Ardee Industries
OPENIPO Date: 5 Aug - 7 Aug 2026
Listing Date: 12 Aug 2026
Price Range
₹50 – ₹53
Issue Size
426 Cr
Min Investment
₹14,050
Lot Size
281 Shares
Schedule of Ardee Industries
Issue open date
5 Aug 2026
Issue close date
7 Aug 2026
UPI mandate deadline
7 Aug 2026 (5 PM)
Allotment finalization
10 Aug 2026
Share credit
11 Aug 2026
Listing date
12 Aug 2026
Mandate end date
22 Aug 2026
Issue size
| Funds Raised in the IPO | Amount |
|---|---|
| Overall | 426 Cr |
| Fresh Issue | 6.04 Cr |
| Offer for Sale | 2 Cr |
Allotment DetailsNew
| Allotment Timeline | Details |
|---|---|
| Allotment Date | 10 Aug 2026 |
| Allotment Link | {Link} |
Grey Market PremiumNew
Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.
| Date | Ipo Price | GMP | Estimated Listing Price |
|---|---|---|---|
| 6 Aug 2026 | ₹53 | ₹15 | ₹68 (28.3%) |
| 5 Aug 2026 | ₹53 | ₹15 | ₹68 (28.77%) |
| 4 Aug 2026 | ₹53 | ₹8 | ₹61 (15.09%) |
| 3 Aug 2026 | ₹53 | ₹7 | ₹60 (14.15%) |
| 2 Aug 2026 | ₹53 | ₹7 | ₹60 (12.74%) |
| 1 Aug 2026 | ₹53 | ₹7 | ₹60 (13.21%) |
| 31 Jul 2026 | ₹53 | ₹6 | ₹59 (12.26%) |
| 30 Jul 2026 | ₹53 | ₹13 | ₹66 (24.53%) |
| 29 Jul 2026 | ₹53 | ₹13 | ₹66 (24.53%) |
Performance Ardee Industries
| Issue Price | Listing Gain | Current Market Price | P/L |
|---|---|---|---|
| ₹50 – ₹53 | .... | .... | .... |
About Ardee Industries
Ardee Industries Limited is a metal recycling and refining company engaged in the recovery and processing of end-of-life lead-acid batteries and non-ferrous metal scrap. The company manufactures high-purity refined lead and specialised lead alloys, including lead-calcium, lead-antimony, and lead-tin alloys, catering to industries such as automotive, energy storage, e-mobility, and chemicals. It operates an integrated recycling and manufacturing facility at Naidupet, Andhra Pradesh, where recyclable scrap is converted into products meeting international purity standards of 99.97% to 99.985%. The company derives revenue from the domestic and export sale of refined lead products to battery manufacturers and industrial customers across India, Singapore, Switzerland, and South Korea.
| Founded in | 1999 |
| Managing director | Venkata Ramana Reddy Arigela |
| Parent organization |
Financial Overview
Strengths
- Integrated recycling and refining operations with a focus on the circular economy.
- Manufactures high-purity lead and customised lead alloys that comply with international quality standards.
- Well-diversified customer base across domestic and export markets, reducing dependence on a single geography.
- Benefits from growing demand for lead used in automotive, industrial, and energy storage batteries.
Risks
- Revenue is significantly dependent on demand from the lead-acid battery industry.
- Earnings are exposed to fluctuations in global lead prices and scrap availability.
- Operations are subject to stringent environmental and pollution-control regulations governing recycling activities.
- Export sales expose the company to foreign exchange fluctuations and international trade risks.
Subscription Figures
| Category | Subscription (No. of times) |
|---|---|
| Qualified Institutional Buyers (QIBs) | 1.32 |
| Non-Institutional Investors (NIIs) | 31.16 |
| Retail Individual Investors (RIIs) | 14.7 |
| Employee | N/A |
| Total | 14.4 |