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Ardee Industries IPO opens Aug. 5 with ₹50-53 price band
The ₹425.9 crore IPO includes a ₹320 crore fresh issue for working capital and ₹20 crore for repayment or prepayment of certain borrowings, while the offer for sale comes from existing shareholders.
Ardee Industries IPO is set to open for subscriptions on Wednesday, August 5, and close on Friday, August 7, with a fixed price band of ₹50 to ₹53 per share, according to LiveMint Markets.
The issue size totals ₹425.87 crore, made up of a fresh issue of 6.04 crore equity shares worth ₹320 crore and an offer for sale of 2 crore equity shares worth ₹105.87 crore by existing shareholders. Share allotment is expected on August 10, with the stock scheduled to debut on the NSE and BSE on August 12.
From the fresh proceeds, the company plans to deploy ₹220 crore toward incremental working capital requirements and ₹20 crore toward repayment or prepayment of certain borrowings, with the remainder allocated for general corporate purposes. LiveMint Markets also notes that retail investors can apply in lots of 281 shares, with a minimum investment of ₹14,893 at the upper end of the price band.
The company is engaged in sustainable recovery and recycling of end-of-life energy storage products and non-ferrous scrap, producing recycled lead and lead alloys supplied primarily to battery manufacturers. LiveMint Markets reported that in FY26 revenue from operations rose 57% to ₹1,168.9 crore and profit after tax increased 155% to ₹84.7 crore, with an EBITDA margin of 12.6%.