Ardee Industries Limited
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Ardee Industries Limited's completed its IPO journey with a successful listing on NSE, BSE on Aug 12, 2026. The public offering mobilized 8,03,51,950 Shares in total capital, comprising 6,03,76,950 Shares in fresh equity and ₹105.87 Cr in Offer for Sale shares from existing stakeholders.
The offering was conducted within the price band of ₹50 to ₹53, with minimum application lots of 281 shares. Investor participation during the Aug 05, 2026 to Aug 07, 2026 subscription window determined the final allocation pattern.
The basis of allotment was announced on Aug 10, 2026, finalizing share distribution to successful applicants. The listing represents a significant corporate development, providing the company with enhanced visibility and access to public capital markets.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Ardee Industries Limited is an Indian company focused on sustainable recycling and recovery of end-of-life energy storage products and non-ferrous scrap, primarily producing high-purity lead and specialised lead alloys such as lead calcium, lead antimony, lead tin, lead silver, and lead cadmium, which are widely used in sectors like energy storage, e-mobility, automotive, and chemicals. The company serves over 50 customers across domestic and international markets and exports to countries including Singapore, Hong Kong, South Korea, Switzerland, the UAE, Japan, and the USA. It operates a manufacturing facility in Tirupati district, Andhra Pradesh, spread over about 7.61 acres with a strong production capacity and advanced recycling infrastructure, supporting efficient and environmentally responsible operations.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Leading Player in Lead Recycling: The company is one of India's leading secondary lead recyclers, supporting sustainable resource utilization through its recycling operations.
- Effective Commodity Price Risk Management: The company uses hedging strategies to reduce the impact of fluctuations in commodity prices and support stable financial performance.
- Strong Customer Base & Raw Material Sourcing: Long-term customer relationships and a reliable raw material procurement network help ensure smooth production and timely product deliveries.
- High Customer Concentration: A significant portion of the company's revenue comes from a few major customers. Losing any key customer could affect business performance and cash flow.
- Dependence on Battery & Metal Industries: Most of the company's revenue comes from the battery and metal sectors. Any slowdown in these industries could impact demand and profitability.
- Strict Quality Compliance Risk: The company must meet strict quality standards. Failure to maintain product quality could lead to order cancellations, reputational damage, and financial losses.
- Sandeep Aggarwal
- Mikunj Aggarwal
- Esha Gupta
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