• Financial and operational performance: The company reported a 58% three-year growth rate, ending last year with ₹1,167 crore in revenue, ₹147 crore in EBITDA, and ₹84.5 crore in PAT, while scaling capacity to 1,56,000 tons.
• Expansion and diversification: Ardee Industries has acquired land in Andhra Pradesh to build a new plant within two years, with plans to expand into new sales geographies and diversify into recycling copper, tin, and plastics.
• Domestic scrap sourcing: To mitigate global shipping disruptions and freight costs, the company is ramping up domestic scrap procurement, supported by tightened Battery Waste Management and EPR regulations.
• Demand drivers and EV transition: Management stated that EVs continue to require lead-acid auxiliary batteries for auxiliary power functions, while additional growth is driven by solar power and data center UPS backup systems.
• IPO proceeds allocation: From the ₹320 crore fresh issue, ₹220 crore is allocated toward incremental working capital, ₹20 crore for debt repayment, and ₹80 crore for general corporate purposes and capacity expansion.