• IPO issue details: Ardee Industries set a price band of ₹50 to ₹53 per share for its roughly ₹425 crore IPO, comprising a ₹320 crore fresh issue and a ₹106 crore offer for sale, implying a market capitalization of around ₹1,617 crore.
• Issue proceeds utilization: Out of the ₹320 crore fresh issue, the company has allocated ₹220 crore for incremental working capital, ₹20 crore to repay long-term debt, and ₹80 crore for general corporate purposes and expansion.
• Sourcing and sales: The company imports roughly 80% of its raw material scrap and sources 20% domestically, selling 60% of its recycled lead products within India to battery OEMs and exporting the remaining 40%.
• Capacity and diversification: Total capacity reached 156,000 tons following a 50,000-ton expansion in May, with expected output of roughly 90,000 tons this year and planned diversification into copper, tin, and plastic recycling.