Company Profile
Arunaya Organics Limited is an emerging player in the specialty chemicals industry, headquartered in Ahmedabad, India. The company focuses on the production and distribution of eco-friendly dyes and dye intermediates, including salt-free variants. These products are primarily used in industries such as textiles, paper, food processing, and pharmaceuticals.
With a commitment to sustainable practices and innovation, Arunaya Organics has developed a diverse product portfolio that meets both domestic and international quality standards. The company aims to strengthen its market presence through expansion, technological upgrades, and strategic partnerships.
Its upcoming IPO on the NSE EMERGE platform reflects its growth ambitions and commitment to scaling operations while contributing to environmentally responsible manufacturing.
Company Overview
Founded in 2010 and based in Ahmedabad, Gujarat, Arunaya Organics Limited is a growing manufacturer in the chemical industry. The company is engaged in producing a diverse range of dyes and dye intermediates, including reactive, acid, direct, and solvent dyes. These products are offered in multiple forms like powders, granules, and salt-free solutions, tailored to meet industry-specific needs.
Arunaya Organics serves key sectors such as textiles, paper, leather, and food processing, with a focus on quality and environmental responsibility. Its manufacturing facility is located in Naroda, Ahmedabad, and operates with a production capacity of around 30 metric tons annually.
With a strong foundation and expanding footprint, the company is positioning itself for further growth through innovation, efficient operations, and sustainable practices.
Product Portfolio
Arunaya Organics Limited offers a diverse and environmentally conscious range of dyes and dye intermediates designed to meet the needs of various industries. Their product line includes:
Intermediates – A range of chemical intermediates that serve as key ingredients in dye synthesis and other chemical applications.
Reactive Dyes – Commonly used in the textile industry for their strong bonding properties with cellulosic fibers, offering vibrant colors and durability.
Acid Dyes – Ideal for dyeing protein fibers like wool and silk, as well as nylon, providing bright, consistent shades.
Direct Dyes – Suitable for cellulose fibers, these dyes are easy to apply and cost-effective for bulk dyeing applications.
Solvent Dyes – Used in plastics, inks, and fuels, offering good solubility and bright coloration.
Basic Dyes – Known for their intensity and brightness, primarily used in paper and acrylic fibers.
Salt-Free Dyes – Developed for cleaner applications with minimal environmental impact, used in sensitive dyeing processes.
Financial Snapshot (as of March 2024)
As of the end of the financial year March 2024, Arunaya Organics Limited demonstrated steady growth and financial health:
- Revenue: ₹62.25 crore
- Net Profit: ₹4.06 crore
- Total Assets: ₹45.06 crore
- Net Worth: ₹24.18 crore
These figures reflect the company’s solid performance ahead of its IPO, showcasing profitability and a stable asset base as it prepares for expansion.
Initial Public Offering (IPO) Plans
Arunaya Organics Limited is preparing to launch its SME IPO on the NSE EMERGE platform, with the issue open from April 29 to May 2, 2025. The company plans to raise approximately ₹33.99 crore through a combination of fresh equity shares and an offer for sale by a promoter.
- Issue Size: Around ₹33.99 crore
- Fresh Issue: 52.6 lakh shares (₹30.5 crore)
- Offer for Sale: 6 lakh shares (₹3.48 crore)
- Price Band: ₹55 to ₹58 per share
- Lot Size: 2,000 shares (Minimum investment: ₹1,16,000)
- Listing Date: May 7, 2025
- Listing Platform: NSE EMERGE
- Lead Manager: Unistone Capital Pvt Ltd
- Registrar: Bigshare Services Pvt Ltd
The IPO proceeds will support working capital needs and general corporate purposes, aligning with the company’s growth strategy in the specialty dyes and intermediates segment.
Key IPO Details:
- IPO Type: SME IPO (Book Built Issue)
- Exchange: NSE EMERGE
- Issue Size: ₹33.99 crore (Fresh Issue + Offer for Sale)
- Fresh Issue: 52.6 lakh equity shares (₹30.5 crore)
- Offer for Sale: 6 lakh equity shares (₹3.48 crore)
- Price Band: ₹55 to ₹58 per share
- Face Value: ₹10 per share
- Lot Size: 2,000 shares
- Minimum Investment: ₹1,16,000
- Retail Quota: 40% of the issue
- IPO Open Date: April 29, 2025
- IPO Close Date: May 2, 2025
- Allotment Finalization: May 5, 2025
- Refunds Initiation: May 6, 2025
- Shares Credited to Demat: May 6, 2025
- Listing Date: May 7, 2025
- Registrar: Bigshare Services Pvt Ltd
- Lead Manager: Unistone Capital Pvt Ltd
Important Dates:
- IPO Open Date: April 29, 2025
- IPO Close Date: May 2, 2025
- Allotment Finalization Date: May 5, 2025
- Refunds Initiation Date: May 6, 2025
- Shares Credited to Demat Accounts: May 6, 2025
- Listing Date: May 7, 2025
IPO Objectives:
Establishment of a New Manufacturing Facility
The company plans to set up a new manufacturing unit at D-3/26/3, Dahej III Industrial Estate, Vagra, Bharuch, Gujarat. This facility will enhance production capacity and support the company’s expansion plans.
Funding Working Capital Requirements
A portion of the IPO proceeds will be utilized to meet the company’s working capital needs, ensuring smooth operational activities and the ability to manage day-to-day expenses effectively.
General Corporate Purposes
The remaining funds will be allocated for general corporate purposes, providing the company with the flexibility to address various business requirements and opportunities as they arise.
Regulatory Compliance Highlights
SEBI (ICDR) Regulations Compliance: Arunaya Organics has fully complied with the SEBI (Issue of Capital and Disclosure Requirements) Regulations for SME IPOs, ensuring the issue meets all statutory requirements.
Approval from NSE: The company has secured in-principal approval from the National Stock Exchange (NSE) for listing its equity shares on the SME platform, which demonstrates adherence to stock exchange norms.
Market Making Agreement: A market-making arrangement has been established to enhance liquidity and ensure price stability post-listing.
Dematerialization of Shares: In compliance with SEBI guidelines, shares will be allotted only in electronic (demat) form, ensuring a transparent and secure process.
Insider Trading Compliance: Arunaya Organics follows a strict Insider Trading Policy, ensuring compliance with the SEBI regulations to prevent insider trading activities.
Potential Strategic Investments
Establishing a New Manufacturing Facility: Arunaya Organics plans to set up a new manufacturing unit at D-3/26/3, Dahej III Industrial Estate, Vagra, Bharuch, Gujarat. This expansion aims to enhance production capacity and support the company’s growth.
Funding Working Capital Requirements: A portion of the IPO proceeds will be utilized to meet the company’s working capital needs, ensuring smooth operational activities and the ability to manage day-to-day expenses effectively.
General Corporate Purposes: The remaining funds will be allocated for general corporate purposes, providing the company with the flexibility to address various business requirements and opportunities as they arise.
Future Outlook
Arunaya Organics Limited is set for significant growth, supported by strategic initiatives and market expansion plans.
Expansion Plans:
The company is establishing a new manufacturing facility in Bharuch, Gujarat, which will boost its production capacity and cater to increasing demand for its products both domestically and internationally.
Market Positioning:
Arunaya Organics is a key player in the specialty chemicals sector, particularly in the textile and paper industries. With its annual production capacity of 30 metric tons, the company is well-positioned to meet the rising demand for eco-friendly and salt-free dyes.
Financial Performance:
For the financial year ending March 31, 2024, Arunaya Organics reported a revenue of ₹62.25 crore and a net profit of ₹4.06 crore, showcasing strong financial health and operational efficiency.
IPO and Capital Utilization:
The company’s upcoming IPO, set for April 29 to May 2, 2025, aims to raise ₹33.99 crore. These funds will be used for setting up the new manufacturing unit, addressing working capital needs, and general corporate purposes.
Conclusion:
With its growth plans, strong financial performance, and market positioning, Arunaya Organics Limited is poised for sustained success in the specialty chemicals industry.
Financial Growth:
With strong financial performance, including increased revenue, profitability, and operational efficiency, Iware is on track to maintain healthy growth in the coming years. The company’s ability to leverage its strategic investments and large fleet will continue to drive its success.
IPO and Market Expansion:
The upcoming Initial Public Offering (IPO) will further strengthen the company’s financial base, enabling it to fund expansion plans, technology investments, and acquisitions, positioning Iware for greater market presence.
