Battery Recycling Firm Ardee Industries Launches ₹320-Crore IPO
The IPO comprises a fresh issue of equity shares worth up to ₹320 crore and an offer for sale (OFS) of up to 1. 99 crore equity shares by promoter selling shareholders. Battery Recycling Firm Ardee Industries. . .
The IPO comprises a fresh issue of equity shares worth up to ₹320 crore and an offer for sale (OFS) of up to 1. 99 crore equity shares by promoter selling shareholders. Battery Recycling Firm Ardee Industries Launches ₹320-Crore IPO Photograph: (Ardee)Lead-acid battery recyling firm Ardee Industries Ltd will launch its initial public offering (IPO) on August 5, with the price band fixed at ₹50-53 per equity share. The anchor investor bidding will open on August 4, while the issue will close on August 7. The IPO comprises a fresh issue of equity shares worth up to ₹320 crore and an offer for sale (OFS) of up to 1. 99 crore equity shares by promoter selling shareholders Sandeep Aggarwal and Nikunj Aggarwal, who will each divest up to 99. 88 lakh shares. Minimum Equity ThresholdInvestors can bid for a minimum of 281 equity shares and in multiples thereof. The issue is being offered through the book-building process in accordance with the Securities and Exchange Board of India (SEBI) regulations. Up to 50% of the issue has been reserved for qualified institutional buyers (QIBs), of which up to 60% may be allocated to anchor investors. At least 15% of the issue has been earmarked for non-institutional investors and a minimum of 35% for retail individual investors. The company's equity shares are proposed to be listed on both the National Stock Exchange (NSE) and BSE, with NSE designated as the lead stock exchange. Pantomath Capital Advisors Pvt Ltd is the sole book-running lead manager to the issue, while KFin Technologies Ltd is the registrar. Ardee Industries filed its Red Herring Prospectus (RHP) with SEBI on July 27, 2026.