The Ardee Industries Mainboard IPO will be open for subscription from August 5 to August 7, 2026.
The company aims to raise ₹425.87 crores through this book-built issue, which includes a fresh issue of ₹320 crores and an offer for sale (OFS) of ₹105.87 crores. The price band for the IPO is set at ₹50 to ₹53 per share, with a minimum lot size of 281 shares (requiring a minimum investment of ₹14,893) for retail investors.
Engaged in the recycling and resource recovery sector, the company is expected to finalize share allotment on August 10, 2026, with the official listing scheduled for August 12, 2026, on both the NSE and BSE.
Ardee Industries IPO GMP Today
Ardee Industries IPO last GMP is ₹12.5, last updated August 11 2026 03:35 pm. With the upper price band of ₹53, Ardee Industries IPO’s Estimated listing is ₹65.5 (cap price + today’s GMP). Tha expected percentage gain/loss per share is 23.58%
We update the GMP daily. Based on grey market activity over the last 14 session, the IPO’s GMP is trending upward today, indicating expectations of a strong listing. During this period, the GMP ranged from a low of ₹6.5 to a high of ₹16 . stay with us for the latest Ardee Industries IPO GMP updates, daily price trends, and expected listing price.
| GMP Date | IPO Price | GMP | EST. Listing Price | EST. Profit* | Last Updated |
|---|---|---|---|---|---|
| 11-08-2026 | ₹53 | ₹12.5 | ₹65.5(23.58%) | ₹3512 | 15:35 |
| 10-08-2026 | ₹53 | ₹15.5 | ₹68.5(29.25%) | ₹4355 | 15:10 |
| 09-08-2026 | ₹53 | ₹16 | ₹69(30.19%) | ₹4496 | 16:44 |
| 08-08-2026 | ₹53 | ₹15 | ₹68(28.30%) | ₹4215 | 09:02 |
| 07-08-2026 | ₹53 | ₹14 | ₹67(26.42%) | ₹3934 | 14:44 |
| 06-08-2026 | ₹53 | ₹15 | ₹68(28.30%) | ₹4215 | 15:28 |
| 05-08-2026 | ₹53 | ₹15 | ₹68(28.30%) | ₹4215 | 15:45 |
| 04-08-2026 | ₹53 | ₹7.5 | ₹60.5(14.15%) | ₹2107 | 15:26 |
| 03-08-2026 | ₹53 | ₹6.75 | ₹59.75(12.74%) | ₹1896 | 14:50 |
| 02-08-2026 | ₹53 | ₹7 | ₹60(13.21%) | ₹1967 | 09:41 |
| 01-08-2026 | ₹53 | ₹7 | ₹60(13.21%) | ₹1967 | 08:51 |
| 31-07-2026 | ₹53 | ₹13 | ₹66(24.53%) | ₹3,653 | 15:29 |
| 30-07-2026 | ₹53 | ₹13 | ₹66(24.53%) | ₹3,653 | 15:08 |
| 29-07-2026 | ₹53 | ₹13 | ₹66(24.53%) | ₹3,653 | 15:30 |
Ardee Industries IPO Details
| IPO Open Date | 05-08-2026 |
| IPO Close Date | 07-08-2026 |
| Face Value | ₹ 2 per share |
| IPO Price Band | ₹50 to ₹53 per share |
| Issue Size | Approx ₹425.87 cr. |
| Offer For Sale | Approx 1,99,75,000 Equity Shares |
| Fresh Issue | Approx ₹320 cr. |
| Issue Type | Book Built Issue |
Issue Reservation
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 35% |
| NII Shares Offered | 15% |
| QIB Shares Offered | 50% |
Ardee Industries IPO Market Lot
The Ardee Industries IPO minimum market lot is 281 shares with ₹14893 application amount. The retail investors can apply up-to 13 lots with 3653 shares of ₹1,93,609 amount.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 281 | ₹ 14,893 |
| Retail Maximum | 13 | 3653 | ₹ 1,93,609 |
| S-HNI Minimum | 14 | 3934 | ₹2,08,502 |
| S-HNI Maximum | 67 | 18,827 | ₹9,97,831 |
| B-HNI Minimum | 68 | 19,108 | ₹10,12,724 |
Ardee Industries IPO Anchor Investors
| Anchor Bidding Date | 04-08-2026 |
| Shares Offered | 2,41,05,584 share |
| Lock-in period end date 50% shares(30 Days) | 11-09-2026 |
| Lock-in period end date 50% shares (90 Days) | 10-11-2026 |
About Ardee Industries
Ardee Industries Limited is engaged in the recycling and resource recovery business, focusing on sustainable solutions for industrial waste management. The company specializes in processing and recovering valuable materials through environmentally responsible practices. By emphasizing operational efficiency, quality standards, and resource optimization, Ardee Industries aims to support the circular economy while reducing environmental impact. The company continues to strengthen its market presence through innovation, customer-focused services, and long-term growth strategies. Through its commitment to sustainability and responsible business practices, Ardee Industries seeks to create value for stakeholders and contribute to a greener future.
Ardee Industries IPO Dates
The Ardee Industries IPO opan date is August 5 and the close date is August 7. The Ardee Industries IPO allotment will be finalized on August 10 and the IPO listing on August 12.
| IPO Open Date: | 05-08-2026 |
| IPO Close Date: | 07-08-2026 |
| Basis of allotment: | 10-08-2026 |
| Refunds: | 11-08-2026 |
| Credit to Demat Account: | 11-08-2026 |
| IPO Listing Date: | 12-08-2026 |
Promoters and Holding Pattern
The company is promoted by Sandeep Aggarwal, Nikunj Aggarwal and Esha Gupta. Following the IPO, promoter shareholding is expected to dilute from 91.48% to 67.62%.
| Particular | Shares | % Share |
|---|---|---|
| Promoter Holding (Pre Issue) | 23,31,25,700 | 91.48% |
| Promoter Holding (Post Issue) | 21,31,50,700 | 67.62% |
Objects of the Issue & Utilisation of proceeds
| Purpose | Crores |
|---|---|
| Meeting the enhanced working capital requirements to facilitate future business growth | ₹220.00 Cr. |
| Repayment and/or partial or full prepayment of selected borrowings and financial obligations. | ₹20.00 Cr. |
| General corporate purposes. | N.A. |
Ardee Industries IPO Company Financial Report
| 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 |
Ardee Industries IPO Valuation – FY2026
Check Ardee Industries IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
|---|---|
| ROE | 57.46% |
| ROCE | 44.26% |
| EBITDA Margin | 12.60% |
| PAT Margin | 7.25% |
| Debt to equity ration | 1.25 |
| Earning Per Share(EPS) | ₹3.32 |
| P/E Ratio | N/A |
| Return on Net Worth (RoNW) | 57.46% |
| Net Asset Value(NAV) | ₹5.78 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Jain Resources Recycling Ltd. | 10.25 | 33.57 | 22.25% | 45.24 | 9543.11 cr. |
| Gravita India Ltd. | 52.02 | 35.37 | 15.43% | 332.16 | 4265.27 cr. |
| Pondy Oxides and Chemicals Ltd. | 43.98 | 31.94 | 16.73% | 258.39 | 2958.36 cr. |
IPO Lead Managers aka Merchant Bankers
- Pantomath Capital Advisors Pvt. Ltd.
Company Address
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
IPO Registrar
Kfin Technologies Ltd.
Phone: 040-79615565
Email: ardeeindustries.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
Disclaimer
I am not a SEBI-registered Research Analyst, Investment Adviser, or any other SEBI-regulated financial professional. The information provided on this website regarding IPOs, GMP, stock markets, and other financial topics is for educational and informational purposes only.
The content published on this website should not be considered financial advice, investment advice, or a recommendation to buy, sell, or hold any security. Investors should conduct their own research and consult a SEBI-registered financial advisor before making any investment decisions.