Ardee Industries Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | 🔥 202.26x | 16,070,390 | 3,250,436,028 | ₹85 Cr |
| NII (HNI) | 🔥 266.42x | 12,052,793 | 3,211,145,203 | ₹64 Cr |
| Retail | 46.80x | 28,123,183 | 1,316,157,354 | ₹149 Cr |
| Σ Total | 🔥 138.28x | 56,246,366 | 7,777,738,585 | ₹298 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 281 | ₹14,893 |
| Retail (Max) | 13 | 3,653 | ₹193,609 |
| S-HNI (Min) | 14 | 3,934 | ₹208,502 |
| B-HNI (Min) | 67 | 18,827 | ₹997,831 |
Financial Statements Amount in ₹ Crore
| Metric | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Revenue | 744 | 463 | 412 |
| EBITDA | 66 | 28 | 23 |
| Profit After Tax | 33 | 9 | 9 |
| Net Worth | 63 | 29 | 20 |
| Total Assets | 312,023 | 196 | 108 |
| Reserves & Surplus | 59 | 26 | 17 |
| Total Borrowing | 166 | 142 | 81 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Funding incremental working capital requirement of our Company – 220.00
- Repayment and/or pre-payment, in full or in part, of certain borrowings availed by our Company – 22.00
- General corporate purposes –
Company Overview
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.
Competitive strengths:
- One of India’s leading players in circular economy with a proven track record with demonstrated operational stability.
- Application of Hedging Mechanism for Commodity Price Risk Related Protection.
- Strong customer base along with robust raw materials sourcing capabilities.
- Track record of profitability and consistent financial performance.
- Experienced promoters and professional management team.