Ardee Industries IPO: Price Band, Key Dates and Issue Details

Mumbai | July 29, 2026 

Ardee Industries Limited, a Tirupati-based lead recycling and alloys manufacturer, has set the price band for its book-built initial public offering at ₹50 to ₹53 per equity share, valuing the company at ₹1,670.5 crore ahead of its market debut in August 2026. 

Ardee Industries IPO: Key Dates and Issue Details 

The IPO comprises a fresh issue of 6,03,77,358 shares aggregating up to ₹320 crore, and an offer for sale of 1,99,75,000 shares aggregating up to ₹105.87 crore by the promoter selling shareholders. The total issue size is 8,03,52,358 shares, aggregating up to ₹425.87 crore. The issue opens for anchor investors on August 4, 2026, with the public subscription window from August 5 to August 7, 2026. Allotment is expected to be finalised on August 10, 2026, with refunds and credit of shares on August 11, 2026, and listing on the BSE and NSE on August 12, 2026. 

Lot Size and Minimum Investment 

The face value of each share is ₹2. Investors can bid for a minimum of 281 shares in one lot, and in multiples thereof. At the upper price band, the minimum investment for a retail investor is ₹14,893 for one lot. Pantomath Capital Advisors Pvt. Ltd. is the book running lead manager, and KFin Technologies Ltd. is the registrar. 

Objects of the Issue 

Ardee Industries proposes to utilise the net proceeds from the fresh issue towards funding incremental working capital requirements to the extent of ₹220.00 crore and repayment or pre-payment of certain borrowings to the extent of ₹20.00 crore. The remaining net proceeds will be utilised for general corporate purposes.  

About Ardee Industries Ltd 

Incorporated in 1993, Ardee Industries is engaged in the sustainable recovery and recycling of end-of-life energy storage products and non-ferrous scrap. Its product range includes high-purity lead and specialised lead alloys, including lead calcium, lead antimony, lead tin, lead silver and lead cadmium alloys, used across the energy storage, e-mobility, automotive and chemicals sectors. As of March 31, 2025, the company had served more than 50 customers across domestic and international markets, exporting to seven countries including Singapore, Hong Kong, South Korea, Switzerland, the United Arab Emirates, Japan and the United States. The company operates a manufacturing facility spread across approximately 7.61 acres in Tirupati district, Andhra Pradesh, with an installed capacity of 104,025 MTPA, certified under ISO 9001:2015, ISO 14001:2015 and ISO 45001:2018. 

Financial Performance 

Ardee Industries’ total income rose to ₹1,168.88 crore in FY26 from ₹743.53 crore in FY25, while profit after tax increased to ₹84.68 crore from ₹33.27 crore, a rise of 57 per cent in revenue and 155 per cent in profit after tax over the period. 

Amount in ₹ Crore 

Outlook 

The Ardee Industries IPO closes on August 7, 2026, with listing on the BSE and NSE set for August 12, 2026. 

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