- What is the Ardee Industries IPO price band and lot size?
- What are the key dates for the Ardee Industries IPO?
- What does Ardee Industries actually do?
- How has Ardee Industries performed financially?
- What is the GMP for Ardee Industries IPO?
- Is the Ardee Industries IPO a fresh issue or an Offer for Sale?
- Frequently Asked Questions
- What is the minimum investment for Ardee Industries IPO?
- When will Ardee Industries IPO shares be listed?
- How can I apply for the Ardee Industries IPO?
- Who is the registrar for Ardee Industries IPO?
- Is Ardee Industries IPO good for listing gains or long-term investment?
The Ardee Industries IPO opens for subscription on August 5, 2026 and closes on August 7, 2026. The price band is set at ₹50 to ₹53 per share, with a lot size of 281 shares, meaning the minimum retail investment is ₹14,893. Allotment is expected on August 10, 2026, and the shares are set to list on both the BSE and NSE on August 12, 2026.
Ardee Industries is a Delhi-based company that recycles used lead-acid batteries and scrap metal into pure lead and lead alloys — the kind of unglamorous, essential business that quietly supplies India’s battery and automotive industries. If you’re deciding whether to apply, here’s everything you need on dates, pricing, and the company itself, explained simply.
What is the Ardee Industries IPO price band and lot size?
The price band is ₹50 to ₹53 per share, and one lot consists of 281 shares. That means a retail investor needs a minimum of ₹14,893 to apply for one lot at the upper price band.
| Investor Category | Lots | Shares | Amount (at ₹53) |
|---|---|---|---|
| Retail (minimum) | 1 lot | 281 | ₹14,893 |
| Small NII | 14 lots (typical minimum) | 3,934 | ₹2,08,502 |
Exact NII and QIB cut-offs can shift slightly once the final RHP (Red Herring Prospectus — the detailed offer document filed before an IPO opens) is published, so it’s worth double-checking the exact lot multiples on the registrar’s site closer to August 5, 2026.
What are the key dates for the Ardee Industries IPO?
The full subscription-to-listing timeline runs from August 5 to August 12, 2026. Here’s the complete schedule:
- IPO opens: August 5, 2026
- IPO closes: August 7, 2026
- Allotment finalised: August 10, 2026
- Shares credited to demat account: August 11, 2026 (typically one day after allotment)
- Listing date: August 12, 2026, on both BSE and NSE
If you’re planning to apply, mark August 7 as your deadline — most brokers stop accepting UPI mandates a few hours before the actual closing time, so don’t wait until the last minute.
What does Ardee Industries actually do?
Ardee Industries recovers and recycles end-of-life lead-acid batteries and non-ferrous scrap to produce pure lead and lead alloys. It’s been operating since 1993, with its main manufacturing plant located near the ports in SPSR Nellore district, Andhra Pradesh.
A few things worth knowing about the business:
- The company produces pure lead along with alloys like lead calcium, antimony, tin, silver, and cadmium alloys, at purity levels of 99.97% to 99.985%.
- Its output serves energy storage, e-mobility (electric vehicles), automotive, and chemical industries.
- Its “Ardee” brand is registered on the MCX (Multi Commodity Exchange), making it one of the few Indian companies with a listed brand for pure lead trading — this gives it transparent, benchmark-linked pricing.
- It exports to Southeast Asia and South Korea in addition to serving Indian customers.
In simple terms: as India’s EV and battery industry grows, someone needs to recycle the old batteries responsibly and turn the recovered lead back into usable raw material. That’s the business Ardee Industries is in.
How has Ardee Industries performed financially?
Revenue grew 57% and profit after tax (PAT) grew 155% between the financial year ending March 31, 2025 and the year ending March 31, 2026, according to the company’s IPO filings. Over the last three financial years, revenue has grown at a compound annual growth rate (CAGR) of roughly 33.15%.
That’s a genuinely strong growth trend, and it’s part of why this IPO has drawn attention from investors tracking smaller, specialised manufacturing companies. That said, fast growth in a commodity-linked business like lead recycling can also mean the numbers are sensitive to metal price cycles, so it’s worth reading the full financial statements in the RHP rather than judging on the growth percentage alone.
If you’re trying to work out what a ₹14,893 investment could grow into over time — assuming you get an allotment and hold beyond listing — you can run different return scenarios using our SIP & Lumpsum Calculator on EasyFinance4u.
What is the GMP for Ardee Industries IPO?
As of July 29, 2026, the Grey Market Premium (GMP) — an unofficial, informal indicator of investor demand before listing — was around ₹13. At the upper price band of ₹53, that implies a possible listing price near ₹66, or a gain of roughly 24.5%.
GMP is not regulated by SEBI (Securities and Exchange Board of India) and can change daily right up to the listing date, so treat it as a sentiment indicator, not a guarantee. It reflects informal trading, not confirmed listing performance.
Is the Ardee Industries IPO a fresh issue or an Offer for Sale?
It’s a mix of both. The IPO includes a fresh issue of new shares — money that goes directly to the company — along with an Offer for Sale (OFS) of about 3.77 crore shares by existing shareholders. Together, the total issue size works out to approximately ₹426 crore at the confirmed price band.
It’s worth noting that Ardee Industries’ original draft filing in September 2025 had proposed a larger fresh issue of around ₹320 crore. Once the final price band was set, the confirmed fresh issue component came in smaller than that original target — a fairly normal adjustment that happens once a company locks in its actual per-share price.
Frequently Asked Questions
What is the minimum investment for Ardee Industries IPO?
The minimum investment for a retail investor is ₹14,893, based on one lot of 281 shares at the upper price band of ₹53. You can apply in multiples of this lot size.
When will Ardee Industries IPO shares be listed?
Shares are expected to list on August 12, 2026, on both the BSE and NSE, following allotment on August 10, 2026.
How can I apply for the Ardee Industries IPO?
You can apply through your broker’s UPI-based application process or through ASBA (Applications Supported by Blocked Amount) via your bank’s net banking. Your funds get blocked, not debited, until allotment is finalised.
Who is the registrar for Ardee Industries IPO?
KFin Technologies Ltd is the registrar, and Pantomath Capital Advisors Pvt. Ltd. is the book-running lead manager for this issue.
Is Ardee Industries IPO good for listing gains or long-term investment?
The current GMP suggests some listing-day demand, but GMP alone shouldn’t guide your decision. Since the business is tied to lead and metal recycling — a commodity-linked sector — it’s worth reading the company’s revenue trends and risk factors in the RHP before deciding whether this fits a short-term or long-term goal.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. IPO investments are subject to market risk. Please read the official RHP and consult a SEBI-registered financial advisor before applying.