The Indian IPO market is witnessing a surge of new offerings, and Aaradhya Disposal Industries Ltd. is a noteworthy addition. The company is set to launch a book-building IPO to raise ₹45.10 crores, with the subscription window running from August 4 to August 6, 2025. This fresh issue provides investors with an opportunity to participate in the growth of a company at the forefront of the eco-friendly paper packaging and disposables sector, a market that is gaining significant momentum in India.
This article offers a detailed look at the Aaradhya Disposal Industries IPO, its business model, and financial health.
About Aaradhya Disposal Industries Ltd.
Established in 2014, Aaradhya Disposal Industries Ltd. is a manufacturer and exporter of a diverse range of paper products. The company’s core business revolves around producing sustainable, paper-based solutions, including paper cup blanks (PE, PLA, and barrier-coated), and various food-grade papers like greaseproof and oil-resistant papers.
The company’s manufacturing facilities are located in Dewas, Madhya Pradesh, with an installed capacity of 15,000 metric tonnes per annum. With a strong focus on sustainability, its products cater to a wide range of industries, from retail packaging and food services to commercial printing, both in India and in international markets across Asia and the Middle East.
Aaradhya Disposal Industries Ltd. IPO Details
The Aaradhya Disposal Industries IPO is a book-building issue of 38.88 lakh fresh shares, aiming to raise ₹45.10 crores. The price band has been set at ₹110 to ₹116 per share, with a face value of ₹10 per share. The shares will be listed on the NSE SME platform.
Important IPO Timeline:
| Event | Date |
| 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 Aug 6, 2025 |
Key IPO Details
| Particulars | Details |
| 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) |
| 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 |
Lot Size of Aaradhya Disposal Industries Ltd. IPO
| Application | Lots | Shares | Amount |
| Individual investors (Retail) (Min) | 2 | 2,400 | ₹2,78,400 |
| 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 Financial Performance
The company has shown a strong financial performance, with its revenue from operations increasing by 52.8% from ₹75.91 crores in FY24 to ₹115.96 crores in FY25. During the same period, its Profit After Tax (PAT) more than doubled, growing by 157% from ₹3.99 crores to ₹10.27 crores. This significant growth highlights the company’s ability to capitalise on market demand and improve its operational efficiency.
Financial Snapshot (₹ in crores)
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 83.08 | 71 | 62.54 |
| Total Income | 115.96 | 76 | 86.51 |
| Profit After Tax | 10.27 | 4 | 2.14 |
| EBITDA | 17.84 | 7 | 3.41 |
| Net Worth | 29.47 | 17 | 12.70 |
| Reserves and Surplus | 19.22 | 12 | 7.71 |
| Total Borrowing | 39.66 | 45.2 | 39.75 |
Aaradhya Disposal Industries Ltd.: Industry Outlook
The sustainable paper packaging and disposables industry in India is experiencing robust growth, driven by key market trends:
- Growing demand for eco-friendly products: Increased consumer awareness is driving a shift from plastic to paper-based packaging.
- Favourable government policies: Government initiatives to phase out single-use plastics support the adoption of sustainable alternatives.
- Expansion of food service and e-commerce: Booming quick-service restaurants and online food delivery markets boost demand for food-grade paper products.
- Technological advancements: Innovations in coating technologies, like PLA and barrier coatings, enhance paper product durability.
- Export opportunities: Indian manufacturers are exporting sustainable paper products to global markets with high demand.
Use of IPO Proceeds
The funds raised through the Aaradhya Disposal Industries IPO will be primarily used for the following purposes:
| S.No. | Objects of the Issue | Expected Amount
(₹ in crores) |
| 1 | To meet working capital requirements | 20 |
| 2 | To finance the company’s expansion plans, including capital expenditure for plant, machinery, and civil work | 16 |
| 3 | Prepayment of term loans availed from banks | 2 |
| 4 | For general corporate purposes | – |
Aaradhya Disposal Industries Ltd. IPO Peer Comparison
Aaradhya Disposal Industries operates in the paper and packaging sector, with relevant peers including publicly listed companies like TCPL Packaging Ltd. and Manaksia Coated Metals & Industries Ltd. These companies offer a basis for comparison in terms of market presence, operational scale, and financial metrics within the broader packaging industry.
Conclusion
Aaradhya Disposal Industries IPO presents an interesting investment opportunity, particularly for those looking to invest in a company with a strong focus on sustainability and a rapidly growing market. The company’s impressive financial performance and clear plan for capacity expansion make it a compelling prospect. As with any investment, it is essential for potential investors to perform their due diligence, consider the market risks, and consult with a financial advisor before making a decision.
If you are exploring more investment opportunities, check out our dedicated page on upcoming IPO listings to stay updated on the latest market offerings.
