Aritas Vinyl Limited
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Having completed its public offering, Aritas Vinyl Limited's is now listed and trading on the BSE exchange as of Jan 23, 2026. The IPO raised cumulative capital of 79,83,000 Shares, including 69,98,600 Shares in primary capital infusion and ₹4.63 Cr in secondary market transactions.
The IPO was conducted with a price range of ₹40 to ₹47 and minimum investment requirement of 3000 shares. subscription activity between Jan 16, 2026 and Jan 20, 2026 reflected market assessment of the offering's valuation and prospects.
The allotment process finalized on Jan 21, 2026 distributed equity ownership to successful bidders. The listing established a transparent market mechanism for share trading, price discovery, and investor participation in the company's future growth.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Incorporated in 2020, Aritas Vinyl Private Limited is engaged in the manufacturing and trading of technical textiles such as artificial leather, also known as PU synthetic leather and PVC-coated leather, using advanced transfer coating technology. The company produces artificial leather, PVC vinyl, and related products catering to industries including automotive, fashion, and interior design, supplying to distributors, wholesalers, manufacturers, and exporting to markets such as Greece, Oman, UAE, Sri Lanka, USA, and SEZs while promoting synthetic alternatives to animal leather. Its manufacturing facility located at Kubadthal, Ahmedabad spans 6,067 square meters with an annual production capacity of 7.8 million square meters, enabling efficient fulfillment of diverse customer requirements across automotive upholstery, fashion accessories, and interior design applications.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Strong focus on quality and customization – Offers a wide variety of textures, colours, and specifications to serve multiple industries.
- Experienced leadership with deep market understanding – Industry expertise supports better customer acquisition and effective product positioning.
- End-to-end manufacturing setup – In-house production at a well-located facility enhances efficiency and keeps costs under control.
- Limited operating track record – A short manufacturing history makes it difficult to assess long-term business performance.
- Regulatory and compliance concerns – Preferential allotment in FY21 without a valuation report may attract regulatory scrutiny.
- Risk of promoter group conflict – A group company operating in the same business without a non-compete agreement could affect competitiveness.
- 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
Aritas Vinyl Limited
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