A

Ardee Industries Ltd.

BSE
ListedListed on 12 Aug 2026+38.9%

₹50–53

₹ 310 Cr

281 Shares

₹ 14,050

₹2

Financial Summary

Standalone(in ₹ million)
ParticularsFY 2025-26FY 2024-25
11,676.537,427.35
12.37.91
11,688.837,435.26
10,205.716,768.01
1,129.44446.46
846.81332.71

Subscription Details

133.66xTotal
Subscription
45.71x
255.24x
197.77x
0.00x

IPO Timeline

IPO Offer Start

5 Aug 2026

IPO Offer Ends

7 Aug 2026

12 Aug 2026

Use of Proceeds

#PurposeAmount (₹ Million)
1Funding incremental working capital requirement of our Company2,200
2Repayment and/or pre-payment in full or in part of certain borrowings availed by our Company220
3General corporate purposes462.74

Promoters

Sandeep AggarwalNikunj AggarwalEsha Gupta

Book Running Lead Managers

Pantomath Capital Advisors Pvt Ltd.

Promoter Shareholding

Pre-IPO

100.00%

Promoter stake

Post-IPO

67.62%

Promoter stake

Offered to Public

5,84,22,516

shares

Post Share Capital

21,31,50,700

shares

About the Company

Ardee Industries Limited is one of India’s leading players in circular economy, specializing in the environmentally responsible recovery and recycling of end-of-life energy storage products and non-ferrous scrap, while reclaiming critical resources from waste streams (Source: F&S Report). Our product portfolio comprises pure lead and lead alloys such as lead calcium alloys, lead antimony alloys, lead tin alloys, lead silver alloys and lead cadmium alloys which find applications in critical industries including energy storage, e-mobility, automotive, chemical, among others. Our products are customisable to the requirements of our customers, with respect to the level of purity and/or composition with other metal and non-metal elements with purity levels ranging from 99.97% to 99.985% that conform to international standards. As per F&S Report, we are one of the fastest growing companies in terms of revenue amongst its peers with a revenue CAGR of 33.15% in the last three Fiscal.

Use of Proceeds

Our Company proposes to utilise the Net Poceeds towards funding the following objects:1. Funding incremental working capital requirement of our Company;2. Repayment and/or pre-payment, in full or in part, of certain borrowings availed by our Company; and3. General corporate purposes.