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Aaradhya Disposal Industries IPO
Aaradhya Disposal Industries Ltd
₹1,32,000 /1200 sharesMinimum Investment
Aaradhya Disposal Industries IPO Listing Details
| Listed On | Issue Price | Listing Price | Listing Gains |
|---|---|---|---|
| -- | ₹116.00 | ₹111.00 | -₹5.00 (4.31%) |
Aaradhya Disposal Industries IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 4 Aug ‘25 - 6 Aug ‘25 | ₹2,64,000 | 1,200 | ₹110 - ₹116 |
| Issue Size | IPO Doc |
|---|---|
| 45.10Cr | RHP PDF |
Subscription rate
As of 06 Aug'25, 05:00 PM
| Qualified Institutional Buyers | 2.51x |
| Non-Institutional Investor | 1.36x |
| Retail Individual Investor | 1.45x |
| Total | 1.39x |
About Aaradhya Disposal Industries
Founded in
2014
Managing director
Mr. Sunil Maheshwari
Parent organisation
Aaradhya Disposal Industries Ltd
Strengths & Financials of Aaradhya Disposal Industries
Strengths
Risks
Aaradhya Disposal Industries claims to manufacture biodegradable paper products ranging from 30 GSM to 500 GSM using a single machine. This reportedly helps reduce the dependency on multiple production lines and enhances cost efficiency.
The company claims to operate customised machinery developed through its in-house research and development (R&D) team. This setup is designed to enable a specialised coating process at optimised temperatures of between 200°C and 300°C, which the company states allows for seamless bonding of coatings to paper surfaces.
The company operates its manufacturing units in Dewas, which it highlights as a central logistics hub with access to major rail and road networks. It claims this location offers lower transportation costs, faster delivery timelines, and access to raw materials like soybean-based inputs.
Aaradhya Disposal Industries claims to have an in-house design team led by a designer trained at NABA University, Milan. It also claims to have advanced ultraviolet (UV) and foiling embossing equipment.
The company offers paper products coated with polylactic acid (PLA) and barrier coatings, both of which are claimed to be biodegradable and made from plant-based or food-grade materials. These products are positioned as alternatives to plastic-coated paper.
Aaradhya Disposal Industries is ISO 9001:2015 certified for its quality management systems, ISO 14001:2015 certified for its environmental management systems, ISO 45001:2018 certified for its occupational health and safety systems, and ISO 22000:2018 certified for its food safety systems. The company is also ISO GMP certified.
The company has reported a consistent increase in profit after tax (PAT). It increased from Rs 2.14 crore in FY23 to Rs 3.98 crore in FY24 and Rs 10.27 crore in FY25.
Cost of raw materials consumed accounted for Rs 97.80 crore (86.02 percent) of the company’s revenue from operations in FY25, Rs 62.19 crore (84.11 percent) in FY24, and Rs 79.98 crore (95.05 percent) in FY23. An increase in the cost of raw materials or a shortfall in their availability could negatively affect the company’s profitability and operations.
The company reported negative cash flow from investing activities amounting to Rs 5.76 crore in FY24 and Rs 11.37 crore in FY23. Additionally, negative cash flow from financing activities amounted to Rs 5.91 crore in FY25. If cash outflows continue to exceed inflows, the company may face liquidity challenges in the future.
The top five customers accounted for Rs 47.29 crore (41.60 percent) of the company’s revenue in FY25, Rs 31.80 crore (43.00 percent) in FY24, and Rs 27.42 crore (32.59 percent) in FY23. Any failure to retain these key customers, expand the customer base, or a loss of business from these clients could adversely affect the company’s business, financial condition, and cash flows.
A significant portion of the company’s revenue is derived from Madhya Pradesh. It accounted for Rs 69.86 crore (61.45 percent) of the company’s revenue in FY25, Rs 51.96 crore (70.29 percent) in FY24, and Rs 41.51 crore (49.33 percent) in FY23. Any adverse political, social, or economic developments in this region could negatively impact the company’s financial condition and results of operations.
The top five suppliers accounted for Rs 86.68 crore (87.81 percent) of the company’s total purchases in FY25, Rs 54.91 crore (90.55 percent) in FY24, and Rs 66.26 crore (86.25 percent) in FY23. Furthermore, the top supplier (Food Pack Industries Private Limited) alone accounted for Rs 51.12 crore (51.78 percent) of the company’s total purchases in FY25, Rs 21.50 crore (35.46 percent) in FY24, and Rs 20.37 crore (26.51 percent) in FY23. Any disruption in supplies from one or more of these suppliers could adversely affect the company’s business and finances.
The company’s manufacturing facility and registered office are concentrated in Madhya Pradesh. Any disruption in this region could adversely affect the company’s results of operations and financial condition.
The company, its subsidiaries, promoters, directors, and key managerial personnel are involved in certain ongoing legal proceedings, including criminal and tax-related cases. Any adverse judgments in any of these cases could be detrimental to the company’s business prospects.
As of FY25, the company had outstanding trade receivables of Rs 22.83 crore, representing 40.36 percent of the company’s current assets. This is a sharp increase from Rs 15.51 crore (36.72 percent) in FY24 and Rs 16.08 crore (42.81 percent) in FY23. Any failure to collect these receivables on time or at all can negatively impact the business and its financial condition.
As of FY25, the company had outstanding financial indebtedness of Rs 39.66 crore. Any failure to service or repay these loans can harm the company’s operations and financial position.
Aaradhya Disposal Industries Financials
*All values are in Rs. Cr
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Application Details of Aaradhya Disposal Industries IPO
| Apply as | Price band | Apply Range |
|---|---|---|
| Regular | ₹110 - 116 | ₹2 - 5 Lakh |
| High Networth Individual | ₹110 - 116 | ₹2 - 5 Lakh |
For Aaradhya Disposal Industries IPO, eligible investors can apply as Regular.