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Total Issue Size
Fresh Issue + Offer For Sale
Fresh Issue (FI)
Proceeds go to the company
Offer For Sale (OFS)
Proceeds go to the existing investors
Funding incremental working capital requirements
Allocation of proceeds to meet the ongoing and projected working capital requirements for manufacturing operations.
Repayment or prepayment of certain borrowings
Full or partial prepayment and repayment of specific outstanding loans availed by the company.
General corporate purposes
Deployment of residual net proceeds towards general corporate activities and business growth initiatives.
(₹ in Crore)
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Ardee Industries Limited is an Indian enterprise operating within the resource recovery and circular economy sector. Originally incorporated in September 1993 under the name Ardee Industries Private Limited, the organization underwent a corporate conversion to become a public limited entity in 2025. The firm concentrates on the eco-friendly processing and reclamation of non-ferrous metal scrap and end-of-life power storage systems, with primary focus given to discarded lead-acid batteries. The business produces refined lead with purity grades reaching between 99.97% and 99.985%, alongside a wide range of specialized lead alloys including lead-calcium, lead-antimony, lead-tin, lead-silver, and lead-cadmium compositions. Its central industrial facility is situated at Naidupet in the Tirupati district of Andhra Pradesh, featuring a cumulative annual recycling capacity of 104,025 metric tonnes. In early 2026, the company achieved official approval for its pure lead brand Ardee Lead 9997 for delivery against London Metal Exchange standard contracts. Ardee Industries serves a client base of over 50 domestic and global corporate customers spanning energy storage, electric mobility, automotive, and industrial battery manufacturing. The enterprise exports refined metal products to seven international destinations, including the United States, Japan, and Singapore. Its operational framework prioritizes sustainable closed-loop battery recycling to meet environmental regulations and secure reliable raw material supply chains.
Ardee Industries Limited completed its anchor investor placement on August 4, 2026, securing ₹127.76 crore from seven institutional participants at the upper price band of ₹53 per equity share. The allotment comprised 24,105,584 equity shares in total. Prominent institutional investors in the anchor book include Bank of India Small Cap Fund, Bengal Finance & Investment Private Limited, Winro Commercial (India) Limited, Bharat Value Fund, and India Max Investment Fund Limited.
Source: RHP • Analysis provided for informational purposes
Last Updated: 10 August 2026, 2:35 PM
Established Position in Circular Economy and Lead Recycling
Operates an integrated recycling facility in Andhra Pradesh with an installed capacity of 104,025 MTPA, recovering high-purity lead and custom lead formulations.
LME Approval for Pure Lead Brand
Secured LME registration for its Ardee Lead 9997 brand in early 2026, validating product purity and enabling international contract delivery.
Diversified Global and Domestic Client Base
Supplies over 50 clients across battery manufacturing, automotive, and e-mobility sectors with exports reaching seven overseas markets.
Dependence on Sourcing of Used Battery Scrap
Operations rely heavily on consistent raw material availability and price fluctuations of end-of-life lead-acid batteries and non-ferrous metal scrap.
Environmental Regulation and Hazardous Material Compliance
Lead processing operations are subject to strict environmental laws, emission standards, and safety mandates enforced by pollution control authorities.
Single Manufacturing Facility Concentration
Production capacity is centralized at a single facility in Andhra Pradesh, exposing the business to operational disruptions from localized events.
Ardee Industries Limited
Khasra No. 340, 1st & 3rd Floor, Village Sultanpur, Mehrauli, Gadaipur, New Delhi 110030, Delhi, India
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