---
title: "Ardee Industries Set for Stock Market Debut Amidst Strong Investor Interest"
url: https://projectchintan.com/article/arde-industries-ipo-listing-strong-investor-interest-wh2av
publisher: Project Chintan
author: Project Chintan Newsroom
section: Business
published: 2026-08-12T04:30:17.579Z
modified: 2026-08-12T07:30:07.653Z
language: en-IN
---

# Ardee Industries Set for Stock Market Debut Amidst Strong Investor Interest

Ardee Industries' initial public offering is scheduled to list on August 12th, following a highly subscribed subscription period. Grey market premiums indicate a strong debut, with shares expected to trade above their issue price.

## Key takeaways

- Ardee Industries' IPO will list on the BSE and NSE on August 12th.
- The IPO was oversubscribed 133.66 times, with strong demand from institutional investors.
- Grey market premiums suggest shares could list approximately 27% higher than the IPO price.
- Proceeds will be used for working capital, debt repayment, and general corporate purposes.

## What Happened

Ardee Industries is slated to commence trading on the BSE and NSE on Wednesday, August 12th, at 10:00 IST. The company's initial public offering (IPO), which accepted subscriptions from August 5th to August 7th, garnered substantial investor interest. The allotment for the IPO was finalized on Monday, August 10th.

## Key Facts

- Ardee Industries' shares will be listed and available for trading on the BSE and NSE starting August 12th, within the 'B' Group of Securities.

- The IPO period ran from August 5th to August 7th.

- The IPO allotment was finalized on August 10th.

- The share price band for the IPO was set between ₹50 to ₹53 per equity share.

- The grey market premium (GMP) indicated an estimated listing price of ₹67.5 per share, representing a potential increase of 27.36% over the upper IPO price of ₹53.

- The overall subscription rate for the IPO reached 133.66 times.

- Qualified Institutional Buyers (QIBs) subscribed 197.77 times, Non-Institutional Investors (NIIs) subscribed 255.24 times, and retail investors subscribed 45.71 times.

- The IPO included a fresh issue of equity shares worth ₹320 crore and an offer for sale (OFS) of approximately 1.99 crore equity shares.

- Promoters Sandeep Aggarwal and Nikunj Aggarwal will each sell close to 99.87 lakh equity shares through the OFS.

- Proceeds from the fresh issue, totaling ₹220 crore, are earmarked for working capital requirements, with ₹20 crore allocated for debt repayment or pre-payment.

- Ardee Industries, established in 1993, operates in the recycling of energy storage products and non-ferrous scrap, focusing on high-purity lead and specialized lead alloys.

- The company's manufacturing facility is located in the Tirupati district of Andhra Pradesh, with an annual production capacity of 104,025 metric tonnes per annum.

## Background

Ardee Industries specializes in the sustainable recovery and recycling of end-of-life energy storage products and non-ferrous scrap. The company manufactures high-purity lead and various lead alloys, serving industries such as energy storage, electric mobility, automotive, and chemical sectors. As of March 31, 2025, Ardee Industries served over 50 domestic and international customers and exported products to seven countries. Pantomath Capital Advisors Private Limited acted as the book-running lead manager, and KFin Technologies Limited served as the IPO registrar.

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Canonical: https://projectchintan.com/article/arde-industries-ipo-listing-strong-investor-interest-wh2av
Reported from: Multiple Sources