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Aritas Vinyl IPO vs Kiaasa Retail IPO

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.

 Aritas Vinyl IPOKiaasa Retail IPO
LogoAritas Vinyl IPO LogoKiaasa Retail IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtBSE SMEBSE SME
Lead ManagersInteractive Financial Services Ltd.Expert Global Consultants Pvt.Ltd.
RegistrarBigshare Services Pvt.Ltd.Purva Sharegistry (India) Pvt.Ltd.
Market MakerGiriraj Stock Broking Pvt.Ltd.Prabhat Financial Services Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Final ProspectusFinal Prospectus Final Prospectus
Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

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 IPOKiaasa 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 Size3000 shares1000 shares
Fresh Issue Size65,96,600 shares52,16,000 shares
Fresh Issue Size (Amount)up to ₹31.00 Crup to ₹66.24 Cr
OFS Issue Size9,84,400 shares0 shares
OFS Issue Size (Amount)up to ₹4.63 Crup to ₹0.00 Cr
Issue Size Total75,81,000 shares52,16,000 shares
Issue Size Total (Amount)up to ₹35.63 Crup 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 IPOKiaasa Retail IPO
Anchor Bid DateFeb 20, 2026
Issue OpenJan 16, 2026Feb 23, 2026
Issue CloseJan 20, 2026Feb 25, 2026
Basis Of Allotment (Tentative)Jan 21, 2026Feb 26, 2026
Initiation of Refunds (Tentative)Jan 22, 2026Feb 27, 2026
Credit of Share (Tentative)Jan 22, 2026Feb 27, 2026
Listing date (Tentative)Jan 23, 2026Mar 02, 2026
Anchor Lockin End date 1Mar 28, 2026
Anchor Lockin End date 2May 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.

 Aritas Vinyl IPOKiaasa Retail IPO
Financials

Company Financials (Restated)

Period Ended31 Aug 202531 Mar 202531 Mar 202431 Mar 2023
Assets98.2595.2676.1257.95
Total Income40.5898.0269.2551.42
Profit After Tax2.424.131.670.99
EBITDA4.558.634.653.09
NET Worth22.7720.275.994.32
Reserves and Surplus10.217.793.491.82
Total Borrowing37.7836.8252.7933.10
Amount in ₹ Crore

Company Financials (Restated)

Period Ended30 Sep 202531 Mar 202531 Mar 202431 Mar 2023
Assets181.81144.3095.4254.26
Total Income58.01120.7085.1950.18
Profit After Tax6.648.385.742.46
EBITDA12.2615.4910.014.95
NET Worth47.3140.6712.712.96
Reserves and Surplus34.5727.938.212.46
Total Borrowing43.0328.6715.8821.17
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)47.2271.84
Promoter Shareholding (Post-Issue)27.9950.22
P/E Ratio14.4319.31
Market Cap₹92.54 Cr.₹231.51 Cr.
ROE31.23%42.36%
ROCE21.99%20.34%
Debt/Equity1.800.70
EPS₹3.26₹6.58
RoNW20.36%20.60%

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 IPOKiaasa Retail IPO
Anchor Investor Reservation0 shares0 shares
Market Maker Reservation4,02,000 shares2,75,000 shares
QIB78,000 shares52,000 shares
NII29,91,000 shares20,87,000 shares
RII45,12,000 shares30,76,000 shares
Employee0 shares0 shares
Others
Total75,81,000 shares52,15,000 shares

Bids Received (Subscription)

Aritas Vinyl IPO subscribed 2.21x in total, whereas Kiaasa Retail IPO subscribed 2.05x.

 Aritas Vinyl IPOKiaasa Retail IPO
QIB (times)1.00x14.98x
NII (times)1.24x1.16x
Big NII (times)1.28x1.29x
Small NII (times)1.15x0.90x
RII (times)2.88x2.43x
Employee (times)
Other (times)
Total (times)2.21x2.05x

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Aritas Vinyl IPOKiaasa Retail IPO
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Compare:

Aritas Vinyl IPO Vs Kiaasa Retail IPO