Ardee Industries IPO: ₹50-53 Price Band, ₹426 Cr Raise

Ardee Industries will launch its Initial Public Offering (IPO) from August 5 to August 7, aiming to raise ₹425.87 crore. The company has set the price band for the offering at ₹50-53 per share.

The IPO comprises a fresh issue of 6.04 crore equity shares, valued at ₹320 crore.

An Offer for Sale (OFS) of 2 crore equity shares, amounting to ₹105.87 crore, is also included.

Retail investors can bid for a minimum of 281 shares, requiring a minimum investment of ₹14,893 at the upper price band.

Offer Structure & Allocation

Ardee Industries has reserved 50% of the issue for qualified institutional buyers (QIBs).

Retail investors are allocated 35% of the issue.

Non-institutional investors (NIIs) will receive at least 15%.

Established in 1993, Ardee Industries specializes in recycling end-of-life energy storage products and non-ferrous scrap. The company produces high-purity lead and various lead alloys for sectors like energy storage and electric mobility.

As of March 31, 2025, the company served over 50 clients domestically and internationally. Exports reach seven countries, including Singapore, Hong Kong, South Korea, Switzerland, the UAE, Japan, and the United States.

Financial Performance Highlights

Total income for FY26 increased by 57% to ₹1,168.88 crore, up from ₹743.53 crore in FY25.

Profit after tax (PAT) surged by 155%, reaching ₹84.68 crore in FY26 from ₹33.27 crore in FY25.

EBITDA more than doubled to ₹147.08 crore in FY26, compared to ₹65.93 crore in FY25.

Net worth rose to ₹147.38 crore by March 31, 2026, from ₹62.60 crore a year prior.

Total borrowings increased to ₹182.75 crore as of March 31, 2026, reflecting business expansion.

Utilisation of Proceeds

Net proceeds from the fresh issue will strengthen Ardee Industries’ balance sheet and support future growth. ₹220 crore is earmarked for incremental working capital requirements.

Additionally, ₹20 crore will be used for the repayment or prepayment of certain borrowings. Remaining funds will be allocated for general corporate purposes.

Shares are expected to be allotted on August 10 and debut on the BSE and NSE on August 12.