Archive · 29 Jul 2026
Ardee Industries IPO Opens August 5
Ardee Industries, a company that recycles old energy storage products and non-ferrous scrap, is launching its IPO on August 5.
The company plans to use the money raised to support its operations, pay off debts, and cover general corporate expenses.
The promoters, Sandeep Aggarwal and Nikunj Aggarwal, will sell some of their shares.
Ardee Industries has seen significant growth in both profit and revenue over the past year.
This IPO is the first mainboard IPO to open in August 2026, following a busy period of public issues earlier in the year.
Ardee Industries IPO opens on August 5.
Promoters Sandeep Aggarwal and Nikunj Aggarwal will sell 99.87 lakh shares each.
Proceeds will be used for working capital, debt repayment, and corporate purposes.
Company reported a 154.5% increase in profit and a 57.2% increase in revenue for FY 2026.
First mainboard IPO to open in August 2026.
- Who
- Ardee Industries, Sandeep Aggarwal, Nikunj Aggarwal
- What
- Initial Public Offering (IPO)
- When
- August 5
- Where
- India
- Why
- To raise funds for working capital, debt repayment, and corporate purposes
Investor Perspective
Company Perspective
IPO Purpose
Investor Perspective
Investors seek high returns and growth potential.
Company Perspective
Company aims to raise funds for working capital, debt repayment, and corporate purposes.
- IPO Opening Date
- August 5
- Price Band
- Rs 50-53 per equity share
- Lot Size
- Not specified
- Promoters
- Sandeep Aggarwal and Nikunj Aggarwal
- Recycling Capacity
- 1,56,950 MTPA
- Profit (FY 2026)
- Rs 84.7 crore
- Revenue (FY 2026)
- Rs 1,167.7 crore
- Issue Size
- Rs 426 crore
