Aritas Vinyl IPO opens for subscription on January 16, 2026, and closes on January 20, 2026, aiming to raise ₹38 crore through a fresh issue listed on BSE SME platform. The company specializes in manufacturing synthetic leather products, including automotive upholstery, footwear linings, and fashion accessories, with production facilities optimized for PVC and PU-based materials. Aritas Vinyl IPO positions investors to capitalize on India’s expanding synthetic leather demand driven by automotive growth and consumer durables expansion.
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₹47
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Expert Opinions
Market sentiment for Aritas Vinyl IPO shows moderate enthusiasm among SME investors drawn to manufacturing plays in synthetic leather amid automotive recovery. Company strengths encompass efficient production of PVC/PU upholstery and linings, cost-competitive operations in Ahmedabad, and diversified applications across auto, footwear, and fashion sectors with steady order books. Risks involve raw material price fluctuations, competition from imports, environmental compliance costs, and limited brand differentiation in a fragmented market.
Valuation analysis for Aritas Vinyl IPO and year 2025 presents Return on Equity (ROE) of 31.23%, ROCE of 21.99%, and Net Asset Value (NAV) of ₹15.97, reflecting solid capital efficiency for an SME entrant. Long-term investment perspective merits consideration for portfolios targeting India’s rising vehicle production and consumer goods expansion, provided execution sustains margin stability over cyclical pressures.
Investor Considerations
Aritas Vinyl IPO investors should assess the company’s solid fundamentals, with revenue climbing 41.54% to ₹98.02 crore and PAT surging 147.30% to ₹4.13 crore in FY 2025, driven by expanded PVC/PU production capacity. Synthetic leather sector outlook brightens with automotive output projected at 7.5 million units annually and rising footwear exports. Valuation analysis for Aritas Vinyl IPO in 2025 indicates Price to Book Value of 2.94, PAT Margin of 4.23%, and Debt/Equity ratio of 1.80, balancing growth potential against moderate leverage.
Growth prospects leverage solar power investments and working capital infusion targeting higher-margin auto upholstery orders. Risk factors include raw material volatility, import competition, and elevated debt servicing amid economic slowdowns. Long-term investment goals align with domestic manufacturing push, while short-term strategies must navigate SME liquidity constraints and listing fluctuations.
| Date | GMP | Trend |
|---|---|---|
| 22 Jan 2026 21.12 | ₹00 | --- |
| 21 Jan 2026 20.29 | ₹00 | --- |
| 19 Jan 2026 20.29 | ₹00 | Down |
| 18 Jan 2026 12.54 | ₹10 | --- |
FAQs
Aritas Vinyl IPO Current GMP is ₹00.
Aritas Vinyl IPO Expected Returns is 0.00%.
Aritas Vinyl IPO estimated listing price is ₹47.