Ardee Industries IPO
Price Band
₹50 – ₹53
Issue Size
₹425.87 Cr
Issue Dates
5 Aug – 7 Aug 2026
Listing Date
12 Aug 2026
About Ardee Industries Limited
Sustainable recovery and recycling of end-of-life energy storage products and non-ferrous scrap, producing high-purity lead and specialised lead alloys (lead calcium, lead antimony, lead tin, lead silver, lead cadmium) used in energy storage, e-mobility, automotive, and chemicals sectors.
IPO Details
| Price Band | ₹50 – ₹53 |
| Face Value | ₹2 |
| Issue Size | ₹425.87 Cr |
| Fresh Issue | ₹320 Cr |
| Offer for Sale | ₹105.87 Cr |
| Total Shares Offered | 8,03,52,358 |
| Listed On | Both |
Objects of the Issue
Funding incremental working capital requirement of the Company (₹220.00 Cr); repayment and/or pre-payment of certain borrowings availed by the Company (₹20.00 Cr); general corporate purposes. Total ₹240.00 Cr.
Key Financial Metrics
EPS (Basic)
₹3.32
P/E Ratio
15.96x
ROE
81%
ROCE
44.26%
Debt / Equity
1.25
Financial Performance
| Particulars (₹ Cr) | FY 2023-24 | FY 2024-25 | FY 2025-26 |
|---|---|---|---|
| Revenue | — | — | — |
| EBITDA | 28.06 | 65.93 | 147.08 |
| PAT | 8.95 | 33.27 | 84.68 |
| Total Assets | 196.12 | 262.06 | 363.33 |
| Net Worth | 29.25 | 62.6 | 147.38 |
| Total Borrowings | 142.36 | 165.77 | 182.75 |
Valuation
Market Capitalisation
P/E Ratio
Promoter Holding
Public Holding
Lot Size & Allocation
Investment by Category
| Category | Lot Size | Min Investment | Max Investment |
|---|---|---|---|
| retail | 281 shares | ₹14,893 | ₹1,93,609 |
| shni | 14 × 281 | ₹2,08,502 | ₹9,97,831 |
| bhni | 68 × 281 | ₹10,12,724 | — |
Reservation / Allocation
| Category | Allocation | Cut-off |
|---|---|---|
| QIB Shares Offered (Not more than 50% of Net Issue) | 50% | No |
| Retail Shares Offered (Not more than 35% of Net Issue) | 35% | Yes |
| NII Shares Offered (Not less than 15% of Net Issue) | 15% | No |
Registrar & Lead Managers
Peer Comparison
| Company | Listed | Mkt Cap (₹ Cr) | EPS (₹) | P/E | ROE % |
|---|---|---|---|---|---|
| Ardee Industries IPO (this IPO) | — | 1,670.57 | ₹3.32 | 15.96x | 81% |
| Jain Resource Recycling Ltd. | Yes | — | — | 33.62x | — |
Data as of 29/7/2026
Important Dates
Community Discussion
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