Ardee Industries IPO Day 1: Subscription Status, Timeline & Key Issue Details
Ardee Industries’ ₹425.87 crore IPO opened for public subscription today, August 5, 2026, with a price band of ₹50 to ₹53 per share. As of 10:15 A.M. on the first day of bidding, the issue had been subscribed 0.11 times.
The IPO will remain open for subscription until August 7, 2026. The basis of allotment is expected to be finalised on August 10, 2026, while the shares are tentatively scheduled to be listed on the NSE and BSE on August 12, 2026.
Ardee Industries IPO - Issue Details
- Issue Type: Book Built Issue (Fresh Issue + OFS)
- Total Issue Size: Up to ₹425.87 crore
- Fresh Issue: Up to ₹320.00 crore
- Offer for Sale (OFS): Up to ₹105.87 crore
- Face Value: ₹2 per equity share
- Price Band: ₹50 to ₹53 per share
- Lot Size: 281 shares
- Minimum Investment Amount (Retail Investor): ₹14,893 (281 shares at the upper price band)
- Listing: BSE, NSE
- Book Running Lead Managers: Pantomath Capital Advisors Private Limited
- Registrar: KFin Technologies Limited
Ardee Industries IPO Timeline (Tentative)
The expected IPO schedule is as follows:
|
Event |
Date |
|
Subscription Opening Date |
5 August 2026 |
|
Subscription Closing Date |
7 August 2026 |
|
Basis of Allotment Date |
10 August 2026 |
|
Refund Initiation Date |
11 August 2026 |
|
Credit of Shares |
11 August 2026 |
|
Listing on BSE and NSE |
12 August 2026 |
Note: The allotment and listing dates are tentative and may be revised.
Explore other Upcoming IPOs on BSE and NSE.
Utilisation of IPO Proceeds
The company intends to utilise the net proceeds from the fresh issue towards:
- Funding incremental working capital requirement of the company
- Repayment and/or, prepayment, in full or in part, of certain outstanding borrowings availed by the company
- General corporate purposes.
Ardee Industries Day 1 Subscription Status
[August 5, 2026, 10:15 A.M.]
|
Category |
Subscription (x) |
|
Qualified Institutional Buyers (QIBs) |
0.00x |
|
Non-Institutional Investors (NIIs) |
0.14x |
|
Retail Individual Investors (RIIs) |
0.16x |
|
Total |
0.11x |
About Ardee Industries Limited
Ardee Industries Limited is one of India's leading circular economy companies, specialising in the recycling of end-of-life energy storage products and non-ferrous metal scrap. The company manufactures pure lead and customised lead alloys used across industries such as energy storage, e-mobility, automotive, and chemicals.
Ardee Industries has an installed recycling capacity of 156,950 MTPA and generates revenue through the sale of recycled and refined non-ferrous metal products in domestic and international markets. By recovering critical metals from waste, the company supports India's circular economy and reduces dependence on imported resources.
Key Financial Highlights
|
Particulars |
FY26 (in ₹ crore) |
FY25 (in ₹ crore) |
FY24 (in ₹ crore) |
|
Revenue from operations |
1,167.65 |
742.74 |
462.96 |
|
EBITDA |
147.08 |
65.93 |
28.06 |
|
Profit After Tax |
84.68 |
33.27 |
8.95 |
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