Aradhya Disposal Industries Ltd company is a Dewas-based manufacturer of eco-friendly and sustainable paper products, is set to enter the small and medium enterprises (SME) IPO market with fresh equity shares.
The Aaradhya Disposal Industries IPO will open on August 4, 2025, and close on August 6, 2025. it main aim to raise around ₹45.10 crore. The public issue will see the issuance of 38.88 lakh fresh shares and there is no offer-for-sale (OFS).
Aaradhya Disposal IPO Details
The IPO is available in a price band of ₹110 to ₹116 per share with a face value of ₹10. The issue is a fully book-built issue and will be listed on the NSE SME platform. The total market lot consists of 1,200 shares, making the minimum investment amount for retail investors ₹2,78,400.
The allocation across investor categories is structured as follows:
- Retail Investors (RII): 45%
- Non-Institutional Investors (NII): 45%
- Qualified Institutional Buyers (QIB): 5%
- Market Maker: 5%
The market maker for this IPO is Hem Finlease Private Limited.
Aaradhya Disposal IPO Lot Size
The minimum application size is 1 lot (1,200 shares). Retail and HNI investors can bid in multiples of 1 lot, and each lot is worth ₹1,32,000 at the lower price band (₹110) and ₹1,39,200 at the upper price band (₹116).
| Application Lots | Shares | Amount at ₹116 |
|---|---|---|
| 1 | 1,200 | ₹1,39,200 |
| 2 | 2,400 | ₹2,78,400 |
| 3 | 3,600 | ₹4,17,600 |
Aaradhya Disposal IPO Promoter Holding
The company’s promoters include Mr. Sunil Maheshwari, Mr. Anil Maheshwari, and Mrs. Shashi Maheshwari. Before the IPO, the promoters collectively hold 99.99% of the company’s equity. Post-issue, their shareholding will reduce to approximately 72.99%, reflecting equity dilution from the fresh capital raise.
Aaradhya Disposal Industries Ltd Company Overview
Incorporated in 2014, Aaradhya Disposal Industries Ltd. is engaged in the manufacturing of high-quality and eco-friendly paper products, including PE-coated and PLA-coated paper, biodegradable food-grade paper, greaseproof paper, TDL poster paper, and more. The company caters to both domestic and international clients, including markets in the Middle East and Asia.
Aaradhya has two manufacturing units located in Dewas, Madhya Pradesh, with a total capacity of 12,000–15,000 MT per annum. The units occupy around 52,151 to 55,151 square feet and are equipped with modern production and R&D facilities.
Use of IPO Proceeds
The net proceeds from the IPO are intended for:
- Working Capital: ₹20 crore
- Capital Expenditure (Plant & Machinery): ₹15.86 crore
- Loan Repayment: ₹1.60 crore
- General Corporate Purposes
Financial Performance
The financials of Aaradhya Disposal Industries have shown impressive growth over the past year:
| Financial Year | Revenue (₹ Cr) | PAT (₹ Cr) | EBITDA (₹ Cr) | Net Worth (₹ Cr) |
|---|---|---|---|---|
| FY 2023–24 | ₹75.91 | ₹3.99 | – | – |
| FY 2024–25 | ₹115.96 | ₹10.27 | ₹17.84 | ₹29.47 |
- PAT Margin: 9.04%
- ROE: 44.53%
- ROCE: 25.15%
- Debt/Equity: ~1.35
Aaradhya Disposal Industries IPO GMP (Grey Market Premium)
As of July 29, 2025, there is no active Grey Market Premium (GMP) reported. This may change as the subscription window approaches, but it suggests that speculative interest is currently muted.
Aaradhya Disposal Industries IPO Timeline
| Event | Date |
|---|---|
| IPO Open Date | August 4, 2025 |
| IPO Close Date | August 6, 2025 |
| Basis of Allotment | August 7, 2025 |
| Refund Initiation | August 8, 2025 |
| Credit of Shares to Demat | August 8, 2025 |
| Listing Date | August 11, 2025 |
Aaradhya Disposal Industries Ltd. Contact Details and Registrar
Company Contact:
Aaradhya Disposal Industries Ltd.
Plot No. 94 to 97, Industrial Area No. 1,
A. B. Road, Dewas – 455001, Madhya Pradesh
Phone: +91-7272-251100
Email: info@aaradhyadisposal.com
Website: www.aaradhyadisposal.com
Registrar to the Issue:
Bigshare Services Pvt Ltd
Office No. S6-2, 6th Floor Pinnacle Business Park,
Next to Ahura Centre, Mahakali Caves Road,
Andheri (East), Mumbai – 400093
Phone: +91-22-6263-8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Expert View
Aaradhya Disposal IPO shows strong financial growth, high promoter holding, and clear expansion plans, making it attractive for long-term investors. However, investors should be cautious due to SME market risks and the current lack of grey market premium.
Conclusion
Aradhya Disposal Industries Limited’s IPO offers investors an opportunity to participate in a growing, environmentally-conscious business. With strong financial performance, high promoter stake and a clear capital investment strategy, this IPO appears well-positioned for long-term value creation. However, like any SME investment, due diligence and risk assessment are essential, especially given the modest GMP and current market volatility.
Investors seeking exposure to the sustainable packaging and biodegradable materials sector may find this IPO worth considering.
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