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Aritas Vinyl IPO
₹1,20,000/3,000 shares
Minimum Investment
IPO Details
16 Jan 26
20 Jan 26
₹1,20,000
3,000
₹40 to ₹47
BSE
₹38 Cr
23 Jan 26
Aritas Vinyl IPO Timeline
Bidding Start
16 Jan 26
Bidding Ends
20 Jan 26
Allotment Finalisation
21 Jan 26
Refund Initiation
22 Jan 26
Demat Transfer
22 Jan 26
Listing
23 Jan 26
Aritas Vinyl Limited
Incorporated in 2020, Aritas Vinyl Limited manufactures and trades technical textiles including artificial leather, PU synthetic leather and PVC-coated leather. The company supplies automotive, fashion and interior design industries across India and exports to countries such as UAE, USA, Greece and Oman. Its manufacturing facility in Ahmedabad spans over 6,000 square metres with an annual capacity of 7.8 million square metres. The company promotes sustainable alternatives to animal leather while offering customised, high-quality products to long-term clients.
Aritas Vinyl Limited IPO Overview
The Aritas Vinyl IPO is a bookbuilding issue of ₹37.52 crore comprising a fresh issue of 65.96 lakh shares aggregating ₹31 crore and an offer for sale of 9.84 lakh shares aggregating ₹5 crore. The issue opens on 16 January 2026 and closes on 20 January 2026, with allotment on 21 January 2026 and listing on BSE SME on 23 January 2026. The price band is ₹40–₹47 per share with a face value of ₹10. Interactive Financial Services Ltd. is the lead manager and Bigshare Services Pvt. Ltd. is the registrar. Giriraj Stock Broking Pvt. Ltd. acts as the market maker.
Aritas Vinyl Limited IPO Details
| Particulars | Details |
| IPO Date | 16 January 2026 to 20 January 2026 |
| Listing Date | 23 January 2026 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹40 to ₹47 per share |
| Lot Size | 3,000 Shares |
| Total Issue Size | 79,83,000 shares (₹38 Cr) |
| Fresh Issue | 65,96,600 shares (₹31 Cr) |
| Offer for Sale | 9,84,400 shares (₹5 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,26,90,080 shares |
| Share Holding Post Issue | 1,96,88,680 shares |
| Market Maker Portion | 4,02,000 shares |
Aritas Vinyl Limited IPO Reservation
| Investor Category | Shares Offered |
| QIB | 0.98% |
| NII (HNI) | 37.47% |
| Retail | 56.52% |
Aritas Vinyl Limited IPO Lot Size
| Application | Lots | Shares | Amount |
| Retail (Min) | 2 | 6,000 | ₹2,82,000 |
| Retail (Max) | 2 | 6,000 | ₹2,82,000 |
| S-HNI (Min) | 3 | 9,000 | ₹4,23,000 |
Aritas Vinyl Limited IPO Promoter Holding
| Shareholding Status | Percentage |
| Pre-Issue | 47.22% |
| Post-Issue | 27.99% |
Aritas Vinyl Limited IPO Valuation Overview
| KPI | Value |
| EPS | ₹2.95 |
| P/E Ratio | 15.93x |
| RoNW | 25.51% |
| ROE | 11.16% |
| ROCE | 11.14% |
| EBITDA Margin | 11.20% |
| PAT Margin | 5.97% |
| Debt to Equity | 1.65 |
Objectives of the Proceeds
- Capital expenditure for solar power project — ₹4.26 Cr
- Funding working capital requirements — ₹20.45 Cr
- General corporate purposes
Key Financials (₹ Crore)
| Particulars | 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 |
| Reserves | 10.21 | 7.79 | 3.49 | 1.82 |
| Borrowings | 37.78 | 36.82 | 52.79 | 33.10 |
SWOT Analysis of Aritas Vinyl IPO
Strength and Opportunities
- Experienced promoters and technical expertise
- Strong domestic and export market presence
- Long-term customer relationships
- Integrated manufacturing facility
- Certified quality and standards
Risks and Threats
- High debt impacting financial flexibility
- Dependence on automotive and fashion demand
- Raw material price volatility
- Regulatory and environmental compliance risks
- Competition from established synthetic brands
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About Aritas Vinyl Limited
Aritas Vinyl IPO Peer Comparison
| Company | EPS | NAV | P/E | RoNW | P/BV |
| Aritas Vinyl Ltd | 13.14 | 15.97 | — | 20.39% | — |
| Peer Group | |||||
| Mirza International Ltd | 0.93 | 33.56 | 39.71 | -0.86% | 1.09 |
| Amin Tannery Ltd | 0.03 | 1.19 | 58.67 | 2.27% | 1.00 |
How to apply IPO with HDFC SKY?
Follow these simple steps to apply for an IPO through HDFC SKY. Secure your investments and explore new opportunities with ease by accessing the IPOs available on the platform.
1Login to your HDFC SKY Account
2Select Issue
3Enter Number of Lots and your Price.
4Enter UPI ID
5Complete Transaction on Your UPI App
FAQs On Aritas Vinyl Limited IPO
How can I apply for Aritas Vinyl Limited IPO?
You can apply through HDFC Sky using the UPI-based ASBA facility during the IPO subscription period.
What is the minimum investment for the IPO?
The minimum retail investment is ₹2,82,000 for 6,000 shares at the upper price band.
When will Aritas Vinyl IPO be listed?
The IPO is scheduled to list on BSE SME on 23 January 2026.
What is the issue size of the IPO?
The total issue size is ₹37.52 crore comprising fresh issue and offer for sale.
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