# Everything you need to know about Ardee Industries IPO

**URL:** https://tradingqna.com/t/everything-you-need-to-know-about-ardee-industries-ipo/196546
**Category:** IPOs
**Created:** [July 31, 2026, 6:46am UTC](https://tradingqna.com/t/everything-you-need-to-know-about-ardee-industries-ipo/196546 "2026-07-31T06:46:49Z")
**Posts on this page:** 1
**Page:** 1

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### Author: ![Abhinav\_Seth1](https://tradingqna.com/user_avatar/tradingqna.com/abhinav_seth1/32/88251_2.png) [@Abhinav\_Seth1](https://tradingqna.com/u/Abhinav_Seth1)
#### Post date: [July 31, 2026, 6:46am UTC](https://tradingqna.com/t/everything-you-need-to-know-about-ardee-industries-ipo/196546/1 "2026-07-31T06:46:49Z")

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### About

Ardee Industries Limited is a key player in India's circular economy, specialising in the environmentally responsible recovery and recycling of end-of-life energy storage products and non-ferrous scrap. The company's core business involves manufacturing pure lead and various lead alloys, including lead-calcium, lead-antimony, and lead-tin alloys, by processing recyclable scrap materials such as used lead-acid batteries, remelted lead ingots, and lead scrap. It operates a manufacturing facility in Naidupet, Andhra Pradesh. The company generates revenue primarily from the sale of its recycled and refined products, which meet international purity standards of 99.97% to 99.985%, to customers in both domestic and international markets. Its products are crucial for industries like energy storage, e-mobility, automotive, and chemicals. Ardee Industries serves a diverse customer base, including large-scale battery manufacturers, across India and in export markets like Singapore, Switzerland, and South Korea.

### IPO schedule

| Issue open date | 2026-08-05 |
| Issue close date | 2026-08-07 |
| UPI mandate deadline | 2026-08-07 (5 PM) |
| Allotment finalization | 2026-08-10 |
| Refund initiation | 2026-08-11 |
| Share credit | 2026-08-11 |
| Listing date | 2026-08-12 |
| Mandate end date | 2026-08-22 |
| Lock-in end date for anchor investors (50%) | 2026-09-08 |
| Lock-in end date for anchor investors (remaining) | 2026-11-07 |

### Financials

| **Financial Year Ended** | **March 2024** | **March 2025** | **March 2026** |
| Total Assets | 196.12 | 262.06 | 363.33 |
| Revenue | 463.39 | 743.53 | 1168.88 |
| Profit After Tax | 8.95 | 33.27 | 84.68 |

## Issue size

| **Funds Raised in the IPO** | **Amount (₹ Cr.)** |
| Total issue size | 425.87 |
| Fresh Issue - Proceeds go to the company | 320 |
| Offer for sale - Proceeds go to the existing investors  
  | 105.87 |

## Utilisation of proceeds

| **Purpose** | **INR crores (%)** |
| Funding incremental working capital requirements | 220 (68.75%) |
| Repayment and/or pre-payment of certain company borrowings | 20 (6.25%) |
| General corporate purposes | 80 (25%) |

## Strengths

- One of India's leading players in the circular economy, specialising in recycling end-of-life energy products.
- One of the fastest-growing companies in the sector, with a revenue CAGR of 58.81% in the last three fiscals.
- Manufacturing facility is strategically located near major battery manufacturers and ports, reducing logistical costs.
- Utilises a robust hedging mechanism to mitigate volatility in commodity prices, protecting margins.
- Maintains a strong and diverse global sourcing network for raw materials from over 50 countries.

## Risks

- Significant revenue concentration, with the top customer contributing 40.64% of revenue from operations.
- High dependency on the battery and metal industries, which contributed 84.79% of operational revenue.
- A substantial portion of raw materials is sourced from a limited number of suppliers.
- Potential for conflict of interest exists with a group company, Pilot Industries Limited, engaged in a similar business.
- Business is vulnerable to the decline of lead-acid batteries due to the rising adoption of lithium-ion technology.  
 

## **Allotment Status for Ardee Industries**

To check your IPO allotment status:

- Visit the[Kfin Technologies IPO Application Status](https://ipostatus.kfintech.com/) page.
- Select the company name from the dropdown menu.
- Select and enter one of the following: PAN, Application Number, DP/Client ID, or Account Number/IFSC.
- Click Submit to view your allot