Ardee Industries came to market through an IPO that opened on 5 August 2026 and closed on 7 August 2026, and the shares listed on 12 August 2026 on BSE, NSE. The price band was ₹50 to ₹53 per share and one lot was 281 shares, so the minimum application was ₹14,893. The issue size was ₹425.87 crore. It combined a fresh issue of new shares with an offer for sale by existing shareholders.
It listed at ₹72, a gain of 35.8% against the issue price of ₹53. Kfin Technologies Ltd was the registrar to the issue, and Pantomath Capital Advisors Pvt.Ltd was the lead manager.
As of 7 August 2026.
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Overall the issue was subscribed 138.83 times.
Ardee Industries Limited is a leading Indian enterprise, which mainly specializes in the sustainable collection and recycling of energy storage products and non-ferrous scrap. Some of the Products offered by the Company include pure lead and alloys of lead such as Lead Calcium alloy, Lead Antimony alloy, Lead Tin alloy, Lead Silver alloy, and Lead Cadmium alloy. These products are used in many sectors, including energy storage sector, e-mobility sector, automotive industry, and chemical industry.
As of March 31, 2025, the Company has served more than 50 customers in domestic and foreign markets in the batteries industry and metals industry. The Company has exported its products to 7 countries, namely Singapore, Hong Kong, South Korea, Switzerland, United Arab Emirates, Japan, and USA. The Company has a production plant located in Tirupati district, Andhra Pradesh on an area of 7.61 acres having a capacity of 104,025 MTPA.
The production plant has modern recycling facilities for lead, which include rotary furnace, refining kettle, casting machine, and pollution control facility. The production plant is certified under ISO 9001:2015 (quality management), ISO 14001:2015 (environmental management), and ISO 45001:2018 (occupational health and safety).
As described in the offer document.
| Metric | 31-Mar-26 | 31-Mar-25 | 31-Mar-24 |
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Ardee Industries Limited finalised its anchor investor allocation on August 4, 2026, raising ₹127.76 crore from 7 institutional investors at an anchor price of ₹53 per share. The anchor book comprises 2,41,05,584 equity shares allocated across domestic mutual fund, and non-mutual fund institutional investors. Bank of India Small Cap Fund, Bengal Finance & Investment Pvt Ltd, and Winro Commercial (India) Limited each received the largest allocation at 19.57%.
The Wealth Company Alternates Trust – Bharat Value Fund and India Max Investment Fund Limited each received 15.66%, while Cognizant Capital Dynamic Opportunities Fund and IMAP India Capital Investment Trust – Catalyst New India Fund each received 4.99%. Bank of India Small Cap Fund is the sole domestic mutual fund participant, with 47,17,147 shares (19.57%) allocated.
Sandeep Aggarwal, Nikunj Aggarwal, Esha Gupta.
Work out the listing gain for this IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Ardee Industries IPO was a ₹425.87 crore book-built issue, comprising a fresh issue of ₹320 crore and an offer for sale of ₹105.87 crore. It was priced at ₹50–₹53 per share with a lot size of 281 shares (₹14,893). The IPO was open from August 5 to August 7, 2026 and was subscribed 138.83x. Shares listed on BSE and NSE on August 12, 2026 at ₹72, a 35.8% premium to the issue price of ₹53. Kfin Technologies Ltd.
is the registrar. Pantomath Capital Advisors Pvt. Ltd. is the book running lead manager.
The price band of Ardee Industries IPO is ₹50 to ₹53 per share.
The lot size of Ardee Industries IPO is 281 shares.
The minimum investment for Ardee Industries IPO is approximately ₹14,893 based on the upper price band.
The allotment date of Ardee Industries IPO is Aug 10, 2026.
No GMP quote could be verified as recorded before Ardee Industries IPO listed. A grey-market observation of ₹15 per share was recorded on 12 Aug 2026, 6:00 AM IST, but without a verified listing timestamp it is not treated as the final pre-listing GMP. The shares listed at ₹72. GMP is unofficial and does not forecast or guarantee the actual listing price.
Ardee Industries IPO listed on Aug 12, 2026. It was issued at ₹72.0(NSE) and is currently around ₹45.79 as on 2-Nov-2026 3:30 PM, which is approximately -13.6% versus issue price. The 52-week high is ₹73.19.
You can check Ardee Industries IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Ardee Industries IPO allotment status on Rupix for quick and easy access.
₹50 to ₹53 per share, against a face value of ₹2. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 281 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹14,893.
₹14,893, for one lot of 281 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 5 August 2026 and closed on 7 August 2026.
The basis of allotment was published on 10 August 2026 by Kfin Technologies Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 12 August 2026 on BSE, NSE, opening at ₹72.
The issue size was ₹425.87 crore. The fresh issue was 6,03,77,358 shares (aggregating up to ₹320 crore). The offer for sale was 1,99,75,000 shares (aggregating up to ₹105.87 crore).
It listed at ₹72 against an issue price of ₹53, a gain of 35.8 percent on listing day.