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Aaradhya Disposal IPO vs Advance Technoforge IPO

Comparison between Aaradhya Disposal IPO and Advance Technoforge IPO.

IPO Details

Aaradhya Disposal IPO is a SME Fixed Price IPO proposed to list at NSE SME while Advance Technoforge IPO is a SME Fixed Price proposed to list at BSE SME.

 Aaradhya Disposal IPOAdvance Technoforge IPO
LogoAaradhya Disposal IPO LogoAdvance Technoforge IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtNSE SMEBSE SME
Lead ManagersKhambatta Securities Ltd.Sun Capital Advisory Services Pvt.Ltd.
RegistrarBigshare Services Pvt.Ltd.Kfin Technologies Ltd.
Market MakerPrabhat Financial Services Ltd.
DRHPDRHP DRHP
RHPRHP
Anchor Investor
IPO Allotment URLIPO 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 Advance Technoforge IPO is up to ₹0.00 Cr. The final issue price of Aaradhya Disposal IPO is ₹116.00 per share and of Advance Technoforge IPO is .

 Aaradhya Disposal IPOAdvance Technoforge IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹110.00 per share
Issue Price (Upper)₹116.00 per share
Issue Price (Final)₹116.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size1200 shares
Fresh Issue Size36,93,600 shares25,30,000 shares
Fresh Issue Size (Amount)up to ₹42.85 Crup to ₹0.00 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total36,93,600 shares25,30,000 shares
Issue Size Total (Amount)up to ₹42.85 Crup to ₹0.00 Cr

IPO Timetable

Aaradhya Disposal IPO opens on Aug 04, 2025, while Advance Technoforge IPO opens on . The closing date of Aaradhya Disposal IPO and Advance Technoforge IPO is Aug 06, 2025, and , respectively.

 Aaradhya Disposal IPOAdvance Technoforge IPO
Anchor Bid Date
Issue OpenAug 04, 2025
Issue CloseAug 06, 2025
Basis Of Allotment (Tentative)Aug 07, 2025
Initiation of Refunds (Tentative)Aug 08, 2025
Credit of Share (Tentative)Aug 08, 2025
Listing date (Tentative)Aug 11, 2025
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Aaradhya Disposal IPO P/E ratio is 11.57, as compared to Advance Technoforge IPO P/E ratio of .

 Aaradhya Disposal IPOAdvance Technoforge IPO
FinancialsEBITDA

Advance Technoforge Limited Financial Information (Restated)

Period Ended30 Sep 202431 Mar 202431 Mar 202331 Mar 2022
Assets33.2829.1522.1722
Total Income26.0148.2437.9131.56
Profit After Tax1.351.70.750.4
Net Worth8.286.935.224.47
Reserves and Surplus1.786.444.733.98
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)97.36100
Promoter Shareholding (Post-Issue)70.58
P/E Ratio11.57
Market Cap₹164.00 Cr.
ROE44.53%24.62%
ROCE25.15%18.07%
Debt/Equity1.351.62
EPS₹10.02
RoNW34.87%24.62%

Shares Offered

In the Aaradhya Disposal IPO Retail Individual Investors (RII) are offered 17,54,400 shares while in Advance Technoforge IPO retail investors are offered 17,54,400 shares. Qualified Institutional Buyers (QIB) are offered 1,84,800 shares in Aaradhya Disposal IPO and in Advance Technoforge IPO.

 Aaradhya Disposal IPOAdvance Technoforge IPO
Anchor Investor Reserveration
Market Maker Reserveration1,94,400 shares
QIB1,84,800 shares
NII17,54,400 shares
RII17,54,400 shares
Employee0 shares
Others
Total36,93,600 shares

Bids Received (Subscription)

Aaradhya Disposal IPO subscribed 1.41x in total, whereas Advance Technoforge IPO subscribed .

 Aaradhya Disposal IPOAdvance Technoforge IPO
QIB (times)2.51x
NII (times)1.25x
Big NII (times)1.65x
Small NII (times)0.45x
RII (times)1.46x
Employee (times)
Other (times)
Total (times)1.41x