Incorporated in 2020, Aritas Vinyl Ltd. is engaged in the manufacturing and trading of technical textiles such as artificial leather, also known as PU synthetic leather and PVC-coated leather, using transfer coating technology.
Aritas Vinyl IPO 2026 – Dates, Price Band, Lot Size, Review & Full Details
Book Building IPO | BSE SME
IPO Snapshot
16 January 2026
20 January 2026
21 January 2026
23 January 2026 (Tentative)
₹40 – ₹47 per share
3,000 shares
₹37.52 Crore
Bookbuilding IPO (Fresh Issue + OFS)
Aritas Vinyl IPO Key Details
| Particular | Details |
|---|---|
| IPO Dates | 16 to 20 January 2026 |
| Face Value | ₹10 per share |
| Price Band | ₹40 to ₹47 per share |
| Total Issue Size | 79,83,000 shares (₹37.52 Cr) |
| Market Cap (Pre-IPO) | ₹92.54 Crore |
| Listing At | BSE SME |
| Issue Type | Book Building IPO |
| Sale Type | Fresh Capital & OFS |
| Registrar | Bigshare Services Pvt. Ltd. |
| Lead Manager | Interactive Financial Services Ltd. |
| Market Maker | Giriraj Stock Broking Pvt. Ltd. |
IPO Timeline (Tentative)
| Event | Date |
|---|---|
| IPO Opens | Friday, 16 January 2026 |
| IPO Closes | Tuesday, 20 January 2026 |
| Allotment | Wednesday, 21 January 2026 |
| Refunds | Thursday, 22 January 2026 |
| Shares Credited | Thursday, 22 January 2026 |
| Listing | Friday, 23 January 2026 |
IPO Lot Size & Investment Details
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Minimum & Maximum) | 2 | 6,000 | 2,82,000 |
| S-HNI (Minimum) | 3 | 9,000 | 4,23,000 |
| S-HNI (Maximum) | 7 | 21,000 | 9,87,000 |
| B-HNI (Minimum) | 8 | 24,000 | 11,28,000 |
IPO Reservation Details
| Investor Category | Shares Offered |
|---|---|
| Market Maker | 4,02,000 (5.04%) |
| QIB | 78,000 |
| NII (HNI) | 29,91,000 (37.47%) |
| • bNII | 19,95,000 (24.99%) |
| • sNII | 9,96,000 (12.48%) |
| Retail | 45,12,000 (56.52%) |
| Total | 79,83,000 (100%) |
About Aritas Vinyl Ltd.
Incorporated in 2020, Aritas Vinyl Ltd. is engaged in the manufacturing and trading of technical textiles such as artificial leather, also known as PU synthetic leather and PVC-coated leather, using transfer coating technology.
The company serves industries including automotive, fashion and interior design, and exports to markets such as Greece, Oman, UAE, Sri Lanka, USA and SEZs.
The manufacturing facility located at Kubadthal, Ahmedabad spans 6,067 sq. meters with an annual capacity of 7.8 million square meters.
Competitive Strengths
- High quality and customization capabilities
- Experienced promoters with strong industry knowledge
- Fully integrated manufacturing facility
- Rapid production capacity expansion in three years
- Long-standing relationships with customers across industries
Financial Performance (₹ Crore)
| Particular | 31 Aug 2025 | FY25 | FY24 | FY23 |
|---|---|---|---|---|
| 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 |
| Total Assets | 98.25 | 95.26 | 76.12 | 57.95 |
| Total Borrowing | 37.78 | 36.82 | 52.79 | 33.10 |
Objects of the Issue
| Purpose | Amount (₹ Cr) |
|---|---|
| Capital expenditure for solar power project | 4.26 |
| Working capital | 20.45 |
| General corporate purposes | — |
Key Performance Indicators (KPI)
| 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% |
| Post-IPO P/E | 15.93x | |
Promoters
Mr. Anilkumar Prakashchandra Agrawal, Mr. Sanjaykumar Kantilal Patel, Mr. Ankit Anilbhai Agrawal, Mr. Mohit Ashokkumar Agrawal, Mr. Rohit Dineshbhai Agrawal, Mr. Rutvik Patel and Mr. Shubham Sunilbhai Agrawal.
IPO Registrar
Bigshare Services Pvt. Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
IPO Lead Manager
- Interactive Financial Services Ltd.
Lead Manager reports include performance summary and tracker.
Company Contact Details
Aritas Vinyl Ltd.
Survey No. 1134, Near Elegant Vinyl Private Limited,
Daskroi, Ahmedabad, Gujarat – 382430
Phone: 9998852850
Email: info@aritasvinyl.com
Frequently Asked Questions (FAQ)
What is the Aritas Vinyl IPO date?
The IPO opens on 16 January 2026 and closes on 20 January 2026.
What is the price band of Aritas Vinyl IPO?
The price band is ₹40 to ₹47 per share.
What is the lot size of Aritas Vinyl IPO?
The minimum application size is 6,000 shares.
When will Aritas Vinyl IPO allotment be finalised?
The allotment is expected on 21 January 2026.
Where will Aritas Vinyl IPO list?
The IPO will list on BSE SME.