Aaradhya Disposal Industries Limited is launching its IPO worth ₹45.10 crore through a complete fresh issue of 38.88 lakh equity shares. The IPO will open for subscription on August 4, 2025, and will close on August 6, 2025. The allotment of shares is likely to be finalised on August 7, 2025.
The company is expected to list its shares on the NSE SME platform, with a tentative listing date set for August 11, 2025. The price band for the IPO is fixed between ₹110 and ₹116 per share. Retail investors need to apply for a minimum of 1,200 shares, which amounts to an investment of ₹2,64,000.
For High Net-Worth Individuals (HNIs), the minimum application size is three lots or 3,600 shares, requiring an investment of ₹4,17,600. Khambatta Securities Limited is serving as the book-running lead manager, while Bigshare Services Pvt Ltd is acting as the registrar.
Prabhat Financial Services Ltd. is the designated market maker for the IPO. For complete details, refer to the Red Herring Prospectus (RHP) of Aaradhya Disposal Industries IPO.
Industry Outlook
- The Indian paper industry has a domestic market size of ₹800 billion and contributes nearly ₹50 billion to the exchequer. It is projected to grow at a 6–7% annual rate, with paper consumption expected to reach 30 million tonnes by FY 2026–27.
- Packaging grade paper, including kraft and duplex paper, makes up around 70% of total production, driven by the growing shift from plastic to sustainable paper alternatives in food service and retail sectors.
- Food service packaging is expanding with demand for PE, PLA, and barrier-coated paper cups, supported by rising consumption of hot and cold beverages and stricter environmental norms.
Aaradhya Disposal Industries IPO Objectives
The company plans to allocate the net proceeds from the issuance to the following purposes:
- The company plans to use the funds to meet its day-to-day working capital needs.
- A portion of the proceeds will be used for expanding operations through purchase of new plant, machinery, and civil work.
- Some funds will be used to repay or prepay existing borrowings and improve the company’s financial position.
- The remaining funds from the issue will be allocated towards general corporate purposes, helping the company strengthen its operational and financial position.
About Aaradhya Disposal Industries Limited
Aaradhya Disposal Industries Limited, established in January 2014, is a Madhya Pradesh-based company engaged in manufacturing and exporting eco-friendly paper products. It specialises in producing paper cup blanks and food-grade coated papers that serve various industries, including retail packaging, foodservice, and commercial printing.
The product range includes PE (Polyethylene) coated, PLA (Polylactic Acid) coated, and barrier-coated paper cup blanks, along with greaseproof papers, OGR (Oil and Grease Resistant) papers, wet strength papers, vegetable parchment paper, and TDL (Titanium Dioxide) poster paper.
The company operates from a manufacturing unit located in Dewas, near Indore, spread across 52,151 square feet. As of March 31, 2025, the facility has a total installed capacity of 15,000 metric tonnes per annum. The plant is equipped with advanced machinery that supports bulk production and ensures consistent quality output.
Aaradhya Disposal Industries Limited focuses on providing customised paper-based solutions to meet the unique needs of both domestic and international clients. Its presence in central India allows for efficient logistics, while its export footprint spans across Asia and the Middle East.
With over a decade of experience and a dedicated team of 33 permanent employees as of June 30, 2025, the company continues to grow by aligning innovation with environmental responsibility. Its commitment to quality, sustainability, and timely delivery positions it as a reliable partner in the paper products industry.
How To Check the Allotment Status of Aaradhya Disposal Industries IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
How To Apply for the Aaradhya Disposal Industries IPO Online?
- Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
- Locate the IPO Section: Navigate to the 'IPO' section on the platform.
- Select IPO: Find and select the Aaradhya Disposal Industries IPO from the list of open IPOs.
- Enter the Lot Size: Specify the number of lots you want to bid for.
- Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
- Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.
Contact Details of Aaradhya Disposal Industries IPO
Registered office: Plot E-1, Industrial Area No.- 1, A.B. Road, Dewas-455001, Madhya Pradesh, India
Phone: +91-7880132743
E-mail: cs@aaradhyadisposalindustriesltd.in
Aaradhya Disposal Industries IPO Reservation
|
Investor Category |
Shares Offered |
|
Market Maker Shares |
1,94,400 (5.00%) |
|
QIB Shares |
1,84,800 (4.75%) |
|
NII (HNI) Shares |
17,54,400 (45.12%) |
|
Retail Shares |
17,54,400 (45.12%) |
|
Total Shares |
38,88,000 (100.00%) |
Aaradhya Disposal Industries IPO Lot Size
|
Application |
Lots |
Shares |
Amount |
|
Individual investors (Retail) (Min) |
2 |
2,400 |
₹2,64,400 |
|
Individual investors (Retail) (Max) |
2 |
2,400 |
₹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 IPO Promoter Holding
The promoters of the company include Mr. Sunil Maheshwari, Mr. Anil Maheshwari and Mrs. Shashi Maheshwari.
|
Share Holding Pre-Issue |
97.36% |
|
Share Holding Post Issue  |
70.58% |
Note: Equity dilution will be determined by subtracting the Shareholding Post Issue from the Shareholding Pre Issue.
Key Performance Indicators for Aaradhya Disposal Industries IPO
|
KPI |
Value |
|
Debt/Equity  |
1.35 |
|
ROE (%) |
44.53 |
|
RoCE (%) |
25.15 |
|
RoNW (%) |
34.87 |
|
PAT Margin (%) |
9.04 |
|
EBITDA Margin (%) |
15.69 |
Aaradhya Disposal Industries IPO Prospectus
Aaradhya Disposal Industries IPO Registrar and Lead Managers
Aaradhya Disposal Industries IPO Lead Managers
- Khambatta Securities Limited
Registrar for Aaradhya Disposal Industries IPO
Bigshare Services Private Limited
- Contact Number: +91-22-6263 8200
- Email Address: ipo@bigshareonline.com
Aaradhya Disposal Industries IPO Registrar
Financial Performance of Aaradhya Disposal Industries Limited
| Particulars | Year ending on March 31, 2025 | Year ending on March 31, 2024 |
|---|---|---|
| Revenue from Operation (in ₹ lakh) | 11,369.15 | 7,393.48 |
| Profit After Tax (in ₹ lakh) | 1,027.39 | 398.59 |
| Earnings per share (in ₹) | 10.14 | 3.99 |
| Net Worth (in lakh) | 2,946.59 | 1,668.10 |
| Return on Equity (%) | 44.53 | 27.14 |
| Return on capital employed (RoCE) (%) | 25.15 | 12.57 |
| EBITDA (in ₹ lakh) | 1,784.20 | 727.55 |
Know before investing
Strengths
8Operates with 15,000 MT yearly capacity across 52,151 sq ft facility in Dewas.
Uses advanced Germany and China-made machinery for high-quality, efficient production.
Offers a wide product range from 30 GSM to 500 GSM on a single machine.
Strategic location in central India ensures smooth logistics and lower transportation costs.
In-house designing team adds creative edge with UV and foiling embossing features.
Produces biodegradable PLA and barrier-coated paper using natural, food-grade materials.
Exports to 10 countries, mainly in the Gulf, with focus on expansion.
Direct sales model improves pricing, customer service, and profit margins effectively.
Risks
8Involved in legal proceedings that may impact business, finances, and reputation adversely.
Around 85% raw materials sourced from five suppliers, posing high supply risk.
Fire incident on May 5, 2023, caused fatalities and legal consequences.
Exports contribute major revenue; global changes can impact margins and cash flows.
Heavy dependence on top 10 customers increases risk of sudden revenue loss.
Business mainly in Madhya Pradesh and Gujarat, raising regional concentration concerns.
Negative cash flows reported from investing and financing activities in past years.
No patent protection for proprietary technology exposes the company to infringement threats.
