Aritas Vinyl Ltd.
ARITASSME
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Overview
Aritas Vinyl Limited manufactures technical textiles, specifically artificial leather (PU Synthetic and PVC-coated), using advanced Transfer Coating Technology. The company's products serve as a cost-effective and durable substitute for genuine leather, finding applications across various sectors including automotive, footwear, fashion accessories, and furnishing. It markets its products through distributors and wholesalers, and also engages in exports to several countries.
Opening Date
Jan 16, 2026
Closing Date
Jan 20, 2026
Listing Date
Jan 23, 2026
IPO Type
SME
IPO Status
Closed
Issue Size
38 Cr
Fresh Issue
32.89 Cr
Offer for Sale
4.63 Cr
Price Band
₹40 - ₹47
Lot Size
3000
IPO Timeline
Financials
Revenue
Profit After Tax (PAT)
IPO Objective
Our Company proposes to utilize the Net Proceeds from the issue towards the following objects:
- •
Funding capital expenditure of ₹425.61 lakhs for setting up a 1100 KW ground-mounted solar power plant aimed at reducing the company's overall power costs.
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To meet the growing working capital requirements of the business with an allocation of ₹2045.00 lakhs, which will strengthen liquidity and reduce reliance on external borrowings for operational expansion.
- •
To fund general corporate purposes, including but not limited to, strategic initiatives, brand building, and other operational needs not covered by specific objects.
Key Performance Indicator
P/E Ratio
14.43
EPS
3.26
ROE
11.16%
ROCE
11.14%
RONW
25.51%
Debt to Equity Ratio
—
PAT Margin
5.97%
EBITDA Margin
11.2%
P/B
2.62
SWOT Analysis
Strengths
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Advanced Transfer Coating Technology for manufacturing artificial leather.
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Diverse product applications across multiple industries like automotive and footwear.
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Experienced management team with significant industry expertise.
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In-house laboratory for robust quality control and product development.
Weaknesses
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Limited operating history with manufacturing starting only in 2021.
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High dependence on top ten suppliers for a majority of raw materials.
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History of negative cash flows from operating activities in recent fiscal years.
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Leased, not owned, registered office and primary manufacturing facility.
Opportunities
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Growing demand in the Indian technical textiles market, the 5th largest globally.
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Supportive government initiatives like 'Make in India' promoting domestic manufacturing.
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Increasing consumer preference for synthetic leather over traditional animal leather.
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Potential to expand export operations to new international markets.
Threats
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Intense competition from organized and unorganized domestic and international players.
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Volatility in raw material prices which constitute a major part of operational costs.
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Potential for stricter environmental regulations on non-biodegradable synthetic leather.
- •
Competition from real leather which offers greater durability.
Subscription Rate
Frequently Asked Questions about Aritas Vinyl Ltd.
Aritas Vinyl Limited manufactures technical textiles, specifically artificial leather (PU Synthetic and PVC-coated), using advanced Transfer Coating Technology. The company's products serve as a cost-effective and durable substitute for genuine leather, finding applications across various sectors including automotive, footwear, fashion accessories, and furnishing. It markets its products through distributors and wholesalers, and also engages in exports to several countries.
The Aritas Vinyl Ltd. IPO is scheduled to open for subscription on Jan 16, 2026 and close on Jan 20, 2026. Investors can apply for shares during this period through eligible platforms.
The price band for the Aritas Vinyl Ltd. IPO is ₹40 to ₹47. Investors can place bids within this range once the issue opens.
The minimum lot size for the Aritas Vinyl Ltd. IPO is 3000 shares. The minimum investment amount ₹1,41,000.
The total issue size of the Aritas Vinyl Ltd. IPO is approximately ₹38.00. Issue size represents the total value of shares offered to the public.
As per the latest available information, the Aritas Vinyl Ltd. IPO has been subscribed 1.46 times. Subscription levels can change significantly during the offer period.
The Grey Market Premium (GMP) for the Aritas Vinyl Ltd. IPO is not available as of now. GMP reflects unofficial market sentiment and should not be considered a guarantee of listing performance.
The shares of Aritas Vinyl Ltd. are expected to list on stock exchanges on Jan 23, 2026, subject to completion of the allotment process and regulatory approvals.
The net proceeds from the Aritas Vinyl Ltd. IPO are proposed to be used for Our Company proposes to utilize the Net Proceeds from the issue towards the following objects:, Funding capital expenditure of ₹425.61 lakhs for setting up a 1100 KW ground-mounted solar power plant aimed at reducing the company's overall power costs., To meet the growing working capital requirements of the business with an allocation of ₹2045.00 lakhs, which will strengthen liquidity and reduce reliance on external borrowings for operational expansion., To fund general corporate purposes, including but not limited to, strategic initiatives, brand building, and other operational needs not covered by specific objects.
Before applying for the Aritas Vinyl Ltd. IPO, investors generally review the company’s business model, financial performance, valuation, industry outlook, and risk factors mentioned in the offer document.
