Comparison between Aritas Vinyl IPO and Shakti Polytarp IPO.
Aritas Vinyl IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Shakti Polytarp IPO is a SME Bookbuilding proposed to list at BSE SME.
| Aritas Vinyl IPO | Shakti Polytarp IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Bookbuilding |
| Listing At | BSE SME | BSE SME |
| Lead Managers | Interactive Financial Services Ltd. | NEXGEN Financial Solutions Pvt. Ltd. |
| Registrar | Bigshare Services Pvt.Ltd. | Skyline Financial Services Pvt.Ltd. |
| Market Maker | Giriraj Stock Broking Pvt.Ltd. | |
| DRHP | DRHP  | DRHP |
| RHP | RHP | |
| Final Prospectus | Final Prospectus | |
| Anchor Investor | ||
| 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 Shakti Polytarp IPO is up to ₹0.00 Cr. The final issue price of Aritas Vinyl IPO is ₹47.00 per share and of Shakti Polytarp IPO is .
| Aritas Vinyl IPO | Shakti Polytarp IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹40.00 per share | |
| Issue Price (Upper) | ₹47.00 per share | |
| Issue Price (Final) | ₹47.00 per share | |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 3000 shares | |
| Fresh Issue Size | 65,96,600 shares | 51,15,000 shares |
| Fresh Issue Size (Amount) | up to ₹31.00 Cr | up to ₹0.00 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 | 51,15,000 shares |
| Issue Size Total (Amount) | up to ₹35.63 Cr | up to ₹0.00 Cr |
Aritas Vinyl IPO opens on Jan 16, 2026, while Shakti Polytarp IPO opens on . The closing date of Aritas Vinyl IPO and Shakti Polytarp IPO is Jan 20, 2026, and , respectively.
| Aritas Vinyl IPO | Shakti Polytarp IPO | |
|---|---|---|
| Anchor Bid Date | ||
| Issue Open | Jan 16, 2026 | |
| Issue Close | Jan 20, 2026 | |
| Basis Of Allotment (Tentative) | Jan 21, 2026 | |
| Initiation of Refunds (Tentative) | Jan 22, 2026 | |
| Credit of Share (Tentative) | Jan 22, 2026 | |
| Listing date (Tentative) | Jan 23, 2026 | |
| Anchor Lockin End date 1 | ||
| Anchor Lockin End date 2 |
Aritas Vinyl IPO P/E ratio is 14.43, as compared to Shakti Polytarp IPO P/E ratio of .
| Aritas Vinyl IPO | Shakti Polytarp IPO | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated)
| Company Financials (Restated)Shakti Polytarp Ltd.'s revenue increased by 168% and profit after tax (PAT) rose by 406% between the financial year ending with March 31, 2025 and March 31, 2024.
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 47.22 | 90.9 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 27.99 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 14.43 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹92.54 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 31.23% | 34.68% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 21.99% | 14.87% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 1.80 | 2.70 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹3.26 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 20.36% | 34.68% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Aritas Vinyl IPO Retail Individual Investors (RII) are offered 45,12,000 shares while in Shakti Polytarp IPO retail investors are offered 45,12,000 shares. Qualified Institutional Buyers (QIB) are offered 78,000 shares in Aritas Vinyl IPO and 0 shares in Shakti Polytarp IPO.
| Aritas Vinyl IPO | Shakti Polytarp IPO | |
|---|---|---|
| Anchor Investor Reservation | 0 shares | 0 shares |
| Market Maker Reservation | 4,02,000 shares | 2,70,000 shares |
| QIB | 78,000 shares | 0 shares |
| NII | 29,91,000 shares | 0 shares |
| RII | 45,12,000 shares | 0 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 75,81,000 shares | 0 shares |
Aritas Vinyl IPO subscribed 2.21x in total, whereas Shakti Polytarp IPO subscribed .
| Aritas Vinyl IPO | Shakti Polytarp IPO | |
|---|---|---|
| QIB (times) | 1.00x | |
| NII (times) | 1.24x | |
| Big NII (times) | 1.28x | |
| Small NII (times) | 1.15x | |
| RII (times) | 2.88x | |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 2.21x |
