Ardee Industries IPO price band: The Ardee Industries Limited IPO price band has been fixed in the range of ₹50 to ₹53 per equity share of the face value of ₹2. The Ardee Industries IPO date of subscription is scheduled for Wednesday, 5 August and will close on Friday, 7 August. The allocation to anchor investors for the Ardee Industries IPO is scheduled to take place on Tuesday, 4 August.
The Ardee Industries IPO lot size is 281 equity shares and in multiples of 281 equity shares thereafter.
Ardee Industries IPO has reserved not more than 50% of the shares in the public issue for qualified institutional buyers (QIB), not less than 15% for non-institutional Institutional Investors (NII), and not less than 35% of the offer is reserved for retail investors.
Tentatively, Ardee Industries IPO basis of allotment of shares will be finalised on Monday, 10 August and the company will initiate refunds on Tuesday, 11 August, while the shares will be credited to the demat account of allottees on the same day following refund. Ardee Industries share price is likely to be listed on BSE and NSE on Wednesday, 12 August.
Ardee Industries IPO details
The IPO comprises a fresh issue of equity shares worth up to ₹320 crore along with an offer for sale (OFS) of 1.99 crore equity shares by its promoters.
According to the red herring prospectus (RHP) filed on 27 July, promoters Sandeep Aggarwal and Nikunj Aggarwal will each offload 99.87 lakh equity shares through the OFS.
The company plans to utilise ₹220 crore from the net proceeds of the fresh issue towards meeting its incremental working capital requirements. It has also earmarked ₹20 crore for the repayment of debt, while the remaining proceeds will be used for general corporate purposes.
Pantomath Capital Advisors Pvt. Ltd. is the book-running lead manager to the issue, while KFin Technologies Ltd. has been appointed as the registrar to the IPO.
Company details
Ardee Industries is engaged in the recycling of end-of-life energy storage products and non-ferrous scrap, with an installed recycling capacity of 1,56,950 MTPA. The company manufactures pure lead and lead alloys, which cater to diverse industries, including energy storage, electric mobility, automotive, and chemicals.
The company has delivered strong financial growth in recent years. Ardee Industries’ profit increased 154.5% to ₹84.7 crore in the year ended March 2026, compared with ₹33.3 crore in the previous year. During the same period, its revenue grew 57.2% to ₹1,167.7 crore from ₹742.7 crore, reflecting improved operational performance and business expansion.
Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
About The Author
