Ardee Industries Limited
ListedRecycling · Mainboard IPO · INE0XNF01022
Price band
₹50 – ₹53
Lot size
281 shares
Min. investment
₹14,893
Issue size
₹426 Cr
Face value
₹2
Registrar
Kfin Technologies Ltd.
Issue timeline
Bidding opens
05 Aug 2026
Bidding closes
07 Aug 2026
Allotment
10 Aug 2026
Listing
12 Aug 2026
Final subscription
138.83x
overall
41,18,591
applications
₹41,387 Cr
bid value
| Category | Sub. (x) | Offered | Bid for | ₹ Cr* |
|---|---|---|---|---|
| Qualified Institutional (QIB) | 202.26x | 1,60,70,390 | 3,25,04,36,028 | 17,227 |
| Non-Institutional >₹10L (bNII) | 289.87x | 80,35,195 | 2,32,91,23,014 | 12,344 |
| Non-Institutional ₹2–10L (sNII) | 220.51x | 40,17,598 | 88,59,35,957 | 4,695 |
| Retail (RII) | 47.77x | 2,81,23,183 | 1,34,33,24,434 | 7,120 |
| Total | 138.83x | 5,62,46,366 | 7,80,88,19,433 | 41,387 |
Combined NSE + BSE subscription, sourced from the exchanges and updated periodically. * bid value approx (shares bid × cut-off price). Final subscription confirmed after the issue closes.
About the company
Ardee Industries Limited is a prominent Indian company focused on the sustainable recovery and recycling of end-of-life energy storage products and non-ferrous scrap.
Issue details
Issue size
₹426 Cr
Fresh issue
₹320 Cr
Offer for sale
₹106 Cr
Industry
Recycling
Promoter holding (pre)
91.48
Promoter holding (post)
67.62
Financials (₹ Cr)
| Metric | FY 2024 | FY 2025 | FY 2026 |
|---|---|---|---|
| Total income | 463.39 | 743.53 | 1,168.88 |
| EBITDA | 28.06 | 65.93 | 147.08 |
| Profit after tax | 8.95 | 33.27 | 84.68 Cr |
| Net worth | 29.25 | 62.60 | 147.38 Cr |
| Total assets | 196.12 | 262.06 | 363.33 |
| Total borrowing | 142.36 | 165.77 | 182.75 |
Objects of the issue
- Funding incremental working capital requirement of Company
- Repayment and/or pre-payment, in full or in part, of certain borrowings availed by Company
- General Corporate Purposes
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.
Risks
- The company operates in a highly competitive industry.
- Fluctuations in commodity prices may impact profitability.
- Regulatory changes may affect operations.
- Dependence on a limited number of customers for a significant portion of revenue.
Documents
Calculate your bid
At cut-off price ₹53
Lots
1
- Shares
- 281
- Amount
- ₹14,893
UPI mandate — funds are blocked, not debited.
- SEBI-registered broker — NSE member 90113
- Funds stay blocked in your own bank — debited only on allotment
- Apply for your whole family from one login