Ardee Industries
Ardee Industries is a leading Indian company in the secondary metals industry, specializing in the manufacturing and recycling of refined lead and alloys. Founded in 1993, the company serves a diverse range of industries including energy storage and automotive.
Price Band
₹53 - ₹53
Lot Size
281 Shares
Issue Size
₹425.87 Cr
Fresh Issue
₹320.00 Cr
OFS
₹105.87 Cr
Registrar
AI Sentiment Score
Current GMP
+₹8
Est. Listing: ₹61 (+15.1%)
📅 IPO Timeline
1
Open
Aug 5
2
Close
Aug 7
3
Allotment
Aug 10
4
Refund
Aug 11
5
Demat
Aug 11
6
Listing
Aug 12
✨ AI Analysis & Prediction
+7.3%
predicted listing gain
Ardee Industries' IPO is characterized by a lack of institutional demand with a QIB subscription of 0.0x, which negatively impacts the listing gain potential. However, strong financial metrics such as a high ROE of 57.46% and a moderate debt-to-equity ratio of 1.25 provide some support. The medium float size and a modest GMP of ₹8.0 suggest a cautious listing gain of 5.0%.
💪 Strengths
- High ROE of 57.46%
- Strong revenue growth trajectory
⚠️ Weaknesses
- High debt-to-equity ratio of 1.25
- Lack of institutional demand
🚀 Opportunities
- Expansion in international markets
- Growing demand in energy storage and automotive sectors
🛡️ Threats
- Market volatility
- Dependence on commodity prices
🎯 Objectives of the IPO
| Requirement / Purpose | Amount (₹ Cr) |
|---|---|
| Funding incremental working capital requirement of Company | ₹220.00 |
| Repayment and/or pre-payment, in full or in part, of certain borrowings availed by Company | ₹20.00 |
| Purposes | ₹185.87 |
📊 Key Financials
| Metric | 2024 | 2025 | 2026 |
|---|---|---|---|
| Revenue (₹ Cr) | 463.39 | 743.53 | 1,168.88 |
| PAT (₹ Cr) | 8.95 | 33.27 | 84.68 |
📋 Live Subscription Status
QIB
0.00x
NII
0.00x
Retail
0.00x
Total
0.00x
📈 Shareholding & Anchor Lock-In
🔗 Important Links & Lead Managers
- Check Allotment StatusCheck Now →
- Registrar WebsiteVisit →
- Download DRHP ProspectusDownload PDF 📥
- Download RHP ProspectusDownload PDF 📥
Lead Managers / Merchant Bankers
This issue is managed by Hem Securities Ltd., and Share India Capital Services Pvt. Ltd.
Disclaimer: The information provided on this page is for educational and informational purposes only and does not constitute financial advice. IPO investments are subject to market risks. AI-generated analysis is based on publicly available data and may not be accurate. Grey Market Premium (GMP) is unofficial and highly speculative. Always consult a qualified financial advisor and read the DRHP/RHP carefully before making investment decisions.
Ardee Industries, established in 1993, has evolved from a trading company into a prominent manufacturer and recycler of refined lead and alloys. The company is known for its high-quality lead products and specialized lead alloys such as lead calcium, lead antimony, and lead tin. Ardee Industries caters to a wide array of industries, including energy storage, e-mobility, automotive, and chemicals, with a significant presence in both domestic and international markets. The company's manufacturing facility is located in Tirupati district, Andhra Pradesh, spanning approximately 7.61 acres. Ardee Industries has successfully exported its products to countries like Singapore, South Korea, and the United States, showcasing its global reach and competitive edge. The company is led by promoters Sandeep Aggarwal, Nikunj Aggarwal, and Esha Gupta, who have played a crucial role in its growth and strategic direction.
Ardee Industries is launching its IPO with an issue size of approximately ₹425.87 crores, comprising a fresh issue of ₹320 crores and an offer for sale of up to 1,99,75,000 equity shares. The price band is set between ₹50 to ₹53 per share, with the IPO opening on August 5, 2026, and closing on August 7, 2026. The shares are expected to list on BSE and NSE on August 12, 2026. The proceeds from the fresh issue will be used to fund working capital requirements and repay certain borrowings. Financially, the company has shown robust growth with revenues increasing from ₹463.39 crores in 2024 to ₹1,168.88 crores in 2026, and PAT rising from ₹8.95 crores to ₹84.68 crores in the same period. Despite the strong financial performance, the lack of institutional demand and a medium float size pose risks. The IPO is priced at a P/E ratio that needs careful consideration against industry peers. Investors should weigh the high ROE and growth potential against the risks of a pure OFS and market volatility.