Incorporated in 2020, Aritas Vinyl Limited is engaged in the manufacturing and trading of technical textile, 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 produces artificial leather, PVC vinyl, and related products, serving various industries such as automotive, fashion, and interior design.
The company supplies products to distributors, wholesalers, manufacturers, and exports to countries like Greece, Oman, UAE, Sri Lanka, USA, and SEZs, promoting synthetic leather over traditional animal leather.
The manufacturing facility is located at Kubadthal, Ahmedabad spans 6,067 sq. meters, with a 7.8 million square meters annual capacity, efficiently catering to diverse client requirements.
Products:
- Automotive Upholstery: Polyethylene leather and PVC vinyl for seats, door trims, steering wheel covers, and more.
- Fashion Accessories: Artificial leather materials for bags, wallets, laptop sleeves, and purses, available in various colors and textures.
- Interior Design: PVC vinyl solutions for wall coverings and upholstery, catering to both residential and commercial spaces.
Competitve Strengths:
- Quality & Customization.
- 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 our customers from diverse industry.
| Purpose | Amount (₹ Cr) |
|---|---|
| Capital Expenditure for Solar Power Project | ₹4 |
| Working Capital | ₹20 |
| General corporate purposes | — |
| Metric | 31 Aug 2025 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Total Assets | 98 | 95 | 76 |
| Revenue | 41 | 98 | 69 |
| PAT | 2 | 4 | 2 |
| EBITDA | 5 | 9 | 5 |
| Net Worth | 23 | 20 | 6 |
| Reserves | 10 | 8 | 3 |
| Total Borrowing | 38 | 37 | 53 |
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| QIB | — | 78,000 (1%) | — |
| NII / HNI | — | 2,991,000 (37%) | — |
| Retail (RII) | — | 4,512,000 (57%) | — |
| Market Maker | — | 402,000 (5%) | — |
| Total | — | 7,983,000 (100%) | — |
* Amount calculated at upper price band (₹47) · ** Total includes all investor categories
- 1 Initiation of Refund 22 Jan 2026
- 2 Credit of Shares to Demat 22 Jan 2026
- Retail allocation is strong at 57% of the total offering.
- HNI/NII demand is strong at 37%.
- Institutional (QIB) interest is moderate at 1%.
- The IPO P/E of 16x reflects a good valuation relative to typical market ranges.
- Pre-issue EPS of ₹3 compares to post-issue EPS of ₹3 after dilution.
This IPO shows moderate investor interest. Review financial details and compare valuation with industry peers before investing.
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