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Arunaya Organics IPO
Price Band
₹55.0–58.0
Issue Size
₹33.99 Cr
Lot Size
2,000 shares
Min Investment
₹116,000
GMP
—
Issue Price
₹58.0
Arunaya Organics IPO AI Summary
- Arunaya Organics IPO is listed on NSE SME.
- Price band: ₹55.0–₹58.0 per share, lot size 2,000 shares (min. investment ₹116,000).
- Subscription window: 29 Apr–02 May 2025, listing on 07 May 2025.
Arunaya Organics Limited is an SME engaged in the specialty dyes market with a diverse product range and a focus on quality. The IPO aims to raise funds for expansion and working capital, with a competitive P/E ratio compared to peers.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Arunaya Organics IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 02 May 2025 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Arunaya Organics IPO Grey Market Premium (GMP) Today
GMP not available yet
Grey Market Premium is updated daily. Check back closer to the listing date.
About the Company
Incorporated in 2010, Arunaya Organics Limited is engaged in the manufacturing and exporting of specialty dyes and intermediates. The company has garnered a strong reputation for delivering high-quality chemical products across various industries, including textiles, paints, plastics, mining, and food processing. The company's products are available in multiple forms, such as standardized spray-dried and tray-dried powders, granules, crude, reverse osmosis-treated products and salt free. The company has a production facility located at C-8, GIDC Estate, Naroda, Ahmedabad-382330, Gujarat, India, with an annual capacity of approximately 30 metric tons. Products: Acid Dyes: Used on protein fibers like wool and nylon; applied in acid solution for strong bonding. Basic Dyes: Water-soluble dyes for acrylic fibers; used in coloring paper, jute, soaps, and detergents. Direct Dyes (Substantive Dyes): Applied in neutral/alkaline bath; suitable for cotton, paper, and cellulosic fibers; also pH indicators. Solvent Dyes: Dissolve in organic solvents; used for coloring craft paper and in cosmetics for vivid effects. Dye Intermediates: Chemical precursors for dyes; determine final color, stability, and performance in dye manufacturing process. As of July 2024, the company had 36 employees. Competitive Strengths: Experienced and dedicated promoter and professional management team with extensive domain knowledge. Wide product portfolio R&D capability Quality Assurance
Company Financials (₹ Cr)
As of 2024-12-31
| Period Ended | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 60.74 | 45.04 | 38.62 | 34.36 |
| Total Income | 58.21 | 62.79 | 76.37 | 62.26 |
| Profit After Tax | 3.60 | 4.06 | 1.73 | 1.33 |
| NET Worth | 16.78 | 11.18 | 7.19 | 4.72 |
| Reserves and Surplus | 4.50 | 10.34 | 6.35 | 3.99 |
| Total Borrowing | 13.81 | 13.30 | 13.17 | 9.90 |
Key Ratios
EPS
₹3.30
NAV
₹10.88
ROE
44.15%
ROCE
55.71%
RoNW
36.27%
P/B Value
5.29
P/E Ratio
17.55
Market Cap
₹101.72 Cr
PAT Margin
6.52%
Debt/Equity
1.19
Peer Comparison
| Company | RoNW | P/E (x) | EPS Basic | EPS Diluted | NAV |
|---|---|---|---|---|---|
| Ducol Organics And Colours Limited | 7.06% | 34.96 | 3.05 | 3.05 | — |
| Mahickra Chemicals Limited | 3.22% | 81.43 | 1.32 | 1.32 | 41.03 |
| Vipul Organics Ltd | 5.73% | 72.94 | 2.57 | 2.57 | 44.75 |
| Arunaya Organics Limited This IPO | 36.27% | — | 3.95 | 3.95 | 10.88 |
Promoters
Vinod Agrawal and Shivali Agrawal
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Setting up of a new manufacturing facility located at D-3/26/3, Dahej III, Industrial Estate, Dahej-392 130, Vagra, Bharuch, Gujarat (Proposed Greenfield Project) 11.79 2 Funding working capital requirements of the Company 9.00 3 General Corporate Purposes 6.73 4 Issue Expenses 2.99 Total 30.51
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹76.37 Cr in the year ended 31 Mar 2023, declining to ₹62.79 Cr by 31 Mar 2024, and further decreasing to ₹58.21 Cr by 31 Dec 2024, though this is a 9-month figure, not a full year, so isn't directly comparable.
Profit Trend
Profit after tax was ₹1.73 Cr in the year ended 31 Mar 2023, increasing to ₹4.06 Cr by 31 Mar 2024, before dropping to ₹3.60 Cr by 31 Dec 2024, though this is a 9-month figure, not a full year, so isn't directly comparable.
Valuation
Arunaya Organics has a P/E Ratio of 17.55 at the issue price, while peers are trading at P/E ratios ranging from 34.96 to 81.43.
Grey Market Premium, Explained
The grey market refers to the unofficial trading of shares before they are listed on the stock exchange. It gives an indication of the expected demand and pricing of the shares once they are officially listed.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their overall investment strategy and risk tolerance.
Who May Want to Wait
Investors who prefer stable returns and are risk-averse may find this IPO less suitable due to potential market fluctuations and the inherent risks associated with new listings.
IPO Timeline, Explained
The IPO opens for subscription on 29 April 2025 and closes on 02 May 2025. Allotment of shares is expected on 05 May 2025, with the listing date set for 07 May 2025.
Listing Gains — The Risk
Listing gains are the profits made when shares are sold on the listing day. However, there is no guarantee of listing gains, as market conditions can fluctuate significantly, and the stock may trade below the issue price.
This evaluation is generated from Arunaya Organics's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is the price band of Arunaya Organics IPO?
The price band of Arunaya Organics IPO is ₹55.0–₹58.0 per share.
When does Arunaya Organics IPO open and close?
Arunaya Organics IPO opens on 29 April 2025 and closes on 02 May 2025.
When does Arunaya Organics IPO list on the stock exchange?
Arunaya Organics IPO listed on 07 May 2025 at ₹58.0.
What is the lot size for Arunaya Organics IPO?
The lot size for Arunaya Organics IPO is 2000 shares, requiring a minimum investment of ₹116,000.
What is the lot size for Arunaya Organics IPO?
The lot size is 2000 shares.
What is the minimum investment required?
The minimum investment required is ₹116,000.
What is the price band for the IPO?
The price band for the IPO is ₹55.0 to ₹58.0.
When does the IPO open and close?
The IPO opens on 29 April 2025 and closes on 02 May 2025.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the premium at which shares are expected to trade in the grey market before listing.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
29 Apr 2025
Close
02 May 2025
Allotment
05 May 2025
Listing
07 May 2025
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