3 weeks ago
Ardee Industries shares slip after strong listing; investors advised caution
Ardee Industries is a company that takes old batteries and metal scraps and turns them into useful materials again.
That kind of work is called recycling, and it helps keep trash out of the planet.
The company wanted to grow bigger, so it sold pieces of itself called shares to the public.
Selling shares for the first time is called an initial public offering, or IPO.
Lots of people wanted those shares, and the company got a huge amount of money.
When the shares started being traded on the stock market, their price jumped up right away.
But soon after, the price slipped down a little.
Money experts say people should be careful and not rush to buy more shares at high prices.
They suggest that people who already own shares have a plan to protect their money if the price drops.
Ardee Industries shares slipped after a strong stock market debut following its IPO listing.
The IPO, open for subscription from August 5 to August 7, was subscribed 133.66 times overall with bids worth over Rs 41,300 crore.
QIB, NII, and retail portions were subscribed 197.77, 255.25, and 45.71 times respectively, with nearly 41.2 lakh applications.
Analyst Shivani Nyati advised allottees to hold with a stop-loss of Rs 65 and fresh investors to buy only on meaningful dips.
The New Delhi-based company recycles used lead-acid batteries and non-ferrous scrap in India's circular economy.
- Who
- Ardee Industries, its IPO investors, and analysts Shivani Nyati of Swastika Investmart and Mahesh M Ojha of Kantilal Chagganlal Securities.
- What
- Ardee Industries shares slipped after a strong listing debut, with analysts offering post-listing advice on holding, profit-booking, and fresh purchases.
- Where
- Indian stock markets, for the New Delhi-based company Ardee Industries.
- When
- The IPO was open for subscription from August 5 to August 7; the exact listing date is not stated in the article.
- Why
- The share price slipped after a sharp listing gain as investors considered profit-booking, prompting analysts to advise on buy and hold strategies.
Book Profits and Avoid Chasing
Hold for Long-Term Growth
Strategy for IPO allottees
Book Profits and Avoid Chasing
Mahesh M Ojha says investors primarily targeting listing gains may consider booking profits on listing, estimating a potential 20-25 per cent listing gain.
Hold for Long-Term Growth
Shivani Nyati says allottees can continue to hold with a stop-loss of Rs 65 on a closing basis, while Ojha notes longer-horizon investors may hold given the company's positioning in the organised recycled lead market.
Timing for fresh investment
Book Profits and Avoid Chasing
Nyati advises avoiding chasing the stock at higher levels after the sharp listing gain and watching for profit-booking, with fresh investors buying only on meaningful dips.
Hold for Long-Term Growth
Both analysts point to a positive post-listing outlook, citing attractive valuations, strong RoNW of 57.46 per cent, healthy profitability, and structural growth in battery recycling and the circular economy.
Key facts
- Company
- Ardee Industries
- Headquarters
- New Delhi, India
- Business
- Recycling of used lead-acid batteries and non-ferrous scrap in the circular economy
- IPO subscription period
- August 5-7
- Overall subscription
- 133.66 times
- Total bids received
- Over Rs 41,300 crore from ~41.2 lakh applications
- Return on net worth
- 57.46%
- Advised stop-loss for allottees
- Rs 65 on a closing basis
Quotes
Mahesh M. Ojha
Vice‑President Research & Business Development at Kantilal Chagganlal Securities
“"Ardee Industries made a strong stock market debut. The post‑listing outlook remains positive, supported by attractive valuations, strong RoNW of 57.46 per cent, healthy profitability and its presence in the growing circular economy and recycling space."”
businesstoday.in
“"We believe the company offers a reasonable valuation, established market positioning and scope for balance‑sheet improvement."”
businesstoday.in









