Ardee Engineering IPO

Ardee Engineering Ltd. received SEBI approval for its Initial Public Offer (IPO) on August 22, 2025. With this approval (valid for 12 months) the company can now move ahead with the remaining steps to launch the IPO, depending on market conditions and other required clearances.

This will be a book-built IPO, and the company plans to list its shares on both the NSE and BSE.

IIFL Capital Services Ltd. will act as the book-running lead manager, while Bigshare Services Pvt. Ltd. will be the registrar.

Ardee Engineering IPO Objectives 

1. It will allocate ₹2,796.3 million to establish two new manufacturing units at Seetharampur, Telangana.
2. It will use ₹448.43 million to build an integrated manufacturing facility in Parawada, Andhra Pradesh.
3. It will use ₹650 million to prepay or repay certain outstanding borrowings of the company.

About Ardee Engineering

Ardee Engineering is one of the fastest-growing integrated design, engineering and manufacturing companies in India, based on revenue growth between FY22 and FY24. The company provides end-to-end customised solutions across three key areas: pre-engineered buildings (PEB), material handling systems (MHS) and engineering services. 

Established in 2008 and incorporated in 2020, Ardee has completed projects across 13 states and built strong in-house expertise with a team of 175 engineers. The company is known for delivering high-quality, safety-focused and complex engineering work within tight timelines. 

Industry Outlook

1. The Material Handling System market in India is projected to grow at a 10% CAGR until CY29, driven by industrialisation, e-commerce expansion and infrastructure upgrades. This rising demand will directly support higher order inflows for the company’s handling and automation solutions.
2. The Material Processing System market is expected to grow at 8% CAGR, while the prefab construction market is set to grow at 11% CAGR due to strong momentum in mining, cement, steel, and infrastructure projects. This creates a larger opportunity pipeline for the company’s processing equipment, fabricated structures, and engineered systems.
3. The Heavy Structural & Precision Engineering market is anticipated to grow at 9% CAGR through CY29 after a strong recovery in recent years. This strengthens demand for the company's manufacturing, precision fabrication, and turnkey engineering capabilities. 

How to Apply for the Ardee Engineering IPO Online?

1. Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
2. Locate the IPO Section: Navigate to the 'IPO' section on the platform.
3. Select IPO: Find and select the Ardee Engineering IPO from the list of open IPOs.
4. Enter the Lot Size: Specify the number of lots you want to bid for.
5. Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
6. Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.

How to Check the Allotment Status of Ardee Engineering IPO?

Steps to check IPO allotment status on Angel One’s app:

1. Log in to the Angel One app.
2. Go to the IPO Section and then to IPO Orders.
3. Select the individual IPO that you had applied for and check the allotment status.
4. Angel One will notify you of your IPO allotment status via push notification and email.

Contact Details of Ardee Engineering IPO

Registered Office: Ardee Engineering Ltd., 8-2-334/K/1, Flat Nos. 101, 102 and 103 Aditya Court, Road No.5, Banjara Hills, Hyderabad, Telangana, India, 500034 
Phone: +914023543451 
Email: compliance@ardee.co.in

Ardee Engineering IPO Reservation

Ardee Engineering IPO Lot Size Details

To be announced.

Ardee Engineering IPO Promoter Holding 

The company’s promoters are Chandra Sekhar Moturu, Ragdeep Moturu, Arundeep Moturu and Krishna Kumari Moturu. 

Note: Equity dilution will be determined by subtracting the Shareholding Post Issue from the Shareholding Pre Issue. 

Key Performance Indicators for Ardee Engineering IPO 

Ardee Engineering IPO Prospectus

• Ardee Engineering IPO RHP

Ardee Engineering IPO Registrar and Lead Managers

Ardee Engineering IPO Lead Managers

• IIFL Capital Services Ltd. 

Registrar for Ardee Engineering IPO 

Bigshare Services Pvt.Ltd. 

Phone: +91-22-6263 8200

Email: ipo@bigshareonline.com 

Financial Performance of Ardee Engineering

Ardee Engineering Peer Comparison

Strengths and Opportunities for Ardee Engineering IPO

1. It has a diversified order book worth ₹8,929.55 million that indicates future revenue visibility.
2. It has a balanced client mix with 74% private orders and 26% government exposure.
3. 3 business verticals offer stability: PEB, MHS, engineering services growth.
4. It has 16+ years experience of delivering complex, customised engineering projects nationwide.
5. It has a strong team of promoters with 175 engineers supporting design and engineering.
6. It owns 5 integrated manufacturing units with 44,144 MTPA capacity, which provides advantage of scale.
7. Robust repeat business, with 61% revenue from existing clients enhancing stability.
8. High-growth presence in fast-expanding PEB and material handling systems markets. 

Risks and Threats for Ardee Engineering IPO

1. High customer concentration: top 5 clients contribute over 60% revenue.
2. Heavy dependence on PEB vertical, contributing 40–72% of revenues.
3. No long-term supplier contracts; top 10 suppliers form 50% costs.
4. Raw material price and delivery risks may disrupt operations.
5. Significant working capital needs may strain liquidity and financing.
6. Operations concentrated in two states, exposing business to regional risks.
7. Lease-linked land for new facilities risks forfeiture if conditions fail.
8. Trademark issues with “Ardee” may weaken brand protection and competitiveness.