Ardee Industries
Battery-material recycler — recovers end-of-life batteries and non-ferrous scrap into high-purity lead and lead alloys.
Last updated 6 Aug 2026, 6:12 pm 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
- ₹13 (~24.5%)
- Subscription
- 3.08x
- Listing date
- 12 Aug 2026
- Model prediction
- Open (3.08x subscribed, GMP ~24.5%) -> ~+30% expected -> Strong Subscribe; call locks 2 PM on 7 Aug.
The Ticker Tales take
Ardee Industries, in business since 1993, is a battery-material recycler - it recovers and recycles end-of-life batteries and non-ferrous scrap into high-purity lead and specialised lead alloys, supplying energy storage, e-mobility, automotive and chemicals. It's a ₹425.87 Cr mainboard issue (about ₹320 Cr fresh shares, the rest an offer for sale where promoters sell some stake) that opened on 5 Aug at a ₹50-53 band and lists on 12 Aug. Demand has firmed to about 3.08x subscribed and the grey-market premium is around ₹13 (~24.5% over the ₹53 top price), with brokerages positive on the recycling / circular-economy angle and strong FY26 growth (revenue up ~57%, profit up ~155%). On that read we expect a listing pop of roughly 30% - a Strong Subscribe. The call is provisional and locks at 2 PM on the closing day (7 Aug).
More details
- Sector
- Battery / lead recycling (circular economy)
- Issue type
- Fresh ₹320 Cr + OFS
- Incorporated
- 1993
- Anil Singhvi - Long-term call
- Not clearly stated
- Anil Singhvi - Listing-gain call
- Not clearly stated
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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.