Ardee Industries lists at 39% premium in solid market debut

Ardee Industries is a company that recycles old batteries and scrap metal.

It turns these waste materials into pure lead and lead alloys used in energy storage, electric vehicles, cars and chemical products.

The company recently held an IPO, which is when a business sells shares so people can own a tiny part of it.

The IPO was extremely popular, with about 134 times more bids than shares available, and investors offered over ₹41,300 crore in total.

Each share was priced at ₹53.

Before trading began, the unofficial grey market suggested shares might open at around ₹66.5 to ₹70.

The shares actually started trading at a 39% premium above the issue price, a better result than many expected.

Ardee Industries is also growing quickly, with revenue rising from ₹462.96 crore in FY24 to ₹1,167.65 crore in FY26.

The money raised will be used for working capital, repaying some debt and general business purposes.