Ardee Industries IPO GMP rises to 13% ahead of launch on August 5. Check key details

The Rs 425.87 crore Ardee Industries IPO will open for subscription on August 5, with grey market trends indicating healthy investor interest ahead of the launch. The issue is commanding a GMP of around 13% over its upper price band of Rs 53, signalling expectations of a positive listing.Investors will soon be able to participate in the public offering, with the company setting the IPO price band between Rs 50 and Rs 53 per share. The issue provides an opportunity to invest in Ardee Industries, a company engaged in the lead recycling and non-ferrous metals industry, sectors that play a key role in metal recovery and industrial supply chains.

The IPO consists of a fresh issue of 6.04 crore shares worth Rs 320 crore and an offer for sale (OFS) of 2 crore shares valued at Rs 105.87 crore, taking the total issue size to Rs 425.87 crore.

The IPO will open for subscription on August 5 and close on August 7. The share allotment is expected to be finalised on August 10, 2026, while the company’s shares are likely to list on both the NSE and BSE on August 12, 2026.

Ardee Industries IPO GMP today

The latest grey market premium (GMP) for the Ardee Industries IPO stands at Rs 7 per share, or nearly 13% above the upper price band of Rs 53. Based on the current GMP trend, the estimated listing price is around Rs 60 per share, suggesting a potential listing gain if the prevailing market sentiment continues.

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 lead calcium, lead antimony, lead tin, lead silver, and lead 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.

The facility is certified with internationally recognised standards such as ISO 9001:2015 for quality management, ISO 14001:2015 for environmental management, and ISO 45001:2018 for occupational health and safety management.

Robust 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.

IPO Management Details

Pantomath Capital Advisors Private Limited has been appointed as the book running lead manager for the IPO, while KFin Technologies Limited is serving as the registrar to the issue.

Backed by its established presence in the recycling industry, expanding customer network, and strong financial performance, the Ardee Industries IPO is expected to attract investor attention ahead of its subscription period.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)