Summary of this article
Ardee Industries shares debuted with a strong market premium.
The IPO was oversubscribed over 133 times across categories.
Funds raised will support working capital and debt repayment.
Shares of Ardee Industries are set to make their debut today on the NSE and the BSE on August 12, 2026, with strong anticipated gains. The stock listed at Rs 72 per share on the NSE indicating a premium of 35.84 per cent from the issue price of Rs 53 apiece. One the BSE the stock listed at Rs 73.6 apiece up by 38.86 per cent compared to the issue price.
Ardee Industries Expected Listing Day Gain
Applicants who were successfully allotted a minimum of one lot or 281 shares of Ardee Industries could make an estimated profit of around Rs 6,069.6 (Rs 73.6 - Rs 53 x 281) once the stock lists on the exchanges. The company’s total market capitalisation stands at Rs 2,319.88 crore at the upper price band, and 1.38 million shares of the company changed hands following the listing of the stock.
Ardee Industries IPO: Offer Size
Ardee Industries initial public offering (IPO) was worth Rs 425.87 crore. The non-ferrous metal scrap recycler’s issue consisted of a fresh issue of 60.4 million shares aggregating to Rs 320 crore and an offer for sale (OFS) of 20 million shares worth Rs 105.87 crore. The price band was fixed at Rs 50-53 per share.
Ardee Industries IPO: Subscription
The minimum lot size for retail investors was fixed at one lot or 281 shares, which aggregated to an investment of Rs 14,893. The IPO was oversubscribed 133.66 times during its subscription period from August 5-August 7, 2026. Investors across categories placed bids for over 7.80 billion shares compared to the net offer size of 58.4 million shares.
The non-institutional investors (NII) quota was booked 255.24 times, while the retail investor category was booked 45.71 times. The issue was booked 197.77 times in the qualified institutional buyer (QIB) category.
Ardee Industries: Promoters
The promoters of the recycling company include Sandeep Aggarwal, Nikunj Aggarwal, and Esha Gupta. Following the listing of the stock, their shareholding will reduce from 91.48 per cent before the public issue to 67.62 per cent.
Ardee Industries: Listed Peers
Following its successful market debut, shares of Ardee Industries will trade alongside peers in the Indian metal recycling sector. The company’s listed competitors include companies such as Jain Resource Recycling. Ardee Industries’ performance and valuation will be closely tracked and compared against other players following the listing of the stock.
Ardee Industries IPO: Objective
Ardee Industries will use the funds raised through the IPO to fund its incremental working capital requirements, repay or pre-pay certain outstanding borrowings in full or in part, and for general corporate purposes.
At the time of writing, Ardee Industries shares traded at Rs 69.32 apiece down by 5.82 per cent on the BSE. On the NSE, Ardee Industries shares traded at Rs 70.78 apiece down by 1.69 per cent.
