Aaradhya Disposal Industries was incorporated on January 16, 2014. The company manufactures paper-based products for various domestic and international industries. Its offerings include paper cup blanks (PE, PLA, and barrier coated) and a wide range of food-grade papers such as greaseproof, OGR, and vegetable parchment paper
| Bidding Dates |
|---|
| 04 Aug 2025 - 06 Aug 2025 |
| Subscription |
|---|
| 1.4x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹2,64,000 | 2 | 2 | 1200 | 3.9 M | ₹110 - ₹116 | 70.58 % | ₹427.7 M - ₹451.0 M | RHP DOC |
Aaradhya Disposal Industries IPO SUBSCRIPTION STATUS
06 Aug '25Aaradhya Disposal Industries IPO overall subscription rate was 1.4 times the total available shares
Aaradhya Disposal Industries IPO retail subscription rate was 1.89 times in the retail segment
Aaradhya Disposal Industries IPO non-institutional investor subscription rate was 4.1 times in the non-institutional investor category
Aaradhya Disposal Industries IPO Qualified Institutional Bidder subscription rate was 0.24 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
06 Aug 2025 (Day 3) | 1.89x | 4.1x | 0.24x |
05 Aug 2025 (Day 2) | 1.04x | 2.98x | 0.24x |
04 Aug 2025 (Day 1) | 0.44x | 0.77x | 0.11x |
Aaradhya Disposal Industries FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY25 | 113.7 | 10.3 | 5.5 | 5.5 | 15.7% |
| FY24 | 73.9 | 4.0 | 2.5 | -3.3 | 9.8% |
| FY23 | 84.1 | 2.1 | 1.2 | -10.2 | 4.1% |
Aaradhya Disposal Industries IPO SUBSCRIPTION STATUS DETAILS
Aaradhya Disposal Industries had 3.9 M shares on offer
Aaradhya Disposal Industries IPO offer price was in the range ₹110 - ₹116
Aaradhya Disposal Industries IPO minimum Investment was ₹264000
Aaradhya Disposal Industries IPO issue size was ₹ 427.7 M - ₹ 451.0 M
Aaradhya Disposal Industries had a minimum lot size of 1200 Shares per application
Aaradhya Disposal Industries NUMBER OF SHARES ON OFFER
Aaradhya Disposal Industries IPO IMPORTANT DATES
| Issue Open Date | 04 Aug 2025 |
| Issue close Date | 06 Aug 2025 |
| Allotment Date | 07 Aug 2025 |
| Refund Date | 08 Aug 2025 |
| Demat Account Credit Date | 08 Aug 2025 |
| Listing Date | 11 Aug 2025 |
| Listing on Exchange(s) | NSE |
| Aaradhya Disposal Industries Allotment Status | Exchange/ Registrar |
Aaradhya Disposal Industries IPO subscription opened on 04 Aug 2025, and closed on 06 Aug 2025
IPO allotment for Aaradhya Disposal Industries was finalized on Thursday, 07 Aug 2025
IPO listing for Aaradhya Disposal Industries was on NSE on Monday, 11 Aug 2025
Aaradhya Disposal Industries IPO LISTING GAINS
| Issue Price (adjusted) | 116.0 |
| Listing Open Price | 111.0 |
| Listing Close Price | 116.5 |
| Listing Gain% | -4.3% |
| Current Gain% | -37.9% |
Aaradhya Disposal Industries Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Aaradhya Disposal Industries Ltd. | 72 | 101.8 | 16.8 | -0.4 | 0.7 | 7.8 | 4.4 | 153.1 | 32 | 6.1 | -40.9 | 4.3 | -40.9 |
| Aditya Birla Real Estate Ltd. | 1382.8 | 15445.3 | -149.6 | -4.2 | 37.9 | -2.8 | -0.5 | 459.2 | -63.5 | -103.2 | 36 | -9.2 | 36 |
| JK Paper Ltd. | 387 | 7017.9 | 21.6 | -2.8 | 1 | 4.8 | 2.5 | 7136.1 | 4.5 | 265.8 | -35.1 | 17.9 | -7.7 |
| West Coast Paper Mills Ltd. | 599.1 | 3957 | 26.3 | -0.5 | 0.9 | 4.2 | 2.8 | 4393.2 | 2.8 | 150.6 | -51.6 | 22.8 | -51.6 |
| KS Smart Technologies Ltd. | 106.4 | 1745.7 | -5409.3 | 81.8 | 859.1 | -0.1 | -0.1 | 2.1 | -0.3 | -66 | 0 | -66.1 | |
| Seshasayee Paper & Boards Ltd. | 229.2 | 1445.6 | 14.6 | 1.1 | 0.8 | 4 | 3.3 | 1759.2 | -3.5 | 82.5 | -24.4 | 15.7 | 13 |
Aaradhya Disposal Industries INFORMATION ON IPO ISSUE
About Aaradhya Disposal Industries
Aaradhya Disposal Industries was incorporated on January 16, 2014. The company manufactures paper-based products for various domestic and international industries. Its offerings include paper cup blanks (PE, PLA, and barrier coated) and a wide range of food-grade papers such as greaseproof, OGR, and vegetable parchment paper
Object of the Issue
- To meet the working capital requirements of the company
- To fund the expansion plan of the company i.e. capital expenditure towards purchase of plant and machinery and civil work
- Prepayment of term loans to banks
- General corporate purpose
Aaradhya Disposal Industries - PROMOTERS
| Name |
|---|
| Sunil Maheshwari |
| Anil Maheshwari |
| Shashi Maheshwari |
Aaradhya Disposal Industries - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Sunil Maheshwari | Managing Director |
| Anil Maheshwari | Director |
| Shashi Maheshwari | Director |
| Narender Tulsidas Kabra | Independent Director |
| Dharmendra Pawar | Independent Director |
| Siddharth Shankar Mahajan | Independent Director |
Aaradhya Disposal Industries Book Running Lead Manager
Khambatta Securities Limited
ipo@khambattasecurities.com
Aaradhya Disposal Industries Registrar to the issue
Bigshare Services Private Limited
ipo@bigshareonline.com
Aaradhya Disposal Industries Strengths
Location advantage
The company’s manufacturing units are located in Dewas, Madhya Pradesh—a central hub in India with strong road and rail connectivity. This location ensures easy access to raw materials, particularly soybean used in paper products, and reduces logistics and transportation costs
In-house design
The company benefits from an in-house design team. The team enhances the aesthetic appeal of products through innovative design and advanced embossing techniques like UV and foiling embossing. This helps differentiate its offerings and adds a premium touch to its paper products
Diverse product portfolio
The company offers a broad range of paper-based products including cup blanks, food-grade papers, and custom paper solutions. This variety allows the company to serve different industries such as foodservice, retail, and packaging, meeting customer needs with tailored products
Aaradhya Disposal Industries Risks
Geographic concentration
The company’s operations are heavily concentrated in Madhya Pradesh and Gujarat, contributing over 80% of revenue in recent years. This reliance exposes the business to regional risks such as policy changes, infrastructure pressure, and manufacturing slowdowns
Supplier dependence
The company does not have long-term agreements with its key suppliers for raw material procurement, leaving it vulnerable to supply disruptions, price fluctuations, or unfavorable supply terms. A sudden loss of key suppliers or customers could significantly impact production schedules and financial stability
Raw material volatility
The company relies heavily on raw materials like paper cup board, craft paper, coatings, and food-grade chemicals, which account for over 84% of revenue in recent years. A rise in raw material costs or shortage in availability—due to external economic or supply-side factors—could severely impact margins and production
IPO FAQs
The promoters of the company are Sunil Maheshwari, Anil Maheshwari and Shashi Maheshwari.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 110.0 - 116.0.
The IPO application opens on Aug 04, 2025 and closes on Aug 06, 2025.
The minimum lot size for the IPO is 2400. The maximum lot size for the IPO is 2400.
For all category investors, the minimum application amount for this IPO is Rs. 264,000.0, the maximum value for this IPO is Rs 278,400.0.
This IPO will be allotted on Aug 07, 2025.
The refund will be credited to your account on Aug 08, 2025.
The allotted shares will be credited to your demat on Aug 08, 2025.
Aaradhya Disposal Industries Ltd.’s shares listed on the stock exchanges on Aug 11, 2025.