SME
IPO ·
BSE SME
Aritas Vinyl Ltd
Listed
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 a
Issue details
Price band
₹40 – ₹47
Face value
₹10
Lot size
3,000 shares
Minimum investment
₹2,82,000
Issue size
₹37.52 Cr
Fresh issue
₹31.00 Cr
Offer for sale
₹4.63 Cr
Issue type
Book Built
Exchange
BSE SME
Key dates
Opens
16 Jan 2026
Closes
20 Jan 2026
UPI mandate cut-off
5:00 PM on 20 Jan 2026
Allotment
21 Jan 2026
Refunds
22 Jan 2026
Shares in demat
22 Jan 2026
Listing
23 Jan 2026
Subscription and listing
Subscription
1.86x
Listing price
₹47
Registrar
Bigshare Services Pvt Ltd
Lead manager
Interactive Financial Services
Subscription by category
Total
1.86x
Total applications
2,173
Listing day
Issue price
₹47
Open
₹47.00
High
₹47.00
Low
₹44.65
Day close
₹44.65
Listing gain at open
0.00%
Issue structure
Shares reserved per category and share of the total issue
QIB Shares Offered
78,000
0.98%
NII Shares Offered
29,91,000
37.47%
bNII > ₹10L
19,95,000
24.99%
sNII < ₹10L
9,96,000
12.48%
Retail Shares Offered
45,12,000
56.52%
Market Maker Shares Offered
4,02,000
5.04%
Total Shares Offered
79,83,000
100.00%
Finaccle’s quick read
Avoid
FY25 income up 42%, PAT up 147%, ROE 11.16%, D/E 1.65, post-issue P/E 15.93x.
A rules-based screen of growth, margins, debt and valuation, built from the offer document and data on Chittorgarh.com. It is for information only and is not investment advice or a recommendation to buy or sell. Read the RHP and speak to a SEBI-registered adviser before you apply.
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.
Founded
Promoters
Promoter holding
Financial performance
Period
PAT
ROE
11.16%
ROCE
11.14%
Debt / equity
1.65
PAT margin
5.97%
P/E post issue
15.93
Market cap
₹92.54 Cr
Use of IPO money
Capital Expenditure for Solar Power Project
₹4.26 Cr
Working Capital
₹20.45 Cr
General Corporate Purposes
₹4.65 Cr
Issue Expenses
₹3.54 Cr
Strengths
✓
Revenue up 42% in FY25 to ₹98.02 Cr
✓
PAT up 147% in FY25 to ₹4.13 Cr
Risks to watch
!
High leverage: debt to equity 1.65
!
SME platform: large lot size and thinner trading liquidity
!
Modest PAT margin of 5.97%
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Last updated:
Information is compiled from exchange notices and the company’s offer document. It is for general information only and is not investment advice or a recommendation to apply. Read the prospectus before investing.