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NSE List Price : ₹

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Category	Times
QIBs	0.00x
HNIs	0.00x
Retail	0.00x
Total : 0.00x

IPO Market Lot(s) Distribution

Application	Lot Size	Shares	Amount
Retail Minimum	1	281	₹14,893
Retail Maximum	13	3,653	₹193,609
S-HNI Minimum	14	3,934	₹208,502
S-HNI Maximum	67	18,827	₹997,831
B-HNI Minimum	68	19,108	₹1,012,724

About the Company

Ardee Industries Limited is a prominent Indian manufacturer specializing in the recycling of lead and the production of secondary lead and lead alloy products. The company caters to both domestic and international customers, supplying premium-quality lead metal to industries such as batteries, metals, and manufacturing while promoting sustainable resource utilization and circular economy principles.

The company focuses on recycling lead and manufacturing refined lead along with a range of lead alloy products. Its operations are backed by manufacturing facilities with an installed finished goods recycling capacity of 104,390 MT per annum, ensuring compliance with rigorous quality, safety, and environmental norms.

Ardee Industries is one of the select companies in India whose lead ingot brand has received approval from the London Metal Exchange (LME), reflecting adherence to globally recognized quality benchmarks. The business is managed by an experienced leadership team committed to ethical business conduct, responsible procurement practices, and fostering long-term customer partnerships.

Supported by a robust raw material sourcing network, a well-established customer base, and a strong emphasis on operational efficiency, Ardee Industries has established itself as a significant participant in India's secondary lead and metal recycling sector.

Company Financial Report

_{Amount ₹ in Crores}

Period Ended	Revenue	Expense	PAT	Assets
2024	₹463.39	₹451.61	₹8.95	₹196.12
2025	₹743.53	₹698.88	₹33.27	₹262.06
2026	₹1168.88	₹1055.94	₹84.68	₹363.33

Company Promoter

Sandeep Aggarwal

Nikunj Aggarwal

Esha Gupta

Know before investing

• • Strengths

  Strong presence in the circular economy: The company is a well-established participant in India's secondary lead recycling industry with a demonstrated history of operational excellence. Its recycling-focused business model promotes efficient resource recovery and reinforces its role in advancing the circular economy.

  Effective commodity price risk mitigation through hedging: The company adopts hedging strategies to minimize the impact of fluctuations in commodity prices. These risk management practices help limit exposure to raw material cost volatility and contribute to more consistent financial performance.

• • Risks

  Customer concentration risk: The company derives a considerable share of its revenue from a relatively small group of customers, with its largest customer accounting for a meaningful portion of annual sales. Any reduction in business from key customers or the loss of a major customer could adversely affect its operations, financial condition, and cash flows.

  Stringent quality standards: The company is required to comply with rigorous quality requirements across its operations and must consistently invest in quality assurance processes. Failure to maintain these standards may lead to order losses, reputational harm, and a negative impact on its financial performance.

Objects of the Issue & Utilisation of proceeds

Funding incremental working capital requirement of Company.

Repayment and/or pre-payment, in full or in part, of certain borrowings availed by Company.

Purposes.

Company  Address

Ardee Industries Ltd.
Khasra No. 340, 1st Floor and 3rd Floor,
Village Sultanpur,
Mehrauli, Gadaipur,
Delhi, New Delhi, 110030
Phone: +91 11 4760 021
Email: cs@ardeeindustries.com
Website: https://ardeeindustries.com/

IPO Registrar

Kfin Technologies Ltd.
Phone: 040-79615565
Email: ardeeindustries.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/

IPO Review

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