Ardee Industries IPO Opens 5 August At Price Band Of ₹50-₹53; Check Other Key Details

Ardee Industries, a Haryana-based recycler of end-of-life energy storage products and non-ferrous scrap, will open its initial public offering (IPO) for public subscription on 5 August.

The IPO closes on 7 August, with anchor investor bidding on 4 August. The price band has been fixed at ₹50 to ₹53 per share, with a face value of ₹2 per share.

Share allotment is expected to be finalised by 10 August, with refunds and credit of shares on 11 August. The stock is set to list on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on 12 August.

This is the first mainboard IPO to open in August, following public issues worth more than ₹51,000 crore launched between January and July 2026.

Issue Structure

The Ardee Industries IPO combines a fresh issue of ₹320 crore with an offer for sale of 1.99 crore equity shares by the two promoters. Sandeep Aggarwal and Nikunj Aggarwal will each offload 99.87 lakh shares through the offer for sale.

The minimum bid lot is 281 equity shares, with bids in multiples of 281 thereafter. Of the total issue, 50% is reserved for qualified institutional buyers, 35% for retail investors and 15% for non-institutional investors.

Use Of Fresh Issue Proceeds

Of the net proceeds from the fresh issue, ₹220 crore will be used to meet incremental working capital requirements. Another ₹20 crore has been set aside for debt repayment, while the remaining amount will be used for general corporate purposes.

About The Company

Ardee Industries is engaged in the recycling of end-of-life energy storage products and non-ferrous scrap. It has an installed recycling capacity of 1,56,950 MTPA. The company’s core products include pure lead and lead alloys that cater to the energy storage, electric mobility, automotive and chemicals industries.

The company filed its draft papers with the Securities and Exchange Board of India (SEBI) in September 2025 and received regulatory clearance in February 2026. Pantomath Capital Advisors is the book-running lead manager, and KFin Technologies is the registrar.

Financial Performance

FY26 was a great year for growth in both revenue and profitability. Net profit during the year jumped 154.5% to ₹84.7 crore from ₹33.3 crore in FY25, while revenue rose 57.2% to ₹1,167.7 crore from ₹742.7 crore during the same period.

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