Aritas Vinyl IPO
GMP, Subscription, Price, Dates & Financial Details
Trading
Aritas Vinyl Private Limited, incorporated in 2020, is engaged in the manufacturing and trading of technical textiles, specializing in artificial leather, also known as PU synthetic leather and PVC-coated leather. The company employs advanced Transfer Coating Technology to ensure consistent…
Open Date
Fri, 16 Jan 2026
Close Date
Tue, 20 Jan 2026
Price Band
₹ 40 – 47
Lot Size
3000
Issue Size
₹ 38.00 Cr
Minimum Investment
₹ 282,000 (6000 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Aritas Vinyl IPO has successfully completed its IPO process and is now listed on BSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹38.00 Crore, comprising a fresh issue of 65.97 Lakh equity shares aggregating to ₹31.00 Crore and an offer for sale (OFS) of 9.84 Lakh equity shares aggregating to ₹5.00 Crore by the existing shareholders.
The Aritas Vinyl IPO remained open for subscription from January 16, 2026, to January 20, 2026. The basis of allotment was finalized on January 21, 2026, and the company's shares were listed on BSE SME Platform on January 23, 2026.
The company had fixed the price band at ₹40 to ₹47 per share, with a lot size of 3000 shares. Retail investors were required to make a minimum investment of ₹282,000 (based on the upper price band) to apply for one lot.
Bigshare Services Pvt Ltd served as the registrar to the issue. Interactive Financial Services Ltd acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Aritas Vinyl Limited is now a publicly listed company on BSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Aritas Vinyl IPO Timeline (Tentative)
- IPO Open Date
- Fri, 16 Jan 26
- IPO Close Date
- Tue, 20 Jan 26
- Basis of Allotment
- Wed, 21 Jan 26
- Initiation of Refunds
- Thu, 22 Jan 26
- Credit of Shares to Demat
- Thu, 22 Jan 26
- Listing Date
- Fri, 23 Jan 26 — NSE & BSE
Open Date
16 January 2026
Close Date
20 January 2026
Basis Of Allotment
21 January 2026
Listing Date
23 January 2026
IPO Subscription
Check Live Subscription →The Aritas Vinyl IPO has received bids for 1,71,72,000 shares against 75,81,000 shares offered, resulting in an overall subscription of 2.27x. the NII category is subscribed 1.37x, Retail Investors 2.88x, and QIBs 1x.
QIB
1x
NII
1.37x
RII
2.88x
Total
2.27x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 45,12,000 shares, representing 59.52% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 78,000 shares (1.03%), while Non-Institutional Investors (NIIs) receive 29,91,000 shares (39.45%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Qualified Institutions | 78,000 | 1.03% |
| Non-Institutional | 2,991,000 | 39.45% |
| BNII | 1,995,000 | 26.32% |
| SNII | 996,000 | 13.14% |
| Retail Investors | 4,512,000 | 59.52% |
| Total | 7,581,000 | 100% |
Financials Details(₹ in Crores)
| Particular | 31 Aug 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 98.25 | 95.26 | 76.12 | 57.95 |
| Revenue | 40.58 | 98.02 | 69.25 | 51.42 |
| Profit After Tax | 2.42 | 4.13 | 1.67 | 0.99 |
| Net Worth | 22.77 | 20.27 | 5.99 | 4.32 |
| Reserve & Surplus | 10.21 | 7.79 | 3.49 | 1.82 |
| Total Borrowings | 37.78 | 36.82 | 52.79 | 33.1 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Aritas Vinyl Limited KPI Information
| Particular | Aug 2025 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|
| ROE % | 11.16 | 31.23 | 32.31 | 26.02 |
| ROCE % | 11.14 | 21.99 | 6.6 | 6.46 |
| Debt / Equity | 1.65 | 1.8 | 8.82 | 7.66 |
| RoNW % | 25.51 | 20.36 | 29.89 | 26.91 |
| Pat Margin % | 5.97 | 4.23 | 2.42 | 1.94 |
Peers Comparison
| Company | Face Value | PE Ratio | EPS Basic | EPS Diluted | RoNW | Net Assets |
|---|---|---|---|---|---|---|
| Aritas Vinly Limited | 10 | 0.00 | 13.14 | 13.14 | 13.14 | 15.97 |
| Mirza International Ltd | 2 | 39.71 | 0.93 | 0.93 | -0.86 | 33.56 |
| Amin Tannery Ltd | 1 | 58.67 | 0.03 | 0.03 | 2.27 | 1.19 |
About Aritas Vinyl Limited
Aritas Vinyl Private Limited, incorporated in 2020, is engaged in the manufacturing and trading of technical textiles, specializing in artificial leather, also known as PU synthetic leather and PVC-coated leather. The company employs advanced Transfer Coating Technology to ensure consistent quality, durability, and superior finish across its product range.
The company manufactures artificial leather, PVC vinyl, and allied products, catering to a wide range of industries including automotive, fashion, and interior design. Aritas Vinyl supplies its products to distributors, wholesalers, and manufacturers, while also serving international markets through exports to Greece, Oman, the UAE, Sri Lanka, the USA, and Special Economic Zones (SEZs). The company actively promotes sustainable alternatives by encouraging the use of synthetic leather in place of traditional animal leather.
Aritas Vinyl operates a modern manufacturing facility located at Kubadthal, Ahmedabad, spread over an area of 6,067 square meters. The plant has an installed annual production capacity of approximately 7.8 million square meters, enabling the company to efficiently meet diverse customer requirements across domestic and international markets.
Product Portfolio
Automotive Upholstery
Polyurethane (PU) leather and PVC vinyl used for automotive seats, door trims, steering wheel covers, and other interior components.
Fashion Accessories
High-quality artificial leather materials suitable for bags, wallets, laptop sleeves, purses, and other fashion products, available in a wide range of colors, textures, and finishes.
Interior Design
PVC vinyl solutions designed for wall coverings and upholstery applications, catering to both residential and commercial interior spaces.
Aritas Vinyl IPO Promoters
- Mr. Anilkumar Prakashchandra Agrawal
- Mr. Sanjaykumar Kantilal Patel
- Mr. Ankit Anilbhai Agrawal
- Mr. Mohit Ashokkumar Agrawal
- Mr. Rohit Dineshbhai Agrawal
- Mr. Rutvik Patel
- Mr. Shubham Sunilbhai Agrawal
Promoters Holding
Holding Pre Issue
47.22%
Holding Post Issue
27.99%
Aritas Vinyl IPO Objective
The Company Aritas Vinyl IPO proposes to utilise the Net Proceeds from the Issue towards the following objects.
- Capital Expenditure for Solar Power Project
- Working Capital
- General corporate purposes
Aritas Vinyl Limited Address / Contact Details
Aritas Vinyl Ltd.
Survey No. 1134,
Near Elegant Vinyl Private Limited,
Daskroi,Ahmedabad, Gujarat, 382430
Phone: 9998852850
Email: info@aritasvinyl.com
Website: http://www.aritasvinyl.com/
IPO Snapshot
Aritas Vinyl IPO Lot Size
The Aritas Vinyl IPO has a lot size of 3,000 shares. Retail investors require a minimum investment of ₹2,82,000 by applying for 2 lot (6,000 shares). The maximum application allowed for the retail category is 2 lots (6,000 shares), requiring an investment of ₹2,82,000.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 6,000 | 282,000.00 |
| Retail (Max) | 2 | 6,000 | 282,000.00 |
| S-HNI (Min) | 3 | 9,000 | 423,000.00 |
| S-HNI (Max) | 7 | 21,000 | 987,000.00 |
| B-HNI (Min) | 8 | 24,000 | 1,128,000.00 |
Issue Reservation
- QIB — 1.03%
- NII — 39.45%
- RII — 59.52%
Book Running Lead Managers
- Interactive Financial Services Ltd
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Aritas Vinyl IPO?
Aritas Vinyl IPO is a Book-building IPO with a total issue size of ₹38 crore. The Aritas Vinyl IPO price band is ₹40 to 47 per share. The Aritas Vinyl IPO subscription opens on Fri, Jan 16, 2026, and closes on Tue, Jan 20, 2026. The Aritas Vinyl IPO will be listed on the BSE. Bigshare Services Pvt Ltd is the registrar for the Aritas Vinyl IPO.
When will the Aritas Vinyl IPO open for subscription?
The Aritas Vinyl IPO opens on Fri, Jan 16, 2026 and closes on Tue, Jan 20, 2026
What is Aritas Vinyl IPO Price Band?
Aritas Vinyl IPO Price Band is ₹40 to 47 per share.
What is Aritas Vinyl IPO Lot Size?
Aritas Vinyl IPO lot size is 3000 shares, Retail investors need a minimum investment of ₹282000 based on the upper price band
What is the minimum investment for Aritas Vinyl IPO?
The minimum investment for Aritas Vinyl IPO is ₹282000, based on one lot of 3000 shares at the upper price band of ₹47 per share.
How to apply for Aritas Vinyl IPO?
Investors can apply for the Aritas Vinyl IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Tue, Jan 20, 2026. The application amount remains blocked until the Aritas Vinyl IPO allotment is finalized.
What is Aritas Vinyl IPO Issue Size?
Aritas Vinyl IPO issue size is ₹38 crores.
What is the Aritas Vinyl IPO Allotment Date?
Aritas Vinyl IPO allotment date is Wed, Jan 21, 2026.
Who is the Aritas Vinyl IPO Registrar?
The registrar for Aritas Vinyl IPO is Bigshare Services Pvt Ltd. Investors can go to Bigshare Services Pvt Ltd website to check Aritas Vinyl IPO allotment status, refund processing, and other IPO-related information.
Who is the Aritas Vinyl IPO Lead Manager?
The book-running lead managers (BRLMs) for the Aritas Vinyl IPO are Interactive Financial Services Ltd. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Aritas Vinyl IPO Red Herring Prospectus (RHP).