Aritas Vinyl IPO

About Aritas Vinyl IPO

The IPO of Aritas Vinyl comprises a fresh issue and an offer for sale of up to 69,98,600 and 9,84,400 equity shares. It’s a 100% book-built issue. The price band is ₹40 to ₹47 per share

Aritas Vinyl IPO opens on January 16, 2026 and closes on January 20, 2026. The allotment of shares will take place on January 21, 2026. The credit of shares to the Demat account will take place on January 22, 2026. The initiation of refunds will also take place on January 22, 2026. The minimum investment amount required by a retail investor is ₹2,82,000 based on the upper price. The minimum lot for retail investors is 2 (6000 shares).

Aritas Vinyl is engaged in manufacturing technical textiles, such as artificial leather also known as PU synthetic leather and PVC-coated leather, using the latest technology known as transfer coating technology.

Objectives of Aritas Vinyl IPO

The company aims to utilise the IPO proceeds for:

• Capital expenditure for solar power project
  
• Working capital
  
• General corporate purpose
  

Industry Outlook

The leather industry has a significant impact on the Indian economy. It is among the top ten foreign exchange earners in the country. Indian cattle & buffalo population accounts for 20% and the goat & sheep population of the country accounts for 11% of the world‘s total. This places it in a dominant position in terms of affluent raw material availability.

India exports leather to more than 50 countries. USA, Germany, the UK, Italy, France, Spain, Netherlands, China, Belgium, UAE, Australia, Poland, Hong Kong, Denmark, Canada, Vietnam and Portugal are among the top importers of leather and leather products from India. The top 15 countries together account about 78.77% of India‘s total leather & leather products export during April-December 2024 with export value of US$ 2.87 billion.

Aritas Vinyl Company Information

Aritas Vinyl is engaged in manufacturing technical textiles, 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’s products come in variety of colour, texture and patterns which find application in a wide range of products in different industries such as seat covers, door covers, dashboards, shoe uppers, shoe lining and insoles, sandals, furnishing and upholstery, purses, bags and briefcases, diary covers and stationery items, garments, belts, wallets etc.

Strengths of Aritas Vinyl

• Quality and customisation
  
• 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 customers from diverse industry
  

Risks of Aritas Vinyl

• Limited operating history in manufacturing
  
• Delays in placing orders or issues with vendors for the proposed solar power project may lead to increased costs and project delays
  
• Manufacturing units are subject to inspection under the GPCB
  
• The company is subject to strict compliance of the quality and use of its products
  
• Regulatory restrictions on artificial leather
  

Anchor Investor Bidding Date

TBA

IPO Registrar and Book Running Lead Manager

• IPO Registrar: Bigshare Services
• Book Running Lead Manager: Interactive Financial Services

Aritas Vinyl Business Model

Aritas Vinyl is engaged in the manufacturing of technical textiles, such as Artificial leather and PVC coated leather. PVC leather, also known as polyvinyl chloride leather, is a type of synthetic leather made by coating a fabric typically polyester or cotton with a layer of PVC (polyvinyl chloride) offering a soft, flexible, and alternative to genuine leather.

It’s designed to mimic the appearance and feel of genuine leather offering a range of additional benefits that make it ideal for various commercial and industrial applications.

Aritas Vinyl Growth Trajectory

The total income of Aritas Vinyl grew from ₹51.4200 crores in FY 23 to ₹98.0185 crores in FY 25, while its EBITDA margin increased from 6.02% in FY 23 to 8.81% in FY 25. Enhanced production capacity coupled with long standing relationships with customers has helped the company grow over the years.

Aritas Vinyl Market Position

Originally incorporated as a private limited company in 2020, the manufacturing facility of Aritas Vinyl has an installed production capacity of around 7.8 million meters per year, allowing it to effectively meet a wide range of client demands. Currently, the company sells its products majorly within India in several Indian states such as Gujarat, Delhi, Punjab, West Bengal, Rajasthan, Assam, etc.

How to Apply for Aritas Vinyl IPO?

To apply for this IPO:

• Log in to your Kotak Neo Demat account: Log in to your Demat account to access IPO investments. Next, select the current IPO section.
  
• Specify IPO details: Enter the number of lots and the price you wish to apply for.
  
• Enter UPI ID: After entering your UPI ID, click submit. This will place your bid with the exchange.
  
• Mandate Notification: Your UPI app will receive a mandate notification to block funds.
  
• Approve Request: Your funds will be blocked once you approve the mandate request on your UPI.