Aaradhya Disposal IPO: Price, GMP, Analysis, And Details

Aaradhya Disposal IPO- Company Analysis 

Aaradhya Disposal IPO under the SME IPO category is a bookbuilding of Rs. 45.10 Cr by Aaradhya Disposal Ltd, which was established in 2014, and began producing and exporting paper goods, including coated paper rolls, ripple paper, and paper cup blanks.

The business provides a wide range of paper-based solutions designed for efficiency, sustainability, and adaptability, mostly consisting of:

Food-grade papers, such as greaseproof paper, greaseproof 4K paper, greaseproof slip easy paper, wet strength greaseproof, OGR (oil and grease resistant) paper, vegetable parchment paper, and TDL (titanium dioxide) poster paper; paper cup blanks, PE coated, PLA coated, and barrier coated.

To satisfy specific client needs, the business offers tailored solutions. Its materials are dependable for their quality, performance, and sustainability, whether they are used for commercial printing, foodservice, or retail packaging.

Aaradhya Disposal IPO Details

The Aaradhya Disposal IPO date is on 04 August 2025, and its initial public offering will end on 06 Aug with IPO allotment on Aug 07, and refund initiation on Aug 08, 2025.

The Rs. 45.10 crore new SME IPO comprises a wholly fresh issue of 38.88lac shares.

The Aaradhya Disposal IPO listing date (expected) might be on Monday, Aug 11, 2025, and listing at the NSE and SME. 

The Aaradhya Disposal IPO price band is Rs. 110 to Rs. 116.

IPO Timetable (Tentative)

Events	Date
IPO Opening Date	Aug 04, 2025
IPO Closing Date	Aug 06, 2025
IPO Allotment Date	Aug 07, 2025
Refund Initiation	Aug 08, 2025
IPO Listing Date	Aug 11, 2025

 

 

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Company Financials

(Amount in Cr)

Period	31 Mar 2025	31 Mar 2024	31 Mar 2023
Total Assets	83.08	71.21	62.54
Total Revenue	115.96	75.91	86.51
PAT	10.27	3.99	2.14
EBITDA	17.84	7.28	3.41
Net Worth	29.47	16.68	12.70
Reserves & Surplus	19.22	11.69	7.71
Borrowings	39.66	45.20	39.75

 

Cash Flows

(Amount in lac)

Net Cash Flow in Multiple Activities	31 Mar 2025	31 Mar 2024	31 Mar 2023
Net Cash Flow Operating Activities	547.86	250.71	115.50
Net Cash Flow Investing Activities	4.74	(576.18)	(1,136.67)
Net Cash Flow Financing Activities	(591.17)	365.59	1,014.52

 

Revenue Bifurcation

Product-wise Revenue Breakdown

(Source: RHP)

The Objective of the Issue

The company desires to use the Net Proceeds from the Issue to fulfill its following goals:

• Working capital needs.

• To finance the company's expansion plan, which includes capital expenditures for the acquisition of plant and machinery as well as civil work

• Repayment of bank term loans.

• General corporate purposes.
  
  

Listed Peers of Aaradhya Disposal Ltd. 

No listed peer of a similar size is engaged in the same lines of business as mentioned in the RHP.

Valuation

Metric	Value
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

 

Evaluation of P/E Ratio

Considering the FY ended on 31 Mar 2025 with an EPS of Rs. 10.14 from the last year, the resulting P/E ratio is 11.43x (taking the upper price).

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IPO's Strengths 

• The company serves a variety of industries by producing a broad range of goods, including packaging solutions, automobile parts, and drone parts.

• They have more control over quality and delivery thanks to internal operations, which include stickering, product testing, logistics, and design.

• The promoter group has decades of experience in the industry, which guarantees stability and a clear vision in their activities.

• Reduces reliance on a single sector by serving a variety of sectors, including pharmaceutical, food, chemicals, lubricants, infant care, etc.

• Over the last three years, there has been a healthy increase in sales, PAT, and EBITDA along with an improvement in operational cash flows.

 

 

IPO’s Weaknesses

• The business is susceptible to order volatility or client churn since it lacks legally enforceable long-term contracts.

• If supply chain delays or cash inflows don't meet receivables, a capital-intensive nature may result in liquidity difficulty.
  
  

Aaradhya Disposal IPO GMP (Grey Market Premium)

Aaradhya Disposal IPO GMP today is Rs. 0 as of 01 Aug 2025 at the time of writing this information. Hence, the Aaradhya Disposal IPO listing price (estimated) might be Rs. 116 (upper price + current GMP or grey market premium).

Aaradhya Disposal IPO Summary

The Aaradhya Disposal Ltd. IPO has a market maker portion size of 1,94,400 Shares (Rs. 2.26 Cr).

IPO Opening & Closing Date	04 Aug, 2025 to 06 Aug, 2025
Face Value	Rs. 10 per Share
Issue Price	Rs. 110 to Rs. 116 per Share.
Lot Size	1200 Shares
Issue Size	38,88,000 Shares (Rs. 45.10 Cr)
Offer for Sale	-
Fresh Issue	38,88,000 Shares (Rs. 45.10 Cr)
Listing at	NSE, SME
Issue Type	Bookbuilding Issue
Registrar	Bigshare Services Pvt Ltd.

IPO Lot Details 

Retail investors can invest in a minimum and maximum of 2 Lots (2400 Shares) for Rs. 2,78,400 and in multiples thereof, while for S-HNI investors, the minimum Lot is 3 (3600 Shares) for Rs. 4,17,600.

Minimum Lot Investment (Retail)	2 Lots
Maximum Lot Investment (Retail)	2 Lots
S-HNI (Min)	3 Lots

 

 

IPO Reservation (% of Net Issue)

Institutional’s Portion	4.75%
Retail’s Portion	45.12%
Non-Institutional Portion	45.12%

Aaradhya Disposal IPO Allotment Status

To check the IPO Allotment Status of Aaradhya Disposal, visit the official Registrar’s website or the BSE website. Below are the website links for you.

Using Registrar’s Website- Bigshare IPO allotment status​

Using BSE Website- ​BSE IPO allotment status

Promoters And Management of Aaradhya Disposal Ltd.

• Mr. Sunil Maheshwari

• Mr. Anil Maheshwari

• Mrs. Shashi Maheshwari.

Pre-Issue Promoter Shareholding	97.36%
Post-Issue Promoter Shareholding	70.58%

 

IPO Lead Managers

•  Khambatta Securities Limited.
  
  

Dividend Policy

The company has not adopted a dividend policy.

 

 

Conclusion

Investors have the opportunity to participate in the rapidly expanding paper-based packaging industry with solid financials and sustainable solutions through the Aaradhya Disposal IPO.  The company is appealing due to its cheap P/E value and good margins. Risks exist, though, because of things like reliance on suppliers and the absence of long-term agreements.

Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO. 

You must consult your financial advisor before making any financial decisions. 

To Apply for the IPO, Click Here.

To Read the Prospectus of the Company Click Here to Download the DRHP.

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DISCLAIMER: This blog is NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions.