Ardee Industries listed on NSE today. The company involved in the sustainable recovery and recycling of end-of-life energy storage products and non-ferrous scrap. Its product range includes high-purity lead and specialised lead alloys such as lead calcium, lead antimony, lead tin, lead silver, and lead cadmium alloys.
Ardee Industries shares made a strong stock market debut on Wednesday, listing at nearly 40 per cent premium over the IPO price of ₹53.The stock debuted at ₹72 on the NSE, a 35.8 per cent premium, while it listed at ₹73.60 on the BSE, a 38.8 per cent premium.At the time of writing, it traded with little over 30 per cent listing gains at ₹69 level.Shivani Nyati, Head of Wealth at Swastika Investmart Ltd, said Ardee Industries made a strong debut, and emphasised that the post-listing outlook remains positive.Congratulations to Ardee Industries Limited on getting listed on NSE today.Ardee Industries Limited is a company involved in the sustainable recovery and recycling of end-of-life energy storage products and non-ferrous scrap. Its product range includes high-purity lead and… pic.twitter.com/2wadYUMXoC— NSE India (@NSEIndia) August 12, 2026Nyati said it is supported by attractive valuations, strong RoNW of 57.46 per cent, healthy profitability and the company’s presence in the growing circular economy and recycling space.However, she said investors should avoid chasing the stock at higher levels after the sharp 36–39 per cent listing gain and watch for profit-booking.According to Nyati, IPO allottees can continue to hold with a stop-loss of ₹65 on a closing basis, while fresh investors may consider buying only on meaningful dips.The ₹426-crore IPO of Ardee Industries received strong participation from investors, with the issue subscribed 133.66 times. The IPO received bids for 780 crore shares against 5 crore shares on offer, according to data available with the NSE.The non-institutional investors’ category was subscribed 255.24 times, while the Qualified Institutional Buyers (QIBs) segment was booked 197.77 times. The retail quota was subscribed 45.71 times.Ardee Industries raised ₹128 crore from anchor investors.The IPO price band was fixed at ₹50-53 per equity share, valuing the company at ₹1,671 crore. Last week, Ardee Industries completed a pre-IPO secondary transaction worth ₹115 crore at ₹53 per share.The IPO comprised a fresh issue of equity shares worth up to ₹320 crore and an offer-for-sale (OFS) of up to 1.99 crore shares by promoters.Pantomath Capital Advisors was the book running lead manager to the issue.Published on August 12, 2026
