Comparison between Aritas Vinyl IPO and Kiaasa Retail IPO.
IPO Details
Aritas Vinyl IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Kiaasa Retail IPO is a SME Bookbuilding proposed to list at BSE SME.
Issue Size and Price
The total issue size of Aritas Vinyl IPO is up to ₹35.63 Cr whereas the issue size of the Kiaasa Retail IPO is up to ₹66.24 Cr. The final issue price of Aritas Vinyl IPO is ₹47.00 per share and of Kiaasa Retail IPO is ₹127.00 per share.
| | Aritas Vinyl IPO | Kiaasa Retail IPO |
|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹40.00 per share | ₹121.00 per share |
| Issue Price (Upper) | ₹47.00 per share | ₹127.00 per share |
| Issue Price (Final) | ₹47.00 per share | ₹127.00 per share |
| Discount (Retail) | | |
| Discount (Employee) | | |
| Market Lot Size | 3000 shares | 1000 shares |
| Fresh Issue Size | 65,96,600 shares | 52,16,000 shares |
| Fresh Issue Size (Amount) | up to ₹31.00 Cr | up to ₹66.24 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 | 52,16,000 shares |
| Issue Size Total (Amount) | up to ₹35.63 Cr | up to ₹66.24 Cr |
IPO Timetable
Aritas Vinyl IPO opens on Jan 16, 2026, while Kiaasa Retail IPO opens on Feb 23, 2026. The closing date of Aritas Vinyl IPO and Kiaasa Retail IPO is Jan 20, 2026, and Feb 25, 2026, respectively.
| | Aritas Vinyl IPO | Kiaasa Retail IPO |
|---|
| Anchor Bid Date | | Feb 20, 2026 |
| Issue Open | Jan 16, 2026 | Feb 23, 2026 |
| Issue Close | Jan 20, 2026 | Feb 25, 2026 |
| Basis Of Allotment (Tentative) | Jan 21, 2026 | Feb 26, 2026 |
| Initiation of Refunds (Tentative) | Jan 22, 2026 | Feb 27, 2026 |
| Credit of Share (Tentative) | Jan 22, 2026 | Feb 27, 2026 |
| Listing date (Tentative) | Jan 23, 2026 | Mar 02, 2026 |
| Anchor Lockin End date 1 | | Mar 28, 2026 |
| Anchor Lockin End date 2 | | May 27, 2026 |
Financials & KPIs
Aritas Vinyl IPO P/E ratio is 14.43, as compared to Kiaasa Retail IPO P/E ratio of 19.31.
Shares Offered
In the Aritas Vinyl IPO Retail Individual Investors (RII) are offered 45,12,000 shares while in Kiaasa Retail IPO retail investors are offered 45,12,000 shares. Qualified Institutional Buyers (QIB) are offered 78,000 shares in Aritas Vinyl IPO and 52,000 shares in Kiaasa Retail IPO.
| | Aritas Vinyl IPO | Kiaasa Retail IPO |
|---|
| Anchor Investor Reservation | 0 shares | 0 shares |
| Market Maker Reservation | 4,02,000 shares | 2,75,000 shares |
| QIB | 78,000 shares | 52,000 shares |
| NII | 29,91,000 shares | 20,87,000 shares |
| RII | 45,12,000 shares | 30,76,000 shares |
| Employee | 0 shares | 0 shares |
| Others | | |
| Total | 75,81,000 shares | 52,15,000 shares |
Bids Received (Subscription)
Aritas Vinyl IPO subscribed 2.21x in total, whereas Kiaasa Retail IPO subscribed 2.05x.
