Ardee Industries IPO: The initial public offering (IPO) of Ardee Industries will open for subscription on August 5, with the company fixing the price band at Rs 50-53 per share. The public issue will remain open for bidding until August 7.
The Ardee Industries IPO is a Rs 425.87 crore book-built issue comprising a fresh issue of Rs 320 crore (6.04 crore equity shares) and an offer for sale (OFS) worth Rs 105.87 crore (2 crore equity shares).
Ardee Industries IPO: Key Dates
The three-day subscription window will open on August 5, 2026, and close on August 7, 2026.
Ardee Industries IPO: Utilisation of Proceeds
The company proposes to utilise the net proceeds from the fresh issue towards:
- Funding incremental working capital requirements
- Repayment and/or prepayment, in full or in part, of certain borrowings
- General corporate purposes
Ahead of the opening of the public issue, the Ardee Industries IPO is commanding a grey market premium (GMP) of Rs 0, according to various websites tracking the unlisted market.
A zero GMP indicates that the shares are currently trading at par with the upper issue price in the unofficial market, suggesting muted listing expectations ahead of the subscription opening. Based on the current GMP, the estimated listing price stands at Rs 53 per share, implying no premium or discount over the upper end of the IPO price band.
About Ardee Industries
Ardee Industries Limited is an Indian company focused on the sustainable recovery and recycling of end-of-life energy storage products and non-ferrous scrap.
As of March 31, 2025, the company served more than 50 customers across domestic and international markets in the battery and metals industries. It has exported its products to seven countries: Singapore, Hong Kong, South Korea, Switzerland, the United Arab Emirates, Japan and the United States.
On the financial front, revenue rose 57 per cent, while profit after tax (PAT) surged 155 per cent between the financial years ended March 31, 2025, and March 31, 2026, reflecting strong business growth.
(Disclaimer: The above article is meant for informational purposes only and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)
