Ardee Industries IPO
Market Sentiment
IPO Details
Market Lot Size
IPO Reservation
Return Estimator (GMP*)
Financial Analysis
| Metric | 2024 | 2025 | 2026 |
|---|---|---|---|
| Revenue | 463.39 | 743.53 | 1,168.88 |
| Expense | 451.61 | 698.88 | 1,055.94 |
| Profit (PAT) | 8.95 | 33.27 | 84.68 |
| Total Assets | 196.12 | 262.06 | 363.33 |
| Company | EPS | P/E | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Gravita India Limited | 52.02 | 35.37 | 15.43 | 332.16 | 4,265.27 Cr |
| Pondy Oxides and Chemicals Limited | 43.98 | 31.94 | 16.73 | 258.39 | 2,958.36 Cr |
| Jain Resources Recycling Limited | 10.25 | 33.57 | 22.25 | 45.24 | 9,543.11 Cr |
Promoters: Sandeep Aggarwal, Nikunj Aggarwal and Esha Gupta
Strengths & Risks
- Strong grey-market premium — +25% over the issue price.
- Grey-market premium is trending up during the bidding window.
- Revenue grew 57% in the latest reported year.
- Strong return on equity — 57%.
- Mostly fresh capital — proceeds fund the company's growth, not an exit.
- Elevated leverage — debt/equity of 1.25.
Auto-generated from live GMP, subscription, valuation and financial data. Informational only — not investment advice. Always read the RHP before applying.
Company Information
| Purpose | Amount (Cr) |
|---|---|
| Funding incremental working capital requirement of Company | 220.00 |
| Repayment and/or pre-payment, in full or in part, of certain borrowings availed by Company | 20.00 |
| Purposes | - |
Resources & Documents
Ardee Industries Ltd., Khasra No. 340, 1st Floor and 3rd Floor,, Village Sultanpur,, Mehrauli, Gadaipur,, Delhi, New Delhi, 110030
Ardee Industries has set a price band of Rs 50–Rs 53 per share for an issue size of Rs 426 crore. The Mainboard issue is scheduled to open for subscription on August 05, 2026 — 5 days from now.
The issue is promoted by Sandeep Aggarwal, Nikunj Aggarwal and Esha Gupta with Pantomath Capital Advisors Pvt. Ltd. acting as lead manager. Net proceeds will primarily be used towards Funding incremental working capital requirement of Company (Rs 220 crore) and Repayment and/or pre-payment, in full or in part, of certain borrowings availed by Company (Rs 20 crore).
Grey market is quoting a premium of +Rs 13 (+24.5% over issue price), up Rs 8 from the previous session.
On fundamentals, the company is posting revenue growth of 57.2%, a profit margin of 7.2%, return on equity of 57.5% in its most recent reported period. Listed peers in this segment include Gravita India Limited (P/E 35.37x) and Pondy Oxides and Chemicals Limited (P/E 31.94x) — useful reference points when evaluating the issue's pricing relative to where the broader sector are trading.
Our data-driven engine currently flags this issue as a Subscribe call — the composite picture tilts favourable, though not without some caveats. All figures below — GMP history, subscription tiers, financials and peers — are aggregated from public disclosures. Always apply through your own broker after reading the RHP.
Ardee Industries IPO GMP — What It Means
The latest grey market premium for Ardee Industries IPO is ₹13 (+24.5%). GMP is an unofficial, dealer-quoted figure that hints at expected listing-day demand — it is not a guaranteed listing price. For Ardee Industries it should be read alongside the subscription numbers and the company's fundamentals, since grey-market premiums can swing sharply during the bidding window.
See the full Ardee Industries GMP history and trend, or learn how grey market premium works and how reliable it is.
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