Ardee Industries IPO allotment today, GMP signals 30% listing gain. Here’s how to check status

The wait is almost over for Ardee Industries IPO investors. The allotment of shares in the Rs 425.87 crore public issue is expected to be finalised today, August 10. Investors can check their Ardee Industries IPO allotment status online through the IPO registrar’s website, as well as the BSE and NSE portals.

Adding to the excitement, Ardee Industries shares are commanding a grey market premium (GMP) of around 30%. The premium indicates strong investor sentiment and points to the possibility of a sizeable listing gain, although GMP trends are unofficial and do not guarantee the actual listing price.

Once the allotment process is completed, investors who receive shares can expect them to be credited to their demat accounts ahead of the company’s stock market debut.


Ardee Industries is scheduled to make its debut on the BSE and NSE on August 12, 2026.

The IPO, which was open for subscription from August 5 to August 7, drew an overwhelming response across investor categories. The issue was subscribed 133.66 times overall. The retail investor portion was subscribed 45.71 times, while the Qualified Institutional Buyers (QIB) category saw subscription of 197.77 times. The Non-Institutional Investors (NII) segment recorded an even stronger subscription of 255.24 times.

Investors can verify their allotment through either of the following platforms:

1. Registrar’s Website

• Visit the Ardee Industries Allotment page (https://ipostatus.kfintech.com/)
• Select Ardee Industries from the drop-down menu.
• Enter your PAN, application number, or DP/Client ID to view allotment details.

2. NSE Website (https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids)

• Go to the NSE IPO Allotment page
• Select Equity
• Choose Ardee Industries
• Enter your application number and PAN.

3. BSE Website ( https://www.bseindia.com/investors/appli_check)

• Select Equity under issue type.
• Select Ardee Industries from the dropdown.
• Enter your application number OR PAN number.
• And fill the captcha and click Search to view allotment.

Ardee Industries IPO GMP today

Ardee Industries IPO continues to attract strong interest in the grey market, with the Grey Market Premium (GMP) rising to Rs 16 per share. At the current premium, the IPO is indicating an estimated gain of nearly 30% over its upper price band of Rs 53 per share, signalling positive investor sentiment ahead of its stock market debut. If the prevailing GMP trend holds, Ardee Industries shares could potentially list at around Rs 69 per share, translating into a healthy listing gain for investors who receive an allotment.

However, GMP is an unofficial indicator and does not guarantee the actual listing price. The company’s debut will ultimately depend on broader market conditions, investor sentiment and demand for the stock at the time of listing.

Ardee Industries IPO details:

Ardee Industries issue comprises a fresh issue of 6.04 crore shares amounting to Rs 320 crore and an offer for sale (OFS) of 2 crore shares worth Rs 105.87 crore. The total issue size stands at Rs 425.87 crore.

The IPO opened for subscription on August 5 and closed on August 7. The company has set a price band of Rs 50–53 per share. The company’s shares are to be listed on the NSE and BSE on August 12, 2026.

Pantomath Capital Advisors Private Limited is the book-running lead manager for the issue, while KFin Technologies Limited is acting as the IPO registrar.

IPO objectives: Utilisation of funds

The proceeds from the Ardee Industries IPO will be directed towards strengthening the company’s balance sheet and supporting its future expansion initiatives. The company intends to deploy Rs 220 crore towards fulfilling its growing working capital requirements and Rs 20 crore towards the repayment or pre-payment of select borrowings. The balance amount will be utilised for general corporate purposes, taking the overall utilisation of IPO proceeds to Rs 240 crore.

About Ardee Industries

Founded in 1993, Ardee Industries Limited operates in the sustainable recovery and recycling of end-of-life energy storage products and non-ferrous scrap. The company focuses on manufacturing high-purity lead and specialised lead alloys, including calcium, antimony, tin, silver, and cadmium variants.

Its product portfolio serves multiple industries, including energy storage, electric mobility, automotive, and chemical sectors. As of March 31, 2025, Ardee Industries catered to over 50 customers across domestic and international markets, with a strong presence in the battery and metals industries. The company has also expanded its global footprint by exporting products to seven countries, including Singapore, Hong Kong, South Korea, Switzerland, the United Arab Emirates, Japan, and the United States.

The company’s manufacturing facility is located across approximately 7.61 acres in Tirupati district, Andhra Pradesh. With an installed production capacity of 104,025 metric tonnes per annum (MTPA), the facility is equipped with modern recycling infrastructure, including rotary furnaces, refining kettles, casting systems, and advanced pollution control mechanisms.

Financial performance

Ardee Industries has demonstrated strong financial growth in recent years. In FY 2025-26, the company’s total income increased by 57% to Rs 1,168.9 crore, compared with Rs 743.5 crore in the previous fiscal year. The company also witnessed a significant improvement in profitability, with Profit After Tax (PAT) surging 155% to Rs 84.7 crore, up from Rs 33.3 crore in FY 2024-25.

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