Ardee Engineering Ltd. IPO Details
Ardee Engineering was incorporated on July 20, 2020. The company is the fastest-growing integrated design, engineering, and manufacturing firm by revenue CAGR (FY22-24) among peers (Source: CARE Report). It offers end-to-end solutions across geographies and industries, focusing on pre-engineered buildings (PEB), material handling systems (MHS), and engineering services
| Bidding Dates |
|---|
| To Be Announced |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| - | - | - | - | 0 | - | - | ₹5,800.0 M | DRHP DOC |
Ardee Engineering issue details
Ardee Engineering IPO issue size is ₹ 5,800.0 M
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 10% | 15% | 75% |
Ardee Engineering IMPORTANT IPO DATES
| Issue Open Date | - |
| Issue close Date | - |
| Allotment Date | - |
| Refund Date | - |
| Demat Account Credit Date | - |
| Listing Date | - |
| Listing on Exchange(s) | NSE and BSE |
Ardee Engineering NUMBER OF SHARES ON OFFER
Ardee Engineering FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| H1FY25 | 156.0 | 2,882.8 | 138.3 | 67.8 | 12.1% |
| FY24 | 291.1 | 6,209.9 | -463.7 | -944.4 | 9.7% |
| FY23 | 109.1 | 3,312.5 | 89.5 | -54.5 | 7.5% |
| FY22 | 12.9 | 2,168.6 | -246.4 | -355.5 | 4.2% |
Ardee Engineering INFORMATION ON IPO ISSUE
About Ardee Engineering
Ardee Engineering was incorporated on July 20, 2020. The company is the fastest-growing integrated design, engineering, and manufacturing firm by revenue CAGR (FY22-24) among peers (Source: CARE Report). It offers end-to-end solutions across geographies and industries, focusing on pre-engineered buildings (PEB), material handling systems (MHS), and engineering services
Object of the Issue
- Funding the capital expenditure requirements of the company towards setting up two new manufacturing facilities at Seetharampur, Telangana
- Funding the capital expenditure requirements of the company towards setting up a new integrated manufacturing facility at Parawada, Andhra Pradesh
- Prepayment or re-payment, in full or in part, of certain outstanding borrowings availed by the company
- General corporate purposes
Ardee Engineering - PROMOTERS
| Name |
|---|
| Chandra Sekhar Moturu |
| Ragdeep Moturu |
| Arundeep Moturu |
| Krishna Kumari Moturu |
Ardee Engineering Book Running Lead Manager
IIFL Capital Services Limited
ardee.ipo@iiflcap.com
JM Financial Limited
ardee.ipo@jmfl.com
Ardee Engineering Registrar to the Offer
Bigshare Services Private Limited
ipo@bigshareonline.com
Ardee Engineering Strengths
Diversified customer base
The company serves both private and government sector clients, having completed projects across 13 states over the past 16 years. It has established long-term relationships with key customers, including AM/NS, JK Cement, Navayuga Engineering, Udaipur Cement Works, and Maharatna PSUs
Backward integration & in-house design
The company operates five vertically integrated manufacturing units in Andhra Pradesh and Telangana, supported by an in-house design and engineering team. These facilities enable end-to-end product development, from design to manufacturing, with a total installed capacity of 44,144 MTPA as of FY24
Diversified order book
As of December 31, 2024, the company's order book stood at Rs 8,929.55 million, reflecting the unexecuted value of assigned contracts. Over recent years, including the six months ended September 30, 2024, and FY24, FY23, & FY22, the order book has expanded and diversified
Ardee Engineering Risks
Depend on third-party vendors
The company depends on steel and other raw materials from third-party suppliers, with its top 10 suppliers accounting for over 50% of total supply costs. The loss of key suppliers or delays in deliveries could negatively impact operations, financial condition, and cash flow
Capital intensive
The company has high working capital needs, and insufficient cash flow or lack of suitable financing could negatively impact its business, financial condition, and operations
Uncertain risks
The company's projects face various risks and uncertainties, and any inadequacy in its risk management or project selection framework could negatively impact its business, operations, and financial condition
IPO FAQs
The promoters of the company are Chandra Sekhar Moturu, Ragdeep Moturu, Arundeep Moturu and Krishna Kumari Moturu.
The category allocation of qualified institutional buyers is 75.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 10.0%.