Arunaya Organics set to debut on NSE SME platform today. Check GMP and other details

Arunaya Organics, a specialty dyes and intermediates manufacturer, is set to debut on the NSE SME platform on May 7, following a successful IPO that garnered 2.45 times subscription. Ahead of the listing, the GMP is muted at Rs 0.

IPO Details and Subscription

The IPO, which opened on April 29 and closed on May 2, 2025, comprised a fresh issue of 52.6 lakh shares aggregating Rs 30.51 crore and an offer-for-sale (OFS) of 6 lakh shares worth Rs 3.48 crore by promoter Shivali Agrawal, totaling Rs 34 crore.


Priced between Rs 55 and Rs 58 per share, the issue received strong interest from retail investors, whose portion was subscribed 4.33 times. Non-institutional investors subscribed 1.88 times, while qualified institutional buyers (QIBs) subscribed 1.01 times.

Company Overview

Established in 2010, Arunaya Organics specializes in manufacturing and exporting specialty dyes and intermediates, catering to industries such as textiles, paints, plastics, mining, and food processing.

The company offers a diverse product range, including acid, basic, direct, reactive, and solvent dyes, as well as dye intermediates. Its production facility, located at GIDC Estate, Naroda, Ahmedabad, Gujarat, has an annual capacity of approximately 30 metric tons.

A significant portion of Arunaya's manufacturing is outsourced to its group company, Chinmay Chemicals, enhancing operational flexibility and cost-effectiveness

Financial Performance

For the fiscal year ending March 2024, Arunaya Organics reported a revenue of Rs 62.79 crore and a profit after tax (PAT) of Rs 4.06 crore.

Utilization of IPO Proceeds

The company plans to utilize Rs 11.78 crore from the fresh issue proceeds to establish a new manufacturing facility at Dahej, Bharuch, Gujarat. Additionally, Rs 9 crore will be allocated for working capital requirements, with the remaining funds earmarked for general corporate purposes.

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