listing Price60.5
GMP Date02-08-2026
IPO Price53
GMP6.75 (12.74%)
Est. Listing Price59.75
GMP Date01-08-2026
IPO Price53
GMP7 (13.21%)
Est. Listing Price60
GMP Date31-07-2026
IPO Price53
GMP6.5 (12.26%)
Est. Listing Price59.5
GMP Date30-07-2026
IPO Price53
GMP13 (24.53%)
Est. Listing Price66
GMP Date29-07-2026
IPO Price53
GMP13 (24.53%)
Est. Listing Price66
GMP Date28-07-2026
IPO Price0
GMP0 (0%)
Est. Listing Price0
GMP Date27-07-2026
IPO Price0
GMP0 (0%)
Est. Listing Price0
GMP Date26-07-2026
IPO Price0
GMP0 (0%)
Est. Listing Price0
GMP Date25-07-2026
IPO Price0
GMP0 (0%)
Est. Listing Price0
GMP Date24-07-2026
IPO Price0
GMP0 (0%)
Est. Listing Price0
IPO Important Dates
| IPO Open | Wed, Aug 5, 2026 |
| IPO Close | Fri, Aug 7, 2026 |
| Allotment | Mon, Aug 10, 2026 |
| Refund | Tue, Aug 11, 2026 |
| Credit of Shares | Tue, Aug 11, 2026 |
| Listing | Wed, Aug 12, 2026 |
IPO Open
Wed, Aug 5, 2026
IPO Close
Fri, Aug 7, 2026
Allotment
Mon, Aug 10, 2026
Refund
Tue, Aug 11, 2026
Credit of Shares
Tue, Aug 11, 2026
Listing
Wed, Aug 12, 2026
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 281 | ₹14,893 |
| Retail (Max) | 13 | 3,653 | ₹1,93,609 |
| S-HNI (Min) | 14 | 3,934 | ₹2,08,502 |
| S-HNI (Max) | 67 | 18,827 | ₹9,97,831 |
| B-HNI (Min) | 68 | 19,108 | ₹10,12,724 |
ApplicationRetail (Min)
Lots1
Shares281
Amount₹14,893
ApplicationRetail (Max)
Lots13
Shares3,653
Amount₹1,93,609
ApplicationS-HNI (Min)
Lots14
Shares3,934
Amount₹2,08,502
ApplicationS-HNI (Max)
Lots67
Shares18,827
Amount₹9,97,831
ApplicationB-HNI (Min)
Lots68
Shares19,108
Amount₹10,12,724
Financial Information
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 363.33 | 262.06 | 196.12 |
| Total Income | 1,168.88 | 743.53 | 463.39 |
| Profit After Tax | 84.68 | 33.27 | 8.95 |
| EBITDA | 147.08 | 65.93 | 28.06 |
| NET Worth | 147.38 | 62.60 | 29.25 |
| Reserves and Surplus | 96.42 | 59.42 | 26.06 |
| Total Borrowing | 182.75 | 165.77 | 142.36 |
Period EndedAssets
31 Mar 2026363.33
31 Mar 2025262.06
31 Mar 2024196.12
Period EndedTotal Income
31 Mar 20261,168.88
31 Mar 2025743.53
31 Mar 2024463.39
Period EndedProfit After Tax
31 Mar 202684.68
31 Mar 202533.27
31 Mar 20248.95
Period EndedEBITDA
31 Mar 2026147.08
31 Mar 202565.93
31 Mar 202428.06
Period EndedNET Worth
31 Mar 2026147.38
31 Mar 202562.60
31 Mar 202429.25
Period EndedReserves and Surplus
31 Mar 202696.42
31 Mar 202559.42
31 Mar 202426.06
Period EndedTotal Borrowing
31 Mar 2026182.75
31 Mar 2025165.77
31 Mar 2024142.36
Key Performance Indicator
| ROE | 81% |
| ROCE | 44.26% |
| Debt/Equity | 1.25 |
| RoNW | 57.46% |
| PAT Margin | 7.25% |
| EBITDA Margin | 12.60% |
| NAV | 5.78 |
| Price to Book Value |
ROE
81%
ROCE
44.26%
Debt/Equity
1.25
RoNW
57.46%
PAT Margin
7.25%
EBITDA Margin
12.60%
NAV
5.78
Price to Book Value
IPO Reservation
| QIB | 4,01,75,974 |
| − Anchor Investor | 2,41,05,584 |
| − QIB (Ex. Anchor) | 1,60,70,390 |
| NII (HNI) | 1,20,52,793 |
| − bNII > ₹10L | 80,35,195 |
| − sNII < ₹10L | 40,17,598 |
| Retail | 2,81,23,183 |
| Total | 8,03,51,950 |
QIB
4,01,75,974
− Anchor Investor
2,41,05,584
− QIB (Ex. Anchor)
1,60,70,390
NII (HNI)
1,20,52,793
− bNII > ₹10L
80,35,195
− sNII < ₹10L
40,17,598
Retail
2,81,23,183
Total
8,03,51,950
Information about 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. 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:
Objectives of IPO
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
#: Issue Objects
1: Funding incremental working capital requirement of Company
2: Repayment and/or pre-payment, in full or in part, of certain borrowings availed by Company
3: General Corporate Purposes
: Total
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