Ardee Industries IPO Allotment Today: 30% Listing Gain Expected, Here’s How to Check Your Status!
The Ardee Industries IPO is set to finalize its share allotment today, August 10, following a highly successful subscription period from August 5 to August 7, where the issue was oversubscribed 133.66 times overall. The impressive demand was particularly noticeable in the Qualified Institutional Buyers (QIB) segment, which saw a subscription of 197.77 times, and the Non-Institutional Investors (NII) category at 255.24 times. This overwhelming interest indicates robust investor enthusiasm toward the company’s forthcoming market debut on the BSE and NSE scheduled for August 12, 2026.
As of today, Ardee Industries shares are trading at a grey market premium (GMP) of approximately Rs 16, translating to an estimated listing gain of around 30% over the upper price band of Rs 53 per share. If the prevailing GMP holds, investors can anticipate an initial listing price near Rs 69 per share. However, it is crucial to note that while the GMP reflects positive market sentiment, it remains an unofficial metric and actual price movements at debut will hinge on broader market conditions and investor demand at the time of listing.
The IPO consists of a fresh issue of 6.04 crore shares worth Rs 320 crore and an offer for sale (OFS) of 2 crore shares valued at Rs 105.87 crore, bringing the overall issue size to Rs 425.87 crore. The raised funds will primarily focus on bolstering the company’s balance sheet and facilitating expansion initiatives, with Rs 220 crore earmarked for working capital and Rs 20 crore for the repayment of select borrowings. Ardee Industries, which operates in the sustainable recovery and recycling sector, has showcased remarkable financial growth, with a 57% revenue increase to Rs 1,168.9 crore in FY 2025-26 and a staggering 155% rise in profit after tax.
The company’s strategic focus on the manufacture of high-purity lead and specialized alloys across various industries, coupled with an established global presence, positions it well for future growth. With a modern manufacturing facility in Andhra Pradesh and a diversified customer base extending into international markets, Ardee Industries represents a compelling investment opportunity for those looking to participate in the sustainable materials sector.
Source: The Economic Times
(Expert Note: This report was prepared by the Wealthova team.)