IPO Listed — 12 Aug 2026
Listing Price: ₹72
Ardee Industries IPO GMP History | Listing Price ₹72 & Kostak Rate
Ardee Industries IPO has been listed on August 12, 2026 at a listing price of ₹72, against the issue price of ₹53 — a gain of ₹19 (+35.85%). The GMP peaked at ₹17 on 12 August 2026 and reached a low of ₹0 on 28 July 2026. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Ardee Industries IPO raised ₹425.87 Cr. through its IPO at a price band of ₹50 to ₹53 per share, with a lot size of 281 shares. The IPO was open for subscription from 05 Aug 2026 to 07 Aug 2026.
GMP Trend Chart
Day-wise GMP Trend
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 12 Aug 2026 | ₹ 17 | 32.08% | ₹ 0 | ₹ 0 | |
| 11 Aug 2026 | ₹ 14.5 | 27.36% | ₹ 0 | ₹ 0 | |
| 10 Aug 2026 | ₹ 14.5 | 27.36% | ₹ 0 | ₹ 0 | |
| 09 Aug 2026 | ₹ 16 | 30.19% | ₹ 0 | ₹ 0 | |
| 08 Aug 2026 | ₹ 16 | 30.19% | ₹ 0 | ₹ 0 | |
| 07 Aug 2026 | ₹ 15 | 28.30% | ₹ 0 | ₹ 0 | |
| 06 Aug 2026 | ₹ 14 | 26.42% | ₹ 0 | ₹ 0 | |
| 05 Aug 2026 | ₹ 15.25 | 28.77% | ₹ 0 | ₹ 0 | |
| 04 Aug 2026 | ₹ 8 | 15.09% | ₹ 0 | ₹ 0 | |
| 03 Aug 2026 | ₹ 7.5 | 14.15% | ₹ 0 | ₹ 0 | |
| 01 Aug 2026 | ₹ 6.5 | 12.3% | ₹ 0 | ₹ 0 | |
| 31 Jul 2026 | ₹ 7 | 13.2% | ₹ 0 | ₹ 0 | |
| 30 Jul 2026 | ₹ 13 | 24.5% | ₹ 0 | ₹ 0 | |
| 29 Jul 2026 | ₹ 13 | 24.5% | ₹ 0 | ₹ 0 | |
| 28 Jul 2026 | ₹ 0 | -- | ₹ 0 | ₹ 0 |
Ardee Industries IPO Dates
| Event | Date |
|---|---|
| Open Date | 05 Aug, 2026 |
| Close Date | 07 Aug, 2026 |
| Allotment Date | 10 Aug, 2026 |
| Refund Date | 11 Aug, 2026 |
| Credit to Demat | 11 Aug, 2026 |
| Listing Date | 12 Aug, 2026 |
Ardee Industries IPO Actual Listing Price
| Basis | Value |
|---|---|
| Issue Price | ₹53 |
| GMP-Based Estimate (Pre-Listing) | ₹70 (+32.1%) |
| Actual Listing Price | ₹72 (+35.85%) |
| Listing Gain / Loss | +₹19 per share |
| Listing Date | 12 Aug, 2026 |
Is Ardee Industries IPO GMP Reliable?
Grey market premium for Ardee Industries IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- Cross-check before acting: Review the Ardee Industries IPO full review for a fundamentals-based assessment before making any grey market trades.
Ardee Industries IPO IPO Kostak Rate Explained
The Kostak rate for Ardee Industries IPO was not active during the subscription period, as no grey market premium was established. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not active for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Ardee Industries IPO
Its products include high-purity lead and special lead alloys such as lead calcium, lead antimony, lead tin, lead silver and lead cadmium. These are used in energy storage, e-mobility, automobile and chemical industries.
As on 31 March 2025, the company had served more than 50 customers in India and abroad, mostly in the battery and metals business. It has exported to seven countries, including Singapore, Hong Kong, South Korea, Switzerland, the UAE, Japan and the United States.
The company owns a factory of about 7.61 acres in Tirupati district of Andhra Pradesh. Its installed capacity is 1,04,025 MTPA. The plant has rotary furnaces, refining kettles, casting systems and pollution control equipment. It is certified under ISO 9001:2015 for quality, ISO 14001:2015 for environment, and ISO 45001:2018 for health and safety.
Strengths & Risks
Strengths
- ✓ It is one of the leading Indian companies in the circular economy space, with a long track record of steady operations.
- ✓ The company uses hedging to protect itself from sharp changes in commodity prices.
- ✓ It has a strong customer base and is able to source raw material well.
- ✓ Profits have been consistent, and both revenue and profit have grown well in the last three years.
- ✓ The promoters are experienced and the company has a professional management team.
Risks
- ⚠ The whole business depends on lead. If lead prices or demand from battery makers fall, both revenue and profit will come down quickly.
- ⚠ Raw material is old batteries and scrap. Supply of this scrap is not fixed and its price keeps changing, so margins can move up and down.
- ⚠ Margins are thin. PAT margin was only 7.25% and EBITDA margin 12.60% in FY2026, even in a very good year.
- ⚠ Borrowings are still high at Rs 182.75 crore in FY2026. Only Rs 20 crore of the issue money will go towards repaying loans.
- ⚠ Lead recycling is a polluting activity. Any change in environment rules, or any action by the pollution control board, can stop work at the plant.
- ⚠ The company has only one factory, in Tirupati district of Andhra Pradesh. Any fire, breakdown or shutdown there will stop the entire production.
- ⚠ Growth in FY2026 was very sharp, with profit going up 155%. Such growth may not repeat every year.
- ⚠ Out of the Rs 425.87 crore issue, Rs 105.87 crore is offer for sale by the two promoters. That money goes to them and not to the company.
Frequently Asked Questions about Ardee Industries IPO
What is the GMP of Ardee Industries IPO?
The current Grey Market Premium (GMP) of Ardee Industries IPO is ₹ 17.
What is the Kostak Price of Ardee Industries IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Ardee Industries IPO is currently not available.
What is the Subject to Sauda Price of Ardee Industries IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is currently not available.
What was the actual listing price of Ardee Industries IPO?
Ardee Industries IPO listed on August 12, 2026 at ₹72, against the issue price of ₹53 — a gain of +35.85%.
How did the GMP of Ardee Industries IPO trend before listing?
The GMP of Ardee Industries IPO was rising in its final days before listing. The GMP peaked at ₹17 on 12 August 2026. View the day-wise table above for the complete GMP history.
Explore Ardee Industries IPO Further
For a complete picture before making your investment decision, explore these resources:
