Bookbuilding IPO | ₹38 Cr | Listed at BSE SME
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 bidding started from Jan 16, 2026 and ended on Jan 20, 2026. The allotment for Aritas Vinyl IPO was finalized on Jan 21, 2026. The shares got listed on BSE SME on Jan 23, 2026.
Aritas Vinyl IPO price band is set at ₹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.
Interactive Financial Services Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Giriraj Stock Broking Pvt.Ltd..
Refer to Aritas Vinyl IPO RHP for detailed Information.
IPO Open
Fri, Jan 16, 2026
IPO Close
Tue, Jan 20, 2026
Issue Price
₹47 per share
Market Cap (Pre-IPO)
₹92.54 Cr
| IPO Date | 16 to 20 Jan, 2026 |
| Listed on | Fri, Jan 23, 2026 |
| Face Value | ₹10 per share |
| Price Band | ₹40 to ₹47 |
| Issue Price | ₹47 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital & OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 79,83,000 shares (agg. up to ₹38 Cr) |
| Reserved for Market Maker | 4,02,000 shares Giriraj Stock Broking Pvt.Ltd. (agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 65,96,600 shares (agg. up to ₹31 Cr) |
| Offer for Sale | 9,84,400 shares of ₹10 (agg. up to ₹5 Cr) |
| Net Offered to Public | 75,81,000 shares (agg. up to ₹36 Cr) |
| Share Holding Pre Issue | 1,26,90,080 shares |
| Share Holding Post Issue | 1,96,88,680 shares |
| BSE Script Code | 544683 |
| ISIN | INE1D8001016 |
Aritas Vinyl IPO offers total 79,83,000 shares. Out of which 78,000 (0.98%) allocated to QIB, 29,91,000 (37.47%) allocated to NII 45,12,000 (56.52%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 4,02,000 (5.04%) |
| QIB Shares Offered | 78,000 (0.98%) |
| NII (HNI) Shares Offered | 29,91,000 (37.47%) |
| − bNII > ₹10L | 19,95,000 (24.99%) |
| − sNII < ₹10L | 9,96,000 (12.48%) |
| Retail Shares Offered | 45,12,000 (56.52%) |
| Total Shares Offered | 79,83,000 (100.00%) |
Investors can bid for a minimum of 6,000 shares and in multiples of 3,000 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 6,000 | ₹2,82,000 |
| Individual investors (Retail) (Max) | 2 | 6,000 | ₹2,82,000 |
| S-HNI (Min) | 3 | 9,000 | ₹4,23,000 |
| S-HNI (Max) | 7 | 21,000 | ₹9,87,000 |
| B-HNI (Min) | 8 | 24,000 | ₹11,28,000 |
Incorporated in 2020, Aritas Vinyl 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:
Competitve Strengths:
| 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 ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Capital Expenditure for Solar Power Project | 4.26 |
| 2 | Working Capital | 20.45 |
| 3 | General corporate purposes | 4.65 |
| KPI | Aug 31, 2025 | Mar 31, 2025 |
|---|---|---|
| ROE | 11.16% | 31.23% |
| ROCE | 11.14% | 21.99% |
| Debt/Equity | 1.65 | 1.80 |
| RoNW | 25.51% | 20.36% |
| PAT Margin | 5.97% | 4.23% |
| EBITDA Margin | 11.20% | 8.81% |
| Price to Book Value | 2.62 | 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% |
| Market Cap | ₹92.54 Cr. |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manger Fees including Underwriting Commission. | 2.88 |
| 2 | Brokerage, selling commission and Marketing | 0.30 |
| 3 | Registrar to the Issue | 0.02 |
| 4 | Legal Advisors | 0.02 |
| 5 | Advertising and marketing expenses | 0.05 |
| 6 | Regulators including stock exchanges | 0.10 |
| 7 | Printing and distribution of issue stationary | 0.05 |
| 8 | Others (Market Making fees etc.) | 0.12 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹47.00 |
| Open | ₹47.00 |
| Low | ₹44.65 |
| High | ₹47.00 |
| Last Trade | ₹44.65 |
Lead Manager Reports
Aritas Vinyl IPO is a SME IPO of 79,83,000 equity shares of the face value of ₹10 aggregating up to ₹38 Crores. The issue is priced at ₹47 per share. The minimum order quantity is 3000.
The IPO opens on Fri, Jan 16, 2026, and closes on Tue, Jan 20, 2026.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Aritas Vinyl IPO using UPI as a payment gateway. Zerodha customers can apply in Aritas Vinyl IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Aritas Vinyl IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Aritas Vinyl IPO opens on Fri, Jan 16, 2026 and closes on Tue, Jan 20, 2026.
Aritas Vinyl IPO lot size is 3000, and the minimum amount required for application is ₹2,82,000, with 2 lots being the minimum application size.
You can apply in Aritas Vinyl IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Aritas Vinyl IPO will be done on Wednesday, January 21, 2026, and the allotted shares will be credited to your demat account by Thu, Jan 22, 2026. Check the Aritas Vinyl IPO allotment status.
The Aritas Vinyl IPO listing date is on Fri, Jan 23, 2026.
