Ardee Industries IPO opens August 5
Analysis based on 6 articles · First reported Jul 30, 2026 · Last updated Aug 05, 2026
The IPO is expected to generate significant investor interest in India's recycling sector, potentially boosting valuations for similar companies. The strong financial performance and positive GMP suggest a successful listing, which could positively impact market sentiment for the lead recycling industry.
Ardee Group Limited, an Indian lead recycling and non-ferrous metals company, launched its initial public offering (IPO) on August 5, 2026. The Rs 425.87 crore book-built issue comprises a fresh issue of 6.04 crore shares worth Rs 320 crore and an offer for sale (OFS) of 2 crore shares worth Rs 105.87 crore. The price band is set at Rs 50-53 per share, with the issue closing on August 7, 2026. Allotment is expected on August 10, and listing on the NSE and BSE on August 12, 2026. The company plans to use Rs 220 crore of the proceeds for working capital and Rs 20 crore for debt repayment. Ardee Group reported strong financial growth in FY26, with total income up 57% to Rs 1,168.9 crore and PAT up 155% to Rs 84.7 crore. The grey market premium (GMP) has ranged between Rs 6.5 and Rs 13, indicating a potential listing gain of 12-25%. The anchor book saw participation from seven investors, including Bank of India Small Cap Fund, Ashish Kacholia, and others. The company operates a 104,025 MTPA facility in India — Andhra Pradesh and exports to seven countries.
Set up alerts, explore entity relationships, search across thousands of events, and build custom intelligence feeds.
Open Dashboard