BY THE NUMBERS.
WHERE IT LANDED.
HOW FULL THE BUS GOT.
TICKET CLASSES.
HOW THE ISSUE IS BUILT.
The two legs send the money to different places: a fresh issue raises new capital for the company, while an offer for sale is existing shares being sold by existing shareholders, whose proceeds go to those sellers and not to the company.
ON THE DASHBOARD.
THE RUNNING RECORD.
WHO ELSE RUNS THIS LINE.
Notes: Basic and diluted earnings per share refers to the basic and diluted earnings per share sourced from the financial statements of the respective peer group companies for the Fiscal 2026. Net asset value per share represents Net worth divided by total number of shares at the end of the year. Price/earnings ratio for the peer group has been computed based on the closing market price of equity shares on BSE as on July 15, 2026, divided by the diluted earnings per share for the Fiscal 2026. Return on Net Worth is calculated as Profit for the year as a percentage of Net Worth. Return on Capital Employed is calculated as EBIT divided by capital employed where (i) EBIT means EBITDA minus depreciation and amortisation expense and (ii) Capital employed means Net worth as defined under Regulation 2(1)(hh) of the SEBI ICRegulations + total current & non-current borrowings- cash and cash equivalents and other bank balances.
WHAT THE MONEY IS FOR.
WHO GETS WHICH SEATS.
Ardee Industries Limited is engaged in the recycling and recovery of lead-based materials and non-ferrous metal scrap, contributing to the circular economy through the sustainable processing of end-of-life energy storage products. The company focuses on transforming recyclable materials into value-added products for industrial applications. The company manufactures and supplies refined lead and a range of specialized lead alloys, including lead calcium, lead antimony, lead tin, lead silver, and lead cadmium alloys. These products serve various industries such as battery manufacturing, electric mobility, automotive components, energy storage systems, and chemical processing. As of March 31, 2025, Ardee Industries catered to more than 50 customers across domestic and international markets. Its products have been exported to multiple countries, including Singapore, Hong Kong, South Korea, Switzerland, the United Arab Emirates, Japan, and the United States, reflecting its presence in global metal and battery supply chains. The company operates an integrated manufacturing facility located in the Tirupati district of Andhra Pradesh, spread across approximately 7.61 acres. The facility has an installed production capacity of 104,025 MTPA and is equipped with modern lead recycling and refining infrastructure, including rotary furnaces, refining kettles, casting equipment, and environmental protection systems designed to support efficient and sustainable operations. Ardee Industries maintains internationally recognized management standards and holds certifications including ISO 9001:2015 for Quality Management Systems, ISO 14001:2015 for Environmental Management Systems, and ISO 45001:2018 for Occupational Health and Safety Management Systems. Key Competitive Advantages Established position in India's recycling and circular economy ecosystem with a proven operating track record. Utilization of commodity hedging strategies to manage fluctuations in raw material and metal prices. Diversified customer base supported by strong procurement and sourcing capabilities for raw materials. History of stable profitability and consistent financial performance. Leadership team comprising experienced promoters and industry professionals.
ON THE ROSTER.
COMMON QUESTIONS.
What is the Ardee Industries IPO price band?+
The indicative price band is ₹53 per share. The binding terms are the ones in the Red Herring Prospectus (RHP).
What is the lot size of the Ardee Industries IPO?+
One lot is 281 shares. At the upper band of ₹53, one lot works out to ₹14,893.
How many lots can a retail investor apply for in the Ardee Industries IPO?+
A retail application runs from 1 lot (281 shares, ₹14,893) up to 13 lots (3,653 shares, ₹1,93,609) — the most that fits under SEBI's ₹2 lakh retail ceiling.
What is the minimum HNI application in the Ardee Industries IPO?+
A small-HNI (sHNI) application starts at 14 lots — 3,934 shares, ₹2,08,502. A big-HNI (bHNI) application starts at 68 lots — 19,108 shares, ₹10,12,724, above the ₹10 lakh boundary.
When does the Ardee Industries IPO open and close?+
The issue opened on 05 Aug 2026 and closed on 07 Aug 2026. Dates can move — the registrar and the exchange notices are the record.
When is the Ardee Industries IPO allotment?+
Allotment is scheduled for 10 Aug 2026. The basis of allotment is published by the registrar to the issue. BuyUnlistedShares does not accept, process or track IPO applications.
When did Ardee Industries list?+
Listing took place on 12 Aug 2026 on NSE, BSE.
Where will Ardee Industries be listed?+
Ardee Industries is listed on NSE, BSE. It is a mainboard issue.
How large is the Ardee Industries IPO?+
The issue size is ₹425.87 Cr — a fresh issue of ₹320 cr and an offer for sale of ₹105.87 cr. Figures are indicative and subject to the RHP.
What is the difference between the fresh issue and the offer for sale in the Ardee Industries IPO?+
Money raised through the fresh issue goes to the company, which spends it on the purposes set out in the offer document. Money raised through the offer for sale goes to the shareholders who are selling, not to the company. That is a fact about how the issue is structured, not a view on it.
How was the Ardee Industries IPO subscribed?+
The issue was subscribed 138.83× overall. By category: qib 202.26×, nii 266.75×, small hni 220.51×, big hni 289.87×, retail 47.77×. Subscription figures are as reported by the exchanges.
At what price did Ardee Industries list?+
Ardee Industries listed at ₹72, +35.85% against the issue price.
Who is the registrar for the Ardee Industries IPO?+
The registrar to the issue is Kfin Technologies Ltd. (040-79615565), ardeeindustries.ipo@kfintech.com.
Where can I check the Ardee Industries IPO allotment status?+
Allotment status is published by the registrar on its own official portal: https://ipostatus.kfintech.com/. Use the registrar's site directly — BuyUnlistedShares does not ask for PAN, application numbers or any other applicant detail.