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Aaradhya Disposal IPO vs Ace Alpha Tech IPO

Comparison between Aaradhya Disposal IPO and Ace Alpha Tech IPO.

IPO Details

Aaradhya Disposal IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Ace Alpha Tech IPO is a SME Bookbuilding proposed to list at BSE SME.

 Aaradhya Disposal IPOAce Alpha Tech IPO
LogoAaradhya Disposal IPO LogoAce Alpha Tech IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtNSE SMEBSE SME
Lead ManagersKhambatta Securities Ltd.Narnolia Financial Services Ltd.
RegistrarBigshare Services Pvt.Ltd.Skyline Financial Services Pvt.Ltd.
Market MakerPrabhat Financial Services Ltd.SS Corporate Securities Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Aaradhya Disposal IPO is up to ₹42.85 Cr whereas the issue size of the Ace Alpha Tech IPO is up to ₹30.40 Cr. The final issue price of Aaradhya Disposal IPO is ₹116.00 per share and of Ace Alpha Tech IPO is ₹69.00 per share.

 Aaradhya Disposal IPOAce Alpha Tech IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹110.00 per share₹65.00 per share
Issue Price (Upper)₹116.00 per share₹69.00 per share
Issue Price (Final)₹116.00 per share₹69.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size1200 shares2000 shares
Fresh Issue Size36,93,600 shares32,84,000 shares
Fresh Issue Size (Amount)up to ₹42.85 Crup to ₹22.66 Cr
OFS Issue Size0 shares11,22,000 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹7.74 Cr
Issue Size Total36,93,600 shares44,06,000 shares
Issue Size Total (Amount)up to ₹42.85 Crup to ₹30.40 Cr

IPO Timetable

Aaradhya Disposal IPO opens on Aug 04, 2025, while Ace Alpha Tech IPO opens on Jun 26, 2025. The closing date of Aaradhya Disposal IPO and Ace Alpha Tech IPO is Aug 06, 2025, and Jun 30, 2025, respectively.

 Aaradhya Disposal IPOAce Alpha Tech IPO
Anchor Bid DateJun 25, 2025
Issue OpenAug 04, 2025Jun 26, 2025
Issue CloseAug 06, 2025Jun 30, 2025
Basis Of Allotment (Tentative)Aug 07, 2025Jul 01, 2025
Initiation of Refunds (Tentative)Aug 08, 2025Jul 02, 2025
Credit of Share (Tentative)Aug 08, 2025Jul 02, 2025
Listing date (Tentative)Aug 11, 2025Jul 03, 2025
Anchor Lockin End date 1Jul 31, 2025
Anchor Lockin End date 2Sep 29, 2025

Financials & KPIs

Aaradhya Disposal IPO P/E ratio is 11.57, as compared to Ace Alpha Tech IPO P/E ratio of 9.07.

 Aaradhya Disposal IPOAce Alpha Tech IPO
FinancialsEBITDA

Ace Alpha Tech Limited Financial Information (Restated)

Period Ended31 Dec 202431 Mar 202431 Mar 202331 Mar 2022
Assets31.0423.025.220.55
Total Income12.7115.354.940.36
Profit After Tax8.4710.653.320.13
EBITDA11.7014.274.450.18
Net Worth30.5722.103.770.45
Reserves and Surplus16.5621.973.760.44
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)97.3655.80
Promoter Shareholding (Post-Issue)70.5843.90
P/E Ratio11.579.07
Market Cap₹164.00 Cr.₹121.15 Cr.
ROE44.53%0.82
ROCE25.15%109.31%
Debt/Equity1.35
EPS₹10.02₹7.60
RoNW34.87%47.91%

Shares Offered

In the Aaradhya Disposal IPO Retail Individual Investors (RII) are offered 17,54,400 shares while in Ace Alpha Tech IPO retail investors are offered 17,54,400 shares. Qualified Institutional Buyers (QIB) are offered 1,84,800 shares in Aaradhya Disposal IPO and 8,80,000 shares in Ace Alpha Tech IPO.

 Aaradhya Disposal IPOAce Alpha Tech IPO
Anchor Investor Reserveration13,20,000 shares
Market Maker Reserveration1,94,400 shares2,64,000 shares
QIB1,84,800 shares8,80,000 shares
NII17,54,400 shares6,62,000 shares
RII17,54,400 shares15,44,000 shares
Employee0 shares
Others
Total36,93,600 shares44,06,000 shares

Bids Received (Subscription)

Aaradhya Disposal IPO subscribed 1.41x in total, whereas Ace Alpha Tech IPO subscribed 101.75x.

 Aaradhya Disposal IPOAce Alpha Tech IPO
QIB (times)2.51x67.06x
NII (times)1.25x170.79x
Big NII (times)1.65x
Small NII (times)0.45x
RII (times)1.46x91.92x
Employee (times)
Other (times)
Total (times)1.41x101.75x