Arete 22 IPO (DRHP filed)
Arete 22 Limited filed its draft red herring prospectus with SEBI on 1 Oct 2026 for an issue of about ₹440.00 Cr. Price band, lot size and issue dates are announced only after SEBI observations and the RHP filing.
Last updated
- Stage
- DRHP Filed
- DRHP filed
- 1 Oct 2026
- Days since
- 30
- Issue size
- ₹440.00 Cr
- Board
- Mainboard
- Price band
- TBA
Arete 22 IPO status
Arete 22 Limited filed its draft red herring prospectus (DRHP) with SEBI on . The issue can open only after SEBI issues its observations and the company files the RHP with the price band.
| DRHP filed | 1 Oct 2026 |
|---|---|
| Days since filing | 30 |
| SEBI observation | Awaited |
| Price band | TBA |
| Issue dates | TBA |
Share reservation by category
| Category | Shares Details |
|---|---|
| Qualified Institutions | Not More Than 50% of the Net Issue |
| Retail Investors | Not Less Than 35% of the Net Issue |
| Non-Institutional | Not Less Than 15% of the Net Issue |
Arete 22 Limited financials
Between 31 Mar 2025 and 31 Mar 2026, Income rose from ₹213.5 Cr to ₹540.26 Cr, and profit after tax rose from ₹12.36 Cr to ₹44.97 Cr. The PAT margin for 31 Mar 2026 was 8.32%.
| Period ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 416.41 | 306.98 | 139.29 |
| Total Income | 540.26 | 213.50 | 112.83 |
| Profit After Tax | 44.97 | 12.36 | 2.92 |
| EBITDA | 94.68 | 31.83 | 13.79 |
| Net Worth | 84.90 | 34.68 | 17.33 |
| Reserve & Surplus | 69.90 | 24.68 | 12.33 |
| Total Borrowings | 263.06 | 215.00 | 98.90 |
₹ in crore, as stated in the prospectus.
Key performance indicators
| KPI | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| ROE % | 75.22 | 47.51 | 18.40 |
| ROCE % | 23.24 | 10.67 | 9.10 |
| Debt / Equity | 3.10 | 6.20 | 5.71 |
| RoNW % | 52.97 | 35.62 | 16.85 |
| Pat Margin % | 8.36 | 5.82 | 2.60 |
Peer comparison
| Company | Face value | P/E | EPS (basic) | EPS (diluted) | RoNW | NAV |
|---|---|---|---|---|---|---|
| Arete 22 Limited | 10 | — | 6.92 | 6.92 | 52.97% | 13.06 |
| Wheels India Limited | 10 | 37.58 | 63.44 | 63.44 | 14.88% | 426.25 |
| Steel Strips Wheels Limited | 1 | 30.74 | 12.11 | 12.07 | 10.54% | 114.87 |
| Enkei Wheels (India) Limited* | 5 | 139.86 | 2.86 | 2.86 | 2.14% | 133.33 |
Notes
Pursuant to resolutions passed by the Board of Directors of our Company at its meeting held on August 17, 2026 and Shareholders
approval on September 03, 2026, our Company has allotted 5,31,52,250 bonus equity shares of ₹10 each in the ratio of 10 (ten) fully
paid-up bonus equity shares of ₹10 each for every 3 (three)equity share of ₹10 each held by the Shareholders as on September 08, 2026.
The Basic and Diluted Earnings per Share is calculated after giving effect to bonus.Basic and Diluted EPS for peers are sourced from the audited financial statements for the relevant year.
P/E Ratio has been computed based on the closing market price of equity shares on the NSE website on September 09, 2026, divided
by the Diluted EPS.Return on Net worth is calculated as restated return, attributable to the owners of the company divided by the total equity excluding
non-controlling interest at the end of the relevant year.Net asset value / Book value per equity share is calculated as net worth as of the end of the relevant year/period divided by the number
of equities shares outstanding at the end of the year/period. Net worth represents the aggregate value of equity share capital and other
equities.
From the prospectus. P/E is shown as — when earnings are zero or negative, or not reported for the issuer before listing.
Objectives
The company intends to allocate the net proceeds from the offering to the following objectives.
| Sr | Objective | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding the working capital requirements of the Company | 150.00 |
| 2 | Repayment/prepayment, in full or in part, of certain debts availed by the Company | 120.00 |
| 3 | Purchase of plant and machinery for the existing manufacturing facilities | 34.82 |
| 4 | General Corporate Purposes | 0.00 |
| Total | 304.82 |
About Arete 22 Limited
Incorporated in February 2021, Arete 22 Limited is an integrated precision aluminium mobility solutions company engaged in manufacturing aluminium alloy wheels and precision aluminium high-pressure die-cast (HPDC) components for automotive original equipment manufacturers (OEMs). Its primary business involves manufacturing aluminium alloy wheels for motorcycles and scooters, while its material subsidiary, Unicast Autotech Private Limited, manufactures precision aluminium HPDC components for automotive applications.
The Company operates two manufacturing facilities in Bilaspur, Haryana, and Kolar, Karnataka, with a combined installed capacity of 6.00 million aluminium alloy wheels per annum. Spanning approximately 27,042 square metres, these facilities are equipped with die-casting machines, CNC machining centres, paint and coating lines, shot blasting machines and in-house testing laboratories. The Company undertakes key manufacturing processes in-house, including melting, degassing, casting, machining, finishing and testing, enabling effective process control and quality assurance.
Unicast Autotech Private Limited, established in 2012 and acquired by the Company in 2026, operates an integrated manufacturing facility at Narasapura Industrial Area, Kolar, Karnataka. It manufactures precision aluminium HPDC components used in engines, transmissions, powertrains, chassis and structural applications across internal combustion engine, hybrid and electric vehicle platforms. The acquisition has expanded the Company's product portfolio beyond aluminium alloy wheels and strengthened its capabilities across diverse automotive applications.
The Company follows a business-to-business (B2B), build-to-print manufacturing model, supplying products directly to two-wheeler OEMs according to their designs, specifications and technical requirements. Its manufacturing facilities are strategically located near major automotive and electric vehicle manufacturing hubs, facilitating access to customers, suppliers and skilled manpower. The Company also undertakes new product development and value analysis/value engineering to develop lightweight, cost-efficient products while meeting quality and performance standards.
The Company is certified under IATF 16949:2016 and ISO 9001:2015 and implements quality controls covering raw material inspection, in-process production and final inspection. Revenue from operations increased from ₹11,246.25 lakhs in Fiscal 2024 to ₹53,794.92 lakhs in Fiscal 2026, while profit after tax rose from ₹291.92 lakhs to ₹4,497.28 lakhs during the same period. As of August 31, 2026, the Company had 270 permanent employees, including 232 employees in manufacturing and personnel across human resources, finance, research and development, information technology, sales, legal and other functions.
Competitive Strengths
Strong Financial Performance: Demonstrated significant growth in revenue, EBITDA and profit after tax.
Quality Assurance: Maintains a strong focus on product quality through established quality management systems and inspection processes.
Experienced Management: Benefits from an experienced and skilled management team and Board of Directors.
Established OEM Relationships: Maintains business relationships with established automotive OEM customers.
Operational Efficiency: Focuses on cost optimisation, manufacturing efficiencies and strong supplier relationships.
Integrated Automotive Capabilities: Serves diverse automotive applications across internal combustion engine, hybrid and electric vehicle platforms.
Diversified Product Portfolio: Offers aluminium alloy wheels and precision aluminium HPDC components, expanding its presence across automotive applications.
Promoters
- Abhishek Gupta
- Konica Gupta
- Naveen Gupta
- Pawan Kumar Gupta
Contact details
Arete 22 Limited
D1, D2 B Block, Autonagar
Visakhapatnam, Andhra Pradesh, 530012
Phone: +91-8142288666
Email: cs@arete22.in
Website: https://www.arete22.com/
Arete 22 IPO FAQs
- Has Arete 22 IPO filed for an IPO?
- Arete 22 Limited filed its draft red herring prospectus (DRHP) with SEBI on 1 Oct 2026.
- When will the Arete 22 IPO open?
- Issue dates are announced after SEBI observations and the RHP filing. They are not available yet.
- What is the Arete 22 IPO price band?
- The price band is announced a few days before the issue opens. It is not available yet.
- What is the Arete 22 IPO size?
- The DRHP proposes an issue of about ₹440.00 Crore. The final size can change in the RHP.
Details are from the draft prospectus and can change in the final RHP. This is not investment advice.