Ardee Industries IPO

Ardee Industries Limited is a listed issue, offered in a price band of ₹53 to ₹53 per share, in lots of 281 shares. Every figure below is taken from the issue's own filings and exchange disclosures.

Issue details

Price band

₹53 – ₹53

Lot size

281 shares

Minimum investment

₹14,893

Issue size

₹425.87 Cr

Fresh issue

₹320 Cr

Offer for sale

₹105.87 Cr

Opens

5 Aug 2026

Closes

7 Aug 2026

Listing date

12 Aug 2026

Registrar

KFin Technologies Limited

Symbol

ARDEE

One lot of 281 shares at the upper band price of ₹53 is ₹14,893 — the smallest retail application this issue accepts.

Lead managers: Pantomath Capital Advisors Private Limited.

Subscription status

How many times the issue has been applied for, by investor category, as reported by the exchange at 7 Aug 2026, 07:05 pm IST.

Grey market premium (GMP)

Latest reported GMP

₹17

Implied over upper band

32.10%

As of

12 Aug 2026, 07:05 pm IST

How the reported premium has moved. The trend matters more than any single reading — a premium that is drifting down into the close is a different signal from one holding firm.

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.

Reported financials

As disclosed in the offer document. Figures in ₹ crore unless the filing states otherwise.

Strengths disclosed in the offer document

• 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 disclosed in the offer document

• 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.

These are the company's own disclosures, not Alphave's assessment. Read the offer document →

What this page will not tell you

Whether to apply

Alphave is NISM-certified, not a SEBI-registered research analyst. There is no rating, verdict or recommendation on this issue anywhere on this page.

What it will list at

Nobody knows, and GMP is not a forecast of it. It is an unofficial over-the-counter quote reported by third parties, shown here with its source time so you can judge how stale it is.

Your allotment

Allotment is decided by the registrar (KFin Technologies Limited) after the issue closes. Track the whole calendar in the IPO Centre.

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