Home / Business and Economy / Ardee Industries IPO Opens Aug 5 With 13% GMP
Ardee Industries IPO Opens Aug 5 With 13% GMP
3 Aug
Summary
- Ardee Industries IPO opens August 5 and closes August 7.
- The IPO aims to raise Rs 425.87 crore for working capital.
- Grey market premium indicates a potential 13% listing gain.
The Ardee Industries IPO, a significant public offering valued at Rs 425.87 crore, is scheduled to open for subscription on August 5, 2026, and will conclude on August 7, 2026. Ahead of its launch, the issue is commanding a grey market premium (GMP) of approximately 13%, indicating positive investor sentiment and expectations for a strong debut on the stock exchanges.
The company intends to allocate the funds raised from the IPO towards crucial areas such as working capital requirements, amounting to Rs 220 crore, and the repayment of select borrowings, totaling Rs 20 crore. The remaining funds will be used for general corporate purposes, supporting Ardee Industries' ongoing operational needs and future growth initiatives.
Established in 1993, Ardee Industries specializes in the sustainable recovery and recycling of end-of-life energy storage products and non-ferrous scrap, manufacturing high-purity lead and specialized lead alloys. The company reported robust financial performance in FY 2025-26, with total income surging by 57% to Rs 1,168.9 crore and Profit After Tax (PAT) growing by 155% to Rs 84.7 crore.
The share allotment for the IPO is expected by August 10, 2026, with the company's shares anticipated to list on both the NSE and BSE on August 12, 2026. Pantomath Capital Advisors Private Limited is managing the IPO as the book running lead manager, with KFin Technologies Limited serving as the registrar.
