· Mainboard · NSE, BSE
Price Band
₹50–53
Lot Size
281 shares
Issue Size
₹426 Cr
Min. Investment
₹14,893
Indicative, updates through the day
Cap price plus current GMP: ₹70 — arithmetic, not a forecast
Ardee Industries IPO is a Mainboard issue that listed on NSE, BSE on 12 August 2026. The issue price band is fixed at ₹50–₹53 per equity share with a minimum market lot size of 281 shares, bringing the total issue size to ₹426 Cr. At the upper price band, the minimum retail application requires one lot amounting to ₹14,893.
The latest unlisted Grey Market Premium (GMP) for Ardee Industries IPO is quoted at ₹17, representing a premium of approximately 32.08% over the upper price band of ₹53. On a simple cap price plus GMP basis, the estimated opening price indicates a listing near ₹70, and informal quotes have risen over recent sessions. Please note that GMP is an unregulated sentiment indicator quoted by off-market dealers; it fluctuates based on supply-demand dynamics and does not constitute a guaranteed listing price. For historical accuracy studies, read our research on IPO GMP accuracy, or compare with live GMP quotes for all active IPOs.
As per the latest exchange feeds from BSE and NSE, Ardee Industries IPO has been subscribed 138.54x overall — with QIB at 202.26x, NII at 266.56x, bNII at 289.87x, sNII at 219.94x, Retail at 47.26x, representing over 40,80,032 retail and institutional applications. When the retail category is oversubscribed, SEBI regulations mandate that allotment is determined via an automated computerized lottery where each valid PAN gets one equal chance.
The minimum investment for retail investors is one lot of 281 shares (approx. ₹14,893 at the cut-off price), while the maximum retail bid is capped at 13 lots (under ₹2,00,000). Applications must be submitted using ASBA via Net Banking or the UPI Mandate route through registered stockbrokers (Zerodha, Groww, Angel One, Upstox).
The official registrar appointed for this issue is KFin Technologies Ltd., with the basis of allotment finalised on 10 August 2026 and listing completed on 12 August 2026. Once declared, you can check your allotment status on our IPO Allotment Checker using your PAN or Application Number. If you are not allotted shares, the ASBA block on your bank funds is automatically released by T+2 day.
Issue Price
₹53
Listed At
₹72
Current Price
₹67.12
Incorporated in 1993, Ardee Industries Limited is a prominent Indian company, with a core focus on the sustainable recovery and recycling of end-of-life energy storage products and non-ferrous scrap. Its product range includes high-purity lead and specialised lead alloys such as lead calcium, lead antimony, lead tin, lead silver, and lead cadmium alloys. These products are widely used across key sectors, including energy storage, e-mobility, automotive, and chemicals. As of March 31, 2025, Ardee Industries has served over 50 customers across domestic and international markets, spanning the battery and metals industries. The Company has exported its products to seven countries, including Singapore, Hong Kong, South Korea, Switzerland, the United Arab Emirates, Japan, and the United States of America. The Company owns and operates a manufacturing facility spread across approximately 7.61 acres in Tirupati district, Andhra Pradesh, with an installed capacity of 104,025 MTPA. The facility is equipped with advanced lead recycling infrastructure, including rotary furnaces, refining kettles, casting systems, and comprehensive pollution control mechanisms. It is certified under ISO 9001:2015 for quality management, ISO 14001:2015 for environmental management, and ISO 45001:2018 for occupational health and safety.
Ardee Industries IPO raises ₹127.76 crore from anchor investors. Ardee Industries IPO Anchor bid date is August 4, 2026.
| Category | Shares Offered | % |
|---|---|---|
| QIB | 4,01,75,974 | 50% |
| − Anchor Investor | 2,41,05,584 | 30% |
| − QIB (Ex. Anchor) | 1,60,70,390 | 20% |
| NII (HNI) | 1,20,52,793 | 15% |
| − bNII > ₹10L | 80,35,195 | 10% |
| − sNII < ₹10L | 40,17,598 | 5% |
| Retail | 2,81,23,183 | 35% |
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 281 | ₹14,893 |
| Retail (Max) | 13 | 3653 | ₹1,93,609 |
| S-HNI (Min) | 14 | 3934 | ₹2,08,502 |
| S-HNI (Max) | 67 | 18827 | ₹9,97,831 |
| B-HNI (Min) | 68 | 19108 | ₹10,12,724 |
EPS (Pre IPO)
3.32
EPS (Post IPO)
2.69
ROE
57.46%
P/E (Pre IPO)
15.96
P/E (Post IPO)
19.7
Price / Book
Market Cap
₹1,351Cr.
| Company | P/E | ROE | Revenue |
|---|---|---|---|
| Jain Resource Recycling Ltd. | 33.62 | ₹1,250.00 Cr |
Ardee Industries Ltd. Address
KFin Technologies Ltd.