Aaradhya Disposal IPO is a book-built issue aiming to raise ₹45.10 crore through a fresh issue of 38.88 lakh equity shares. The IPO bidding window was open from August 4 to August 6, 2025, with allotment finalised on August 7, 2025. The shares are scheduled to list on NSE SME on August 11, 2025. The IPO was priced in the range of ₹110–₹116 per share, with a minimum lot size of 2,400 shares.
Retail investors were required to invest at least ₹2,78,400, while HNIs had to apply for a minimum of three lots (3,600 shares) amounting to ₹4,17,600. The public issue received bids for 52,26,000 shares against 36,93,600 on offer, resulting in an overall subscription of 1.41 times. QIBs led the demand with 2.51 times subscription, followed by retail investors at 1.46 times and NIIs at 1.25 times.
Aaradhya Disposal's ₹45.10 crore IPO, priced between ₹110–₹116 per share, was subscribed 1.41 times overall. It consisted entirely of a fresh issue of 38.88 lakh shares. The bidding took place from August 4 to August 6, 2025, with allotment finalised on August 7, 2025. Listing is expected on NSE SME on August 11, 2025. Retail investors subscribed 1.46 times and NIIs 1.25 times.
The table below breaks down the Aaradhya Disposal share allocation for different categories, highlighting the number of shares and their percentage of the total issue. However, the key focus remains on the quotas allocated to retail investors and HNIs, as they are the most relevant for individual investors.
| Investor Category | Shares Offered |
| Market Maker Shares Offered | 1,94,400 (5.00%) |
| QIB Shares Offered | 1,84,800 (4.75%) |
| NII (HNI) Shares Offered | 17,54,400 (45.12%) |
| − bNII > ₹10L | 11,68,800 (30.06%) |
| − sNII < ₹10L | 5,85,600 (15.06%) |
| Retail Shares Offered | 17,54,400 (45.12%) |
| Total Shares Offered | 38,88,000 (100.00%) |
Data Source: NSE
| Category | Subscription (times) |
| Qualified Institutional Buyers | 2.51 |
| Non-Institutional Investors | 1.25 |
| Retail Individual Investors | 1.46 |
| Total shares | 1.41 |
Note: The subscription details are as of August 6, 2025
Aaradhya Disposal Industries Ltd. was incorporated in January 2014 and is involved in manufacturing and exporting paper-based products. The company's product portfolio includes paper cup blanks, PE coated and PLA coated paper, and a wide variety of food-grade papers. These include greaseproof paper, wet strength greaseproof, OGR paper, vegetable parchment paper, and titanium dioxide poster paper.
The company is known for offering tailored paper solutions suitable for foodservice, retail packaging, and commercial printing. Its commitment to sustainability and product performance has helped it establish a presence in both domestic and international markets, especially in Asia and the Middle East.
Aaradhya Disposal operates a single manufacturing unit located in Dewas, Madhya Pradesh, spread over 52,151 sq. ft. with an installed capacity of 15,000 metric tonnes per annum as of March 31, 2025. The company's strategic central location supports efficient logistics and nationwide distribution.
As of June 30, 2025, Aaradhya Disposal employed 33 permanent staff. Its operations are supported by a focused management team and an established client base. The promoters of the company, Mr. Sunil Maheshwari, Mr. Anil Maheshwari, and Mrs. Shashi Maheshwari, collectively held 97.36% of pre-IPO shares, which will reduce to 70.58% post-issue.
Know more about IPO allotment status and check your application details online for the latest updates on share allocation.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Aug 6, 2025, 7:46 PM IST
Akshay Shivalkar
Akshay Shivalkar is a financial content specialist who strategises and creates SEO-optimised content on the stock market, mutual funds, and other investment products. With experience in fintech and mutual funds, he simplifies complex financial concepts to help investors make informed decisions through his writing.
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