Home / Business and Economy / Lead Recycling IPO Opens: Rs 425 Cr Issue Live
Lead Recycling IPO Opens: Rs 425 Cr Issue Live
6 Aug
Summary
- Ardee Industries IPO opens August 5, 2026, for Rs 425.87 crore.
- The IPO offers shares priced between Rs 50-53.
- Company focuses on lead recycling and non-ferrous metals.
Ardee Industries Limited launched its Initial Public Offering (IPO) on August 5, 2026, with a target to raise Rs 425.87 crore. The subscription period will close on August 7, 2026.
The company is offering shares in the price band of Rs 50 to Rs 53 per equity share. Ardee Industries operates in the lead recycling and non-ferrous metals sector, crucial for industrial supply chains and metal recovery.
The IPO comprises a fresh issue of 6.04 crore shares worth Rs 320 crore and an offer for sale of 2 crore shares valued at Rs 105.87 crore. Proceeds will fund working capital and repay debt.
Founded in 1993, Ardee Industries manufactures high-purity lead and specialized lead alloys. The company exports products to seven countries and serves over 50 customers globally. Its manufacturing facility in Andhra Pradesh holds ISO certifications.
Financially, Ardee Industries reported a 57% increase in total income to Rs 1,168.9 crore and a 155% surge in Profit After Tax to Rs 84.7 crore in FY 2025-26.
