Ardee Industries IPO Day 2: Subscription Status, Timeline & Key Issue Details
Ardee Industries’ ₹425.87 crore initial public offering (IPO) entered its second day of subscription today, August 6, 2026, with a price band of ₹50 to ₹53 per share. As of 10:30 A.M on day 2, the issue had been subscribed 3.95 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 IPO Day 2 Subscription Status
[August 6, 2026, 10:30 A.M.]
|
Category |
Subscription (x) |
|
Qualified Institutional Buyers (QIBs) |
1.10x |
|
Non-Institutional Investors (NIIs) |
7.67x |
|
Retail Individual Investors (RIIs) |
3.94x |
|
Total |
3.95x |
About Ardee Industries Limited
Ardee Industries Limited is an Indian circular economy company engaged in recycling end-of-life energy storage products and non-ferrous metal scrap. It produces pure lead and customised lead alloys that cater to industries including energy storage, automotive, e-mobility, and chemicals.
The company has an installed recycling capacity of 156,950 MTPA and earns revenue from the sale of recycled and refined non-ferrous metal products in both domestic and overseas markets. Through the recovery of valuable metals from waste, Ardee Industries contributes to resource conservation and supports the growth of a circular economy.
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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