Aritas Vinyl
CLOSEDIPO Date: 16 Jan - 20 Jan 2026
Listing Date: 23 Jan 2026
Price Range
Rs.40 - Rs.47
Issue Size
38 Cr
Min Investment
₹1,20,000
Lot Size
3000 Shares
Schedule of Aritas Vinyl
Issue open date
16 Jan 2026
Issue close date
20 Jan 2026
UPI mandate deadline
20 Jan 2026 (5 PM)
Allotment finalization
21 Jan 2026
Share credit
22 Jan 2026
Listing date
23 Jan 2026
Mandate end date
4 Feb 2026
Issue size
| Funds Raised in the IPO | Amount |
|---|---|
| Overall | 38 Cr |
| Fresh Issue | 32.89 Cr |
| Offer for Sale | 4.63 Cr |
Allotment DetailsNew
| Allotment Timeline | Details |
|---|---|
| Allotment Date | 21 Jan 2026 |
| Allotment Link | {Link} |
Grey Market PremiumNew
Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.
| Date | Ipo Price | GMP | Estimated Listing Price |
|---|---|---|---|
| 22 Jan 2026 | ₹47 | ₹0 | ₹47 (0%) |
| 19 Jan 2026 | ₹47 | ₹0 | ₹47 (0%) |
| 18 Jan 2026 | ₹47 | ₹9 | ₹56 (19.15%) |
| 17 Jan 2026 | ₹47 | ₹9 | ₹56 (19.15%) |
| 15 Jan 2026 | ₹47 | ₹0 | ₹47 (0%) |
| 14 Jan 2026 | ₹47 | ₹0 | ₹47 (0%) |
| 13 Jan 2026 | ₹47 | ₹0 | ₹47 (0%) |
Performance Aritas Vinyl
| Issue Price | Listing Gain | Current Market Price | P/L |
|---|---|---|---|
| Rs.40 - Rs.47 | ₹ 68 (0%) | ₹ 16 | -65.96% |
About Aritas Vinyl
Aritas Vinyl Limited is a public company engaged in the manufacture of technical textiles, primarily artificial leather, including PU synthetic leather and polyvinyl chloride (PVC)-coated leather. Its products are PVC leather fabrics made by coating polyester or cotton substrates with polyvinyl chloride, produced using transfer coating technology and supplied in various colours, textures, embossing patterns, and thicknesses ranging from 0.35 mm to 6 mm. These materials are used by distributors, wholesalers, and manufacturers for applications such as automotive seat and door covers, dashboards, footwear uppers and linings, sandals, furnishings and upholstery, bags, wallets, belts, garments, stationery items and accessories, and are also exported to markets including Greece, Oman, the UAE, Sri Lanka, the USA and SEZ units. The company operates a manufacturing facility and an in-house testing laboratory in Ahmedabad.
| Founded in | 2020 |
| Managing director | Mr Anilkumar Prakashchandra Agrawal |
| Parent organization |
Financial Overview
Strengths
- Operates in the fast-growing technical textiles and synthetic leather segment.
- In-house manufacturing, utilising transfer coating technology, ensures quality control.
- Diverse end-use applications across automotive, furniture, footwear, and fashion.
- Established export presence across multiple countries and SEZ units.
- Experienced promoters with industry and operational expertise.
Risks
- Limited operating history with commercial manufacturing starting in recent years.
- Exposure to environmental regulations related to synthetic leather production.
- Dependence on the availability and pricing of key raw materials like PVC and PU.
- Competition from natural leather and other synthetic leather manufacturers.
- High working capital requirements are impacting cash flow stability.
Subscription Figures
| Category | Subscription (No. of times) |
|---|---|
| Qualified Institutional Buyers (QIBs) | 1 |
| Non-Institutional Investors (NIIs) | 1.21 |
| Retail Individual Investors (RIIs) | 2.86 |
| Employee | N/A |
| Total | 2.14 |