Ardee Industries IPO Price Band Fixed At Rs 50-53 Per Share for Rs 426 Crore Issue; Check Lot Size, Key Dates

Ardee Industries IPO: Ardee Industries has fixed the price band at Rs 50-53 per share for its Rs 425.87 crore initial public offering (IPO). The three-day public issue will open for subscription on August 5 and close on August 7, while the anchor investor bidding will take place on August 4.

The IPO comprises a fresh issue worth Rs 320 crore and an offer for sale (OFS) of Rs 105.87 crore by promoters Sandeep Aggarwal and Nikunj Aggarwal.

Investors can bid for a minimum of 281 shares and in multiples thereafter. At the upper end of the price band, a retail investor will have to invest at least Rs 14,893 for one lot.

Up to 50 per cent of the net issue has been reserved for qualified institutional buyers (QIBs), at least 15 per cent for non-institutional investors (NIIs), and up to 35 per cent for retail investors.

The company plans to use the fresh issue proceeds to meet incremental working capital requirements, repay certain borrowings and for general corporate purposes.

Ardee Industries IPO: Allotment, Listing Dates

The basis of allotment is expected to be finalised on August 10, while successful applicants are likely to receive shares in their demat accounts on August 11. The company's shares are scheduled to list on the BSE and the NSE on August 12, 2026.

Pantomath Capital Advisors is the sole book-running lead manager to the issue, while KFin Technologies is the registrar.

Ardee Industries IPO GMP

Ardee Industries' IPO was commanding a grey market premium (GMP) of around Rs 13 on July 29, according to websites that track grey market activity. Based on the upper price band of Rs 53 per share, the shares are estimated to list at around Rs 66 apiece, implying a premium of about 24.5 per cent.

However, investors should note that GMP is an unofficial indicator and does not necessarily reflect the stock's actual listing performance.

About Ardee Industries

Incorporated in 1993, Ardee Industries is engaged in the recovery and recycling of end-of-life energy storage products and non-ferrous scrap. It manufactures pure lead and specialised lead alloys, including lead calcium, lead antimony, lead tin, lead silver and lead cadmium alloys, which are used across sectors such as energy storage, electric mobility, automotive and chemicals.

The company operates a manufacturing facility spread over about 7.61 acres in Andhra Pradesh's Tirupati district, with an installed capacity of 104,025 metric tonnes per annum. As of March 31, 2025, it had supplied products to more than 50 customers across India and overseas, exporting to seven countries including the US, Japan, South Korea, Singapore and the UAE.

Ardee Industries Financial Performance

For the financial year ended March 31, 2026, Ardee Industries reported total income of Rs 1,168.88 crore, up from Rs 743.53 crore in the previous year. Its profit after tax (PAT) jumped to Rs 84.68 crore from Rs 33.27 crore a year earlier.

The company reported earnings per share (EPS) of Rs 2.69 on a post-issue basis. At the upper price band of Rs 53, the IPO is valued at a price-to-earnings (P/E) multiple of 19.7 times.