Ardee Industries IPO Details

About the Company:

Ardee Industries Limited is a leading player in India's circular economy, engaged in the environmentally responsible recycling and recovery of end-of-life energy storage products and non-ferrous metal scrap.

The company manufactures high-purity lead and lead alloys, including Lead-Calcium, Lead-Antimony, and Lead-Tin alloys, by processing recyclable materials such as used lead-acid batteries, lead scrap, and remelted lead ingots. Its manufacturing facility is located in Naidupet, Andhra Pradesh.

Ardee produces lead with purity levels ranging from 99.97% to 99.985%, catering to both domestic and international customers. Its products are widely used across industries such as energy storage, e-mobility, automotive, and chemicals, with exports to Singapore, Switzerland, and South Korea.

Objects of the Issue:

• Funding incremental working capital requirements

• Repayment and/or prepayment of certain borrowings

• General corporate purposes

Financial Snapshot (FY24 – FY26)

• Revenue: ₹463 Cr → ₹743 Cr → ₹1,168 Cr (Strong growth of ~152% in two years)

• Net Profit: ₹8.95 Cr → ₹33.27 Cr → ₹84.68 Cr (Profit increased nearly 9.5x over FY24)

• Debt: ₹142 Cr → ₹166 Cr → ₹183 Cr (Debt increased gradually to support business expansion)

• Profitability: Significant improvement in earnings reflects better operating performance and scale.

• Valuation: IPO priced at a P/E of 19.73x, compared to the sector average P/E of 16.20x.
  

Ardee Industries IPO Details

• IPO Dates: 05 – 07 Aug 2026

• Price Band: ₹50 to ₹53

• Lot Size: 281

• Shares Issue Size: ₹426 Cr

• Retail Quota: 35%

• GMP: ~ 20% (For information only)
  

Allotment link

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