Aritas Vinyl IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Jan 16 to Jan 20 2026
Price Band
₹40 - 47
Current GMP
₹47.0(0.00%)
Subscription
2.21 times
IPO Details
| IPO Date | 16 to 20 Jan, 2026 |
| Listed on | Fri, Jan 23, 2026 |
| Face Value | ₹ 10 per share |
| Price Band | ₹40 to ₹47 |
| Issue Price | ₹47 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital & OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 79,83,000 shares (agg. up to ₹ 38 Cr) |
| Reserved for Market Maker | 4,02,000 shares (agg. up to ₹ 2 Cr) Giriraj Stock Broking Pvt.Ltd. |
| Fresh Issue (Ex Market Maker) | 65,96,600 shares (agg. up to ₹ 31 Cr) |
| Offer for Sale | 9,84,400 shares of ₹ 10 (agg. up to ₹ 5 Cr) |
| Net Offered to Public | 75,81,000 shares (agg. up to ₹ 36 Cr) |
| Share Holding Pre Issue | 1,26,90,080 shares |
| Share Holding Post Issue | 1,96,88,680 shares |
| BSE Script Code | 544683 |
| ISIN | INE1D8001016 |
IPO Date
16 to 20 Jan, 2026
Listed on
Fri, Jan 23, 2026
Face Value
₹ 10 per share
Price Band
₹40 to ₹47
Issue Price
₹47 per share
Lot Size
3,000 Shares
Sale Type
Fresh Capital & OFS
Issue Type
Bookbuilding IPO
Listing At
BSE SME
Total Issue Size
79,83,000 shares (agg. up to ₹ 38 Cr)
Reserved for Market Maker
4,02,000 shares (agg. up to ₹ 2 Cr) Giriraj Stock Broking Pvt.Ltd.
Fresh Issue (Ex Market Maker)
65,96,600 shares (agg. up to ₹ 31 Cr)
Offer for Sale
9,84,400 shares of ₹ 10 (agg. up to ₹ 5 Cr)
Net Offered to Public
75,81,000 shares (agg. up to ₹ 36 Cr)
Share Holding Pre Issue
1,26,90,080 shares
Share Holding Post Issue
1,96,88,680 shares
BSE Script Code
544683
ISIN
INE1D8001016
IPO Subscription Details
| Market Maker | 1 |
| QIB (Ex Anchor) | 1.00 |
| NII*** | 1.24 |
| bNII (> ₹10L) | 1.28 |
| sNII (< ₹10L) | 1.15 |
| Individual Investors | 2.88 |
| Total ** | 2.21 |
Market Maker
1
QIB (Ex Anchor)
1.00
NII***
1.24
bNII (> ₹10L)
1.28
sNII (< ₹10L)
1.15
Individual Investors
2.88
Total **
2.21
Day Wise Sub
| Day | QIB (Ex Anchor) | NII* | NII (> ₹10L) | NII (< ₹10L) | Individual Investors | Total |
|---|---|---|---|---|---|---|
| Jan 1 6 (Day 1) | 0.00 | 0.80 | 1.09 | 0.20 | 0.26 | 0.47 |
| Jan 1 9 (Day 2) | 0.00 | 1.03 | 1.18 | 0.71 | 1.78 | 1.46 |
| Jan 2 0 (Day 3) | 1.00 | 1.24 | 1.28 | 1.15 | 2.88 | 2.21 |
DayJan 1
6 (Day 1)
QIB (Ex Anchor)0.00
NII*0.80
NII (> ₹10L)1.09
NII (< ₹10L)0.20
Individual Investors0.26
Total0.47
DayJan 1
9 (Day 2)
QIB (Ex Anchor)0.00
NII*1.03
NII (> ₹10L)1.18
NII (< ₹10L)0.71
Individual Investors1.78
Total1.46
DayJan 2
0 (Day 3)
QIB (Ex Anchor)1.00
NII*1.24
NII (> ₹10L)1.28
NII (< ₹10L)1.15
Individual Investors2.88
Total2.21
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 23-01-2026 | 47.00 | 0(0.00%) | 47 |
| 22-01-2026 | 47.00 | 0(0.00%) | 47 |
| 21-01-2026 | 47.00 | 0(0.00%) | 47 |
| 20-01-2026 | 47.00 | 0(0.00%) | 47 |
| 19-01-2026 | 47.00 | 0(0.00%) | 47 |
| 18-01-2026 | 47.00 | 9(19.15%) | 56 |
| 17-01-2026 | 47.00 | 9(19.15%) | 56 |
| 16-01-2026 | 47.00 | 9(19.15%) | 56 |
| 15-01-2026 | 47.00 | 0(0.00%) | 47 |
| 14-01-2026 | 47.00 | 0(0.00%) | 47 |
| 13-01-2026 | 47.00 | 0(0.00%) | 47 |
Date23-01-2026
Price47.00
GMP0(0.00%)
Estimate List Price47
Date22-01-2026
Price47.00
GMP0(0.00%)
Estimate List Price47
Date21-01-2026
Price47.00
GMP0(0.00%)
Estimate List Price47
Date20-01-2026
Price47.00
GMP0(0.00%)
Estimate List Price47
Date19-01-2026
Price47.00
GMP0(0.00%)
Estimate List Price47
Date18-01-2026
Price47.00
GMP9(19.15%)
Estimate List Price56
Date17-01-2026
Price47.00
GMP9(19.15%)
Estimate List Price56
Date16-01-2026
Price47.00
GMP9(19.15%)
Estimate List Price56
Date15-01-2026
Price47.00
GMP0(0.00%)
Estimate List Price47
Date14-01-2026
Price47.00
GMP0(0.00%)
Estimate List Price47
Date13-01-2026
Price47.00
GMP0(0.00%)
Estimate List Price47
IPO Important Dates
| IPO Open | Fri, Jan 16, 2026 |
| IPO Close | Tue, Jan 20, 2026 |
| Allotment | Wed, Jan 21, 2026 |
| Refund | Thu, Jan 22, 2026 |
| Credit of Shares | Thu, Jan 22, 2026 |
| Listing | Fri, Jan 23, 2026 |
IPO Open
Fri, Jan 16, 2026
IPO Close
Tue, Jan 20, 2026
Allotment
Wed, Jan 21, 2026
Refund
Thu, Jan 22, 2026
Credit of Shares
Thu, Jan 22, 2026
Listing
Fri, Jan 23, 2026
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 6,000 | ₹2,82,000 |
| Individual investors (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 |
ApplicationIndividual investors (Retail) (Min)
Lots2
Shares6,000
Amount₹2,82,000
ApplicationIndividual investors (Retail) (Max)
Lots2
Shares6,000
Amount₹2,82,000
ApplicationS-HNI (Min)
Lots3
Shares9,000
Amount₹4,23,000
ApplicationS-HNI (Max)
Lots7
Shares21,000
Amount₹9,87,000
ApplicationB-HNI (Min)
Lots8
Shares24,000
Amount₹11,28,000
Key Performance Indicator
| 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 |
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
Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (₹ per share) | P/E (x) | RoNW (%) | P/BV Ratio |
|---|---|---|---|---|---|---|
| Aritas Vinyl Limited | 13.14 | 13.14 | 15.97 | 20.39 | ||
| Mirza International Ltd. | 0.93 | 0.93 | 33.56 | 39.71 | -0.86 | 1.09 |
| Amin Tannery Ltd | 0.03 | 0.03 | 1.19 | 58.67 | 2.27 | 1.00 |
Company NameAritas Vinyl Limited
EPS (Basic)13.14
EPS (Diluted)13.14
NAV (₹ per share)15.97
P/E (x)
RoNW (%)20.39
P/BV Ratio
Company NameMirza International Ltd.
EPS (Basic)0.93
EPS (Diluted)0.93
NAV (₹ per share)33.56
P/E (x)39.71
RoNW (%)-0.86
P/BV Ratio1.09
Company NameAmin Tannery Ltd
EPS (Basic)0.03
EPS (Diluted)0.03
NAV (₹ per share)1.19
P/E (x)58.67
RoNW (%)2.27
P/BV Ratio1.00
IPO Reservation
| Market Maker Shares Offered | 4,02,000 (5.04%) |
| QIB Shares Offered | 78,000 (0.98%) |
| NII (HNI) 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%) |
| Total Shares Offered | 79,83,000 (100.00%) |
Market Maker Shares Offered
4,02,000 (5.04%)
QIB Shares Offered
78,000 (0.98%)
NII (HNI) 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%)
Total Shares Offered
79,83,000 (100.00%)
Information about 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.
The manufacturing facility is located at Kubadthal, Ahmedabad spans 6,067 sq. meters, with a 7.8 million square meters annual capacity, efficiently catering to diverse client requirements.
Products:
Competitve Strengths:
Objectives of IPO
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Capital Expenditure for Solar Power Project 4.26 2 Working Capital 20.45 3 General corporate purposes 4.65
Disclaimer
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