Ardee Industries Files IPO to Raise ₹320 Crore

Ardee Industries, a company that recycles old batteries and other scrap, is planning to sell stocks to the public through an IPO to raise money.

They are looking to raise ₹320 crore.

This money will be used to help the company manage its day-to-day expenses, pay off some debt, and for general business needs.

They also have an offer for sale of existing shares.

The company recycles materials like lead and other metals, and sells to companies in several countries including Singapore, and the United States.

They have a factory in Andhra Pradesh.