Here is a detailed overview of the Ardee Industries Limited IPO, including company fundamentals, issue timeline, financial metrics, and Grey Market Premium (GMP):
📌 Business Overview & Core Fundamentals
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Core Operations: Incorporated in 1993, Ardee Industries Limited operates in India’s circular economy and non-ferrous metals sector. The company specializes in the sustainable recycling and refining of end-of-life energy storage products (primarily used lead-acid batteries) and metal scrap.
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Product Range: Refined pure lead and specialized lead alloys (including lead calcium, lead antimony, lead tin, lead silver, and lead cadmium alloys). These are supplied to battery manufacturers, automotive, e-mobility, energy storage, and chemical industries.
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Manufacturing Facility: Operates an ISO-certified production facility in Tirupati, Andhra Pradesh, with an installed capacity of 104,025 MTPA equipped with rotary furnaces and pollution control systems.
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Global Presence: Exports products to over 7 countries including the US, Japan, South Korea, Switzerland, and the UAE.
📊 Financial Highlights (Consolidated)
| Metric (in ₹ Crore) | FY24 | FY25 | FY26 |
| Total Revenue | ₹463.39 | ₹743.53 | ₹1,168.88 |
| EBITDA | ₹28.06 | ₹65.93 | ₹147.08 |
| Profit After Tax (PAT) | ₹8.95 | ₹33.27 | ₹84.68 |
| Net Worth | ₹29.25 | ₹62.60 | ₹147.38 |
| Total Debt | ₹142.36 | ₹165.77 | ₹182.75 |
| PAT Margin (%) | 1.93% | 4.48% | 7.25% |
| ROE (%) | 30.61% | 53.15% | 81.00% |
🗓️ Key IPO Details & Schedule
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Issue Window: August 5, 2026 – August 7, 2026
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Price Band: ₹50 to ₹53 per equity share
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Face Value: ₹2 per share
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Total Issue Size: ₹425.87 Crores (Fresh Issue: ₹320.00 Cr + Offer fo
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Grey Market Premium (GMP) Notice: Figures regarding Grey Market Premium (GMP), Kostak rates, and subject-to-sauda deals reflect unofficial, unregulated over-the-counter market sentiment. These figures do not guarantee exchange listing prices or actual trading outcomes. Always evaluate official Draft Red Herring Prospectus (DRHP / RHP) documents filed with BSE/NSE and consult a certified financial advisor prior to executing financial bidding decisions.