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02 Aug, 2025
Aaradhya Disposal Industries Limited IPO
Aaradhya Disposal Industries Limited IPO of ₹45.10 crores has 38.88 lakh fresh equity shares priced at ₹110 to ₹116 per share. Aaradhya Disposal Industries Limited IPO will be available for subscription by 4th August, 2025 and the issue will be closed by 6th August, 2025. The IPO is expected to be listed on NSE SME by 11th August, 2025 with its allotment expected to be finalised by 7th August, 2025. A retail investor can apply for 2,400 shares totaling up to ₹2,64,000.
Company Background
Headquartered in Dewas, Madhya Pradesh, the company was established in the year 2013. Aaradhya Disposal thrives on its sustainable approach as well as biodegradable and coated paper products. With a vision to establish itself as a one-stop solution in order to provide packaging materials for all industries, the company works efficiently towards achieving the same with a team of more than 250 employees.
Operations & Product Range
Facility and Services
The company operates two manufacturing facilities with a combined capacity of 15000 metric tons in Madhya Pradesh, equipped with high-tech ultra-modern machinery that helps it produce about 1.5 crore paper cups per month and approximately 80 metric tons of paper blanks. The firm provides a one-stop solution with its in-house laboratory maintaining control over product quality and manufacturing.
Brand and Market Presence
Aaradhya Disposal Industries Limited offers a wide variety of products such as polyethylene, polylactic acid & barrier coated paper cup blanks, greaseproof, oil resistant & grease resistant food grade papers, bowls, ripple paper and PE coated rolls. It caters to a well-established client base consisting of companies like Whirlpool, Patanjali, Amul, Reliance and many more. The company has a firm regional hold and a growing international presence.
Revenue Channels
The primary revenue is generated through the manufacturing and sales of biodegradable and coated paper cup blanks (PE, PLA and barrier coated). The company also gains revenue through exports in the Gulf region and the United Kingdom. Aaradhya Disposal registered a revenue of ₹115.96 crore in FY25, recording a growth from ₹75.91 crore registered in FY24.
Management & Shareholding
Promoters and Shareholders
The company promoters are -
- Mr. Sunil Maheshwari
- Mr. Anil Maheshwari
- Mrs. Shashi Maheshwari
Board Members
The board group of Aaradhya Disposal Industries Limited includes members like -
- Sunil Maheshwari (Managing Director)
- Anil Maheshwari (Director & Chief Financial Officer)
- Shashi Maheshwari (Executive Director)
- Narender Tulsidas Kabra (Independent Director)
- Surabhi Modi (Company Secretary and Compliance Officer)
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Aaradhya Disposal Industries Limited IPO
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Aaradhya Disposal Industries Limited IPO Details
| Detail | Description |
|---|---|
| IPO Date | August 4, 2025 to August 6, 2025 |
| Listing Date | - |
| Face Value | ₹10 per share |
| Issue Price Band | ₹110 to ₹116 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 38,88,000 shares (aggregating up to ₹45.10 Cr) |
| Reserved for Market Maker | 1,94,400 shares (aggregating up to ₹2.26 Cr) Prabhat Financial Services Ltd. |
| Net Offered to Public | 36,93,600 shares (aggregating up to ₹42.85 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,02,50,000 shares |
| Share Holding Post Issue | 1,41,38,000 shares |
Aaradhya Disposal Industries Limited IPO Timeline
| Detail | Description |
|---|---|
| IPO Open Date | Mon, Aug 4, 2025 |
| IPO Close Date | Wed, Aug 6, 2025 |
| Tentative Allotment | Thu, Aug 7, 2025 |
| Initiation of Refunds | Fri, Aug 8, 2025 |
| Credit of Shares to Demat | Fri, Aug 8, 2025 |
| Tentative Listing Date | Mon, Aug 11, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 6, 2025 |
Aaradhya Disposal Industries Limited IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 2,400.00 | ₹2,78,400 |
| Individual investors (Retail) (Max) | 2 | 2,400.00 | ₹2,78,400 |
| S-HNI (Min) | 3 | 3,600 | ₹4,17,600 |
| S-HNI (Max) | 7 | 8,400 | ₹9,74,400 |
| B-HNI (Min) | 8 | 9,600 | ₹11,13,600 |
Aaradhya Disposal Industries Limited IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| Share Holding Pre Issue | 97.36% |
| Share Holding Post Issue | 70.58% |
Competitive Strength:
- 1. Aaradhya Disposal Industries Limited operates with highly efficient advanced technology and machinery utilised for product manufacturing.
- 2. The company’s manufacturing units are located in a strategic position, allowing easy access to raw materials, cost-effective solutions and efficient logistics.
- 3. It also has a firm in-house solution for quality assurance of products through their laboratory and R&D team, which helps in offering sustainable solutions according to market trends.
- 4. Aaradhya Disposal works on a direct sales mode, which helps in eliminating any intermediaries and provides reliable delivery of products, serving multiple industries in domestic as well as international regions.
Aaradhya Disposal Industries Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Total Borrowing | |||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2025 | 83.08 | 115.96 | 10.27 | 29.47 | 39.66 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2024 | 71.21 | 75.91 | 4 | 17 | 45.2 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 62.54 | 86.51 | 2.14 | 12.7 | 39.75 | |||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 44.53% |
| ROCE | 25.15% |
| Debt/Equity | 1.35 |
| RoNW | 34.87% |
| PAT Margin | 9.04% |
| EBITDA Margin | 15.69% |
| Price to Book Value | 3.99 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 10.02 | 7.27 |
| P/E (x) | 11.57 | 15.96 |
Objectives of Aaradhya Disposal Industries Limited IPO
Approximately Rs 15.86 crore from the IPO proceedings will be used for funding the purchase of new plant, civil work and machinery. Some part of the proceeds will be used for repayment of debt availed by the company. Rs 20 crore will be used for funding the working capital needs and the remaining shall be utilised to cover expenses made for general corporate functioning.
Conclusion
The Aaradhya Disposal Industries Limited IPO is an opportunity for investors to take part in a rapidly growing manufacturer of biodegradable and coated paper products. The company has a wide and firmly established client base, including various popular brand names such as Reliance, Patanjali, Whirlpool and Amul. Their state-of-the-art manufacturing units of 15000 metric tons help the company reduce costs and enhance quality through in-house solutions. The upcoming IPO will further help in elaborating on its expansion and market presence.
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Frequently asked Questions (FAQs )
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1. When will the Aaradhya Disposal Industries Limited IPO go public?
Aaradhya Disposal Industries Limited IPO will be available for subscription by 4th August, 2025 and the issue will be closed by 6th August, 2025.
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2. What is the minimum investment amount for a retail investor?
A retail investor can apply for 2,400 shares totaling up to ₹2,64,000.
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3. What is the total issue size of the Aaradhya Disposal Industries Limited IPO?
Aaradhya Disposal Industries Limited IPO of ₹45.10 crores has 38.88 lakh fresh equity shares priced at ₹110 to ₹116 per share.
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4. How will the proceeds raised from the Aaradhya Disposal Industries Limited IPO be utilized?
The IPO proceedings will be used for the purchase of new plant, civil work and machinery; repayment of debt availed by the company; funding the working capital needs and general corporate functioning.
