31 Mar 2024
Assets196.12
Total Income463.39
EBITDA28.06
Profit After Tax8.95
NET Worth29.25
Reserves and Surplus26.06
Total Borrowing142.36
At a glance
Updated 2026-08-24The shares listed at ₹72.00, a 35.85% move from the issue price. Ardee Industries is a Mainboard IPO with an issue size of ₹425.87 crore, proposed for listing on BSE, NSE. The offer opens on 5th Aug 2026 and closes on 7th Aug 2026. The issue structure includes a fresh issue of ₹320.00 crore and an offer-for-sale component of ₹105.87 crore. The current listing schedule points to 12th Aug 2026.
Issue details
Listing atBSE, NSE
Issue typeBook Build Issue
Issue size₹425.87 Cr
Fresh issue₹320.00 Cr
Offer for sale₹105.87 Cr
Face value₹2
Price band₹50.00–₹53.00
Allotment10th Aug 2026
Listing12th Aug 2026
Listing performance
Full performance ↗Issue price₹53.00
Listing price₹72.00
Current price—
Listing gain35.85%
Current return—
Price progressionIssue → Listing → Current
Grey market
GMP page ↗Latest GMP₹17.00
GMP / upper price32.08%
Est. listing₹70.00
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens5th Aug 2026
Closes7th Aug 2026
Allotment10th Aug 2026
Refund11th Aug 2026
Demat11th Aug 2026
Listing12th Aug 2026
Subscription demand
Full bidding ↗Total138.83×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Minimum Bid | 1 | 281 | ₹14,893 |
Reservation
Issue mix
QIB50.00%4,01,75,974 shares
− Anchor Investor30.00%2,41,05,584 shares
− QIB (Ex. Anchor)20.00%1,60,70,390 shares
NII (HNI)15.00%1,20,52,793 shares
− bNII > ₹10L10.00%80,35,195 shares
− sNII < ₹10L5.00%40,17,598 shares
Retail35.00%2,81,23,183 shares
Total100.00%8,03,51,950 shares
Company
Incorporated1993
Use of proceeds
| Object | Amount |
|---|---|
| Funding incremental working capital requirement of Company | ₹220.00 Cr |
| Repayment and/or pre-payment, in full or in part, of certain borrowings availed by Company | ₹20.00 Cr |
| General Corporate Purposes | ₹46.27 Cr |
| Issue Expenses | ₹44.87 Cr |
| Total | ₹331.15 Cr |
Financials
Full financials ↗31 Mar 2025
Assets262.06
Total Income743.53
EBITDA65.93
Profit After Tax33.27
NET Worth62.60
Reserves and Surplus59.42
Total Borrowing165.77
31 Mar 2026
Assets363.33
Total Income1,168.88
EBITDA147.08
Profit After Tax84.68
NET Worth147.38
Reserves and Surplus96.42
Total Borrowing182.75
Trend chart₹ crore
KPIs
| KPI | Mar 31, 2025 | Mar 31, 2026 |
|---|---|---|
| ROE | 72% | 81% |
| ROCE | 25.17% | 44.26% |
| Debt / Equity | 2.65% | 1.25% |
| RoNW | 53.15% | 57.46% |
| PAT Margin | 4.48% | 7.25% |
| EBITDA Margin | 8.88% | 12.60% |
| Price to Book Value | 21.54 |
Valuation & shareholding
Pre-IPO EPS3.32
Post-IPO EPS2.69
Pre-IPO P/E15.96
Post-IPO P/E19.7
Promoter holding pre91.48%
Promoter holding post67.62%
Market cap₹1670.57 Cr.
Issue expenses
| Expense | Amount |
|---|---|
| Funding incremental working capital requirement of Company | ₹220.00 Cr |
| Repayment and/or pre-payment, in full or in part, of certain borrowings availed by Company | ₹20.00 Cr |
| General Corporate Purposes | ₹46.27 Cr |
| Issue Expenses | ₹44.87 Cr |
| Total | ₹331.15 Cr |
Registrar & lead managers
Registrar
Kfin Technologies Ltd.Lead managers
- Pantomath Capital Advisors Pvt.Ltd.
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-08-24.