Ardee Industries IPO Description – Ardee Industries operates in India’s secondary metals and circular-economy value chain, focusing on the environmentally responsible recovery and recycling of end-of-life energy storage products (including used lead-acid batteries) and non-ferrous scrap to reclaim critical resources from waste streams (Source: F&S Report). The company’s output basket spans pure lead and a range of lead alloys, including lead calcium, antimony, tin, silver and cadmium alloys, serving applications across energy storage, e-mobility, automotive and chemical end markets. Products are engineered to customer specifications, with reported purity levels of 99.97% to 99.985% in line with international standards. As per the F&S Report, Ardee is among the fastest-growing peers by revenue, delivering a 33.15% revenue CAGR over the last three fiscals.
Manufacturing is anchored by a ~7.61-acre facility in Tirupati, Andhra Pradesh, with installed recycling capacity of 104,025 MTPA, supported by rotary furnaces, refining kettles, casting lines and pollution-control systems. Location advantages include proximity to large battery manufacturers (e.g., Amara Raja Energy & Mobility) and port access, with Chennai (~150 km) and Kattupalli/Ennore (~130 km each) aiding logistics for domestic dispatch and exports. As of 31 August 2025, it has 234 permanent and 337 contractual employees.
Promoters of Ardee Industries – Sandeep Aggarwal, Nikunj Aggarwal, Esha Gupta
Ardee Industries IPO Details
| Ardee Industries IPO Dates | Coming soon |
| Ardee Industries Issue Price | Coming soon |
| Fresh Issue | INR 320 crore |
| Offer For Sale | 3,76,50,000 shares |
| Total IPO Size | Coming soon |
| Minimum Bid (Lot Size) | Coming soon |
| Pre-issue Shares | *** shares |
| Face Value | INR 2 per share |
| Listing On | NSE, BSE |
Ardee Industries IPO Allocation in Different Categories
Ardee Industries Financial Performance
| FY 2023 | FY 2024 | FY 2025 | |
| Revenue | 411.78 | 462.96 | 742.74 |
| Expenses | 399.07 | 451.61 | 698.88 |
| Net Income | 8.57 | 8.94 | 33.27 |
| Margin (%) | 2.08 | 1.93 | 4.48 |
Ardee Industries Offer News
Ardee Industries Valuations & Margins
| FY 2023 | FY 2024 | FY 2025 (Pre-Issue) | FY 2025 (Post-Issue) | |
| EPS | 0.34 | 0.35 | 1.31 | – |
| PE Ratio | – | – | – | – |
| FY 2023 | FY 2024 | FY 2025 | |
| RONW (%) | 42.38 | 30.61 | 53.15 |
| Price/Book Ratio | |||
| Current Ratio | |||
| Price/Sales Ratio | |||
| NAV | 0.79 | 1.15 | 2.46 |
| ROCE (%) | 19.77 | 12.83 | 25.17 |
| EBITDA (%) | 5.53 | 6.06 | 8.88 |
| Debt/Equity | 4.00 | 4.87 | 2.65 |
Evaluate the quality of an IPO using these essential investing ratios to make an informed decision.
Ardee Industries IPO Anchor Investors
Ardee Industries raises () from anchor investors. Ardee Industries Anchor bid date is ().
| Bid Date | Coming soon |
| Shares Offered | Coming soon |
| Anchor Portion (INR Cr.) | Coming soon |
| Anchor lock-in period end date for 50% shares (30 Days) | Coming soon |
| Anchor lock-in period end date for remaining shares (90 Days) | Coming soon |
Ardee Industries IPO GMP Today (Daily Trend)
Ardee Industries Offer Objectives
The company proposes to utilize net proceeds from the issue towards the following objects:
- Funding the incremental working capital requirement of the company – INR 220 crore
- Repayment and/or pre-payment, in full or in part, of certain borrowings availed by the company – INR 22 crore
- General Corporate Purposes
Ardee Industries IPO Subscription – Live Updates
Coming soon
() shares allotted to anchor investors are not included in these calculations.
Ardee Industries – Comparison With Listed Peers
| Company | PE ratio | EPS | RONW (%) | NAV | Revenue (Cr.) |
| Ardee Industries | – | 1.31 | 53.15 | 2.46 | 742.74 |
| Gravita India | 36.84 | 45.11 | 15.12 | 280.44 | 3,868.77 |
| Pondy Oxides | 62.90 | 21.08 | 9.79 | 210.81 | 2,056.91 |
Ardee Industries IPO Allotment Status
You can check Ardee Industries IPO allotment status on KFin Technologies website. Click on this link to get the allotment status. Often not getting IPO allotment? Learn how to improve your IPO allotment chances.
Ardee Industries IPO Dates & Listing Performance
| IPO Opening Date | Coming soon |
| IPO Closing Date | Coming soon |
| Finalization of Basis of Allotment | Coming soon |
| Initiation of refunds | Coming soon |
| Transfer of shares to demat accounts | Coming soon |
| Ardee Industries IPO Listing Date | Coming soon |
| Opening Price on NSE | Coming soon |
| Closing Price on NSE | Coming soon |
Ardee Industries IPO Reviews – Subscribe or Avoid?
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Ardee Industries IPO Lead Manager
PANTOMATH CAPITAL ADVISORS PRIVATE LIMITED
Pantomath Nucleus House, Saki Vihar Road,
Andheri East, Mumbai – 400072 Maharashtra, India
Phone: 18008898711
Email: [email protected]
Website: www.pantomathgroup.com
Ardee Industries Offer Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032
Tel: +91 40 6716 2222
E-mail: [email protected]
Website: www.kfintech.com
ARDEE INDUSTRIES LIMITED
Khasra No. 340, 1st Floor and 3rd Floor,
Village Sultanpur, Mehrauli, Gadaipur, New Delhi – 110 030, India
Tel: +91 11 4760 0214
E-mail: [email protected]
Website: www.ardeeindustries.com
IPO Resources
How many shares in Ardee Industries IPO are reserved for HNIs and retail investors?
The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.
How to apply in Ardee Industries Public Offer?
What is Ardee Industries IPO GMP today?
Ardee Industries IPO GMP today is INR NA per share.
What is Ardee Industries kostak rate today?
Ardee Industries kostak rate today is INR NA per application.
What is Ardee Industries Subject to Sauda rate today?
Ardee Industries Subject to Sauda rate today is INR NA per application.
Krishna comes from a family of investors and financial analysts, She learnt wading through regulatory filings pretty early in her career. She has several years of experience in financial and industry analysis under her belt. At IPO Central, Krishna plays twin roles of Contributor and Head of research desk.
