Ardee Industries IPO Details

About Ardee Industries Limited

Ardee Industries Limited is one of India's leading secondary lead manufacturers engaged in the recycling of used lead batteries and non-ferrous metal scrap. The company converts recyclable lead-based materials into refined lead and value-added lead products that are supplied to battery manufacturers and industrial customers across domestic as well as international markets.

The company operates modern recycling facilities with an emphasis on environmentally responsible manufacturing practices. Ardee Industries follows internationally recognized quality, environmental and occupational safety standards, helping it maintain long-term relationships with customers across various industries.

Its product portfolio primarily includes refined lead, lead alloys and other lead-based products used by automotive battery manufacturers, industrial battery producers and other engineering industries. The company exports its products to several countries, strengthening its global presence. :contentReference[oaicite:0]{index=0}

Competitive Strengths

• Leading player in India's secondary lead recycling industry.
• Environment-friendly recycling process with integrated manufacturing facilities.
• Diversified domestic and international customer base.
• Experienced promoters and professional management team.
• Long-standing relationships with battery manufacturers.
• International quality certifications and compliance standards.
• Strong focus on sustainable metal recycling and circular economy.

Objects of the Issue

The company proposes to utilize the net proceeds from the IPO for the following purposes:

• Funding capital expenditure towards expansion of manufacturing facilities.
• Repayment or prepayment of certain outstanding borrowings.
• Meeting incremental working capital requirements.
• Investment in subsidiary/business expansion initiatives.
• General corporate purposes.