IPO Details

About Company

Ardee Industries Ltd., incorporated in 1995, is a prominent player in the manufacturing sector, primarily focusing on the production of high-quality plastic products for various industries, including packaging, automotive, and consumer goods. The company is part of the Ardee Group, which has a diversified portfolio across multiple sectors. With state-of-the-art manufacturing facilities located in Gujarat, Ardee Industries boasts significant production capacities, enabling it to meet the growing demand for its products both domestically and internationally. The company's distribution network spans across India and extends to several international markets, ensuring a robust supply chain and customer reach. In the latest financial year, Ardee Industries reported a total income of INR 500 crore, with a net profit of INR 50 crore, reflecting a healthy EBITDA margin of 15%. The company has demonstrated strong financial metrics, including a Return on Capital Employed (ROCE) of 12% and a Return on Equity (ROE) of 10%, while maintaining a manageable Debt-Equity ratio of 0.5. The upcoming IPO aims to raise funds for expansion projects, enhancing manufacturing capacities, and reducing existing debt. Post-issue, the market capitalization is expected to reach INR 1,000 crore, with an Earnings Per Share (EPS) projected at INR 10 and a Price-to-Earnings (P/E) ratio of 15, indicating a reasonable valuation in the current market. Investor sentiment appears cautiously optimistic, driven by the company's solid fundamentals and growth prospects in a recovering economy.