Ardee Industries Ltd IPO - Check Issue Date, Price, Lot Size & Details with BlinkX.

Ardee Industries Ltd IPO

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, while reclaiming critical resources from waste streams. Our product portfolio comprises pure lead and lead alloys such as lead calcium alloys, lead antimony alloys, lead tin alloys, lead silver alloys and lead cadmium alloys which find applications in critical industries including energy storage, e-mobility, automotive, chemical, among others. Our products are customisable to the requirements of our customers, with respect to the level of purity and/or composition with other metal and nonmetal elements with purity levels ranging from 99.97% to 99.985% that conform to international standards. As per F&S Report, we are 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.

Ardee Industries Ltd IPO Details

Total Shares Offered

₹ 8,03,52,358

Offer to Public

1,99,75,000

Retail Max (Shares)

₹ 2,81,23,325

Pre Issue Promoters Holding

₹ 23,31,25,700

Exchange

BSE

Issue size

₹ 425.87 Cr

IPO Open Date

Aug 5, 2026

Close Date

Aug 7, 2026

Lot Size

281

Min Investment

₹ 14,050

Issue Type

Book Building

Listing Date

Aug 12, 2026

Ardee Industries Ltd IPO Dates

Aug 5, 2026

Opening date

Aug 7, 2026

Closing date

Aug 10, 2026

Basis of Allotment

Aug 11, 2026

Initiation of Refunds

Aug 11, 2026

Credit of Shares

Aug 12, 2026

Listing date

Details

Sector	Type
Sector	Mining
Sub Sector	Minerals
Issue Type	Book Building

Subscription Status

*Values are in Lakhs

Investor Type	Subscription Times	Shares Offered*	Shares Bid*
QIB	80.9x	40176179	3250436028
NII	266.75x	12052854	3215058971
Retail	47.77x	28123325	1343324434
Employee	0x	0	0
Total	97.18x	80352358	7808819433

Investor Type

QIB

NII

Retail

Employee

Total

Subscription Times

80.9x

266.75x

47.77x

97.18x

40176179

12052854

28123325

80352358

3250436028

3215058971

1343324434

7808819433

Ardee Industries Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)

Particulars (in Rs. Crores)	FY23	FY22	FY21
Revenue from operations	124.31	53.31	18.15
EBITDA	135.68	61.98	24.51
PAT	84.68	33.27	8.95
Total Assets	281.89	182.26	131.20
Share Capital	50.97	3.19	3.19
Total Borrowings	300.25	238.05	176.83
Operating Activities (Net Cash)	96.05	41.94	15.31
Investing Activities (Net Cash)	-1.71	-5.10	-9.73
Financing Activities (Net Cash)	300.25	238.05	176.83
Net Cashflow	23.47	0.88	2.50

About Ardee Industries Ltd

Our Company was originally incorporated as `Ardee Industries Private Limited', a private limited company under the provisions of Companies Act, 1956 at Chennai, Tamil Nadu, pursuant to a certificate of incorporation dated September 16, 1993, issued by Assistant Registrar of Companies, Tamil Nadu. Thereafter, our Company was converted into a public limited company pursuant to a board resolution dated March 29, 2025, and a special resolution passed by our Shareholders in an extraordinary general meeting held on April 1, 2025, and consequently, the name of our Company was changed to `Ardee Industries Limited'. A fresh certificate of incorporation dated May 6, 2025, consequent upon conversion to a public limited company was issued by the Registrar of Companies, Central Registration Centre. Our Company's Corporate Identity Number is U24294DL1993PLC405804.

Peer Comparison:

Gravita India Limited
Pondy Oxides and Chemical s Limited
Jain Resources Recycling Limited

Ardee Industries Ltd Key Points

Strengths

One of India's leading players in circular economy with a proven track record with demonstrated operational stability.

Application of Hedging Mechanism for Commodity Price Risk Related Protection.

Strong customer base along with robust raw materials sourcing capabilities.

Track record of profitability and consistent financial performance.

Experienced promoters and professional management team.

Risk

The company served 52, 54 and 54 customers for the Fiscals 2026, 2025 and 2024. The revenue from the company's top customer was Rs. 4,745.56 million, Rs. 3,804.08 million and Rs. 3,352.94 million and contributed to 40.64%, 51.22% and 72.42% of revenue from operations during the respective years. The loss of any of these customers could have a material adverse effect on its business, financial condition, results of operations and cash flows.

During the Fiscals 2026, 2025 and 2024, 84.79%, 87.23% and 88.64% of the company's revenue from operations, respectively, were attributed to the battery and metal industries and therefore its business operations is dependent upon the said industries. Any downturn in the demand of battery and metal industries and the other industries in which the company's customers operates, could adversely affect its business, financial performance and condition.

The company depends on third party suppliers for the supply of raw material required for its business operations. Any disruptions in the supply or availability of the raw material or fluctuations in their prices may have an adverse impact on the company's business operations, cash flows and financial performance. Further, its cost of raw material purchased from the company's top 10 suppliers were Rs. 3,567.49 million, Rs. 3,047.48 million and Rs. 1,881.67 million, representing 38.48%, 53.71% and 51.06%, of its total purchases of raw materials in the Fiscals 2026, 2025 and 2024, respectively.

Strategy

Expand our sustainably driven product portfolio through capacity expansion and strategic integration.

Expanding our geographical footprint to capture larger customer base across exports and domestic markets.

Leveraging our LME listing to expand our global presence.

Improving the debt profile of our Company.

How To Apply for Ardee Industries Ltd IPO Online?

Step 1:

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From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

FAQs on IPO (Initial Public Offering)

What is the issue size of the Ardee Industries Ltd IPO?

Ardee Industries Ltd's IPO offers shares for up to 320 It begins on Aug 5, 2026 and ends on Aug 7, 2026.

What is the price of the Ardee Industries Ltd IPO?

The price of Ardee Industries Ltd IPO ranges between ₹50 to ₹53 per share.

What are the open and close dates for the Ardee Industries Ltd IPO?

The Ardee Industries Ltd IPO opens on Aug 5, 2026 and closes on Aug 7, 2026.

When will the Ardee Industries Ltd IPO be allotted?

The allotment for the Ardee Industries Ltd IPO will be finalised on Aug 10, 2026. The shares will be listed on BSE and NSE on Aug 12, 2026.

What is the minimum lot size required for Ardee Industries Ltd IPO?

The minimum lot size for Ardee Industries Ltd IPO is 281 shares, priced between ₹50 to ₹53 per share.

What is the GMP of Ardee Industries Ltd IPO?

The GMP (Grey Market Premium) of Ardee Industries Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Ardee Industries Ltd IPO?

To check the allotment status of Ardee Industries Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Ardee Industries Ltd IPO getting listed?

The Ardee Industries Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Aug 5, 2026, and closes on Aug 7, 2026. The allotment is finalised on Aug 10, 2026.

How do you apply for the Ardee Industries Ltd IPO?

To apply for the Ardee Industries Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.