BSE List Price : ₹47.00

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Category	Times
QIBs	0.01x
HNIs	1.37x
Retail	2.88x
Total : 2.27x

IPO Market Lot(s) Distribution

Application	Lot Size	Shares	Amount
Retail Minimum	2	6,000	₹282,000
Retail Maximum	2	6,000	₹282,000
S-HNI Minimum	3	9,000	₹423,000
S-HNI Maximum	7	21,000	₹987,000
B-HNI Minimum	8	24,000	₹1,128,000

About the Company

Aritas Vinyl Private Limited, established in 2020, is a prominent manufacturer of technical textiles. The company employs advanced Transfer Coating Technology to produce artificial leather, including PU synthetic leather and PVC-coated leather. Its manufacturing capabilities are designed to meet the requirements of industries such as automotive, fashion, and interior design.

In contrast to companies that manufacture animal-based leather, Aritas Vinyl focuses on synthetic leather solutions, aligning with sustainable and eco-friendly practices. The company’s product range includes automotive upholstery for vehicle interiors, fashion accessories such as bags, wallets, laptop sleeves, and purses, as well as interior décor applications like wall coverings and furniture. Aritas Vinyl distributes its products through distributors, wholesalers, and manufacturers, and also exports to international markets including Greece, Oman, the UAE, Sri Lanka, the USA, and Special Economic Zones (SEZs).

Company Financial Report

_{Amount ₹ in Crores}

Period Ended	Revenue	Expense	PAT	Assets
2023	₹51.42	₹50.20	₹0.99	₹57.95
2024	₹69.25	₹67.22	₹1.67	₹76.12
2025	₹98.02	₹92.96	₹4.13	₹95.26
August 2025	₹40.58	₹37.60	₹2.42	₹98.25

Company Promoter

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

Know before investing

• • Strengths

  Seasoned promoters with strong market expertise – Deep industry knowledge helps in attracting customers and positioning products effectively.

  End-to-end manufacturing setup – A well-located facility combined with in-house operations enhances efficiency and optimizes cost management.

• • Risks

  Regulatory and compliance concerns – A preferential allotment made in FY21 without a valuation report could attract regulatory examination.

  Risk of promoter group conflicts – The presence of a group company engaged in a similar business without a non-compete arrangement could affect competitive positioning.

Objects of the Issue & Utilisation of proceeds

Capital Expenditure for Solar Power Project.
Working Capital.
General Corporate Purpose.

Company  Address

Aritas Vinyl Ltd.
Survey No. 1134,
Near Elegant Vinyl Private Limited,
Daskroi,
Ahmedabad, Gujarat, 382430
Phone: 9998852850
Email: info@aritasvinyl.com
Website: https://www.aritasvinyl.com/

IPO Registrar

Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html

IPO Review

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