Aritas Vinyl IPO
smelistedAbout the company
Aritas Vinyl Limited is engaged in the manufacturing of technical textiles, such as “Artificial leather” also known as PU synthetic leather and PVC-coated leather, using the latest transfer coating technology. It caters to distributors, wholesalers, and manufacturers in domestic markets and exports to countries such as Greece, Oman, the UAE, Sri Lanka, and the USA, including SEZ units. The products are used in automotive, footwear, furniture and upholstery, fashion accessories, stationery, healthcare, and marine applications. The company’s manufacturing facility is located in Kubadthal, Ahmedabad and has a production capacity of about 78 lakhs meters per year and includes an in-house testing laboratory. In India, Gujarat had the highest sales, making up 30.10% of revenue, followed by Maharashtra at 13.25%. Exports are led by the UAE, contributing 10.65%, and the USA at 5.21% as of August 2025.
GMP trend (Grey Market Premium by date)
| Date | GMP (₹) | Est. Listing | Change |
|---|---|---|---|
| 20 Jan | ₹0 | ₹47 | 0 |
| 19 Jan | ₹0 | ₹47 | -9 |
| 18 Jan | ₹9 | ₹56 | 0 |
| 17 Jan | ₹9 | ₹56 | 0 |
| 16 Jan | ₹9 | ₹56 | +9 |
| 15 Jan | ₹0 | ₹47 | 0 |
| 14 Jan | ₹0 | ₹47 | 0 |
| 13 Jan | ₹0 | ₹47 | 0 |
Strengths
- Scope for operational efficiency and cost optimisation
- Opportunities for product innovation and expansion into new markets
- Established relationships with customers across multiple end-use industries
- Manufactures artificial leather and PVC vinyl products with focus on quality and customisation
- Experienced promoters with strong understanding of the industry
- Integrated manufacturing facility supporting better control over operations
- Improved production capacity supporting future growth
Risks
- Competitive market with presence of organised and unorganised players
- Exposure to raw material price fluctuations impacting margins
- Business performance depends on consistent demand from end-user industries
- Manufacturing operations subject to regulatory and compliance requirements
- Operational risks such as plant disruptions and safety issues
- Any delay in expansion or project execution may affect growth plans
- Smaller scale of operations compared to established industry players
Financial performance (₹ Cr)
Subscription breakup (final, times)
IPO Roadmap / Timeline
IPO Opens
Completed16 Jan 2026Bidding starts for all investor categories
IPO Closes
Completed20 Jan 2026Last day to place your bid
Basis of Allotment
Completed21 Jan 2026Share allotment finalised
Refund Initiation
Completed22 Jan 2026Refunds credited for non-allottees
Credit to Demat
Completed22 Jan 2026Allotted shares credited to demat account
Listing on Exchange
Completed23 Jan 2026Shares list on NSE / BSE
Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.
Lot size & minimum investment
| Investor Type | Min Lots | Min Shares | Min Amount | Max Lots | Max Amount | Notes |
|---|---|---|---|---|---|---|
| Retail / Individual | 1 | 3000 | ₹141,000 | 1 | ₹141,000 | 1 lot only |
| HNI | 2 | 6000 | ₹282,000 | 2 | ₹282,000 | Min 2 lots |
Shares reserved per category & allotment probability
| Category | Reservation | Shares Offered | Amount (₹ Cr) | Shares Bid | Subscribed | Allotment % |
|---|---|---|---|---|---|---|
| QIB | 50% | 4,367,816 | 19 | 0 | 0.00x | 100% |
| NII | 15% | 1,310,345 | 5.7 | 0 | 0.00x | 100% |
| Retail | 35% | 3,057,471 | 13.3 | 0 | 0.00x | 100% |
Retail is a lottery-based allotment when oversubscribed; QIB/NII get pro-rata. Probability ≈ 1 / subscription times (100% if under-subscribed).
