Aaradhya Disposal Industries IPO: Check GMP, price band, issue size and other details

The initial public offering (IPO) of Aaradhya Disposal will open for public subscription on Monday with the company looking to raise Rs 45.10 crore through a completely fresh issue of 38.88 lakh equity shares. The IPO opened without any premium in the grey market (GMP Rs 0), indicating a cautious stance by retail investors and punters on Day 1.

The issue is priced in a band of Rs 110–116 per share, and retail investors are required to apply for a minimum of 2,400 shares (2 lots).

Khambatta Securities is acting as the book-running lead manager, while Bigshare Services is the registrar. Prabhat Financial Services is the designated market maker for the NSE SME listing.


The company has reserved 45.12% of the offer for retail individual investors, an equal portion for HNIs, and 4.75% for QIBs. The issue will close on August 6, and allotment is expected on August 7, with listing tentatively scheduled for August 11 on NSE SME.

Founded in 2014 and based in Dewas, Madhya Pradesh, Aaradhya Disposal Industries manufactures and exports a wide range of food-grade and coated paper products, including paper cup blanks, PE/PLA coated paper rolls, greaseproof paper, vegetable parchment paper, and more.

The company operates a single facility with two plants and an annual production capacity of 15,000 metric tonnes as of FY25.

In FY25, revenue rose 53% to Rs 115.96 crore, while net profit more than doubled by 158% to Rs 10.27 crore.

The proceeds from the IPO will be utilised for working capital requirements (₹20 crore), capital expenditure towards plant expansion (Rs 15.86 crore), loan repayments, and general corporate purposes.

While the grey market has remained cold so far, investors with a long-term view could find the company’s profitability metrics and expansion plans worth watching.