Ardee Engineering Ltd IPO:

DRHP Details, Issue Size, Financials & Chanakya Review

Ardee Engineering Ltd. has filed its Draft Red Herring Prospectus (DRHP) with SEBI on April 1, 2025, paving the way for its upcoming Initial Public Offering (IPO).

The issue will be a Book-Build IPO, with equity shares proposed to be listed on both NSE and BSE. IIFL Capital Services Ltd. is acting as the Book Running Lead Manager, while Bigshare Services Pvt. Ltd. will serve as the Registrar to the issue.

Key details such as the IPO opening and closing dates, price band, and lot size are yet to be finalized and will be updated as soon as they are announced.

Company: Ardee Engineering Ltd

DRHP filed on: 1 April 2025

Offer Type: Fresh Capital

Promoters: Chandra Sekhar Moturu, Ragdeep Moturu, Arundeep Moturu and Krishna Kumari Moturu are the company promoters.

About the company
Incorporated in 2020, Ardee Engineering Limited is an integrated design, engineering, and manufacturing company specialising in Pre-Engineered Buildings (PEB), Material Handling Systems (MHS), and Engineering Services.

The company operates five manufacturing units in Andhra Pradesh and Telangana. As of December 31, 2024, the company had 678 permanent employees and 246 contract employees.

As of December 31, 2024, the company’s order book stood at Rs 8,929.55 million.

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

Financial Snapshot ( last 2 years)

Period EndedRevenue (Rs. Cr)PAT (Rs. Cr)
Sept-25 (6M)289.4115.60
Mar-24622.8429.11

Chanakya’s View:
50% of the net issue is being offered to RIIs and balance 50% to the NIIs. There is no offer for QIBs.

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