- Price band
- ₹47per share
- Issue size
- ₹37.52 Cr79,83,000 shares
- Face value
- ₹10per equity share
- Lot size
- 3,000 sharesMin. ₹1.41 L at the upper price
- OpensFri, 2026
- ClosesTue, 2026
- AllotmentWed, 2026
- ListingFri, 2026
Dates marked in the offer document as tentative. Times in IST.
Information only, not investment advice. This page provides information compiled from official offer documents for information purposes only. It is not investment advice or a recommendation to apply for, buy or sell any security. We are not a SEBI-registered investment adviser or research analyst. Investments in IPOs are subject to market risks; read the offer document carefully before investing.
Issue details
- Issue type
- Book built, fresh issue and offer for sale
- Fresh issue
- 69,98,600 shares (₹32.89 Cr)
- Offer for sale
- 9,84,400 shares (₹4.63 Cr)
- Total issue
- 79,83,000 shares (₹37.52 Cr)
- Market maker portion
- 4,02,000 shares
- Face value
- ₹10
- Listing at
- BSE SME
Source: ProspectusUpdated
Reservation
Share of the total issue- Retail56.5%
- NII37.5%
- QIB1.0%
- Market maker5.0%
| Category | Shares | Of net offer | Stated in RHP |
|---|---|---|---|
| Retail individual investors | 45,12,000 | 59.52% | 35% |
| Non-institutional investors (NII) | 29,91,000 | 39.45% | 15% |
| Qualified institutional buyers (QIB) | 78,000 | 1.03% | 50% |
| Market maker | 4,02,000 | — | — |
Source: ProspectusUpdated
Subscription
Category-wise subscription is published by the exchanges while the issue is open. It appears here once the figures are added.
Valuation
FY 2024-25, pre-issue- EPS (basic)
- ₹13.14
- EPS (basic)
- ₹3.77
- P/E
- 12.47×
- RoNW
- 20.39%
- NAV per share (After IPO)
- ₹26.61
Source: ProspectusUpdated
Financials
Standalone, restated · ₹ crore| Period ended | 31 Mar 2025FY 2024-25 | 31 Mar 2024FY 2023-24 | 31 Mar 2023FY 2022-23 |
|---|---|---|---|
| Revenue from operations | 97.67 | 69.21 | 51.40 |
| Total income | 98.02 | 69.25 | 51.42 |
| EBITDA | 8.63 | 4.65 | 3.09 |
| Profit after tax | 4.13 | 1.67 | 0.99 |
| Total borrowing | 23.08 | 20.31 | 9.94 |
FY 2024-25 vs FY 2023-24: revenue +41.1%, profit after tax +148.2%.
Source: ProspectusUpdated
About the company
The company manufactures artificial leather, including PU synthetic and PVC-coated leather, using a transfer coating process. Its products are used across industries such as automotive seating, footwear, furnishings, bags and stationery. It sells through distributors and across India.
- Incorporated
- 2020
- Industry
- Industrial Manufacturing
- CIN
- U19200GJ2020PLC113437
- Website
- aritasvinyl.com
Source: ProspectusUpdated
Promoters and shareholders
| Name | Before issue | After issue | Shares offered |
|---|---|---|---|
| Anilkumar Prakashchandra Agrawal | — | — | 1,26,214 |
| Sanjaykumar Kantilal Patel | — | — | 96,373 |
| Mohit Ashokkumar Agrawal | — | — | 1,00,803 |
| Ankit Anilbhai Agrawal | — | — | 59,353 |
| Shubham Sunilbhai Agrawal | — | — | 59,352 |
Source: ProspectusUpdated
Objects of the issue
₹ crore| Purpose | Amount |
|---|---|
| Capital expenditure for a solar power project | 4.26 |
| Working capital | 20.45 |
| General corporate purposes | 4.66 |
Source: ProspectusUpdated
Peer comparison
As listed in the offer document| Company | EPS | P/E | RoNW | NAV per share |
|---|---|---|---|---|
| Aritas Vinyl LimitedIssuer | ₹3.77 | 12.47× | 20.39% | ₹15.97 |
| Mirza International Limited | ₹0.93 | 39.71× | -0.86% | ₹33.56 |
| Amin Tannery Limited | ₹0.03 | 58.67× | 2.27% | ₹1.19 |
Source: ProspectusUpdated
Strengths and risks
Our summary of what the offer document statesStrengths
- Revenue has grown strongly over the last three fiscal years.
- Operates a transfer-coating process producing a wide range of colours, textures and patterns.
- Sells to a broad customer base through distributors and across India.
- Plans to add solar capacity to reduce power costs.
Risks
- The issue price may not reflect the market price after listing and trading may not be active.
- Working capital needs are high, with significant reliance on bank borrowings and supplier credit.
- Debt-to-equity ratio was high in earlier years.
- The company has changed statutory auditors in recent years.
- Proceeds depend on management estimates that have not been independently appraised.
Source: ProspectusUpdated
Documents
Contacts
Source: ProspectusUpdated
Allotment status
Check whether shares were allotted on the official pages below, using your PAN, application number or DP/client ID. Results appear once the basis of allotment is finalised.
- Allotment
- Refunds
- Demat credit
- Listing
Source: ProspectusUpdated
After listing
Listing price, day-one high and low, and the change from the issue price (set at allotment) appear here after the shares list on BSE SME.
Frequently asked questions
When does the Aritas Vinyl IPO open and close?
According to the Prospectus, the issue opens on Friday, 16 January 2026 and closes on Tuesday, 20 January 2026. These dates are tentative.
What is the Aritas Vinyl IPO price band?
The price band is ₹47 per share, with a face value of ₹10.
What is the lot size of the Aritas Vinyl IPO?
One lot is 3,000 shares, which is ₹1.41 L at ₹47 per share.
Where will Aritas Vinyl shares list?
On BSE SME. The tentative listing date is Friday, 23 January 2026.
Who is the registrar of the issue?
Bigshare Services Private Limited (SEBI registration INR000001385). Allotment status is checked on the registrar's website.
How do I check the Aritas Vinyl IPO allotment status?
The basis of allotment is expected to be finalised on Wednesday, 21 January 2026. After that, search by PAN, application number or DP/client ID on the registrar's website (Bigshare Services Private Limited) or the BSE website. Shares that are allotted are credited to your demat account; for an application that is not allotted, the blocked amount is released.
How will the money raised be used?
₹4.26 Cr for capital expenditure for a solar power project, ₹20.45 Cr for working capital, ₹4.66 Cr for general corporate purposes.
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Spotted something wrong?
Our data comes from official offer documents, but mistakes can slip through. Report an error and tell us which figure looks wrong and where you saw the correct one (the offer-document page number helps). For anything else, see Contact.