A

Ardee Industries Ltd.

CLOSED

Mainboard

GMP-

Subscription133.66×Overall

Min. Investment₹14,0501 lot × 281 shares

IPO Details

Issue Size₹20,286.51 Cr

Price Band₹50 – ₹53Per equity share

Lot Size281 SharesMin 1 lot (Retail)

Face Value₹2 / sharePaid-up equity

Total Shares382.76 CrOffered to public

Market Cap₹1,350.57 CrAt upper price band

QIB Quota4.2%Qualified Inst. Buyers

Retail Quota7.35%Non-inst. investors

IPO Timeline

Issue Opens5 Aug 2026

IPO subscription begins

Issue Closes7 Aug 2026

Last day to apply

Basis of Allotment10 Aug 2026

Allotment finalization

Listing Date12 Aug 2026

Trading begins on BSE & NSE

About & Business

Background
Industry
Promoters

Our Company was originally incorporated as ‘Ardee Industries Private Limited’, a private limited company under the provisions of Companies Act, 1956 at Chennai, Tamil Nadu, pursuant to a certificate of incorporation dated September 16, 1993, issued by Assistant Registrar of Companies, Tamil Nadu. Thereafter, our Company was converted into a public limited company pursuant to a board resolution dated March 29, 2025, and a special resolution passed by our Shareholders in an extra-ordinary general meeting held on April 1, 2025, and consequently, the name of our Company was changed to ‘Ardee Industries Limited’. A fresh certificate of incorporation dated May 6, 2025, consequent upon conversion to a public limited company was issued by the Registrar of Companies, Central Registration Centre. Our Company’s Corporate Identity Number is U24294DL1993PLC405804.

Major Events & Milestones

2021

Acquisition of our Company by present Promoters and promoter group from erstwhile promoters by way of transfer of 100% the then issued and paid up share capital of our Company.

Taken over manufacturing operations of pure lead and lead alloys

Receipt of ISO 9001:2015 (Quality Management System) and ISO 14001:2015 (Environmental Management System) for manufacture and supply of lead and lead alloy ingots

Commenced export of products

2023

Listing of our brand ‘Ardee’ on the MCX platform

2024

Receipt of ISO 45001:2018 (Occupational Health and Safety Management System) for manufacture and supply of lead and lead alloy ingots

2025

Achieved turnover of 5,000 million

Increase in the installed capacity of our Manufacturing Facility from 54,750 MTPA to 1,04,025 MTPA

Listing of our brand ‘ARDEE LEAD 9997’ on the LME platform

2026

Received an accreditation of our in-house testing laboratory in accordance with ISO/IEC 17025:2017 – “General Requirements for the Competence of Testing and Calibration Laboratories” in the field of testing by the National Accreditation Board for Testing and Calibration Laboratories

Increase in the installed capacity of our Manufacturing Facility from 104,025 MTPA to 156,950 MTPA

Objectives of the Issue

01Funding incremental working capital requirement of our Company
02Repayment and/or pre-payment, in full or in part, of certain borrowings availed by our Company
03General corporate purposes

Agencies & Documents

Book Running Lead Managers (BRLMs)

Pantomath Capital Advisors Pvt. Ltd.

Registrar to the Issue

KFin Technologies Ltd.67162222

IPO CalculatorClosed

Price Band50 – 53Cut-off: ₹53 per share

Closes7 Aug 20265:00 PM IST

Select Lots

1

Shares281 shares

Price per share₹53 (cut-off)

Total Investment₹14,893

Subscription Status

133.66× Overall

Category	Subscribed	Shares Offered
Qualified Institutional Buyers	197.77×	1,64,35,297
Retail Individual Investors	45.71×	2,93,91,053
Non Institutional Investors	255.24×	1,25,96,166

Last updated: 30 Jul 2026, 03:41 PM IST