Aritas Vinyl Ltd IPO : Aritas Vinyl Limited, a leading manufacturer of technical textiles and synthetic leather, has launched its Initial Public Offering (IPO). The company, known for its high-quality PU and PVC-coated leather used in automotive and fashion industries, aims to raise approximately ₹37.52 Crores through this BSE SME issue.
Below is everything you need to know before investing.
Aritas Vinyl IPO Overview
The IPO is a book-built issue consisting of a fresh issue of 69.98 lakh shares and an offer for sale (OFS) of 9.84 lakh shares.
| Feature | Details |
| IPO Date | January 16, 2026 to January 20, 2026 |
| Price Band | ₹40 to ₹47 per share |
| Lot Size | 3,000 Shares |
| Total Issue Size | ₹37.52 Crores |
| Listing At | BSE SME |
| Face Value | ₹10 per share |
Aritas Vinyl IPO Important Dates (Timeline)
Mark your calendars with these key dates to ensure you don’t miss the bidding or allotment window.
- IPO Open Date: Friday, January 16, 2026
- IPO Close Date: Tuesday, January 20, 2026
- Basis of Allotment: Wednesday, January 21, 2026
- Initiation of Refunds: Thursday, January 22, 2026
- Credit of Shares to Demat: Thursday, January 22, 2026
- Listing Date: Friday, January 23, 2026
Aritas Vinyl IPO Lot Size & Investment
Retail investors can apply for a minimum of 1 lot (3,000 shares), while High Net-worth Individuals (HNIs) have different minimum requirements.
| Investor Category | Lots | Shares | Amount (at Cut-off) |
| Retail (Min) | 2 | 6,000 | ₹2,82,000 |
| Retail (Max) | 2 | 6,000 | ₹2,82,000 |
| S-HNI (Min) | 3 | 9,000 | ₹4,23,000 |
| B-HNI (Min) | 8 | 24,000 | ₹11,28,000 |
Aritas Vinyl IPO GMP Today (Grey Market Premium)
As of January 18, 2026, the Grey Market Premium (GMP) for Aritas Vinyl Ltd is hovering around ₹9.
- Expected Listing Price: ₹56 (₹47 + ₹9)
- Estimated Listing Gain: ~19%
Note: GMP is an unofficial market indicator and can fluctuate. Always prioritize the company’s fundamentals over grey market trends.
Company Financials & Performance
Aritas Vinyl has shown a steady growth trajectory in the synthetic leather segment.
- Revenue (FY25): ₹98.02 Crores (up from ₹69.25 Cr in FY24)
- Profit After Tax (FY25): ₹4.13 Crores (a 147% jump from previous year)
- P/E Ratio:43x (at the upper price band)
Key Strengths:
- Diversified Portfolio: Supplies to automotive, footwear, and fashion industries.
- Export Presence: Growing footprint in the USA, UAE, and Greece.
- Integrated Setup: In-house manufacturing in Ahmedabad with a capacity of 7.8 million meters/year.
How to Check Aritas Vinyl IPO Allotment Status
Once the allotment is finalized on January 21, 2026, you can check your status using these steps:
- Visit the Bigshare Services Pvt Ltd (Registrar) website.
- Select “Aritas Vinyl IPO” from the dropdown menu.
- Enter your PAN Number, Application Number, or DP ID.
- Click Submit to view your allotment status.
Aritas Vinyl IPO Review: Should You Apply?
The IPO appears reasonably priced with a P/E of ~14.4x compared to industry peers like Mirza International (39x). The strong PAT growth and debt-to-equity improvement (from 7.66 in FY23 to 1.80 in FY25) are positive signs. However, being an SME IPO, it carries higher liquidity risks and a larger minimum investment requirement.
Verdict: Consider applying for potential listing gains if the subscription remains robust on the final day.
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