Aritas Vinyl Limited is engaged in the manufacturing and trading of technical textiles, primarily artificial leather, also known as PU (Polyurethane) synthetic leather and PVC-coated leather. The company manufactures its products using advanced Transfer Coating Technology, which enables consistent quality, durability, and application-specific customization.
The company’s product portfolio includes artificial leather sheets, PVC vinyl, and allied products, catering to a wide range of industries such as automotive, fashion accessories, interior design, furniture, footwear, healthcare, hospitality, and marine applications.
The manufacturing facility is located at Kubadthal, Ahmedabad, Gujarat, with a total area of approximately 6,067 square meters. The facility has an installed production capacity of around 7.8 million square meters per annum, enabling the company to efficiently meet varied customer requirements across industries.
The company has established an export presence in countries such as Greece, Oman, the UAE, Sri Lanka, the USA, and supplies to Special Economic Zones (SEZs).
Product Portfolio:
- Automotive Upholstery: PU synthetic leather and PVC vinyl are used in car seats, door trims, steering wheel covers, and interior components.
- Fashion Accessories: Artificial leather materials used for bags, wallets, purses, laptop sleeves, and related accessories, available in a wide range of colors, textures, and finishes.
- Interior Design & Upholstery: PVC vinyl solutions used for wall coverings, furniture upholstery, and interior applications across residential and commercial spaces.
Aritas Vinyl IPO – Details
| IPO Opening Date | 16 January 2026 |
| IPO Closing Date | 20 January 2026 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue: 79,83,000 Shares Worth ₹37.52 Crore Fresh Issue: 69,98,600 Shares Worth ₹32.89 Crore Offer For Sale: 9,84,400 Shares Worth ₹4.63 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹40 – ₹47 per share |
| Market Lot | 3000 Shares |
| Min Order | 3000 Shares [ 1 Lot ] |
| Listing At | BSE SME |
| Registrar | Bigshare Services Pvt.Ltd. |
| QIB Shares Offered | 1.03% |
| NII Shares Offered | 39.45% |
| Retail Shares Offered | 59.52% |
Aritas Vinyl IPO – Date Schedule
| IPO Open Date | 16 January 2026 |
| IPO Close Date | 20 January 2026 |
| Basis of Allotment | 21 January 2026 |
| Initiation of Refund | 22 January 2026 |
| Credit of Shares to Demat | 22 January 2026 |
| IPO Listing Date | 23 January 2026 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 20, 2026 |
Aritas Vinyl IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| 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 |
| S-HNI (Max) | 7 | 21,000 | ₹9,87,000 |
| B-HNI (Min) | 8 | 24,000 | ₹11,28,000 |
Competitive Strength
- Quality & Customization.
- Experienced Promoters with sound market knowledge.
- Fully integrated manufacturing plant set up at a strategic location.
- Enhanced production capacity within a span of three years.
- Long-standing relationship with our customers from diverse industry..
Company Promoters
- Mr. Anilkumar Prakashchandra Agrawal
- Mr. Sanjaykumar Kantilal Patel
- Mr. Ankit Anilbhai Agrawal
- Mr. Mohit Ashokkumar Agrawal
- Mr. Rohit Dineshbhai Agrawal
- Mr. Rutvik Patel
- Mr. Shubham Sunilbhai Agrawal
Company Financials
| Period | Total Revenue | Total Expense | Profit After Tax | Total Borrowings |
|---|---|---|---|---|
| 31 March 2023 | ₹51.42 Cr | ₹50.16 Cr | ₹0.99 Cr | ₹33.10 Cr |
| 31 March 2024 | ₹69.25 Cr | ₹67.22 Cr | ₹1.67 Cr | ₹52.79 Cr |
| 31 March 2025 | ₹98.02 Cr | ₹92.96 Cr | ₹4.13 Cr | ₹36.82 Cr |
| 31 August 2025 | ₹40.58 Cr | ₹37.60 Cr | ₹2.42 Cr | ₹37.78 Cr |
Key Performance Indicator
| KPI | Values (31 Aug 2025) |
|---|---|
| ROE | 11.16% |
| ROCE | 11.14% |
| Debt/Equity | 1.65 |
| RoNW | 25.51% |
| PAT Margin | 5.97 |
| EBITDA Margin | 11.20 |
| Price to Book Value | 2.62 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 3.26 | 2.95 |
| P/E (x) | 14.43 | 15.93 |
Object Of The Issue
| Objects of the Issue | Expected Amount (in Crore) |
|---|---|
| Capital Expenditure for Solar Power Project. | ₹4.26 |
| Working Capital. | ₹20.45 |
| General corporate purposes. | – |
✅Strengths
- Uses Transfer Coating Technology for consistent quality and customization.
- Diversified applications across automotive, fashion, interiors, furniture, and footwear.
- Export presence in Greece, UAE, Oman, Sri Lanka, USA & SEZs.
- High installed capacity (~78 lakh sq. meters/year) with scope for scalability.
- In-house quality testing with multi-stage quality control.
- Experienced promoters with long-standing industry exposure.
⚠️Risks
- Quality issues may lead to product rejection and loss of customers.
- Environmental & regulatory compliance risk (GPCB inspections).
- Group company conflict risk (similar business, no non-compete).
- Raw material price volatility impacting margins.
- High working capital dependence and bank borrowings.
Aritas Vinyl IPO Promoter Holding
| Pre-Issue Share Holding | 47.22% |
| Post Issue Share Holding | 27.99% |
Aritas Vinyl IPO Prospectus
Company Contact Information
| Aritas Vinyl Ltd. Survey No. 1134, Near Elegant Vinyl Private Limited, Daskroi, Ahmedabad, Gujarat, 382430 Phone: 9998852850 Email: info@aritasvinyl.com Website: https://www.aritasvinyl.com/ |
Aritas Vinyl IPO Registrar
| Bigshare Services Pvt.Ltd. Phone: +91-22-6263 8200 Email: ipo@bigshareonline.com Website: https://ipo.bigshareonline.com/IPO_Status.html |
Aritas Vinyl IPO Lead Manager(s)
| 1. Interactive Financial Services Ltd. |
Aritas Vinyl IPO FAQ
| What is the Aritas Vinyl IPO? Aritas Vinyl IPO is an SME IPO. The issue is priced at ₹40 – ₹47 per equity share. The IPO is to be listed on BSE SME. |
| When will Aritas Vinyl IPO open? The IPO is to open on 16 January 2026 for QIB, NII, and Retail Investors. |
| What is Aritas Vinyl IPO Investors’ Portion? The investors’ portion for QIB – 1.03%, NII – 39.45%, and Retail – 59.52%. |
| What is the Aritas Vinyl IPO Size? Aritas Vinyl IPO size is ₹37.52 Crore. |
| What are the Aritas Vinyl IPO Minimum and Maximum Lot Sizes for Retail Investors? The minimum bid is 6000 Shares for ₹2,82,000, while the maximum bid is 6000 Shares for ₹2,82,000. |
| What is the Aritas Vinyl IPO Allotment Date? Aritas Vinyl IPO allotment date is 21 January 2026. |
| What is the Aritas Vinyl IPO Listing Date? Aritas Vinyl IPO listing date is 23 January 2026. The IPO is to be listed on the BSE SME. |
