Ardee Industries - IPO Report

Ardee Industries is engaged in the recycling of lead-acid batteries and non-ferrous scrap, producing 99.97%–99.985% pure refined lead and value-added lead alloys for energy storage, e-mobility, automotive, chemical and industrial applications under a circular economy model.

The company operates a CPCB-compliant manufacturing facility at Naidupet, Andhra Pradesh, strategically located near Amara Raja Energy and 150 km from Chennai Port, enabling efficient procurement, faster deliveries and exports. Its installed lead recycling capacity has expanded from 54,750 MTPA in FY24 to 1,04,025 MTPA in FY26, and further to 1,56,950 MTPA in July 2026.

Ardee ranks among the top six producers of pure lead and lead alloys in India. Its sourcing network spans 50+ countries, while exports cater to key markets including Singapore, Hong Kong, South Korea, Switzerland, UAE, Japan, the US, Vietnam and Australia.

The company has strengthened its competitive position through the LME and MCX listing of the "Ardee" brand, enabling transparent pricing and effective hedging against lead price volatility. It also plans to diversify into plastic granules, tin and copper recycling, while expanding capacity through the 5.56-acre land acquisition and proposed integration of Pilot Industries, supporting long-term growth.