Market capitalisation is the post-issue share count in the offer document’s capital structure (31,52,01,358 shares) multiplied by the upper end of the price band, ₹53. It is arithmetic on those two filed figures, not a valuation.
The post-issue ring is the register this issue’s RHP discloses. Pre-issue register from the RHP capital structure, cross-checked against exchange data. Pre-issue percentages are taken from the disclosure, never estimated.
Ardee Industries IPO Lot Size & Minimum Investment by investor category
Application
Shares
Amount at ₹53
Retail (min)1 lot
281
₹14,893
Retail (max)13 lots
3,653
₹1,93,609
sHNI (min)14 lots
3,934
₹2,08,502
bHNI (min)68 lots
19,108
₹10,12,724
One lot is 281 shares, so a single application at the ₹53 cut-off costs ₹14,893. Retail applications are capped at ₹2,00,000, which is 13 lots for this issue. Amounts are shown at the upper band because applications are made at the cut-off price.
Ardee Industries IPO Strengths & Risks as disclosed in the DRHP
▲ Strengths (7)
Ardee Industries is a leading player in the circular economy, specializing in environmentally responsible recovery and recycling of end-of-life energy storage products and non-ferrous scrap.
The company has a proven track record with demonstrated operational stability.
Ardee Industries has an installed recycling capacity of 156,950 MTPA and a track record of producing quality-compliant alloys.
The company is closely aligned with India’s sustainability agenda and the global transition towards a circular, resource-efficient economy.
Ardee Industries has technically equipped plants with efficient pollution control and sustainability practices.
The company strategically sources raw materials from a diverse network of suppliers across over 50 countries, ensuring consistent raw material availability.
Ardee Industries has implemented a robust, board-approved hedging practice aimed at mitigating commodity price-related risks.
▼ Risk factors (7)
The loss of any substantial portion of sales to any of the top customers could have an adverse impact on the business, financial condition, results of operations, and cash flows.
The company's business operations are dependent upon the battery and metal industries, and any downturn in these industries could adversely affect business operations.
The company depends on third-party suppliers for the supply of raw material required for its business operations, and any disruptions or unavailability of raw materials could have an adverse impact.
The company has a limited operating history, and its historical performance may not be indicative of its future growth or financial results.
The company's debt-to-equity ratio is high, which may adversely affect its financial condition and results of operations.
The company operates in a labor-intensive industry and is dependent on contract labor for its manufacturing operations.
Any adverse revision to credit ratings by rating agencies may adversely affect the company's ability to raise additional financing and the interest rates and other commercial terms at which such funding is available.
Allotment is decided and published by the issue’s registrar, not by the exchange and not by alphave. For Ardee Industries Limited, the registrar is KFin Technologies Limited — allotment is finalised in the days between the issue closing on 07 Aug 2026 and listing on 12 Aug 2026.
By KFin Technologies; check with PAN, application no. or DP ID
Refunds & UPI unblockTentative
Tue, 11 Aug, 2026
Unallotted amounts released · allotted shares credited to demat
Listing
Wed, 12 Aug, 2026
NSE · trading from 10:00 am IST
Allotment and refund dates follow SEBI’s T+3 listing timeline in trading days and are tentative until the registrar and the exchange confirm them. alphave does not hold allotment results — only the registrar can show whether an application was allotted.
The registrar publishes allotment on its own portal: KFintech. Your bank will also show the blocked amount released if shares were not allotted.
Ardee Industries IPO Price Band & Lot Size FAQs
What is the price band of Ardee Industries IPO?
The Ardee Industries Limited IPO price band is ₹53 to ₹53 per share. Applications are made at the cut-off price, which is the upper end of the band.
What is the lot size of Ardee Industries IPO?
One lot is 281 shares, so a single application at the ₹53 cut-off costs ₹14,893. Retail investors can apply for up to 13 lots within the ₹2,00,000 retail limit.
What is the minimum investment in Ardee Industries IPO?
₹14,893 — one lot of 281 shares at ₹53. Bids in the non-institutional category start above ₹2,00,000 and are made in multiples of the lot.
Is Ardee Industries IPO a mainboard or SME issue, and on which exchange?
Ardee Industries Limited is a mainboard issue listing on NSE. The lead manager is Pantomath Capital Advisors Private Limited.
What is the issue size of Ardee Industries IPO?
The issue size is ₹425.87 crore, of which ₹320 crore is a fresh issue and ₹105.87 crore an offer for sale by existing shareholders.
Ardee Industries IPO Registrar where allotment and refund queries go
RegistrarKFin Technologies Limited
The registrar processes the allotment and the refunds. Contact details are as printed in the offer document; the exchange and your broker cannot change an allotment.
How to Apply for the Ardee Industries IPO ASBA and UPI, as SEBI sets them
Apply through your broker’s IPO window or your bank’s net banking (ASBA). The money stays in your own account and is only blocked until allotment.
Choose the number of lots and bid at the cut-off price. Retail applications are capped at ₹2,00,000; above that the bid moves to the non-institutional category.
If you applied through a broker, approve the UPI mandate in your payment app. The mandate must be approved by 5 pm on the day after your bid, and by 5 pm on the closing day for bids made on the last day (07 Aug 2026).
One application per PAN. A second application under the same PAN is rejected, and both may be.
After allotment the blocked amount is released for shares not allotted. Allotment and refund queries go to the registrar, KFin Technologies Limited, not to the exchange or the broker.
What is GMP in an IPO?
Grey Market Premium is the price at which an unlisted IPO application or share changes hands informally, before the stock is listed on the exchange. It is quoted as a rupee figure over the issue price: a premium of ₹17 on a ₹53 upper band means the grey market is dealing at ₹70.
The grey market is an over-the-counter market between private dealers. It is not operated or supervised by NSE, BSE or SEBI, no trade is settled through a clearing corporation, and no dealer is obliged to publish or honour a quote. Figures are collected by third-party reporters and different sources routinely disagree, which is why a premium can move sharply within a day or vanish entirely once bidding closes.
Grey Market Premium is an unofficial, unregulated over-the-counter datapoint reported by third parties. It is not a price, a forecast, or an indication of listing gains, and is not investment advice.