Ardee Industries Limited, a leading Indian company supplying high-quality lead metal to domestic and international markets, plans to raise ₹426 crore through an IPO.
[Fresh Issue ₹320 Cr + OFS ₹106 Cr]
Ardee Industries share price: ₹400–₹425 per share.
Ardee Industries: History
The Company was originally incorporated as Ardee Industries Private Limited, a private limited company under the provisions of the Companies Act, 1956, at Chennai, Tamil Nadu, India, on September 16, 1993.
The Company was then converted into a public limited company on April 1, 2025, under a special resolution passed by the members.
Its name was subsequently changed to Ardee Industries Limited, and the RoC issued a fresh certificate of incorporation on May 6, 2025.
Ardee Industries: Business
Ardee Industries Limited is one of India’s leading players in the circular economy, specializing in the environmentally responsible recovery and recycling of end-of-life energy storage products and non-ferrous scrap.
The Company’s product portfolio comprises pure lead and lead alloys, such as lead calcium, antimony, tin, silver, and cadmium alloys, which find applications in critical industries.
- Energy storage,
- E-mobility,
- Automotive, and
- Chemical.
According to the F&S Report, Ardee Industries is one of the fastest-growing companies in terms of revenue among its peers, with a revenue CAGR of 33.15% over the last three fiscal years.
The Company has the brand ‘Ardee’ listed on the MCX platform, which provides customers and commodity traders a platform to purchase and trade in the company’s product, pure lead.
In the year 2022, Ardee_Industries was recognized as a ‘One Star Export House’ issued by the Directorate General of Foreign Trade, Ministry of Commerce & Industry, Government of India.
Exports Revenue
Exports represent 40 percent of revenue, with shipments to eight countries including Japan, Singapore, South Korea, Switzerland, and the UAE.
Manufacturing Facility
The company operates a 7.61-acre recycling facility in Tirupati, Andhra Pradesh, India, with an installed recycling capacity of 156,950 MTPA, supported by ISO-certified manufacturing systems and an NABL-accredited testing laboratory.
Strategies Ahead
Expand sustainably driven product portfolio through capacity expansion.
Expanding geographical footprint to capture larger customer base across exports and domestic markets
Listing of “Ardee” on the London Metal Exchange (LME) platform.
Improving the debt profile of the Company.
Company Promoters
- Sandeep Aggarwal,
- Nikunj Aggarwal,
- Esha Gupta.
Refer to Ardee Industries DRHP for more details.
IPO Details
ipo date: 5 Aug – 7 Aug 2026
Minimum Amount: ₹14,893
Minimum Bid: 281 Shares
Face Value: INR 2 per share
Listing On: NSE, BSE
Financial
Book Running Lead Manager
Pantomath Capital Advisors
CONCLUSION
Considering financial performance and the nature of the business, FinBlab recommends ‘SUBSCRIBE‘ ratings for the Ardee Industries IPO.
Do come back to learn more about “upcoming IPOs”.
Disclaimer: This article is purely for informational purposes.
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