Aritas Vinyl IPO GMP, Date, Price Band & Review

Aritas Vinyl IPO is a book-building IPO of ₹37.52 cr, which is a mix of fresh issue of ₹32.89 cr and offer for sale of ₹4.63 cr. The price band is set at ₹40 to ₹47 per share, with a lot size for an application of 3,000. The minimum amount required by an individual investor is ₹2,82,000 (6,000 shares). Aritas Vinyl IPO will open for subscription on January 16, 2026 and close on January 20, 2026. Their IPO will list on the BSE SME platform with a tentative listing date fixed as January 23, 2026.

Company Background

Aritas Vinyl Ltd. was incorporated in 2020. This company is engaged in the manufacturing and trading of technical textiles such as PVC-coated leather and PU synthetic leather. Aritas Vinyl manufactures a variety of products like footwear, bags, furnishing, automotive and fashion & accessories by using the latest technology known as Transfer Coating Technology. They supply products to their end-users. The common products they produce are Automotive upholstery (seats, door trims, steering wheel covers), Fashion Accessories (wallets, laptop sleeves and purses) and Interior Designing.

Operations and Product Range

Facility and Production

This company operates a state‑of‑the‑art manufacturing facility near Kubadthal, Ahmedabad, Gujarat, spanning approximately 6,067 square meters. The facility is equipped with modern machinery and infrastructure to produce PU synthetic leather and PVC‑coated leather using advanced transfer coating technology. The company started with an installed capacity of 4.2 mn meters per year and, within a short span, increased it to 7.8 mn meters per year to meet growing market demand.

Brands and Market Presence

Aritas Vinyl is an emerging Indian technical textile brand known for its manufacturing of a diverse range of products. It supplies domestic distributors and OEMs while exporting to markets including the USA, UAE, Greece, Oman, and Sri Lanka, reinforcing its presence in both local and international markets.

Revenue Channels

• The primary source of revenue is the sales of technical textile products
• Sales of distributors, wholesalers & OEMs (supplying in bulk to the end-users)
• Revenue from exports of synthetic leathers and PVC products in the international market
• Income from providing a customized product to the customers

Management and Shareholding

Promoters and Shareholding

Aritas Vinyl Ltd.’s promoters and shareholders are working on the company’s long-term vision and growth. The company has distributed half (50%) of its equity among the shareholders. They work to ensure the quality of the products they make by consistently checking on the customer-specific requirements. Also, they have created a variety of leather textures and colours inspired by nature, fauna and flora by working with the most professional ones in the industry to maintain the product's standard in the market.

Board Members

The board members of Aritas Vinyl Ltd. have more than a dozen members and each member is experienced and an expert in their domain. Their vision is to become a valuable creator by focusing on Kaizen (a Japanese word that means continuous improvement) in all manufacturing processes of artificial leather. Their priority is to value culture, quality, sustainability, innovation and customer satisfaction.