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Aritas Vinyl IPO
Price Band
₹40.0–47.0
Issue Size
₹37.52 Cr
Lot Size
3,000 shares
Min Investment
₹282,000
2 LOTS MIN
GMP
—
Issue Price
₹47.0
Aritas Vinyl IPO AI Summary
- Aritas Vinyl IPO is listed on BSE SME in the Leather And Leather Products sector.
- Price band: ₹40.0–₹47.0 per share, lot size 3,000 shares (min. investment ₹282,000, 2 lots minimum).
- Subscription window: 16 Jan–20 Jan 2026, listing on 23 Jan 2026.
Aritas Vinyl Limited is a young company in the synthetic leather manufacturing sector, with a focus on innovation and quality. Despite a recent dip in income, the company has shown growth in previous years and aims to utilize IPO proceeds for expansion and operational needs.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Aritas Vinyl IPO Grey Market Premium (GMP) Today
GMP not available yet
Grey Market Premium is updated daily. Check back closer to the listing date.
About the Company
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: Automotive Upholstery: Polyethylene leather and PVC vinyl for seats, door trims, steering wheel covers, and more. Fashion Accessories: Artificial leather materials for bags, wallets, laptop sleeves, and purses, available in various colors and textures. Interior Design: PVC vinyl solutions for wall coverings and upholstery, catering to both residential and commercial spaces. Competitve Strengths: Quality & Customization. Experienced Promoters with sound market knowledge. Fully integrated manufacturing plant set up at a strategic location. Enhanced production capacity within a span of three years. Long-standing relationship with our customers from diverse industry.
Company Financials (₹ Cr)
As of 2025-08-31
| 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 |
Key Ratios
EPS
₹3.26
NAV
₹15.97
ROE
31.23%
ROCE
21.99%
RoNW
20.36%
P/B Value
2.94
P/E Ratio
14.43
Market Cap
₹92.54 Cr
PAT Margin
4.23%
Debt/Equity
1.80
Promoters
Anilkumar Prakashchandra Agrawal, Sanjaykumar Kantilal Patel, Ankit Anilbhai Agrawal, Mohit Ashokkumar Agrawal, Rohit Dineshbhai Agrawal, Rutvik Patel and Shubham Sunilbhai Agrawal
Objects of the Issue
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 4 Issue Expenses 3.54 Total 32.89
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹51.42 Cr in the year ended 31 Mar 2023, increasing to ₹69.25 Cr by 31 Mar 2024, then rising further to ₹98.02 Cr in the year ending 31 Mar 2025. However, in the latest period ending 31 Aug 2025, total income decreased to ₹40.58 Cr. This recent figure is for a period of less than a year and is not directly comparable to the full fiscal years.
Profit Trend
Profit after tax was ₹0.99 Cr for the year ending 31 Mar 2023, which rose to ₹1.67 Cr by 31 Mar 2024. This continued to grow to ₹4.13 Cr in the year ending 31 Mar 2025. In the latest period ending 31 Aug 2025, profit after tax decreased to ₹2.42 Cr, but this is a 9-month figure and not directly comparable to the full fiscal years.
Grey Market Premium, Explained
The grey market refers to the unofficial trading of shares before they are listed on the stock exchange. It provides an indication of the expected demand and price of the IPO shares. The Grey Market Premium (GMP) is the difference between the expected listing price and the issue price, reflecting investor sentiment.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and risk tolerance. It is essential to consider the company's growth potential, market position, and financial health before making investment decisions.
Who May Want to Wait
Investors who prefer stable and established companies with predictable earnings might want to avoid IPOs like this, which can carry higher risks due to their relatively short operating history and potential market fluctuations.
IPO Timeline, Explained
The IPO process includes several key dates: the opening date for subscription is on 16 January 2026, and it closes on 20 January 2026. Allotment of shares is expected on 21 January 2026, with the listing date set for 23 January 2026.
Listing Gains — The Risk
Listing-day gains can be unpredictable and are influenced by various factors, including market conditions, investor sentiment, and the company's performance. While some IPOs may see a rise on their listing day, others may not, and investors should be prepared for the possibility of price volatility.
This evaluation is generated from Aritas Vinyl's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is the price band of Aritas Vinyl IPO?
The price band of Aritas Vinyl IPO is ₹40.0–₹47.0 per share.
When does Aritas Vinyl IPO open and close?
Aritas Vinyl IPO opens on 16 January 2026 and closes on 20 January 2026.
When does Aritas Vinyl IPO list on the stock exchange?
Aritas Vinyl IPO listed on 23 January 2026 at ₹47.0.
What is the lot size for Aritas Vinyl IPO?
The lot size for Aritas Vinyl IPO is 3000 shares, requiring a minimum investment of ₹282,000 (2 lots).
What is the price band for Aritas Vinyl's IPO?
The price band for Aritas Vinyl's IPO is ₹40.0 to ₹47.0.
What is the minimum investment required?
The minimum investment required is ₹282,000, which corresponds to a lot size of 3000 shares.
When is the allotment date for shares?
The allotment date for shares is set for 21 January 2026.
When will Aritas Vinyl be listed?
Aritas Vinyl is expected to be listed on 23 January 2026.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected demand for the shares before they are officially listed.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
16 Jan 2026
Close
20 Jan 2026
Allotment
21 Jan 2026
Listing
23 Jan 2026
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