Ardee Industries
Battery-material recycler — recovers end-of-life batteries and non-ferrous scrap into high-purity lead and lead alloys.
Last updated 31 Aug 2026, 9:04 am IST
- Price band
- ₹50 – ₹53
- Lot size
- 281
- Issue size
- ₹425.87 Cr (₹320 Cr fresh + OFS)
- Opens
- 5 Aug 2026
- Closes
- 7 Aug 2026
- Exchange
- Both
The numbers
- GMP
- ₹15 (~28.3%)
- Subscription
- 133.66× (final)
- Listing gain
- NSE +35.9% / BSE +38.9% (12 Aug)
- Listing date
- 12 Aug 2026
- Model prediction
- ~+34% expected → Strong Subscribe. Listed +35.9% NSE / +38.9% BSE (12 Aug); call held.
The Ticker Tales take
Ardee Industries is a battery-material recycler — it turns end-of-life batteries and non-ferrous scrap into high-purity lead and lead alloys for energy storage, e-mobility and automotive. The ₹425.87 Cr mainboard issue (₹320 Cr fresh + OFS) closed on 7 Aug very strong at about 133.66× subscribed, with a grey-market premium around ₹15 (~28% over the ₹53 top price). We called Strong Subscribe expecting a pop near 34%. It listed on 12 Aug at ₹72 on NSE (+35.9%) and ₹73.60 on BSE (+38.9%) versus the ₹53 issue price, then eased on profit-booking to about +26% — a strong debut in line with our read, so the Strong Subscribe call played out.
More details
- Sector
- Battery / lead recycling (circular economy)
- Issue type
- Fresh ₹320 Cr + OFS
- Incorporated
- 1993
- Anil Singhvi - Long-term call
- Avoid (long term)
- Anil Singhvi - Listing-gain call
- Reasonable listing gains
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Calls here follow a set formula (GMP, subscription trends) plus Anil Singhvi's publicly shared view — not investment advice. Please do your own research before investing.