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NSE · BSE

IPO Center
A

Ardee Industries Limited IPO

ListedMainboard

Lead and Lead Alloy Recycling · ₹50 – ₹53 · ₹309.64 Cr

Last updated: 12 Sept 2026, 04:24 pm · 30m ago

About Ardee Industries LimitedCAPITA1

Sector: Lead and Lead Alloy RecyclingHeadquarters: New Delhi, IndiaFounded: 1993

Ardee Industries Limited is one of India’s players in the circular economy, specializing in the environmentally responsible recovery and recycling of end-of-life energy storage products and non-ferrous scrap. The company manufactures pure lead and lead alloys using recyclable scrap such as battery scrap, remelted lead ingots, remelted lead blocks, lead scrap (radio / relay / ropes) and lead master metal. It operates in the Lead and Lead Alloy Recycling industry. The company was founded in 1993 and is based in New Delhi, India.

The company primarily makes money from selling its recycled and refined non-ferrous metal products in both domestic and international markets. Its main products and services include Pure Lead, Lead Alloys (Lead Calcium, Lead Antimony, Lead Tin, Lead Silver, Lead Cadmium Alloys), Scrap Sale and Job Work Income.

In its offer document the company lists its strengths as player in circular economy with proven operational stability, uses hedging mechanisms for commodity price risk protection and customer base and raw materials sourcing capabilities.

Grey Market Premium₹12(+22.64%)Unofficial grey-market estimate — not an exchange price.
  1. 5 Aug 2026Open Date
  2. 7 Aug 2026Close Date
  3. 10 Aug 2026Allotment Date
  4. 12 Aug 2026Listing Date

Check your allotment

BSE allotment statusNSE allotment status

These open the registrar's and the exchanges' own websites. Ardee Industries Limited is not affiliated with CAPITA1, and we never ask for your PAN or application number.

IPO Snapshot
65/ 100
Opportunity Score
🟡 Fairly Valued
Broker Consensus
Neutral
GMP %
+22.64%
Subscription
N/A
P/E
15.96x
ROE
57.46%
ROCE
44.26%
DRHP — N/A RHP — N/A

“Broker Consensus” is CAPITA1's algorithmic verdict from GMP, subscription, fundamentals & valuation — broker recommendations aren't in our data feed. GMP is an unofficial grey-market estimate. Not investment advice.

CAPITA1 Analysis

Founded
1993
Headquarters
New Delhi, India

Curated by CAPITA1 · Updated 5 Sept 2026 by CAPITA1 desk (composed from filing)

For educational purposes only. Not investment advice.

Ardee Industries Limited IPO valuation · at upper band ₹53

🟡 Fairly Valued
Market Cap (Post-IPO)
Not Available
Market Cap (Pre-IPO)
Not Available
Enterprise Value
Not Available
Earnings Per Share (EPS)
₹3.32
Net Asset Value per Share (NAV)
₹5.78
Price to Earnings (P/E) at upper band
15.96x
Price to Book (P/B)
9.17x
EV / EBITDA
Not Available
Return on Net Worth (RoNW)
57.46%
Return on Equity (ROE)
57.46%
Return on Capital Employed (ROCE)
44.26%
Debt to Equity (D/E)
1.25
Formulas used (all at upper price band)
  • Market Cap (Post-IPO) = Upper Price × Post-issue Shares (Shares = Latest FY PAT ÷ EPS)
  • Market Cap (Pre-IPO) = Post-IPO Market Cap − Fresh Issue
  • Enterprise Value = Market Cap + Total Debt − Cash (cash assumed nil)
  • Total Debt = Debt/Equity × Net Worth
  • Net Worth = NAV (Book Value/Share) × Post-issue Shares
  • P/E Ratio = Upper Price ÷ EPS
  • P/B Ratio = Upper Price ÷ NAV
  • EV / EBITDA = Enterprise Value ÷ EBITDA

Company financials (EPS, NAV, ratios) from Issuer DRHP figures, compiled from public IPO listings. Ratios computed at the upper price band; not investment advice.

AI IPO AnalysisAI

Listing Performance

Issue Price (upper band)
₹53
Listed At
₹72.00
Listing Gain
+35.85%

Opening price on the first trading day. Not the current price, and not a return — what happened after listing is not shown here.

GMP (Grey Market Premium)

₹12+22.64%

CAPITA1 desk — unofficial grey-market estimate — No exchange publishes a grey-market premium; this is not investment advice. Updated 11 Aug 2026, 08:51 am.

Subscription

Bidding not started.

Timeline

Open Date
05 Aug 2026
Close Date
07 Aug 2026
Allotment
10 Aug 2026
Refund
11 Aug 2026
Demat Credit
11 Aug 2026
Listing
12 Aug 2026

Lot Size & Offer

Lot Size
Not Available
Min Investment
Not Available
Fresh Issue
Not Available
Offer for Sale
Not Available

Reservation

QIB
50%
NII / HNI
15%
Retail
35%
Employee
Not Available

Objectives of the Issue

  • Funding incremental working capital requirement of Company
  • Repayment and/or pre-payment, in full or in part, of certain borrowings availed by Company
  • Purposes

Financial Highlights (₹ Cr)

Not Available

Revenue Growth
Not Available
PAT Growth
Not Available
EBITDA
Not Available
EBITDA Margin
12.6%
ROE
57.46%
ROCE
44.26%
Debt / Equity
1.25
Net Worth
Not Available

Promoter Holding

Pre-Issue
Not Available
Post-Issue
Not Available

Registrar & Managers

Registrar
Not Available
Book Running Lead Managers
Not Available

Offer Documents

RHP — Not Available DRHP — Not Available

Market data: NSE (official calendar, issue filing and subscription) · CAPITA1 desk (GMP) · updated 12 Sept 2026, 04:24 pm

Fundamentals: Issuer DRHP figures, compiled from public IPO listings · fetched 15 Aug 2026, 04:03 am

Corrected by CAPITA1: Sector · 05 Sept 2026, 12:54 pm

IPO calendar, issue details and subscription from NSE. Any grey-market premium shown is CAPITA1’s own unofficial estimate, entered by hand — not investment advice, and no exchange publishes one. Company fundamentals (financials, peers) are not part of the live feed.

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