Ardee Industries IPO
Lead-Acid Battery Recycling (Non-Ferrous Metal) - Listed on 12 August 2026
Ardee Industries IPO listing summary
Ardee Industries (Lead-Acid Battery Recycling (Non-Ferrous Metal)) closed its IPO window in 2026 and listed on NSE and BSE on 12 August 2026 at an upper band issue price of Rs 53, opening at Rs 72 for a listing gain of +35.9% and closing day one at Rs 67.12 (+26.6% on closing basis). The IPO was subscribed 133.66x overall - QIB 197.77x, HNI/NII 255.24x, Retail 45.71x. The total issue size was Rs 425.87 Cr (Fresh Issue Rs 320 Cr, OFS Rs 105.87 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
Listing day performance
Subscription breakdown
Final (Day 3) subscription
Number of times each investor category subscribed by close of Day 3.
Day-wise overall subscription
How overall subscription built up across the three-day issue window.
Ardee Industries IPO GMP history
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | Rs 15 | +28.30% |
| Day 2 | Rs 15 | +28.30% |
| Day 3 | Rs 12 | +22.60% |
| Day 4 | Rs 15 | +28.30% |
| Day 5 | Rs 15 | +28.30% |
GMP Prediction vs IPOGyani AI Prediction
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
Prediction Accuracy: 8.9 pp (Reasonably accurate)
Issue & financials
Market context at listing
How the broader market moved around the Ardee Industries IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
Ardee Industries IPO - FAQs
What was the listing gain of Ardee Industries IPO?
Ardee Industries IPO listed at +35.9% versus the upper issue price of Rs 53 on 12 August 2026.
How many times was Ardee Industries IPO subscribed?
Ardee Industries IPO was subscribed 133.66x overall. QIB portion was subscribed 197.77x, HNI / NII 255.24x and Retail 45.71x.
What was the IPO GMP for Ardee Industries?
IPO GMP started at Rs 15 on Day 1 and moved to Rs 15 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.