Ardee Engineering Limited IPO Details

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.

Business Segments:

• Pre-Engineered Buildings (PEB): The company provides design, engineering, manufacturing, and project management for the installation and erection of PEB structures. ARDEE ENGINEERING LIMITED has executed projects for JK Cement Limited, RVR Projects Limited, Blue Ocean Biotech Private Limited, SRR Projects Private Limited, and e-commerce and infrastructure companies. As of December 31, 2024, the company has completed over 100 PEB projects, including warehouses, fulfilment centers, data centres, logistics infrastructure, manufacturing units, airports, schools, and commercial buildings.
• Material Handling Systems (MHS): The company designs, engineers, and constructs customized material handling and processing systems to address bulk material handling challenges in manufacturing. Projects include work for RVR Projects Private Limited and Arcelor Mittal Nippon Steel India Limited.
• Engineering Services: the company provides services in heavy structural and precision engineering equipment and electrical instrumentation with automation. The company has expanded into the defence and aerospace industries.

Operations & Workforce:

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.

Financials & Presence:

As of December 31, 2024, the company's order book stood at Rs 8,929.55 million. Over the past 16 years, the company has completed projects across 13 states.