 |  |
Search Issue:
Ardee Industries IPO Details, Date, Allotment, Price, Analysis and Review
Ardee Industries IPO is a mainboard IPO aggregating up to 425.86 crore rupees. The issue consists of a fresh issue of 6,03,76,950 shares (aggregating up to 320 crore rupees) and an offer for sale of 1,99,75,000 shares (aggregating up to 105.86 crore rupees).
The IPO opened for subscription on 5 August 2026 and closes on 7 August 2026. The basis of allotment was finalised on 10 August 2026. The shares were listed on NSE and BSE on 12 August 2026.
The price band for the IPO is set at ₹50 to ₹53 per share. The minimum amount required for a retail investor is ₹14,893 (281 shares, 1 lot). The minimum amount required for an sHNI investor is ₹2,08,502 (3,934 shares, 14 lots).
The final allotment price for the Ardee Industries IPO was fixed at ₹53.00 per share. The shares successfully listed on the BSE at ₹73.60 per share (with a listing gain of 38.87%) and on the NSE at ₹72.00 per share (with a listing gain of 35.85%).
Pantomath Capital Advisors Pvt Ltd is the lead manager and KFin Technologies is the registrar of the IPO.
Refer to Ardee Industries RHP for more detailed information.
Ardee Industries Share Price Analysis API (Live)
Ardee Industries IPO Details Listed
IPO Issue Details
Ardee Industries IPO Lot Size & Required Amount
Number of Shares Per Lot = Shares
| Application | Lot(s) | Shares | Amount |
|---|---|---|---|
Retail (Min) Minimum investment required for Retail Individual Investors (RII). | 1 | 281 | ₹14,893 |
Retail (Max) Maximum investment allowed for Retail Individual Investors (Must be under ₹2 Lakhs). | 13 | 3653 | ₹1,93,609 |
S-HNI (Min) Minimum investment for Small High Net-worth Individuals (sHNI) (Must be above ₹2 Lakhs). | 14 | 3934 | ₹2,08,502 |
S-HNI (Max) Maximum investment for Small High Net-worth Individuals (sHNI) (Must be up to ₹10 Lakhs). | 67 | 18827 | ₹9,97,831 |
B-HNI (Min) Minimum investment for Big High Net-worth Individuals (bHNI) (Must be above ₹10 Lakhs). | 68 | 19108 | ₹10,12,724 |
IPO Reservation
Ardee Industries IPO offers total 8,03,51,950 shares (100.00%) . Out of which 4,01,75,974 shares (50.00%) allocated to QIB, 1,60,70,390 shares (20.00%) allocated to QIB (Ex- Anchor), 1,20,52,793 shares (15.00%) allocated to NII, 2,81,23,183 shares (35.00%) allocated to RII and 2,41,05,584 shares (30.00%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
|
QIB Shares Offered Qualified Institutional Buyers (e.g., mutual funds, banks). | 4,01,75,974 shares (50.00%) |
|
-
QIB (Anchor Investor) A portion of QIB shares reserved specifically for anchor investors. | 2,41,05,584 shares (30.00%) |
|
-
QIB (Ex. Anchor) Remaining QIB shares after anchor investor allocation. | 1,60,70,390 shares (20.00%) |
|
NII (HNI) Shares Offered Non-Institutional Investors, also known as High Net-worth Individuals. | 1,20,52,793 shares (15.00%) |
|
-
bNII (bids > ₹10L) Big HNI category for applications above ₹10 Lakhs. | 80,35,195 shares (10.00%) |
|
-
sNII (bids < ₹10L) Small HNI category for applications between ₹2 Lakh and ₹10 Lakh. | 40,17,598 shares (5.00%) |
|
Retail Shares Offered Retail Individual Investors applying for up to ₹2 Lakh. | 2,81,23,183 shares (35.00%) |
| Total Shares Offered | 8,03,51,950 shares (100.00%) |
IPO Anchor Investors
Ardee Industries IPO raises ₹127.76 crore from anchor investors. Ardee Industries IPO anchor bid date was 4 August 2026.
💼 Anchor Investors Allocation Letter (PDF)| 31 Mar 26 In Cr. | 31 Mar 25 In Cr. | 31 Mar 24 In Cr. | |
|---|---|---|---|
| Assets | 363.33 | 262.06 | 196.12 |
| Revenue | 1,168.88 | 743.53 | 463.39 |
| Profit After Tax | 84.68 | 33.27 | 8.95 |
| EBITDA | 147.08 | 65.93 | 28.06 |
| Net Worth | 147.38 | 62.6 | 29.25 |
| Total Borrowing | 182.75 | 165.77 | 142.36 |
| Reserves & Surplus | 96.42 | 59.42 | 26.06 |
Financial Performance Indicator (FPI)
| FPI | 31 Mar 2026 | 31 Mar 2025 |
|---|---|---|
ROE Return on Equity (ROE) is a measure of financial performance... | 81% | 72% |
ROCE Return on Capital Employed indicates how efficiently a company uses its capital. | 44.26% | 25.17% |
Debt/Equity A ratio comparing total liabilities to shareholder equity. | 1.25 | 2.65 |
RoNW RoNW (Return on Net Worth) is the percentage of profit earned relative to the company's net worth and reflects overall profitability for shareholders. | 57.46% | 53.15% |
PAT Margin Profit After Tax as a percentage of revenue. Shows how much net profit is retained from every rupee of sales. | 7.25% | 4.48% |
EBITDA Margin EBITDA Margin indicates earnings before interest, tax, depreciation, and amortisation as a percentage of revenue; reflects core operating efficiency. | 12.60% | 8.88% |
Price to Book Value Compares the stock's market price to its book value per share. A higher ratio may indicate market premium. | 21.54 |
| Pre IPO | Post IPO | |
|---|---|---|
EPS Rs Earnings Per Share is a company's profit divided by outstanding shares. | 3.32 | 2.69 |
P/E (x) Price to Earnings ratio is the ratio of a stock's market price to its earnings per share. Indicates how much investors pay per rupee of earnings. | 15.96 | 19.7 |
Promoter Holding The percentage of total shares held by the company's founders or promoter group. | 91.48% | 67.62% |
Ardee Industries IPO Peer Comparison
| Company Name | P/E ratio | EPS (Basic) | EPS (Diluted) | NAV (per share) | RoNW (%) | P/BV |
|---|---|---|---|---|---|---|
| Jain Resources Recycling | 33.57(Jain) | 10.25(Jain) | 10.25(Jain) | 45.24(Jain) | 22.25(Jain) | 7.64(Jain) |
| Pondy Oxides and Chemicals | 31.94(Pondy) | 43.98(Pondy) | 43.98(Pondy) | 258.39(Pondy) | 16.73(Pondy) | 5.44(Pondy) |
| Gravita India | 35.37(Gravita) | 52.02(Gravita) | 52.02(Gravita) | 332.16(Gravita) | 15.43(Gravita) | 5.54(Gravita) |
| Ardee Industries | (Ardee) | 3.32(Ardee) | 3.32(Ardee) | 5.78(Ardee) | 57.46(Ardee) | (Ardee) |
IPO Subscription Status
Ardee Industries IPO Lead Manager(s)
- Pantomath Capital Advisors Pvt Ltd
Ardee Industries IPO Frequently Asked Questions (FAQ)
Ardee Industries IPO is a mainboard IPO. The company will raise upto 425.86 crore rupees for 8,03,51,950 shares. Face value is ₹2 per share, Price band is ₹50 to ₹53 per share, and cutt off price is ₹53 per share. The IPO opens on 5 August 2026 and closes on 7 August 2026. is the registrar and shares of Ardee Industries IPO will be listed at NSE, BSE.
The issue size of IPO is . For fresh issue: 6,03,76,950 shares (aggregating up to 320 crore rupees) and for offer for sale: 1,99,75,000 shares (aggregating up to 105.86 crore rupees).
Price band for IPO is . Applying IPO application at cutt off price ₹53 per share (the upper end of price band) is considered safer than the applying IPO application at lower end of price band.
The lot size of Ardee Industries IPO is of 281. Minimum order quantity for retail investor is 281 shares (1 lots) and required amount is ₹14,893. Minimum order quantity for sHNI is 3,934 shares (14 lots) and required amount is ₹2,08,502. Minimum order quantity for bHNI investor is 19,108 shares (68 lots) and required amount is ₹10,12,724.
The investors portion reserved for QIB is 4,01,75,974 shares (50.00%), reserved for HNI is 1,20,52,793 shares (15.00%) and reserved for retail investors.
The IPO will be available for subscription from 5 August 2026 to 7 August 2026. IPO open date is 5 August 2026 and close date is 7 August 2026.
Allotment date for IPO is 10 August 2026. On the allotment date, After the IPO allotment status is announced, investors can check their IPO application allotment status on their respective IPO registrar.
The registrar for IPO is Kfin Technologies Ltd.
The IPO will be listed on 12 August 2026 at NSE, BSE.