ARDEE INDUSTRIES LIMITED IPO
Registrar: KFin Technologies Limited · Lead: Pantomath Capital Advisors Private Limited · Listing on NSE, BSE
IPO Lot Size
281 shares / lot · ₹53 upper bandInvestors can bid for a minimum of 281 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 281 | ₹14,893 |
| Retail (Max) | 13 | 3,653 | ₹1,93,609 |
| S-HNI (Min) | 14 | 3,934 | ₹2,08,502 |
| S-HNI (Max) | 67 | 18,827 | ₹9,97,831 |
| B-HNI (Min) | 68 | 19,108 | ₹10,12,724 |
About the company
Ardee Industries Limited is one of India’s leading players in the circular economy, specializing in the environmentally responsible recovery and recycling of end-of-life energy storage products and non-ferrous scrap. The company reclaims critical resources from waste streams and offers a product portfolio comprising pure lead and various lead alloys such as lead calcium, antimony, tin, silver, and cadmium alloys.
These products find applications in critical industries including energy storage, e-mobility, automotive, chemical, and more. The company operates a sustainable circular business model with an installed recycling capacity of 104,025 MTPA, focused on reducing India’s dependence on imported critical metals and lowering the environmental footprint of industrial growth.
Objectives of the issue
- Funding incremental working capital requirement of our Company.
- Repayment and/or pre-payment, in full or in part, of certain borrowings availed by our Company.
- General corporate purposes.
Key strengths
- One of India’s leading players in circular economy with a proven track record with demonstrated operational stability.
- Application of Hedging Mechanism for Commodity Price Risk Related Protection.
- Strong customer base along with robust raw materials sourcing capabilities.
- Track record of profitability and consistent financial performance.
- Experienced promoters and professional management team.
- Strategically located manufacturing facility with port connectivity, enabling cost-efficient inbound material handling and timely global shipments.
- ISO certified quality management systems and an in-house laboratory for material testing and analysis.
- Strong global sourcing network across numerous countries for lead-containing scrap materials.
Key risks
- High customer concentration; loss of top customers could materially affect business, financial condition, results of operations and cash flows.
- Dependence on battery and metal industries for majority of revenue; downturn in demand could adversely affect business.
- Subject to strict quality requirements; failure to comply could lead to order cancellations and reputational damage.
- Dependence on third-party suppliers for raw material; disruptions in supply or price fluctuations may have adverse impact.
- Operates in a labour-intensive industry, dependent on contract labour; non-availability or cost increase could impact operations.
- Absence of long-term agreements with customers; may need to offer unfavorable terms to retain existing customers.
- Substantial capital requirements; may need additional capital and financing in the future, curtailing operations if unavailable.
- Volatility in prices of lead products and raw materials; may have a material adverse effect on business, results of operations, prospects and financial condition.
- Limited operating history; historical performance may not be indicative of future growth or financial results.
- Existing international operations and expansion plans subject to business, economic, political, regulatory and legal risks.