IPO-bound Ardee Industries has secured approval from the London Metal Exchange (LME) for delivery of its product 'Ardee Lead 9997' against lead contracts, with the approval taking effect from December 23, 2025. According to the company statement, this reflects adherence to stringent international standards relating to product quality, consistency, traceability and responsible production practices. The New Delhi-based company filed preliminary papers with SEBI in September 2024 to launch an Initial Public Offering, marking a significant milestone in its growth trajectory.
The IPO comprises a fresh issue of equity shares worth ₹320 crore and an Offer For Sale (OFS) of 3.76 crore equity shares by promoters, according to the Draft Red Herring Prospectus. Out of the fresh issue, ₹220 crore will be earmarked for incremental working capital requirements, while ₹22 crore will go towards repaying existing debt. The remaining amount will be utilized for general corporate purposes. The IPO proposal is yet to receive SEBI clearance.
The company produces Ardee Lead 9997 at its manufacturing facilities, which have an approved annual capacity of 104,025 MTPA as of March 31, 2025. The facilities supply high-purity lead ingots that meet global delivery specifications required for international trading platforms. As of March 31, 2025, the company served more than 50 customers and exported products to customers based in seven countries including Singapore, Hong Kong, South Korea, Switzerland, United Arab Emirates, Japan and United States of America. The company's product portfolio comprises pure lead and lead alloys such as lead calcium alloys, lead antimony alloys, lead tin alloys, lead silver alloys and lead cadmium alloys, which find applications in critical industries such as energy storage, e-mobility, automotive and chemicals.
The company's 'Ardee' brand is already established on the MCX platform for domestic trading operations. The LME serves as the world's leading marketplace for industrial metals, setting global benchmark prices for non-ferrous metals like copper, aluminum, and zinc. This LME approval strategically positions Ardee Industries for wider overseas participation in the global metals market. The LME listing is expected to further accelerate sales growth by expanding the company's addressable market beyond India, allowing international customers to source its products against globally recognised benchmarks. The dual presence on MCX and LME positions Ardee Industries as an institutionally acceptable supplier in both domestic and international markets.
The LME listing of Ardee Lead 9997 aligns with Ardee Industries' long-term strategy of driving sustainable sales growth, deepening export penetration and integrating more closely into global supply chains. The entry into the LME will further establish Ardee's credibility and competitiveness in the international markets and provide global price benchmarking of its products. This international recognition is expected to enhance the company's market visibility while the upcoming IPO provides capital for expansion and working capital requirements.
