Aritas Vinyl IPO is opening for subscription on January 16, 2026, and will close on January 20, 2026. This is a Book Build Issue and the company plans to raise around ₹38 crores through the IPO. The issue includes a fresh issue of approximately ₹33 crores along with an offer for sale of up to 9,84,400 equity shares having a face value of ₹10 each.
The IPO is scheduled to be listed on the BSE SME platform on January 23, 2026, while the allotment is expected to be finalised on January 21, 2026.
The price band for Aritas Vinyl IPO has been fixed at ₹40 to ₹47 per share. The issue allocation is divided into 50% for QIBs, 15% for HNIs, and 35% for retail investors. Based on recent financial performance and steady revenue growth, the IPO is considered suitable for investors with a long-term investment view.
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Aritas Vinyl IPO Details
| Particulars | Details |
|---|---|
| IPO Open Date | January 16, 2026 |
| IPO Close Date | January 20, 2026 |
| Face Value | ₹10 per equity share |
| IPO Price Band | ₹40 to ₹47 per share |
| Issue Size | Approx ₹38 Crores |
| Fresh Issue | Approx ₹33 Crores |
| Offer for Sale | Up to 9,84,400 equity shares |
| Issue Type | Book Build Issue |
| IPO Listing | BSE SME |
| DRHP Draft Prospectus | View PDF |
| RHP Draft Prospectus | View PDF |
Aritas Vinyl IPO
Open: 16-20 Jan
Issue Size: ₹38 Cr.
Objective: To fund solar power project, strengthen working capital and support growth plans.
Exchange: BSE SME
Aritas Vinyl IPO Review
Aritas Vinyl IPO comes at a time when the company has shown consistent growth in both revenue and profitability. Revenue has increased from ₹69.25 crores in FY2024 to ₹98.02 crores in FY2025, while profit after tax rose sharply from ₹1.67 crores to ₹4.13 crores during the same period.
The company operates in the technical textiles and synthetic leather segment, catering to automotive, fashion, and interior markets. While the SME segment carries inherent risks and high lot size limits retail participation, the company’s improving margins and expansion plans make the IPO reasonable for long-term investors who can handle volatility.
Track GMP: Aritas Vinyl IPO GMP Today
Aritas Vinyl IPO Market Lot Details
The minimum market lot for Aritas Vinyl IPO is 6,000 shares, which requires a minimum investment of ₹2,82,000 at the upper price band.
| Application Category | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 | 6,000 | ₹2,82,000 |
| Retail Maximum | 2 | 6,000 | ₹2,82,000 |
| S-HNI Minimum | 3 | 9,000 | ₹4,23,000 |
| S-HNI Maximum | 7 | 21,000 | ₹9,87,000 |
| B-HNI Minimum | 8 | 24,000 | ₹11,28,000 |
IPO Reservation Details
| Investor Category | Shares Offered | % of Shares |
|---|---|---|
| Anchor Investor | – | – |
| QIB (Excluding Anchor) | 78,000 | – |
| NII | 29,91,000 | 37.47% |
| Retail | 45,12,000 | 56.52% |
Aritas Vinyl IPO Important Dates
| Event | Date |
|---|---|
| IPO Open Date | January 16, 2026 |
| IPO Close Date | January 20, 2026 |
| Basis of Allotment | January 21, 2026 |
| Refund Initiation | January 22, 2026 |
| Credit to Demat Account | January 22, 2026 |
| IPO Listing Date | January 23, 2026 |
| Bidding Cut-off Time | January 20, 2026 – 5 PM |
Promoters and Shareholding Pattern
The promoters of Aritas Vinyl Limited are Mr. Anilkumar Prakashchandra Agrawal, Mr. Sanjaykumar Kantilal Patel, Mr. Ankit Anilbhai Agrawal, Mr. Mohit Ashokkumar Agrawal, Mr. Rohit Dineshbhai Agrawal, Mr. Rutvik Patel, and Mr. Shubham Sunilbhai Agrawal.
| Particulars | Shares | Shareholding |
|---|---|---|
| Pre-Issue Promoter Holding | 1,26,90,080 | 47.22% |
| Post-Issue Promoter Holding | 1,96,88,680 | 27.99% |
Objects of the Issue
The company plans to utilise the IPO proceeds primarily for business expansion and operational stability. Around ₹4.26 crores will be used towards capital expenditure for a solar power project, which will help reduce energy costs and improve sustainability.
Approximately ₹20.45 crores will be allocated to meet working capital requirements, supporting day-to-day operations and future growth. The remaining funds will be used for general corporate purposes.
About Aritas Vinyl Limited
Aritas Vinyl Private Limited was incorporated in 2020 and is engaged in the manufacturing of technical textiles, mainly artificial leather and PVC-coated fabrics. The company uses advanced transfer coating technology to produce PU synthetic leather used in automotive upholstery, fashion accessories, and interior applications.
Aritas Vinyl focuses on eco-friendly alternatives to animal leather and serves both domestic and international markets, including Greece, Oman, UAE, Sri Lanka, the USA, and SEZs. Its diversified product portfolio and export presence strengthen its long-term growth potential.
Aritas Vinyl IPO Financial Performance
(All figures in ₹ Crores)
| Period Ended | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| FY2023 | 51.42 | 50.20 | 0.99 | 57.95 |
| FY2024 | 69.25 | 67.22 | 1.67 | 76.12 |
| FY2025 | 98.02 | 92.96 | 4.13 | 95.26 |
| Aug 2025 | 40.58 | 37.60 | 2.42 | 98.25 |
Aritas Vinyl IPO Valuation – FY2025
| KPI | Value |
|---|---|
| ROE | 31.23% |
| ROCE | 21.99% |
| Debt to Equity | 1.80 |
| EPS (Basic) | ₹13.14 |
| Return on Net Worth | 20.36% |
| NAV | ₹15.97 |
| P/E Ratio | Not Available |
Peer Comparison
| Company | EPS | PE Ratio | RoNW | NAV | Income |
|---|---|---|---|---|---|
| Mirza International Ltd | 0.93 | 39.71 | (0.86)% | 33.56 | 570.25 Cr |
| Amin Tannery Ltd | 0.03 | 58.67 | 2.27% | 1.19 | 41.64 Cr |
IPO Lead Manager
Interactive Financial Services Ltd.
Company Address
| Details | Information |
|---|---|
| Company Name | Aritas Vinyl Limited |
| Address | Survey No. 1134, Near Elegant Vinyl Pvt Ltd, Daskroi |
| City & State | Ahmedabad, Gujarat |
| PIN Code | 382430 |
| Phone | 9998852850 |
| info@aritasvinyl.com | |
| Website | www.aritasvinyl.com |
IPO Registrar
Bigshare Services Pvt. Ltd.
Phone: +91-22-6263-8200
Email: ipo@bigshareonline.com
Aritas Vinyl IPO FAQs
What is Aritas Vinyl IPO?
Aritas Vinyl IPO is an SME IPO through which the company plans to raise around ₹38 crores. The issue is a book build IPO priced between ₹40 and ₹47 per equity share and will be listed on BSE SME.
When will Aritas Vinyl IPO open for subscription?
The IPO will open on January 16, 2026, and will close on January 20, 2026, for retail, HNI, and QIB investors.
What is the Aritas Vinyl IPO price band?
The price band for Aritas Vinyl IPO is fixed at ₹40 to ₹47 per share.
What is the minimum lot size for Aritas Vinyl IPO?
Retail investors need to apply for a minimum of 6,000 shares, which requires an investment of approximately ₹2,82,000 at the upper price band.
What is the Aritas Vinyl IPO allotment date?
The basis of allotment for Aritas Vinyl IPO is expected to be finalised on January 21, 2026.
When is Aritas Vinyl IPO listing date?
Aritas Vinyl IPO is scheduled to list on BSE SME on January 23, 2026.
What is the investor reservation in Aritas Vinyl IPO?
The IPO allocation is divided as 50% for QIBs, 15% for NIIs (HNIs), and 35% for retail investors.
How can investors apply for Aritas Vinyl IPO?
Investors can apply through ASBA using their bank account, via UPI through stockbrokers, or by submitting an offline application form through their broker.
Is Aritas Vinyl IPO good for long-term investment?
The company has shown strong revenue and profit growth over the last two financial years. However, as this is an SME IPO, it is suitable for investors with a long-term horizon and higher risk tolerance.
Expert Comment
Aritas Vinyl IPO reflects a company with improving financials, rising revenues, and expanding application areas in synthetic leather.
While the SME platform involves higher risk and capital commitment, the strong ROE, consistent profit growth, and focus on sustainable manufacturing make this IPO suitable for long-term investors with a higher risk appetite.
