Ardee Industries Limited IPO Details

Factual IPO information from public filings. Not investment advice.

Issue Details

Price Band: ₹50 – ₹53
Lot Size: 281 shares
Min. Investment: ₹14,893
Total Issue Size: ₹425.87 Cr; 8,03,51,950 shares
Fresh Issue: ₹320 Cr; 6,03,76,950 shares
Offer for Sale: ₹105.87 Cr; 1,99,75,000 shares
Face Value: ₹2 per share
Issue Type: Book-built IPO
Listing At: BSE, NSE
Shares Pre-Issue: 25,48,24,000
Shares Post-Issue: 31,52,00,950

Lot Size & Investment

1 lot = 281 shares

Retail (min)

1 lot · 281 shares

Retail (max)

13 lots · 3,653 shares

S-HNI (min)

14 lots · 3,934 shares

Application	Lots	Shares	Amount
Retail	1	281	₹14,893
Small HNI (S-HNI)	14	3,934	₹2,08,502
Big HNI (B-HNI)	68	19,108	₹10,12,724

Financial Performance

Restated figures in ₹ crore, unless stated otherwise

Financial performance by period
Period	Mar-26	Mar-25	Mar-24
Assets	363.33	262.06	196.12
Total Income	1,168.88	743.53	463.39
Profit After Tax	84.68	33.27	8.95
EBITDA	147.08	65.93	28.06
Net Worth	147.38	62.6	29.25
Reserves & Surplus	96.42	59.42	26.06
Total Borrowing	182.75	165.77	142.36

Key Performance Indicators

Key performance indicators
Period	Mar-26	Mar-25
RoNW (%)	57.46	53.15
EPS (₹)	—	3.32
P/E (pre-issue)	—	15.96
P/E (post-issue)	—	19.7

About Ardee Industries Limited

Incorporated in 1993, Ardee Industries Limited is a prominent Indian company, with a core focus on the sustainable recovery and recycling of end-of-life energy storage products and non-ferrous scrap. Its product range includes high-purity lead and specialised lead alloys such as lead calcium, lead antimony, lead tin, lead silver, and lead cadmium alloys. These products are widely used across key sectors, including energy storage, e-mobility, automotive, and chemicals. As of March 31, 2025, Ardee Industries has served over 50 customers across domestic and international markets, spanning the battery and metals industries. The Company has exported its products to seven countries, including Singapore, Hong Kong, South Korea, Switzerland, the United Arab Emirates, Japan, and the United States of America. The Company owns and operates a manufacturing facility spread across approximately 7.61 acres in Tirupati district, Andhra Pradesh, with an installed capacity of 104,025 MTPA. The facility is equipped with advanced lead recycling infrastructure, including rotary furnaces, refining kettles, casting systems, and comprehensive pollution control mechanisms. It is certified under ISO 9001:2015 for quality management, ISO 14001:2015 for environmental management, and ISO 45001:2018 for occupational health and safety. Competitive strengths: One of India’s leading players in circular economy with a proven track record with demonstrated operational stability. Application of Hedging Mechanism for Commodity Price Risk Related Protection. Strong customer base along with robust raw materials sourcing capabilities. Track record of profitability and consistent financial performance. Experienced promoters and professional management team.