Aaradhya Disposal Industries files DRHP for IPO with NSE Emerge
Aaradhya Disposal Industries, a manufacturer and exporter of high-quality paper products, announced filing of its Draft Red Herring Prospectus (DRHP) with NSE Emerge. The company’s initial public offering comprises a fresh issuance of 36,96,000 equity shares, each with a face value of Rs 10.
Khambatta Securities is the sole book running lead manager to the Issue, and Bigshare Services Private is the registrar.
According to DRHP, the company intends to utilise Rs 20 crore of the total IPO proceeds to fund working capital requirement including margin money, Rs 16.56 crore to fund expansion of the company, that includes capital expenditure towards purchase of plant and machinery and civil work, Rs 1.78 crore for prepayment of term loans to banks. The company will use the remaining funds for general corporate purposes.
The Dewas-headquartered specialises in the manufacturing of high-quality paper products that cater to a wide range of industries, both domestic and international. With over a decade of expertise, the company offers an extensive range of paper-based solutions that are engineered for performance, sustainability, and versatility.
It manufactures PE coated, PLA coated and Barrier coated paper cup blanks and food grade papers including Greaseproof paper, greaseproof 4K paper, greaseproof slip easy paper, wet strength greaseproof, Oil and grease resistant (OGR) paper, vegetable parchment paper and Titanium Di-oxide (TDL) poster paper.
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