Ardee Industries IPO
Market Sentiment
IPO Details
Market Lot Size
IPO Reservation
Return Estimator (GMP*)
Allotment Chances
Day-wise Subscription (times subscribed)
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 — +30% over the issue price.
- Grey-market premium is trending up during the bidding window.
- Heavily oversubscribed — 138.8x overall (so far).
- Strong institutional (QIB) demand — 202.3x.
- Revenue grew 57% in the latest reported year.
- 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
Ardee Industries, founded in 1993, is one of the leading Indian companies in the secondary metals industry, supplying high-quality lead metal. The firm began its journey as a trading company and evolved into a leading manufacturer and recycler of refined lead and alloys, serving domestic and international markets. Its product range includes high-purity lead and specialised lead alloys such as lead calcium, lead antimony, lead tin, lead silver, and lead cadmium alloys. Its products cater to a wide range of industries such as energy storage, e-mobility, automotive, and chemicals. Its manufacturing facility is situated in Tirupati district, Andhra Pradesh, spanning approximately 7.61 acres. Ardee Industries has exported its products to various countries, including Singapore, Hong Kong, South Korea, Switzerland, the United Arab Emirates, Japan, and the United States of America.
| 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 subscription window has closed; shares are expected to list on August 12, 2026 (2 days away).
Ardee Industries, founded in 1993, is one of the leading Indian companies in the secondary metals industry, supplying high-quality lead metal. The firm began its journey as a trading company and evolved into a leading manufacturer and recycler of refined lead and alloys, serving domestic and international markets.
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 16 (+30.2% over issue price), up Rs 11 from the previous session. Final subscription data records overall subscription at 138.77x, retail at 47.67x, QIB at 202.26x, NII at 266.71x.
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 Strong Subscribe — the data suggests strong listing-day potential backed by healthy fundamentals. Allotment status can be checked on the registrar portal once published; see the allotment links below.
Ardee Industries IPO GMP — What It Means
The latest grey market premium for Ardee Industries IPO is ₹16 (+30.2%). 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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