Aritas Vinyl IPO
Bookbuilding IPO | ₹38.00 Cr | Listing at BSE, NSE
IPO Open
Fri, Jan 16, 2026
IPO Close
Tue, Jan 20, 2026
Price Band
₹40.00 to ₹47.00
Market Cap (Pre-IPO)
₹92.54 Cr
IPO Details
| IPO Date | Jan 16, 2026 to Jan 20, 2026 |
| Listing Date | Tentative: Jan 23, 2026 |
| Face Value | ₹10.00 per share |
| Price Band | ₹40.00 to ₹47.00 |
| Lot Size | 3000 Shares (Minimum: ₹141,000.00) |
| Sale Type | Offer For Sale + Fresh Issue |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Issue Size | ₹38.00 Crores |
| Total Shares Offered | 7,983,000 shares |
| Fresh Issue | 6,596,600 shares |
| Offer For Sale | 984,400 shares |
Aritas Vinyl IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | 78,000 |
| Retail Shares Offered | 45,12,000 (56.52%) |
| NII Shares Offered | 29,91,000 (37.47%) |
Aritas Vinyl IPO Lot Size
Investors can bid for a minimum of 6,000 shares and in multiples of 3,000 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 6,000 | ₹282,000 |
| Retail (Max) | 2 | 6,000 | ₹282,000 |
| S-HNI (Min) | 3 | 9,000 | ₹423,000 |
| S-HNI (Max) | 7 | 21,000 | ₹987,000 |
| B-HNI (Min) | 8 | 24,000 | ₹1,128,000 |
Aritas Vinyl Financial Information (Restated Consolidated)
| Period Ended | 31 Aug 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 98.25 | 95.26 | 76.12 | 57.95 |
| Total Income | 40.58 | 98.02 | 69.25 | 51.42 |
| Profit After Tax | 2.42 | 4.13 | 1.67 | 0.99 |
| EBITDA | 4.55 | 8.63 | 4.65 | 3.09 |
| NET Worth | 22.77 | 20.27 | 5.99 | 4.32 |
| Reserves and Surplus | 10.21 | 7.79 | 3.49 | 1.82 |
| Total Borrowing | 37.78 | 36.82 | 52.79 | 33.10 |
Amount in ₹ Cr
Key Performance Indicators
As of Monday, March 31, 2025| KPI | Values |
|---|---|
| ROE (Return on Equity) | 31.23% |
| ROCE (Return on Capital Employed) | 21.99% |
| Debt/Equity | 1.80 |
| RoNW (Return on Net Worth) | 20.36% |
| PAT Margin (Profit After Tax Margin) | 4.23% |
| EBITDA Margin | 8.81% |
| Price to Book Value | 2.94 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 3.26 | 2.95 |
| P/E (x) | 14.43 | 15.93 |
| Promoter Holding | 47.22% | 27.99% |
Company Promoters
- 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 are the promoters of the company.
Company Overview
Incorporated in 2020, Aritas Vinyl Private Limited is engaged in the manufacturing and trading of technical textile, such as Artificial leather also known as PU Synthetic leather and PVC-coated leather, using the latest technology known as Transfer Coating Technology.
The company produces artificial leather, PVC vinyl, and related products, serving various industries such as automotive, fashion, and interior design.
The company supplies products to distributors, wholesalers, manufacturers, and exports to countries like Greece, Oman, UAE, Sri Lanka, USA, and SEZs, promoting synthetic leather over traditional animal leather.
The manufacturing facility is located at Kubadthal, Ahmedabad spans 6,067 sq. meters, with a 7.8 million square meters annual capacity, efficiently catering to diverse client requirements.
Products:
- Automotive Upholstery: Polyethylene leather and PVC vinyl for seats, door trims, steering wheel covers, and more.
- Fashion Accessories: Artificial leather materials for bags, wallets, laptop sleeves, and purses, available in various colors and textures.
- Interior Design: PVC vinyl solutions for wall coverings and upholstery, catering to both residential and commercial spaces
Company Strengths
- Quality & Customization.
- Experienced Promoters with sound market knowledge.
- Fully integrated manufacturing plant set up at a strategic location.
- Enhanced production capacity within a span of three years.
- Long-standing relationship with our customers from diverse industry.
Use of Proceeds
| 1) | Capital Expenditure for Solar Power Project | 4.26 |
| 2) | Working Capital | 20.45 |
| 3) | General corporate purposes |
Objectives
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
Aritas Vinyl IPO Peer Comparison
Aritas Vinyl peer comparison with similar listed entities. (As on March 31, 2025)| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Aritas Vinyl Limited | 13.14 | 13.14 | 15.97 | 0.00 | 20.39 | 0.00 | Standalone |
| Mirza International Ltd. | 0.93 | 0.93 | 33.56 | 39.71 | -0.86 | 1.09 | - |
| Amin Tannery Ltd | 0.03 | 0.03 | 1.19 | 58.67 | 2.27 | 1.00 | - |
Quick Info
| Sector | Manufacturing |
| Exchange | BSE, NSE |
| Market Cap (Pre-IPO) | ₹92.54 Cr |
| GMP | 0.00 |
Important Dates
| IPO Open | Jan 16, 2026 |
| IPO Close | Jan 20, 2026 |
| Allotment Date | Jan 21, 2026 |
| Credit to Demat | Jan 22, 2026 |
| Listing Date | Tentative: Jan 23, 2026 |
Lead Manager(s)
Interactive Financial Services Ltd.
Registrar
Bigshare Services Pvt.Ltd.
+91-22-6263 8200
Description
Aritas Vinyl IPO is a book build issue of ₹37.52 crores. The issue is a combination of fresh issue of 0.70 crore shares aggregating to ₹32.89 crores and offer for sale of 0.10 crore shares aggregating to ₹4.63 crores.
Aritas Vinyl IPO opens for subscription on Jan 16, 2026 and closes on Jan 20, 2026. The allotment for the Aritas Vinyl IPO is expected to be finalized on Jan 21, 2026. Aritas Vinyl IPO will list on BSE SME with a tentative listing date fixed as Jan 23, 2026.
Aritas Vinyl IPO price band is set at ₹40 to ₹47 per share. The lot size for an application is 3,000. The minimum amount of investment required by an individual investor (retail) is ₹2,82,000 (6,000 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (9,000 shares), amounting to ₹4,23,000.