Aaradhya Disposal Industries plans IPO; aims at Rs 180 cr revenue by FY27
revenue from operations and a profit of Rs 3.72 crore during financial year ended March 2024.
To fund its strategic expansion plans and enhance operational capabilities, the company is planning to launch an initial public offering (IPO) very soon, a release said.
It has appointed Khambatta Securities Limited as the book running lead manager to the public offer.
The company manufactures high-quality paper products and offers an extensive range of paper-based solutions.
«With plans to enhance our capabilities at the current manufacturing units and expand business beyond existing markets, we are looking to raise funds through an IPO very soon and surpass the revenue mark of Rs 180 crore by FY2027,» said Sunil Maheshwari, Managing Director, Aaradhya Disposal Industries.
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