Aritas Vinly is engaged in the manufacturing of technical textiles, primarily artificial leather, including PU synthetic leather and PVC-coated leather, using advanced transfer coating technology. Â The Company markets its products through distributors, wholesalers and manufacturers, and also exports to international markets such as Greece, Oman, UAE, Sri Lanka and the USA, including supplies to SEZ units at GIDC Electronic Park, Gandhinagar and Cochin SEZ. Synthetic leather provides an eco-friendly substitute to animal leather and finds wide application across automotive interiors, footwear, upholstery, fashion accessories, furnishings and stationery products.
Price Band₹40 - ₹47 |
Dates16 Jan - 20 Jan |
GMP₹0 (0.00%) |
Subscriptions2.15 times |
Issue Size₹37.52 Crs |
16 Jan 26
20 Jan 26
21 Jan 26
22 Jan 26
22 Jan 26
23 Jan 26
Price Band₹40 - ₹47 |
Listing AtBSE SME |
IPO Issue Type100% Book Built Offer |
Fresh Issue₹32.89 Cr (0.70 Cr Shares) |
Offer For Sale₹4.63 Cr (0.10 Cr Shares) |
Total Issue₹37.52 Cr (0.80 Cr Shares) |
Face Value₹10 per equity share |
| Investor Category | Lot | Shares | Amount | |
|---|---|---|---|---|
| Individual Investor |
Minimum
2
6,000
2,82,000
Maximum
2
6,000
2,82,000
|
|||
| Small HNI |
Minimum
3
9,000
4,23,000
Maximum
7
21,000
9,87,000
|
|||
| Big HNI |
Minimum
8
24,000
11,28,000
|
|||
Updated as on 20 Jan 2026 | 05:00:00 PM
| Investor Category | Subscription (times) | Shares Offered | Shared Bid |
|---|---|---|---|
| QIB | 1.00 | 78,000 | 78,000 |
| NII | 1.21 | 29,91,000 | 41,04,000 |
| bNII (bids above ₹10L) | 1.48 | 19,95,000 | 29,61,000 |
| sNII (bids between ₹2L to ₹10L) | 1.15 | 9,96,000 | 11,43,000 |
| Retail | 2.88 | 45,12,000 | 1,29,90,000 |
| Total | 2.15 | 79,83,000 | 1,71,72,000 |
Data is sourced from NSE & BSE and may change. Information is provided on an “AS IS” and “AS AVAILABLE” basis without warranties.
The estimated Grey Market Premium of Aritas Vinyl IPO is ₹0 per share (0.00%)
The GMP prices displayed here reflect news related to grey market trends. We do not trade or deal in the grey market, including subject-to-rates, nor do we recommend participating in grey market trading.
| Particulars | Allocation |
|---|---|
| QIB | Not more than 50% of Net Offer |
| NII | Not less than 15% of Net Offer |
| Retail | Not less than 35% of Net Offer |
| Market Maker | 4,02,000 EQ. Shares |
| Particulars | Aug-25 | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|---|
| Revenue | 40.54 | 97.67 | 68.78 | 51.18 |
| PAT | 2.42 | 4.13 | 1.67 | 0.99 |
| Net Worth | 22.77 | 20.27 | 5.57 | 3.70 |
| Borrowings | 37.78 | 36.82 | 52.79 | 33.10 |
| Assets | 98.25 | 95.26 | 76.12 | 57.95 |
| NAV (₹) | 17.95 | 15.97 | 22.28 | 14.79 |
| EPS (₹) | 1.91 | 13.14 | 6.66 | 3.98 |
The financial information presented is on a consolidated basis.
| KPI | VALUES |
|---|---|
| EBITDA | 8.81% |
| PAT | 4.23% |
| ROE | 31.23% |
| ROCE | 21.99% |
| PE Ratio | 3.58 |
| PB Ratio | 2.94 |
| Mkt Cap (in Crs.) | 92.54 |
| Particulars | Aritas Vinly | Mirza International | Amin Tannery |
|---|---|---|---|
| Income | 98.02 | 570.25 | 41.64 |
| PAT | 4.13 | -4.00 | 0.29 |
| EPS (₹) | 13.14 | 0.93 | 0.03 |
| NAV (₹) | 15.97 | 33.56 | 1.19 |
| RONW | 20.39% | -0.86% | 2.27% |
| EBITDA | 8.81% | 6.08% | 6.43% |
| PAT Mrgn | 4.23% | 0.70% | 0.76% |
| PE Ratio | 3.58 | 39.71 | 58.67 |
All information pertains to FY 2024-25. PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of December 4, 2025 for Peers
| Particulars | Aritas Vinly |
|---|---|
| Income | 98.02 |
| PAT | 4.13 |
| EPS (₹) | 13.14 |
| NAV (₹) | 15.97 |
| RONW | 20.39% |
| EBITDA | 8.81% |
| PAT Mrgn | 4.23% |
| PE Ratio | 3.58 |
| Mirza International | Amin Tannery |
|---|---|
| 570.25 | 41.64 |
| -4.00 | 0.29 |
| 0.93 | 0.03 |
| 33.56 | 1.19 |
| -0.86% | 2.27% |
| 6.08% | 6.43% |
| 0.70% | 0.76% |
| 39.71 | 58.67 |
All information pertains to FY 2024-25. PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of December 4, 2025 for Peers
| Name | Shareholding |
|---|---|
| Mohit Agrawa | 10.24% |
| Anilkumar Agrawal | 6.17% |
| Ankit Agrawa | 6.03% |
| Shubham Agrawal | 6.03% |
| Others | 18.75% |
| Total | 47.22% |
| Name | Designation |
|---|---|
| Anilkumar Agrawal | MD |
| Khanjil Vora | CFO |
Name: Aritas Vinyl Limited
Address: Survey No. 1134, Near Elegant Vinyl Private Limited, Daskroi, Ahmedabad, Gujarat, India, 382430
Number: 9998852850
Email: info@aritasvinyl.com
Website: https://www.aritasvinyl.com/
Frequently Asked questions?
Find answers to common questions that come in your mind related to IPO.
Aritas Vinyl IPO is a SME IPO having an issue size of Rs. ₹37.52 Crs. Aritas Vinyl IPO is priced at ₹40 - ₹47 per share. The issue opens on 16 Jan 26 and closes on 20 Jan 26.
Aritas Vinyl IPO opens on 16 Jan 26 and closes on 20 Jan 26.
The estimated Grey Market Premium of Aritas Vinyl IPO is ₹0 per share (0.00%).
The minimum lot size of Aritas Vinyl IPO is 3000 shares & the minimum application amount is Rs. 141000.
The allotment date of Aritas Vinyl IPO is 21 Jan 26.
The listing date of Aritas Vinyl IPO is 23 Jan 26.
Aritas Vinyl IPO is subscribed 2.15 times.
Aritas Vinyl IPO is priced at ₹40 - ₹47 per share.
Click the allotment link on Aritas Vinyl IPO page of IPO360.