Aaradhya Disposal Industries Ltd is coming up with an IPO consisting of a fresh issue of 38.88 Lakh shares with a face value of Rs. 10 per share. The company aims to meet its working capital requirements, fund its expansion plans, including capital expenditure for the purchase of plant and machinery and civil works, prepay term loans to banks, and for general corporate purposes.
Aaradhya Disposal Industries Ltd IPO – Important Dates
| Aaradhya Disposal Industries Ltd IPO Date | August 4, 2025 to August 6, 2025 |
| Aaradhya Disposal Industries Ltd IPO Listing Date | August 11, 2025 |
| Aaradhya Disposal Industries Ltd IPO Price | INR 110-116 per share |
| Aaradhya Disposal Industries Ltd IPO Lot Size | 1,200 Shares |
| Aaradhya Disposal Industries Ltd IPO Total Issue Size | 38,88,000 shares |
| Aaradhya Disposal Industries Ltd IPO Basis of Allotment | August 7, 2025 |
| Aaradhya Disposal Industries Ltd IPO Initiation of Refunds | August 8, 2025 |
| Aaradhya Disposal Industries Ltd IPO Credit of Shares to Demat | August 8, 2025 |
| Aaradhya Disposal Industries Ltd IPO Issue Type | Bookbuilding IPO |
| Aaradhya Disposal Industries Ltd IPO Listing At | NSE SME |
Aaradhya Disposal Industries Ltd IPO – Company Profile
Established in 2014, Aaradhya Disposal Industries Limited manufactures eco-friendly paper-based products for domestic and international markets. Its offerings include paper cup blanks (PE, PLA, barrier-coated) and food-grade papers like greaseproof, OGR, vegetable parchment, and TDL poster paper, serving industries such as food packaging, retail, and printing.
Aaradhya Disposal operates two manufacturing units in Dewas, Madhya Pradesh, with a total built-up area of approximately 55,151 sq. ft. and an annual capacity of 12,000–15,000 metric tonnes. The company focuses on quality, customization, and sustainable production to meet varied customer needs.
With a strong presence in India and exports to Asia and the Middle East, Aaradhya Disposal benefits from its strategic central India location, ensuring efficient logistics and timely deliveries. Its growing distribution network supports consistent service and customer satisfaction across key markets.

Aaradhya Disposal Industries Ltd IPO Fundamental Analysis
Aaradhya Disposal Industries Limited’s financial analysis reveals a growing performance. Revenue has increased, along with an increase in profitability. There is an increase in EPS and RoNW along with asset growth and rising equity, indicating potential operational efficiency.
- Revenue Trend: The revenue has significantly increased from ₹7,393.48 lakhs in March 2024 to ₹11,369.15 lakhs in March 2025.
- Equity and Liabilities: Equities have shown a consistent increase over the periods, reflecting potential growth and expansion. However, the debt-equity ratio has decreased, indicating a decline in reliance on debt financing.
- Profitability: The profit after tax (PAT) has significantly increased from ₹398.59 lakhs in March 2024 to ₹1,027.39 lakhs in March 2025.
- Earnings per Share (EPS): The basic EPS has increased from ₹3.99 in March 2024 to ₹10.14 in March 2025, reflecting higher earnings per share for investors.
- Return on Net Worth (RoNW): The RoNW has increased from 23.89% to 34.87%, indicating an increase in the company’s ability to generate returns on shareholder equity.
6. Financial Position: Total assets have increased, suggesting potential business growth. Also, the current ratio has increased, indicating strengthening liquidity in meeting short-term obligations.
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Aaradhya Disposal Industries Ltd IPO Financial Analysis
| Particular | As of 31 March 2023 | As of 31 March 2024 | As of 31 March 2025 |
| Revenue From Operations (₹ in lakhs) | 8,414.63 | 7,393.48 | 11,369.15 |
| Total Income (₹ in lakhs) | 8,651.05 | 7,591.26 | 11,595.63 |
| EBITDA | 340.70 | 727.55 | 1,784.20 |
| EBITDA Margin (%) | 4.05 | 9.84 | 15.69 |
| Profit/(Loss) for the Year (₹ in lakhs) | 214.48 | 398.59 | 1,027.39 |
| Earnings per Share (EPS) | 2.15 | 3.99 | 10.14 |
| Return on Net Worth (%) | 16.89 | 23.89 | 34.87 |
| Return on Capital Employed (%) | 8.24 | 12.57 | 25.15 |
| Debt-Equity Ratio | 3.13 | 2.71 | 1.35 |
| Current Ratio | 1.13 | 1.07 | 1.38 |
Aaradhya Disposal Industries Ltd IPO Peer Comparison
There are no listed companies in India operating in a business similar to that of Aaradhya Disposal Industries Ltd Therefore, an industry comparison for Aaradhya Disposal Industries Ltd is not feasible.
Aaradhya Disposal Industries Ltd IPO Objective
The main objective of Aaradhya Disposal Industries Ltd is to utilise the Net Proceeds from the Issue to meet the Company’s working capital requirements, fund its expansion plans including capital expenditure for the purchase of plant and machinery and civil works, prepay term loans to banks, and for general corporate purposes.
- To meet the working capital requirements of the Company: The Company plans to utilize ₹2,000.00 lakhs from the Net Proceeds towards working capital requirements in Fiscal 2026. Any additional requirement will be met through existing or future working capital facilities and internal accruals..
- To fund the expansion plan of the Company, i.e., Capital expenditure towards purchase of Plant and Machinery and Civil Work: To support their expansion plan, they intend to invest ₹1,585.76 lakhs from the Net Proceeds in capital expenditure for the purchase and installation of plant and machinery, along with related civil work, to enhance capacity and meet current and future business needs.
- Prepayment of term loans to banks: The Company plans to utilize ₹160.13 lakhs from the Net Proceeds to prepay its outstanding fund-based borrowings. The Company has availed various term loans and working capital facilities from banks, financial institutions, and other lenders.
- General Corporate Purposes: The Company proposes to deploy the balance proceeds towards general corporate purposes as approved by its management from time to time, subject to such utilisation not exceeding 15% of the gross proceeds or ₹ 1,000.00 lakhs, whichever is lower, in compliance with the SEBI ICDR Regulations.
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Aaradhya Disposal Industries Ltd IPO Risks And Challenges
Aaradhya Disposal Limited’s risk includes negative cash flows, geographic concentration risk, raw material risk, and existing legal proceedings against the company’s key managerial persons.
- The Company, along with its Promoters, Directors, Group Entities, and Key Managerial Personnel, is involved in certain legal proceedings. Any unfavorable ruling could significantly impact the business operations and financial performance.
- The Company has reported negative cash flows from investing and financing activities in certain periods. Persistent negative cash flow may hinder their growth and overall business sustainability.
- Their business operations are primarily concentrated in Madhya Pradesh and Gujarat. As a result, any regional disruptions or adverse developments in these states could significantly affect their performance.
- Rising costs or limited availability of key raw materials, like paper cup board, craft paper, coatings, ink, and food-grade chemicals, may impact their operations and financials, particularly if cost increases can’t be passed to customers.
Aaradhya Disposal Industries Ltd IPO – Industry & Market Potential
India’s paper pulp consumption reached 23.039 million metric tonnes in FY 2024, with paper cup stock comprising 1.6% (309 thousand tonnes), according to the Indian Paper Manufacturers Association. Driven by rising demand for eco-friendly disposable cups, the segment is projected to grow at 10.5% annually, with strong prospects in domestic and global markets.
Disposable paper cups in India emerged to meet the need for hygienic, convenient tableware in informal food settings like tea stalls and cafés. Their adoption surged due to state bans on single-use plastics and increased hygiene awareness during the COVID-19 pandemic. These factors have made paper cups a staple in India’s food and beverage sector.
India’s diverse food culture and growing café, event, and hospitality sectors are driving strong demand for disposable paper cups. Rising sustainability awareness has led to innovations like biodegradable coatings and compostable materials, positioning paper cup stocks as both functional and eco-friendly, with significant growth potential.
Aaradhya Disposal Industries Ltd IPO – Type of Offer
Aaradhya Disposal Industries Limited plans a fresh issue of 38,88,000 shares, with a face value of Rs. 10 per share, to meet the Company’s working capital requirements, fund its expansion plans, including capital expenditure for the purchase of plant and machinery and civil works, prepay term loans to banks, and for general corporate purposes.
- Fresh Issue: The company will issue 38,88,000 shares to raise capital. The company intends to utilise the proceeds from the fresh issue to increase its spending on business developments of the company and to fund its working capital requirements, ensuring development and growth.
Aaradhya Disposal Industries Ltd IPO Offer Size
The offer size of Aaradhya Disposal Industries consists of a fresh issue of 38,88,000 equity shares, with a face value of Rs. 10 per share. The company aims to meet its working capital needs, support expansion through capital expenditure on plant, machinery, and civil works, prepay bank term loans, and address general corporate purposes.
Aaradhya Disposal Industries Ltd IPO Allotment Structure
Aaradhya Disposal Industries Ltd allocation will be as follows: 50% for Qualified Institutional Buyers (QIB), 15% for Non-Institutional Investors (NII), and 35% for Retail Individual Investors (RII) according to SEBI regulations.
● Qualified Institutional Buyers (QIB): As per SEBI regulations, 50% of the shares offered through the IPO will be reserved for Qualified Institutional Buyers. These include entities such as banks, mutual funds, and insurance companies.
● Non-Institutional Investors (NII): 15% of the shares will be reserved for Non-Institutional Investors. These typically include corporate bodies or individuals investing more than Rs. 2 lakhs.
● Retail Individual Investors (RII): The remaining 35% of the shares will be allotted to Retail Individual Investors. These individual investors apply for shares with a total value of less than Rs. 2 lakhs.
How to apply for the Aaradhya Disposal Industries Ltd IPO?
To apply for the Aaradhya Disposal Industries Limited IPO through Alice Blue, follow these steps:
Open a Demat and Trading Account: If you don’t have one already, you must open a Demat and trading account with Alice Blue.
- Check for IPO Details: Once your account is active, you can check for the Aaradhya Disposal Industries Limited IPO details in the IPO section of the Alice Blue platform.
- Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
- Submit the Application: Confirm all your details and submit your application.
You can apply for the Aaradhya Disposal Industries Limited IPO at Alice Blue in just a few clicks!
Check Allotment Status: After the allotment process, you can check the allotment status to see if you have received any shares.
Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.
How do you check Aaradhya Disposal Industries Ltd IPO Allotment Status?
Checking the allotment status of an IPO in Alice Blue is usually straightforward. Please follow these general steps:
- Log in to your Alice Blue Account: You can do this through the Alice Blue website or the trading app.
- Navigate to the Portfolio or IPO Section: This might differ based on the layout of Alice Blue’s platform, but generally, you can find the status of your IPO application under the ‘Portfolio’ or ‘IPO’ section.
- Find the IPO Allotment Status: Look for a sub-section called ‘IPO Allotment Status’ or something similar. This is where you can see the status of the IPOs you have applied for.
- Select the Aaradhya Disposal Industries IPO: If you have applied for multiple IPOs, there might be a dropdown menu or a list where you can select the IPO you are interested in. Select the Aaradhya Disposal Industries Limited IPO.
- Check the Status: The status of your application should be displayed here. If the shares have been allocated to you, it would be mentioned here.
If you face any issues, we request you to reach out to our customer support team at Alice Blue for detailed assistance.
Apart from Alice Blue, there are other ways to check the allotment status of the Aaradhya Disposal Industries Limited IPO:
● Registrar’s Website: Visit the website of Bigshare Services Private Limited, the registrar of the Aaradhya Disposal Industries Limited IPO. On the homepage, look for the ‘IPO Allotment Status’ option. You must enter your PAN, application, or Demat account number to check your allotment status. Click on the ‘Submit’ button to view your IPO allotment status.
● BSE NSE: You can also check the allotment status on the official websites of the Bombay Stock Exchange (BSE) National Stock Exchange (NSE). You would need your application number and PAN to check the status.
Please note that the allotment status will only be available after completing the allotment process, a few days after the IPO window closes.
Aaradhya Disposal Industries Ltd IPO Offer Registrar
The registrar for the Aaradhya Disposal Industries Limited IPO is Bigshare Services Private Limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.
Contact information for the registrar:
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Pinnacle Business Park, Mahakali Caves
Road, next to Ahura Centre, Andheri East, Mumbai–
400093, Maharashtra, India.
Tel.: 022-62638200
Email: [email protected]
Website: www.bigshareonline.com
Aaradhya Disposal Industries Ltd IPO – FAQs
- What is the allotment date of the Aaradhya Disposal Industries Ltd IPO?
The allotment date of the Aaradhya Disposal Industries IPO is August 7, 2025.
- What is the price band of the Aaradhya Disposal Industries Ltd IPO?
The price band of the Aaradhya Disposal Industries IPO is ₹110 to ₹116 per share.
- What is the size of the Aaradhya Disposal Industries Ltd IPO?
The offer size of Aaradhya Disposal Industries consists of a fresh issue of 38,88,000 equity shares, with a face value of Rs. 10 per share. The company aims to meet its working capital needs, support expansion through capital expenditure on plant, machinery, and civil works, prepay bank term loans, and address general corporate purposes.
- What is the listing date of the Aaradhya Disposal Industries Ltd IPO?
The listing date of the Aaradhya Disposal Industries IPO is August 11, 2025.
- Where is the Aaradhya Disposal Industries Ltd IPO Getting Listed?
The Aaradhya Disposal Industries IPO is getting listed on the National Stock Exchange (NSE).
- What Are The Open And Close Dates Of The Aaradhya Disposal Industries Ltd IPO?
The open and close dates of the Aaradhya Disposal Industries Limited IPO are August 4, 2025, and August 6, 2025, respectively.
- How To Apply For Aaradhya Disposal Industries Ltd IPO in Alice Blue?
To apply for the Aaradhya Disposal Industries Limited IPO through Alice Blue, open a Demat and trading account, check IPO details, place your bid within the price band, submit the application, and check allotment status. Allotment depends on demand, and shares are not guaranteed.
- Who is The Book Runner For The Aaradhya Disposal Industries Ltd IPO?
The book runner for the Aaradhya Disposal Industries IPO is Khambatta Securities Limited.
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Disclaimer: The above article is written for educational purposes and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.