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ARDEE · NSE,BSE · Metals, Mining & Recycling
Ardee Industries IPO listed on 12 Aug 2026 on NSE,BSE at ₹72.00, a gain of 35.85% over the issue price of ₹53.00. The IPO was subscribed 138.83x overall.
Ardee Industries IPO tentative timeline covering IPO opening, closing, basis of allotment, refunds, demat credit, and listing dates.
| Event | Date |
|---|---|
| IPO Open Date | 05 Aug 2026 |
| IPO Close Date | 07 Aug 2026 |
| Basis of Allotment | 10 Aug 2026 |
| Initiation of Refunds | 11 Aug 2026 |
| Credit of Shares to Demat | 11 Aug 2026 |
| Listing Date | 12 Aug 2026 |
Listing day gain
+35.85%
Listed at ₹72 (issue ₹53)
Issue
₹53
Listing
₹72
Current
₹67.33
+27.04% vs issue
Day range
₹65.77 – ₹73.19
Issue Size
80,352,358 shares
(aggregating up to ₹426.00 Cr)
Issue Price
₹50 – ₹53
Face Value
₹2/share
Market Lot
281 shares
Retail Min Investment
₹14,893
Listing At
NSE,BSE
Sale Type
both
Fresh Issue
60,377,358 shares
(aggregating up to ₹320 Cr)
Offer for Sale
19,975,000 shares
(aggregating up to ₹106 Cr)
Issue Type
book building
Open Date
05 Aug
Close Date
07 Aug
Allotment
10 Aug
Listing
12 Aug
Last updated: 1 month ago
| Date | IPO Issue Price (₹) | GMP (₹) | Est. Listing Price (₹) | Est. Profit Amount (₹) | Est. Profit % | Last Updated |
|---|---|---|---|---|---|---|
| 11 Aug 2026 Latest | ₹53 | ₹13.25 | ₹66.25 | ₹13.25 |
25%
|
6:42 PM |
| 11 Aug 2026 | ₹53 | ₹13.25 | ₹66.25 | ₹13.25 |
25%
|
6:11 PM |
Showing the 2 most recent GMP entries.
View full GMP historyLatest snapshot: 07 Aug 2026
| Category | Subscribed (x) |
|---|---|
| QIB | 202.26x |
| NII | 266.75x |
| bNII (bids above ₹10L) | 289.87x |
| sNII (bids below ₹10L) | 220.51x |
| Retail Investors | 47.77x |
| Total | 138.83x |
Showing the latest subscription snapshot.
View full subscription historyNew to lot sizes and investment limits? Read our guide on IPO lot size and minimum investment.
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 281 | ₹14,893 |
| Retail (Max) | 13 | 3,653 | ₹193,609 |
| S-HNI (Min) | 14 | 3,934 | ₹208,502 |
| S-HNI (Max) | 67 | 18,827 | ₹997,831 |
| B-HNI (Min) | 68 | 19,108 | ₹1,012,724 |
Want to understand how IPO shares are divided between investor categories? Read our guide on IPO reservation structure.
| Category | Shares Offered |
|---|---|
| QIB Shares Offered | 40,175,974 (50.00%) |
|
•
Anchor Investor Shares Offered
|
24,105,584 (30.00%) |
|
•
QIB (Ex. Anchor) Shares Offered
|
16,070,390 (20.00%) |
| NII (HNI) Shares Offered | 12,052,793 (15.00%) |
|
•
bNII > ₹10L
|
8,035,195 (10.00%) |
|
•
sNII < ₹10L
|
4,017,598 (5.00%) |
| Retail Shares Offered | 28,123,183 (35.00%) |
| Total Shares Offered | 80,351,950 (100.00%) |
Ardee Industries Limited was originally incorporated at Chennai, Tamil Nadu in September 1993 and converted into a public limited company in May 2025. Its registered office is in New Delhi, and it works in the metal recycling sector, specializing in the recovery and recycling of end-of-life energy storage products and non-ferrous scrap.
The company recovers lead from used lead-acid batteries and non-ferrous scrap, and processes it into pure lead and customized lead alloys, including lead-calcium, lead-antimony, lead-tin, lead-silver, and lead-cadmium alloys. These products are used in batteries, e-mobility, chemicals, and other industrial applications, serving the battery, metals, and manufacturing sectors. The company operates from a single manufacturing facility with an installed recycling capacity of 104,390 MT per annum of finished goods. The promoters are Sandeep Aggarwal, Nikunj Aggarwal, and Esha Gupta.
The company reported revenue of Rs 742.7 crore in FY25. The IPO is a mainboard, book-built issue comprising a fresh issue of equity shares of face value Rs 2 each aggregating up to Rs 320 crore, along with an offer for sale of up to 3,76,50,000 equity shares by the promoter selling shareholders, Sandeep Aggarwal and Nikunj Aggarwal, proposed for listing on the BSE and NSE. As per the DRHP, net proceeds from the fresh issue are proposed to be used for funding incremental working capital requirements (about Rs 220 crore), repayment or prepayment of certain borrowings (about Rs 22 crore), and general corporate purposes.</p>
Standalone · ₹ in Crores
| Particulars | FY Mar 2024 | FY Mar 2025 | FY Mar 2026 |
|---|---|---|---|
| Total Revenue | 463.39 | 743.53 | 1,168.88 |
| Profit After Tax (PAT) | 8.95 | 33.27 | 84.68 |
| EBITDA | 28.06 | 65.93 | 147.08 |
| Total Assets | 196.12 | 262.06 | 363.33 |
| Net Worth | 29.25 | 62.6 | 147.38 |
| Reserves & Surplus | 26.06 | 59.42 | 96.42 |
| Total Borrowing | 142.36 | 165.77 | 182.75 |
Revenue & Profit Trend
Key ratios per fiscal period
| Particulars | Mar 2025 | Mar 2026 |
|---|---|---|
| RoE Return on Equity Shows how much profit the company makes on the money shareholders have put in. 15% to 20% is healthy in most industries. | 72% | 81% |
| RoCE Return on Capital Employed Shows the profit earned on all the money used, shareholder funds plus loans. Matters most for factory and infrastructure heavy companies. | 25.17% | 44.26% |
| RoNW Return on Net Worth Shows the profit earned on the company's own net worth. Steady or rising over 3 years is a good sign. | 53.15% | 57.46% |
| PAT Margin Profit After Tax Margin Out of every ₹100 of sales, how much the company keeps after paying all costs, loan interest and tax. | 4.48% | 7.25% |
| EBITDA Margin Earnings Before Interest, Tax, Depreciation and Amortisation Margin Profit from the main business as a share of sales, before loan interest and tax. Compare it with other companies in the same industry. | 8.88% | 12.6% |
| Debt / Equity Debt to Equity How much the company has borrowed against what shareholders own. Above 1x means the loans are bigger than shareholder funds. | - | 1.25x |
Issue-level · at the upper price band
| Particulars | Pre-IPO | Post-IPO |
|---|---|---|
| EPS Earnings Per Share Profit the company earns on each share. Post-IPO EPS is usually lower because the issue adds new shares. | ₹3.32 | ₹2.69 |
| P/E Price to Earnings Tells you if the IPO price is fair for what the company earns. Compare it with listed companies in the same sector. | 15.96x | 19.7x |
| Market Cap Market Capitalisation What the whole company is valued at, at the upper price band. Post-IPO counts the new shares the issue creates. | ₹1,351 Cr | ₹1,671 Cr |
The basis of allotment for Ardee Industries IPO was finalised on 10 Aug 2026. You can check your allotment status using your PAN number or application number on the KFin Technologies Limited portal or BSE.
The Ardee Industries IPO is expected to open in Aug 2026, subject to SEBI approval. Final dates will be updated once announced officially.
The price band for Ardee Industries IPO is ₹50.00 - ₹53.00 per share.
As per market sources, Ardee Industries IPO GMP is currently ₹13.25. GMP is tracked daily in the grey market. GMP indicates unofficial demand but does not guarantee listing gains.
The subscription status for Ardee Industries IPO stands at 138.83x overall.
The listing date for Ardee Industries IPO is 12 Aug 2026.
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