Comparison between Aritas Vinyl IPO and Flysbs Aviation IPO.
Aritas Vinyl IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Flysbs Aviation IPO is a SME Bookbuilding proposed to list at NSE SME.
| Aritas Vinyl IPO | Flysbs Aviation IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Bookbuilding |
| Listing At | BSE SME | NSE SME |
| Lead Managers | Interactive Financial Services Ltd. | Vivro Financial Services Pvt.Ltd. |
| Registrar | Bigshare Services Pvt.Ltd. | MUFG Intime India Pvt.Ltd. |
| Market Maker | Giriraj Stock Broking Pvt.Ltd. | Giriraj Stock Broking Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | Anchor Investor | |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Aritas Vinyl IPO is up to ₹35.63 Cr whereas the issue size of the Flysbs Aviation IPO is up to ₹97.36 Cr. The final issue price of Aritas Vinyl IPO is ₹47.00 per share and of Flysbs Aviation IPO is ₹225.00 per share.
| Aritas Vinyl IPO | Flysbs Aviation IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹40.00 per share | ₹210.00 per share |
| Issue Price (Upper) | ₹47.00 per share | ₹225.00 per share |
| Issue Price (Final) | ₹47.00 per share | ₹225.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 3000 shares | 600 shares |
| Fresh Issue Size | 65,96,600 shares | 43,27,200 shares |
| Fresh Issue Size (Amount) | up to ₹31.00 Cr | up to ₹97.36 Cr |
| OFS Issue Size | 9,84,400 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹4.63 Cr | up to ₹0.00 Cr |
| Issue Size Total | 75,81,000 shares | 43,27,200 shares |
| Issue Size Total (Amount) | up to ₹35.63 Cr | up to ₹97.36 Cr |
Aritas Vinyl IPO opens on Jan 16, 2026, while Flysbs Aviation IPO opens on Aug 01, 2025. The closing date of Aritas Vinyl IPO and Flysbs Aviation IPO is Jan 20, 2026, and Aug 05, 2025, respectively.
| Aritas Vinyl IPO | Flysbs Aviation IPO | |
|---|---|---|
| Anchor Bid Date | Jul 31, 2025 | |
| Issue Open | Jan 16, 2026 | Aug 01, 2025 |
| Issue Close | Jan 20, 2026 | Aug 05, 2025 |
| Basis Of Allotment (Tentative) | Jan 21, 2026 | Aug 06, 2025 |
| Initiation of Refunds (Tentative) | Jan 22, 2026 | Aug 07, 2025 |
| Credit of Share (Tentative) | Jan 22, 2026 | Aug 07, 2025 |
| Listing date (Tentative) | Jan 23, 2026 | Aug 08, 2025 |
| Anchor Lockin End date 1 | Sep 04, 2025 | |
| Anchor Lockin End date 2 | Nov 03, 2025 |
Aritas Vinyl IPO P/E ratio is 14.43, as compared to Flysbs Aviation IPO P/E ratio of 10.1.
| Aritas Vinyl IPO | Flysbs Aviation IPO | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated)
| Company Financials (Restated)Flysbs Aviation Ltd.'s revenue increased by 83% and profit after tax (PAT) rose by 153% between the financial year ending with March 31, 2025 and March 31, 2024.
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 47.22 | 44.08 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 27.99 | 32.47 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 14.43 | 10.1 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹92.54 Cr. | ₹389.33 Cr. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 31.23% | 32.25% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 21.99% | 41.80% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 1.80 | 0.14 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹3.26 | ₹22.28 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 20.36% | 32.25% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Aritas Vinyl IPO Retail Individual Investors (RII) are offered 45,12,000 shares while in Flysbs Aviation IPO retail investors are offered 45,12,000 shares. Qualified Institutional Buyers (QIB) are offered 78,000 shares in Aritas Vinyl IPO and 8,65,800 shares in Flysbs Aviation IPO.
| Aritas Vinyl IPO | Flysbs Aviation IPO | |
|---|---|---|
| Anchor Investor Reservation | 0 shares | 12,96,000 shares |
| Market Maker Reservation | 4,02,000 shares | 2,29,800 shares |
| QIB | 78,000 shares | 8,65,800 shares |
| NII | 29,91,000 shares | 6,49,800 shares |
| RII | 45,12,000 shares | 15,15,600 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 75,81,000 shares | 43,27,200 shares |
Aritas Vinyl IPO subscribed 2.21x in total, whereas Flysbs Aviation IPO subscribed 318.68x.
| Aritas Vinyl IPO | Flysbs Aviation IPO | |
|---|---|---|
| QIB (times) | 1.00x | 191.93x |
| NII (times) | 1.24x | 563.64x |
| Big NII (times) | 1.28x | 683.93x |
| Small NII (times) | 1.15x | 323.07x |
| RII (times) | 2.88x | 286.06x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 2.21x | 318.68x |
