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Aritas Vinyl SME IPO

Aritas Vinyl IPO — date, price band, GMP & allotment 2026

Aritas Vinyl, a leading manufacturer of vinyl and polymer products, is coming out with its IPO to enhance production, modernize facilities, and broaden distribution. Serving industries like construction, packaging, and interiors, Aritas Vinyl is known for durable and high-quality products. Investors can tap into the growing demand for polymer-based solutions in India while supporting a company focused on innovation, sustainability, and market expansion.

Stock price

Aritas Vinyl is listed — here is the live share price.

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The verdict
Strong Apply
100 / 100 · 1 review
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Grey market premium
₹0
Unofficial market indicator
GMP history →
Subscribed
2.15×
Overall, across all categories
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Minimum to apply
₹2,82,000
2 lots · 6000 shares at ₹47
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Abhishek Vohera, Founder of IPO Guru Researched & reviewed by Abhishek Vohera, Founder, IPO Guru Last updated Figures sourced from the RHP, BSE & NSE

Timetable

Key dates from opening to listing. Today is 11 September.

Key dates Listed
  1. Open 16 Jan 2026
  2. Close 20 Jan 2026
  3. Allotment 21 Jan 2026
  4. Refund/credit 22 Jan 2026
  5. Listing 23 Jan 2026

Issue summary

The terms of the offer, as filed.

IPO Dates 16 to 20 Jan, 2026
Price Band ₹40 to 47
Face Value ₹10
Lot Size 3000 Shares
Issue Size ₹38 Cr. Cr
Sale Type Fresh capital cum OFS
Listing On BSE SME
Registrar Bigshare Services Private Limited
Min Investment ₹ 2,82,000
Reservation
QIB 1.03%
NII 39.45%
Retail 59.52%

Share of the offer set aside for each investor category, as stated in the offer document.

What will it cost me?

Bidding is in multiples of 3000 shares at the ₹47 cut-off. The SME retail application is a fixed 2 lots; HNI starts at 3.

shares
lots lots
Application Lots Shares Amount
Retail (min) 2 6,000 ₹2,82,000
Retail (max) 2 6,000 ₹2,82,000
HNI (min) 3 9,000 ₹4,23,000

Three years of numbers

All figures in ₹ crore, as reported in the Aritas Vinyl offer document.

Total income
40.58
69
98
41
31 Mar 202431 Mar 202531 Aug 2025
Profit after tax
2.42
2
4
2
31 Mar 202431 Mar 202531 Aug 2025
EBITDA
4.55
5
9
5
31 Mar 202431 Mar 202531 Aug 2025
Borrowing vs net worth
37.78 / 22.77
31 Mar 202431 Mar 202531 Aug 2025
Borrowing Net worth
Metric 31 Aug 2025 31 Mar 2025 31 Mar 2024 31 Mar 2023
Assets 98.25 95.26 76.12 57.95
Total Income 40.58 98.02 69.25 51.42
Profit After Tax 2.42 4.13 1.67 0.99
EBITDA 4.55 8.63 4.65 3.09
NET Worth 22.77 20.27 5.99 4.32
Reserves and Surplus 10.21 7.79 3.49 1.82
Total Borrowing 37.78 36.82 52.79 33.10

See how this IPO compares — view listing performance of all SME IPOs.

Valuation & key ratios

Ratios are for the latest full financial year reported in the Aritas Vinyl RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.

P/E Ratio
15.93
EPS (₹)
2.95
RoCE
21.99%
RoNW
20.36%
PAT Margin
4.23%

Aritas Vinyl IPO Valuation

How the issue prices the company before and after the fresh shares are created.

Valuation Metric Post-Issue
EPS (₹) ₹2.95
P/E Ratio (x) 15.93
Market Cap at Offer Price (₹ Cr) ₹38.56

Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹47 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.

Where the money goes

₹29.36 Cr of the issue is earmarked to named objects.

Capital Expenditure for Solar Power Project ₹4.26 Cr
Working Capital ₹20.45 Cr
General corporate purposes ₹4.65 Cr

About the company

Aritas Vinyl is a growing player in the plastic and polymer processing industry, established with the aim of catering to the rising demand for high-quality vinyl-based products. The company has gradually built its presence by focusing on consistent quality and customer-centric solutions. Promoted by experienced industry professionals, Aritas Vinyl benefits from strong technical know-how and industry understanding, helping it expand its footprint across domestic markets.

The company is primarily engaged in the manufacturing and supply of PVC-based products used in various applications such as packaging, construction, and industrial usage. Its business model revolves around efficient sourcing of raw materials, in-house processing, and supplying customised solutions to clients across sectors. By maintaining long-term relationships with customers and focusing on operational efficiency, Aritas Vinyl aims to achieve steady growth and scalability.

Interested in this IPO? Check the live subscription status or browse all upcoming SME IPOs.

Promoters
Anilkumar Prakashchandra Agrawal, Sanjaykumar Kantilal Patel, Ankit Anilbhai Agrawal, Mohit Ashokkumar Agrawal, Rohit Dineshbhai Agrawal, Rutvik Patel and Shubham Sunilbhai Agrawal
Promoter holding
47.22% 27.99%
Pre-issue → post-issue
Registered office
Survey No.1134, Near Elegant Vinyl Private Limited, Daskroi, Ahmedabad, Gujarat, 382430
9998852850
Registrar

The bankers & the filings

Who is running the book, and the documents this page is built from.

Book-running lead manager
Interactive Financial Services Ltd. View track record →

Lead Manager Track Record

How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.

Interactive Financial Services Ltd.

4 issues handled (1 mainboard, 3 SME)
Listed in Profit 0% 0 of 3 listed
Avg Listing Gain -17.2% across 3 issues
Listed Below Issue 3 of 3 listed

Best listing: Gulf Lloyds (India) (0.0%). Weakest: Shree Ram Twistex (-34.6%).

Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.

Company contact

Company
Aritas Vinyl
Email

Frequently asked

What is the GMP of Aritas Vinyl?

The current Grey Market Premium is ₹0.

What is the Aritas Vinyl IPO price band?

₹40 to ₹47, on a face value of ₹10.

When is the allotment?

The basis of allotment is 21 January 2026, with listing on 23 January 2026.

How do I check allotment status?

On the IPO Guru allotment page or on the registrar's site — Bigshare Services Private Limited.

Aritas Vinyl IPO

Every number here traces back to a filing.

IPO Guru tracks GMP, subscription and allotment for every SME and Mainboard issue. Every number on this page is sourced from the RHP, BSE & NSE.

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Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.

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