Ardee Industries IPO 2026: GMP, Price Band, Issue Size, Dates, Financials & Review

The Ardee Industries IPO is one of the upcoming mainboard IPOs in India's diversified metals and recycling sector. The company has filed a Book Build Issue comprising a fresh issue worth ₹320 crore along with an Offer for Sale (OFS) of 3.77 crore equity shares.

Although the company has not yet announced the IPO dates, price band, lot size, or total issue size, investors are closely tracking the Ardee Industries IPO GMP, subscription status, and allotment updates. The IPO proceeds from the fresh issue will primarily be used for working capital requirements, debt repayment, and general corporate purposes.

Ardee Industries IPO Details

Ardee Industries IPO Timeline

Competitive Strengths

• Strong position in India's circular economy and battery recycling industry.
• Large integrated lead recycling facility.
• Well-diversified domestic and export customer base.
• Commodity price risk managed through hedging mechanisms.
• ISO-certified manufacturing operations.
• Experienced promoters and professional management team.
• Consistent revenue and profitability growth.

Financial Performance

Ardee Industries has reported strong financial growth over the last three financial years.

Key Financial Highlights

• Revenue increased nearly 60% YoY in FY25.
• PAT jumped to ₹33.27 crore from ₹8.95 crore.
• EBITDA margin improved to 8.88%.
• ROE stood at an impressive 72%.
• RoNW reached 53.15%.

IPO Objectives

The company proposes to utilize the net proceeds towards:

Ardee Industries IPO GMP

As of 12 August 2026, Ardee Industries is listing today, and the IPO GMP stands at ₹17.

Ardee Industries IPO Subscription Status

The Ardee Industries IPO is Closed on 7 august for subscription. The subscription data is given below:

Current Subscription: - 138.83x

Subscription data is updated and bidding is end on 7 August 2026 .

Ardee Industries IPO Day-wise Subscription Trend

What is current subscription data for Ardee Industries IPO?

The current subscription data is updated in report by the total number of offering compare with total shares bid in each category for Ardee Industries IPO. Numbers are calculated from BSE, NSE data.

Key Performance Indicators

Peer Comparison

About Ardee Industries (Business Overview)

Ardee Industries Limited is an Indian diversified metals recycling company focused on the sustainable recovery and recycling of end-of-life batteries and non-ferrous metal scrap. The company manufactures high-purity lead and customized lead alloys catering to industries such as automotive, energy storage, e-mobility, chemicals, and industrial manufacturing.

Its manufacturing facility, spread across 7.61 acres in Tirupati, Andhra Pradesh, has an installed recycling capacity of 104,025 MTPA. The plant features advanced rotary furnaces, refining kettles, automated casting systems, and pollution-control infrastructure.

The company exports products to countries including the United States, Japan, UAE, Singapore, South Korea, Switzerland, and Hong Kong, while serving more than 50 domestic and international customers.

Risks to Consider

• High dependence on lead prices and commodity cycles.
• Business is subject to environmental and pollution regulations.
• Significant borrowings remain on the balance sheet.
• Export demand and foreign exchange fluctuations may affect earnings.
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Should You Invest in Ardee Industries IPO?

Ardee Industries operates in the fast-growing battery recycling and non-ferrous metals industry, supported by increasing demand from electric vehicles, renewable energy storage, and industrial applications. The company has demonstrated strong revenue growth, improving profitability, and excellent return ratios while maintaining a diversified export business.

However, investors should wait for the announcement of the price band, valuation, and subscription response before making an investment decision. Tracking the Ardee Industries IPO GMP, financial metrics, and peer valuation will provide a better picture of its listing potential.

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Summary

Ardee Industries is entering the capital markets with a fresh issue aimed at strengthening working capital and reducing debt. The company has built a strong presence in the lead recycling and sustainable metals segment, backed by growing exports and improving financial performance. While the IPO fundamentals appear encouraging, investors should monitor the final issue price, valuation, GMP trend, and subscription demand before investing.

FAQs

What is the Ardee Industries IPO?

It is a mainboard Book Build IPO comprising a ₹320 crore fresh issue and an Offer for Sale of 3.77 crore shares.

What is the Ardee Industries IPO price band?

The company has a ₹50 - ₹53 price band .

What is the Ardee Industries IPO GMP today?

The latest Grey Market Premium (GMP) is ₹17 as of 12 August 2026.

What are the IPO dates?

• IPO Opens: 5 August 2026
• IPO Closes: 7 August 2026
• Basis of Allotment: 10 August 2026
• Refund Initiation: 11 August 2026
• Shares Credited: 11 August 2026
• Listing Date: 12 August 2026

What is the registrar of the IPO?

Kfin Technologies Ltd.

What will the IPO proceeds be used for?

The proceeds will fund working capital requirements, debt repayment, and general corporate purposes.

Is Ardee Industries profitable?

Yes. The company reported ₹33.27 crore PAT in FY25 compared with ₹8.95 crore in FY24.

Where will Ardee Industries IPO list?

The shares are proposed to be listed on BSE and NSE.

Sources

• Draft Red Herring Prospectus (DRHP) of Ardee Industries Ltd.
• SEBI Filings
• Company disclosures
• BSE & NSE IPO updates
• Registrar (Kfin Technologies Ltd.) information
• InvestKraft

Disclaimer

The GMP (Grey Market Premium) mentioned above is unofficial and may change frequently. It should not be considered a guarantee of listing gains or investment returns. Investors should read the DRHP/RHP carefully and consult a qualified financial advisor before investing in any IPO.

Author: Komal Bhatt

Komal Bhatt is a finance content writer at InvestKraft, specialising in well-researched articles on financial products, stock markets, and investment opportunities, with a particular focus on unlisted shares.

She holds a Master’s degree in Commerce from the University of Delhi, which gives her a solid academic foundation in finance and business. With over three years of hands-on experience in creating digital finance content, Komal has developed a clear understanding of investor needs through her work on wealth management, NISM certification programs, and market education materials.

Komal is passionate when it comes to breaking down complex financial concepts into simple, accurate and actionable insights. Her goal is to help everyday investors understand markets better and make more informed decisions based on reliable, research-backed information.