Ardee Industries IPO: Shares Soar 35.8% on NSE Debut
By Business Desk
Ardee Industries lists at a 35.8% premium on NSE, opening at ₹72. Retail investors see significant gains on their initial investment.
Ardee Industries shares debuted at a 35.8% premium on the National Stock Exchange (NSE) today, August 12. The stock listed at ₹72, significantly above its ₹53 IPO price.
Key Listing Figures
- NSE Listing Price: ₹72
- NSE Premium: 35.8%
- BSE Opening Price: ₹73.6
- BSE Increase: 38.8%
- Initial Retail Investment (281 shares): ₹14,893
- Retail Investment Value (NSE): ₹20,232
- Retail Investment Value (BSE): ₹20,681.6
The eco-friendly recycler of energy storage products saw its ₹425.87 crore IPO oversubscribed 133.66 times. Proceeds are earmarked for debt repayment (₹20 crore), working capital (₹220 crore), and general corporate purposes.
Company Operations
Ardee Industries operates a 7.61-acre facility in Tirupati, Andhra Pradesh. Its installed capacity surged from 54,750 MTPA in FY24 to 156,950 MTPA as of March 31, 2026, marking substantial growth.
The company served over 50 customers by March 31, 2026, with Amara Raja Energy & Mobility identified as its largest domestic client. Revenue from pure lead constituted 56.4% in FY26, highlighting a key segment.
Exports, primarily to Singapore and Switzerland, demonstrated a 138.6% Compound Annual Growth Rate (CAGR) from FY24 to FY26. This significant growth underscores its international market penetration.
Demand for recycled lead is fueled by growth in automotive manufacturing, telecom towers, data centers, and solar power backup applications, indicating robust sector tailwinds.