Ardee Industries IPO listing: Ardee Industries’ share price debuted on a positive note on Wednesday, 12 August, listing at a 39% premium on the BSE and a 36% premium on the NSE.
Ardee Industries shares were listed at ₹73.60 on the BSE, a 38.87% premium over the issue price of ₹53. On the NSE, the stock was listed at ₹72, up 35.85% from the issue price.
However, the stock witnessed some profit booking soon after listing, which dragged it to ₹68.07 on the BSE and to ₹68.11 on the NSE.
According to grey market sources, the stock’s healthy listing exceeded expectations, with the grey market premium (GMP) on Ardee Industries shares at its highest level of ₹17 on Wednesday morning, indicating the stock could list at a 32% premium.
Ardee Industries IPO details
Ardee Industries IPO was a book-build issue of ₹425.87 crore, combining a fresh issue of 6.04 crore shares to raise ₹320 crore, and an offer for sale (OFS) of 2 crore shares, aggregating to ₹105.87 crore.
The IPO opened for subscription on Wednesday, 5 August, and concluded on Friday, 7 August, with a healthy subscription of 139 times. Share allotment was finalised on Monday, 10 August. The IPO price was ₹53 per share.
Ardee Industries specialises in the environmentally responsible recovery and recycling of end-of-life energy storage products and non-ferrous scrap, while reclaiming critical resources from waste streams.
For FY24, the company’s revenue from operations stood at ₹462.96 crore, which increased to ₹742.74 crore in FY25, and to ₹1,167.65 crore in FY26. Profit in FY24, FY25, and FY26 were ₹8.95 crore, ₹33.27 crore, and ₹84.68 crore, respectively.
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