Ardee Industries Makes Strong Market Debut; Shares List at 35.8% Premium
Ardee Industries Limited made a strong stock market debut on Wednesday, August 12, 2026, with its shares listing at an 35.8% premium on the NSE. The stock opened at ₹72 apiece on the NSE against its IPO issue price of ₹53 per share. On the BSE, the shares debuted at ₹73.6, representing a 38.8% premium over the issue price.
The ₹425.8 crore public issue was open for subscription from August 5 to August 7, 2026, and received robust investor demand with the issue being subscribed 133.66 times by the end of the bidding period.
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 Overall Subscription Status
[August 7, 2026, 7:00 PM]
|
Category |
Subscription (x) |
|
Qualified Institutional Buyers (QIBs) |
197.77x |
|
Non-Institutional Investors (NIIs) |
255.24x |
|
Retail Individual Investors (RIIs) |
45.71x |
|
Total |
133.66x |
About Ardee Industries Limited
Ardee Industries Limited operates in India’s recycling and circular economy sector, focusing on the recovery and processing of end-of-life energy storage products and non-ferrous metal scrap. The company produces refined lead and customised lead alloys, catering to industries including energy storage, automotive, e-mobility and chemicals.
The company has an installed recycling capacity of 156,950 MTPA and earns revenue by selling recycled and refined non-ferrous metal products across Indian and overseas markets. Its recycling operations enable the recovery of valuable materials from waste, supporting resource efficiency and the transition towards a more sustainable 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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