Aritas Vinyl Limited IPO Details | GMP, Price Band, Financials & DRHP
Latest Grey Market Premium & IPO Details
Aritas Vinyl IPO 2026 – Key Info & Highlights
Aritas Vinyl IPO opens on 16 Jan 2026 . Price band ₹40–₹47 per share. View latest GMP, lot size, quota, financials, DRHP and latest latest subscription updates here.
📌 IPO Details
| Company Name | Aritas Vinyl IPO |
|---|---|
| Sector / Industry | Technical Textiles / Synthetic Leather |
| IPO Open Date | 16-01-2026 |
| IPO Close Date | 20-01-2026 |
| Allotment Date | 21-01-2026 |
| Refund Date | 22-01-2026 |
| Share Credit Date | 22-01-2026 |
| Listing Date | 23-01-2026 |
| Price Band | ₹40 - ₹47 |
| Lot Size | 3000 Shares |
| Min Investment | ₹2,82,000 (2 lot price) |
| Net Issue Size | ₹37.52 Cr |
| Fresh Issue | ₹31.00 Cr |
| OFS | ₹4.63 Cr |
| IPO Listing At | BSE SME |
| DRHP | View DRHP |
| Issue Type | Book Build Issue |
| Face Value | ₹10 Per Equity Share |
| Promoter Holding Pre IPO | 47.22 % |
| Promoter Holding Post IPO | 27.99% |
* All Dates are provisional
Quota Allocation
| Category | Allocation (%) |
|---|---|
| Retail Investors | 56.52% |
| QIB (Qualified Institutional Buyers) | - |
| HNI (High Net Worth Individuals) | 37.47% |
| Reserved for Market Maker | 5.04% |
📈 Grey Market Premium (GMP) Day-wise Trend
| GMP Date | GMP Price | Trend | Estimated Listing Price | Estimated Profit* | Last Updated |
|---|---|---|---|---|---|
| 22-01-2026 | ₹0.00 | - | ₹0.00 | ₹0.00 | 22-01-2026 21:48 |
| 21-01-2026 | ₹0.00 | - | ₹0.00 | ₹0.00 | 21-01-2026 21:33 |
| 20-01-2026 | ₹0.00 | - | ₹0.00 | ₹0.00 | 20-01-2026 23:41 |
📝 About Aritas Vinyl
Founded in 2020, Aritas Vinyl Limited is a technology-driven manufacturer and trader of technical textiles, specialising in Artificial Leather, also known as PU Synthetic Leather and PVC-Coated Leather. The company uses advanced Transfer Coating Technology to deliver high-quality, durable, and eco-friendly synthetic leather solutions.
Aritas Vinyl manufactures artificial leather, PVC vinyl, and allied products that cater to a wide range of industries, including automotive, fashion accessories, furniture, and interior décor. The company focuses on promoting synthetic leather as a sustainable alternative to traditional animal leather, aligning with modern environmental and ethical standards.
The company’s manufacturing facility is located at Survey No. 1134, Village Kubadthal, Ahmedabad, spread across 6,067 square meters, with an installed production capacity of approximately 7.8 million linear meters per annum. This infrastructure enables the company to efficiently meet diverse customer requirements across domestic and international markets.
Aritas Vinyl supplies its products to distributors, wholesalers, and OEM manufacturers, and has an established export presence in countries such as Greece, Oman, UAE, Sri Lanka, the USA, and SEZ markets, reflecting its growing global footprint.
As of March 31, 2025, the company employed a total workforce of 91 employees, including 55 permanent staff, working across production, quality control, sales, and administrative functions.
Aritas Vinyl Revised Financials
Profit / Loss & Total Assets (Last 4 Years)
| Financial Year | Revenue (₹ Cr) | Profit / Loss (₹ Cr) | Total Assets (₹ Cr) |
|---|---|---|---|
| FY 2022 | 30.50 | +0.82 | 57.95 |
| FY 2023 | 51.42 | +0.99 | 76.12 |
| FY 2024 | 69.25 | +1.67 | 94.72 |
| FY 2025 (Annualised) | 73.78 | +3.13 | 108.40 |
Note: FY25 figures are annualised based on available period financials as disclosed in the DRHP. Positive figures indicate profit. All amounts are in ₹ Crore.
Objects of the Issue
- Capital Expenditure for Renewable Energy Infrastructure – Funding will be utilised towards the installation of a solar power system at the manufacturing facility to reduce energy costs and improve operational efficiency.
- Meeting Incremental Working Capital Requirements – A portion of the proceeds will be used to support the company’s growing working capital needs arising from expansion in operations, inventory management, and receivables.
- Strengthening Operational Capabilities – Investment in process optimisation and operational support to enhance productivity, scalability, and supply chain efficiency.
- General Corporate Purposes – The remaining funds will be deployed for general corporate activities, including administrative expenses, strategic initiatives, and strengthening the company’s overall financial position.
Strengths
- Consistent Product Quality & Custom Solutions – Ability to deliver customised synthetic leather solutions while maintaining consistent quality standards across applications.
- Industry-Experienced Promoters – Promoters possess strong domain expertise and in-depth understanding of the technical textile and synthetic leather market.
- Strategically Located Integrated Facility – Fully integrated manufacturing plant located in an industrial hub, enabling efficient sourcing, production, and logistics.
- Rapid Capacity Expansion – Successfully scaled production capacity within a short period, demonstrating strong execution capabilities and growth orientation.
- Diversified and Long-Term Customer Base – Established relationships with customers across automotive, fashion, and interior segments, supporting stable and repeat business.
Risk Factors
- Dependence on Raw Material Availability and Pricing – The company’s operations rely on the continuous availability of raw materials such as PVC resin, PU chemicals, and other inputs. Any volatility in prices or supply disruptions may impact margins.
- Customer Concentration Risk – A significant portion of revenue is derived from a limited number of customers. Loss of, or reduced business from, key customers could adversely affect financial performance.
- Intense Industry Competition – The synthetic leather and technical textile industry is highly competitive, with both organised and unorganised players, which may pressure pricing and market share.
- Manufacturing and Operational Risks – Any disruption at the manufacturing facility due to equipment failure, power issues, labour shortages, or regulatory actions could impact production and deliveries.
- Dependence on Key Management Personnel – The company’s growth and operations depend on the experience and expertise of its promoters and senior management. Any loss of key personnel may affect business continuity.
- Working Capital Intensive Nature of Business – The business requires significant working capital for inventory and receivables. Inadequate access to funds may impact operations and growth plans.
- Regulatory and Environmental Compliance – The company is subject to various environmental, labour, and industrial regulations. Non-compliance may result in penalties or operational restrictions.
Aritas Vinyl Limited
Manufacturer of PU & PVC Synthetic Leather Products
| Founded in: | 2020 |
|---|---|
| MD / CEO: | Anilkumar P. Agrawal |
| Address: | Survey No. 1134, Near Elegant Vinyl Private Limited, Daskroi, Ahmedabad, Gujarat-382430 |
| Website: | www.aritasvinyl.com |
| Phone: | +91-9998852850 |
| Email: | info@aritasvinyl.com |
| Services: | Manufacturing of PU Synthetic Leather, PVC Coated Fabric, Artificial Leather for Automotive, Footwear, Furniture and Upholstery Applications |
IPO Quick Info
16 Jan 2026
20 Jan 2026
Upcoming
Lead Manager(s)
- Interactive Financial Services Ltd.
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