Ardee Industries IPO set to Surge Market, Raising Up To ₹320 Crore Amid Recycling Sector Boom
New Delhi based lead recycling company Ardee Industries is gearing up for its maiden public offering. The highly anticipated Initial Public Offering (IPO) is scheduled to open on August 5th. The launch aims to raise fresh capital of up to ₹320 crore, complemented by an Offer-For-Sale (OFS) component involving the promoters.The IPO structure includes the OFS, where the founders Sandeep Aggarwal and Nikunj Aggarwal will each sell 99.87 lakh shares. This is part of the prospectus filed on July 27th with investors. The market timeline specifies that anchor book subscriptions will commence on August 4th.
IPO Timeline and Investment Allocation
The initial public offering (IPO) phase is set to conclude on August 7th. Following this, the share allotment process is slated for completion by August 10th. Investors can anticipate Ardee Industries' debut on stock exchanges on August 12th.Allocation percentages have been structured specifically for various investor types. Qualified Institutional Buyers (QIBs) are allotted 50 percent of the issue. Retail investors have a designated share of 35 percent, while non-institutional investors will receive 15 percent. The price band details pertaining to the IPO will be officially announced on July 29th.
Company Focus and Operational Capacity
Ardee Industries operates in the critical space of recycling end-of-life energy storage products and non-ferrous scrap. The company boasts a significant installed recycling capacity amounting to 1,56,950 MTPA.The product portfolio generated by Ardee includes pure lead and various lead alloys. These essential materials find widespread use across several vital sectors, including the automotive industry, e-mobility solutions, chemicals, and energy storage systems.
Financial Performance Highlights
Ardee Industries has demonstrated robust financial health in recent fiscal periods. Profit saw a remarkable surge of 154.5 percent, reaching ₹84.7 crore for the year ended March 2026. This figure is significantly higher than the ₹33.3 crore reported in the preceding year.Revenue for the company also showed substantial growth, surging by 57.2 percent. Revenue reached ₹1,167.7 crore from ₹742.7 crore during the same fiscal period. These figures underscore the operational scale and market penetration achieved by the company.
Utilization of Raised Funds
The proceeds generated through the net fresh issue are earmarked for specific corporate needs. Ardee Industries plans to utilize ₹220 crore from the funds to meet incremental working capital requirements. A dedicated amount of ₹20 crore is allocated towards debt repayment obligations. The remaining balance will be designated for general corporate purposes within the organization.Pantomath Capital Advisors has been appointed as the sole merchant banker for the Ardee Industries IPO. This marks a significant offering, positioning it as the first mainboard IPO to open in August, following several public issues exceeding ₹51,000 crore across January-July 2026.
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