Paper products maker Aaradhya Disposal Industries will open its maiden public issue for subscription next week on August 4, making it the fourth IPO from the SME segment to hit Dalal Street in the month of August.
The public issue will remain open till August 6, and the price band for the offer has been fixed at Rs 110-116 per share. The company plans to raise Rs 45.1 crore via initial share sale of 38.88 lakh shares at the upper price band, which consists of entirely fresh issue.
The company will finalise the IPO share allotment by August 7 and trading in Aaradhya Disposal will commence on the NSE Emerge effective August 11.
Madhya Pradesh-based Aaradhya Disposal Industries makes paper products including paper cup blank and food grade papers, catering to several industries domestically and internationally through its Dewas unit which has an annual capacity of 15,000 metric tonnes.
Of the IPO proceeds, Rs 20 crore will be utilised as working capital, Rs 15.9 crore for purchase of plant and machinery and civil work, Rs 1.6 crore for repaying debt, and the remainder for general corporate purposes.
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Aaradhya Disposal recorded a net profit at Rs 10.3 crore for the year ended March 2025, growing 158 percent over the previous fiscal, with a revenue growth of 53.8 percent at Rs 113.7 crore during the same period.
Khambatta Securities is acting as the sole book running lead manager for the Aaradhya Disposal Industries IPO.
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