IPO Details

Bidding Dates

29 Apr '25 - 02 May '25

Minimum Investment

₹1,10,000/ 1 Lot (2,000 Shares)

Price Range

₹55-₹58

Maximum Investment

₹1,16,000/ 1 Lot (2,000 Shares)

Retail Discount

To be announced

Issue Size

₹33.99 Cr

Investor category and sub category

Retail Individual Investors (RII)  |   Non-institutional Investors (NII)  |   Qualified Institutional Buyers (QIB)   |  

Arunaya Organics IPO Important Dates

Important dates with respect to IPO allotment and listing

IPO Opening Date

Apr 29, 25

IPO Closing Date

May 02, 25

Basis of Allotment

May 05, 25

Initiation of Refunds

May 06, 25

IPO Listing Date

May 07, 25

IPO Subscription Details

DateQIBNIIRetailTotal

Day 1Apr 28, 2025

 0 0.02 0.45 0.19

About Arunaya Organics IPO

Arunaya Organics IPO is a bookbuilding issue of ₹33.99 crore. It includes a fresh issue of 52.60 lakh shares worth ₹30.51 crores and an offer for sale of 6 lakh shares worth ₹3.48 crore. The IPO opened for subscription on April 29, 2025, and will close on May 2, 2025. The allotment of shares is likely to be finalised on May 5, 2025. Arunaya Organics is expected to list on NSE SME, with a tentative listing date of May 7, 2025.

The price band for the Arunaya Organics IPO is set between ₹55 and ₹58 per share. Investors need to apply for a minimum lot size of 2,000 shares. This means retail investors must invest at least ₹1,10,000. However, bidding at the cutoff price is recommended to avoid missing out due to oversubscription, raising the investment to about ₹1,16,000. High-net-worth individuals (HNI) must apply for a minimum of 2 lots (4,000 shares) with an investment of ₹2,32,000.

Unistone Capital Pvt Ltd is managing the book-running, Bigshare Services Pvt Ltd is the registrar, and R.K. Stock Holding Private Limited is the market maker for the IPO.

Industry Outlook

  1. India is the world leader in dye manufacturing, contributing 16%-18% of global dyestuff exports and supplying products to over 90 countries, showing strong international demand.
  2. From April to September 2023-24, India's dye exports reached US$ 867 million, and the overall exports of major chemicals and petrochemicals stood at US$ 8.4 billion, reflecting the growing strength of the chemical sector.
  3. The Indian Chemicals and Petrochemicals market, valued at US$ 215 billion, is expected to grow to US$ 300 billion by 2025, offering more business opportunities for exporters and manufacturers.

Arunaya Organics IPO Objectives 

The company plans to allocate the net proceeds from the issuance to the following purposes:

  1. The company plans to use part of the IPO proceeds to set up a new manufacturing facility at Dahej III Industrial Estate in Gujarat, boosting its production capacity.
  2. A portion of the funds will be used to meet the company’s working capital needs, helping to support day-to-day business operations and ensure smooth growth.
  3. The remaining funds will be used for general corporate purposes.

About Arunaya Organics Limited 

Arunaya Organics Limited, established in 2010, is engaged in the manufacturing and trading of a wide range of dyes and dye intermediates. The company offers reactive, acid, direct, basic, and solvent dyes in various forms like spray-dried powders, granules, crude, reverse osmosis-treated products, and salt-free options. It also provides specialty performance chemicals tailored for the paper and textile industries. A major part of the company’s finished product manufacturing is outsourced from its group company, Chinmay Chemicals Private Limited.

The manufacturing facility is strategically located at C-8, GIDC Estate, Naroda, Ahmedabad, Gujarat, with an annual installed capacity of around 30 metric tons. The unit is equipped with necessary infrastructure for storage, manufacturing, and quality control, and holds ISO 9001:2015 and ISO 14001:2015 certifications. Its location offers strong logistics support through proximity to Mundra Port and ICD Ahmedabad, facilitating smooth distribution and raw material procurement.

Initially incorporated as Arunaya Organics Private Limited, the company transitioned to a public limited entity as Arunaya Organics Limited in January 2024. The company operates across two key segments — manufacturing and trading of dye products — catering to both domestic and international markets. Under the leadership of promoter Vinod Agrawal and a dedicated management team, Arunaya Organics Limited has steadily strengthened its position in the dye industry.

How To Check the Allotment Status of Arunaya Organics IPO?

Steps to check IPO allotment status on Angel One’s app:

  1. Log in to the Angel One app.
  2. Go to the IPO Section and then to IPO Orders.
  3. Select the individual IPO that you had applied for and check the allotment status.
  4. Angel One will notify you of your IPO allotment status via push notification and email.

How To Apply for the Arunaya Organics IPO Online?

  1. Log in to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
  2. Locate the IPO Section: Navigate to the 'IPO' section on the platform.
  3. Select IPO: Find and select the Arunaya Organics IPO from the list of open IPOs.
  4. Enter the Lot Size: Specify the number of lots you want to bid for.
  5. Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
  6. Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.

Contact Details of Arunaya Organics IPO 

Registered office: C-8, GIDC Phase-II Naroda, Ahmedabad- 382330, Gujarat, India

Phone: +91 7779018165

E-mail: info@arunayaorganics.com

Arunaya Organics IPO Reservation

Investor Category

Shares Offered

QIB Shares

Not more than 20% of the Net offer

Retail Shares

Not less than 40% of the Net offer

NII (HNI) Shares

Not less than 40% of the Net offer

Arunaya Organics IPO Lot Size

Application

Lots

Shares

Amount (in ₹)

Retail (Min)

1

2,000

1,10,000

Retail (Max)

1

2,000

1,16,000

HNI (Min)

2

4,000

2,32,000

Arunaya Organics IPO Promoter Holding

Vinod and Shivali Agarwal are the promoters of the company.

Share Holding Pre-Issue

91.72%

Share Holding Post Issue

-

Note: Equity dilution is determined by subtracting the Share Holding Post Issue from the Share Holding Pre Issue.

Key Performance Indicators for Arunaya Organics IPO

KPI

Value

RoE (%)

44.15

RoCE (%)

55.71

Debt/Equity

1.19

PAT Margin

6.52

Arunaya Organics IPO Prospectus

Arunaya Organics IPO Registrar and Lead Managers

Arunaya Organics IPO Lead Managers

  • Unistone Capital Private Limited

Registrar for Arunaya Organics IPO

Bigshare Services Private Limited

  • Contact Number: +91-22-6263 8200

Arunaya OrganicsIPO Registrar

Financial Performance of Arunaya Organics Limited

Particulars Year ending on March 31, 2024 Year ending on March 31, 2023 Year ending on March 31, 2022
Revenue from Operation (in ₹ lakh) 6,223.32 7,585.02 6,154.72
Profit after Tax (in ₹ lakh) 405.68 173.44 133.02
Earnings per Share (₹) 3.95 1.69 1.50
Total Borrowings (in ₹ lakh) 1,329.91 1,316.85 990.28
Return on Equity (RoE in %) 44.15 29.11 32.58
EBITDA (in ₹ lakh) 646.79 282.51 197.05

Know before investing

Strengths

6

  1. Arunaya Organics offers over six types of dyes with custom solutions.

  2. Strong R&D focus ensures continuous new product development and growth.

  3. ISO 9001:2015 and ISO 14001:2015 certifications strengthen quality assurance.

  4. Backward integration strategy aims to cut raw material costs significantly.

  5. New Dahej facility to manufacture organic, food, and cosmetic dyes.

  6. 80% of FY24 revenue came from strategic job work outsourcing.

Risks

6

  1. Heavy reliance on Chinmay Chemicals poses supplier dependency risk.

  2. Absence of long-term customer contracts impacts revenue stability.

  3. No fixed agreements with raw material suppliers increases procurement uncertainty.

  4. Gujarat-based operations risk disruption from localised issues or disasters.

  5. Sales depend largely on Direct Dyes and Intermediaries performance.

  6. Working capital constraints may hinder daily operations and expansion plans.

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Arunaya Organics Limited Peer Comparison

Company Name EPS (Basic) NAV (per share in ₹) RoNW (%) P/E (x)
Arunaya Organics Limited 3.95 10.88 36.27 -
Vipul Organics Limited 2.57 44.75 5.73 72.94
Mahickra Chemicals Limited 1.32 41.03 3.22 81.43
Ducol Organics And Colours Limited 3.05 - 7.06 34.96

Arunaya Organics IPO FAQs

What is the Arunaya Organics IPO?

Arunaya Organics IPO is a book-built issue IPO. It will be open from April 29, 2025, to May 2, 2025. 

When will the Arunaya Organics IPO be allotted?

The Basis of Allotment will happen on Monday, May 5, 2025.  

When will the Arunaya Organics IPO open for subscription?

The IPO subscription window will open on April 29, 2025. 

What minimum lot size can retail investors subscribe to?

The minimum lot size retail investors can subscribe to is 1 lot, and the lot size is 2,000 shares. 

When will Arunaya Organics Limited list on exchanges?

The listing date for Arunaya Organics Limited is Wednesday, May 7, 2025. 

What is the issue size of the Arunaya Organics IPO?

The issue size of the Arunaya Organics IPO is up to ₹33.99 crore. 

What are the open and close dates of the Arunaya Organics IPO?

The open and close dates for Arunaya Organics IPO are from April 29, 2025, to May 2, 2025. 

What would be the listing gains on the Arunaya Organics IPO?

Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.  

How to increase your chances of getting an Arunaya Organics IPO allotment?

  1. Multiple Submissions: Use different Demat accounts to make multiple applications.
  2. Higher Price Band Bidding: opt for bidding at the cut-off price or higher price band.
  3. Timely Subscription: Ensure you subscribe to the IPO within the specified time frame.

How do I approve the UPI mandate request for Arunaya Organics IPO?

You must complete the payment process by logging in to your UPI handle and approving the payment mandate. 

Can I submit more than one application for the public issue of Arunaya Organics Limited using one PAN?

You can submit only one application using your PAN card. 

Who is the registrar of Arunaya Organics IPO?

Bigshare Services Private Limited is the registrar responsible for managing the IPO allotment process and handling investor queries. 

Where is the Arunaya Organics IPO getting listed?

Arunaya Organics IPO is proposed to be listed on the SME platform of the National Stock Exchange (NSE).