
Aritas Vinyl IPO GMP & Review: Apply or Avoid?
Posted by : sachet | Thu Jan 15 2026

Aritas Vinyl IPO is open for bidding from 16th January 2026 to 20th January 2026. It is a bookbuilding IPO of ₹37.89 crore, an entirely fresh issue of 0.70 crore shares and an offer for sale of 0.10 crore shares. The issue will be listed on BSE and SME on its tentative listing date, 23rd January 2026.
Aritas Vinyl IPO Details
The Aritas Vinyl IPO date is fixed between 16th January 2026 and 20th January 2026. The face value of Aritas Vinyl shares stands at ₹10 per share, and the IPO Issue price band is set at ₹40 to ₹77 per share
Bigshare Services Private Limited is the registrar of the Aritas Vinyl IPO and is responsible for managing the allotment process and initiating refunds. Check out the latest IPO details in the table below.
| IPO Allotment Date | 21st January 2026 |
| IPO Open Date | 16th January 2026 |
| IPO Close Date | 20th January 2026 |
| Refund Initiation | 22nd January 2026 |
| Issue Size | 79,83,000 shares(agg. up to ₹38 Cr) |
| Fresh Issue | 65,96,600 shares(agg. up to ₹31 Cr) |
| Offer For Sale | 9,84,400 shares of ₹10(agg. up to ₹5 Cr) |
| Face Value | ₹10 per share |
| Lot Size | 2,000 Shares |
| Issue Price | ₹40 to ₹47 per share |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Listing Date | 23rd January 2026 |
Aritas Vinyl IPO Share Reservation
Riddhi Display Equipment’s IPO is a bookbuilding issue of 0.70 crore shares worth ₹37.52 crore. Aritas Vinyl IPO Limited shares will be listed on the BSE and the SME Exchange. Furthermore, SEBI has specified the share reservation criteria for different investor categories.
| Investor Categories | Shares Offered | Shares Percentage |
| Market Maker Shares Offered | 4,02,000 | 5.04% |
| QIB Shares Offered | 78,000 | 0.98% |
| NII (HNI) Shares Offered | 29,91,000 | 37.47% |
| Retail Shares Offered | 45,12,000 | 56.52% |
| Total Shares Offered | 79,83,000 | 100.00% |
Aritas Vinyl IPO GMP Grey Market Premium
GMP is the gap between the issue price band and the price at which company shares are currently trading in the grey market. Do you want to get live updates on the Aritas Vinyl IPO? If yes, then you’ve reached the right spot. Check the table below to learn about the GMP trends.
| GMP DATE | IPO Price | GMP Price | Estimated Listing Price | Estimated Gain |
| 18-01-2026 | – | – | – | – |
| 17-01-2026 | – | – | – | – |
| 16-01-2026 | ₹47.00 | ₹0.00 | ₹47.00 | 0.00% |
| 15-01-2026 | ₹47.00 | ₹0.00 | ₹47.00 | 0.00% |
| 14-01-2026 | ₹47.00 | ₹0.00 | ₹47.00 | 0.00% |
| 13-01-2026 | ₹47.00 | ₹0.00 | ₹47.00 | 0.00% |
| 12-01-2026 | ₹47.00 | ₹0.00 | ₹47.00 | 0.00% |
| 11-01-2026 | ₹47.00 | ₹0.00 | ₹47.00 | 0.00% |
| 10-01-2026 | ₹47.00 | ₹0.00 | ₹47.00 | 0.00% |
| 9-01-2026 | ₹47.00 | ₹0.00 | ₹47.00 | 0.00% |
| 8-01-2026 | ₹47.00 | ₹0.00 | ₹47.00 | 0.00% |
As of 16th January 2026, Aritas Vinyl IPO GMP stands at ₹0.00 per share, which means the share will likely list at ₹47.00 on its tentative listing date, 23rd January 2026.
GMP data is subject to change based on market trends and sentiments. You should check the live GMP status before applying for the Aritas Vinyl IPO GMP. Stay informed with Univest for real-time insights into IPOs and their GMP trends.
Aritas Vinyl IPO GMP Review

Check out the detailed Aritas Vinyl GMP IPO review for a thorough understanding of its potential to report listing gains on 23rd January 2026. The Aritas Vinyl IPO review below will help you invest effectively to avoid significant losses. Explore more to make informed investment decisions on this IPO.
Financial Health
Assess a company’s financial performance to know about its ability to sustain a competitive edge. Thus, it is essential to understand the business’s economic growth and decline before applying for the Aritas Vinyl IPO.
Aritas Vinyl Limited’s revenue increased by 41.54% from ₹69.25 crores in March 2024 to ₹98.02 crores in March 2025. Moreover, the company’s PAT increased by 147.30% from ₹1.67 crores in March 2024 to ₹4.13 crores in March 2025.
Aritas Vinyl’s IPO has shown consistent revenue growth, indicating the company’s financial stability. Moreover, brokers, investors, and RAs have a positive outlook for the Aritas Vinyl IPO, with its tentative listing day set for 23rd January 2026.
Technical Analysis
Several technical indicators are available to assess a company’s potential to deliver returns. Use the parameters mentioned below to analyse the technicals of the Aritas Vinyl IPO.
| Key Indicators | Value |
| PE Ratio (Price-to-Earnings) | 14.43 |
| EPS (Earnings Per Share) | 3.26 |
| RoNW | 25.51% |
| ROCE | 15.45% |
| ROE | 11.16% |
| EBITDA Margin | 11.20% |
| Price to Book Value | 2.62 |
| Market Capitalisation | ₹92.54 Cr |
The P/E ratio of Aritas Vinyl Limited shares is 14.43, and its Earnings Per Share (EPS) stands at 3.26. Thus, the Aritas Vinyl IPO can deliver gains on its tentative listing date, 23rd January 2026.
Note: The data, as mentioned above, is taken from authentic sources and highlights pre-issue information. The PE ratio and EPS of Aritas Vinyl Limited are subject to change after the IPO. Explore the table below to get post-issue updates on these two metrics.
| Indicators | Pre-IPO | Post-IPO |
| PE Ratio | 14.43 | 15.93 |
| EPS | 3.26 | 2.95 |
Aritas Vinyl IPO Subscription Status
The Aritas Vinyl IPO will open for bidding on 16th January 2026. The subscription status for this IPO is yet to be announced. Stay informed on this passage to check the live Aritas Vinyl IPO Subscription Status.
| Investor Categories | Shares Offered | Shares Percentage | Shares Subscribed | Subscription to the Times |
| Market Maker Shares Offered | 4,02,000 | 5.04% | Yet to be announced | Yet to be announced |
| QIB Shares Offered | 78,000 | 0.98% | Yet to be announced | Yet to be announced |
| NII (HNI) Shares Offered | 29,91,000 | 37.47% | Yet to be announced | Yet to be announced |
| Retail Shares Offered | 45,12,000 | 56.52% | Yet to be announced | Yet to be announced |
| Total Shares Offered | 79,83,000 | 100.00% | Yet to be announced | Yet to be announced |
About Aritas Vinyl Limited

Aritas Vinyl Limited was established in 2020. Aritas Vinyl Limited is engaged in the manufacturing and trading of technical textiles, such as Artificial leather, also known as PU Synthetic leather and PVC-coated leather, using the latest technology, Transfer Coating Technology. The company produces artificial leather, PVC vinyl, and related products, serving various industries, including automotive, fashion, and interior design. The company supplies products to distributors, wholesalers, and manufacturers, and exports to countries such as Greece, Oman, the UAE, Sri Lanka, the USA, and SEZs, promoting synthetic leather over traditional animal leather. The manufacturing facility is located in Kubadthal, Ahmedabad, spans 6,067 sq. meters, and has an annual capacity of 7.8 million square meters, efficiently catering to diverse client requirements.
Aritas Vinyl Limited Financials
The company’s financial analysis is essential before applying for the Aritas Vinyl IPO. Look at the table to learn about Aritas Vinyl Limited’s financials.
| Year Ended | 31st Aug 2025 (in cr.) | 31st March 2025 (in cr.) | 31st March 2024 (in cr.) | 31st March 2023 (in cr.) |
| Assets | 98.25 | 95.26 | 76.12 | 57.95 |
| Revenue | 40.58 | 98.02 | 69.25 | 51.42 |
| Profit After Tax | 2.42 | 4.13 | 1.67 | 3.09 |
| 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 Borrowings | 37.78 | 36.82 | 52.79 | 33.10 |
Explanation
Aritas Vinyl Limited’s revenue increased by 41.54% from ₹69.25 crores in March 2024 to ₹98.02 crores in March 2025. Moreover, the company’s PAT increased by 147.30% from ₹1.67 crores in March 2024 to ₹4.13 crores in March 2025.
Aritas Vinyl Limited IPO Promoter Holdings
Have a look at the table below to check the holdings of Ashish Kankaria, Shruti A. Kankaria, Ambica Capital Markets Limited, and Gold View Financial Services Limited.
| Shareholding Pre-Issue | 47.22% |
| Shareholding Post-Issue | 27.99% |
Note: The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue.
Aim of the Aritas Vinyl IPO
The primary aim of the Aritas Vinyl IPO is to raise ₹37.52 crores. On the other hand, Aritas Vinyl has decided to utilise these funds in different ways.
- To Capital Expenditure for Solar Power Project
- To Working Capital
- To General Corporate Expenses.
Should I Invest in the Aritas Vinyl IPO?
Explore the pros and cons of Aritas Vinyl to know whether you should apply or avoid the issue. These pros and cons might help you understand the IPO’s efficiency in delivering profits over the coming decades.
Pros of the Aritas Vinyl IPO
- The company has a Quality & Customisation.
- The company has a fully integrated manufacturing plant located at a strategic site.
- The company has a long-standing relationship with our customers from diverse industries.
Cons of the Aritas Vinyl IPO
- The company has a Limited Operating History.
- The company has a Project Execution Risk.
- The company has a Regulatory & Compliance Exposure.
How to Apply for the Aritas Vinyl IPO?

Check the steps mentioned below to apply for Aritas Vinyl Ltd.
- Step 1: Conduct thorough research on the Aritas Vinyl IPO GMP, subscription status, issue size, lot size, and other details.
- Step 2: Open a demat account with Univest to access real-time insights on GMP and subscription status. You can also use your previous demat account by navigating to the IPO section.
- Step 3: Make a bid for 2 lots of 6,000 shares worth ₹2,82,000
- Step 4: You will receive a mandate request after making a bid. Approve the request to proceed further.
Note: You can apply for the Aritas Vinyl IPO across multiple demat accounts to increase your chances of allotment.
How to Check the Aritas Vinyl IPO Allotment Status?
You can check for the Aritas Vinyl IPO allotment in different ways. These include BSE and the registrar portal. Follow the steps below to check your allotment status online.
Check On BSE
- Visit the BSE Official Site
- Navigate to the IPO Allotment Section.
- Select Equity as the issue type.
- Choose the Aritas Vinyl IPO.
- Choose whether to proceed with the PAN number or the application number.
- Submit your details to get the allotment status online.
Check On the Registrar Portal
- Visit the registrar portal.
- Click on the allotment option.
- Fill in the required details.
- Click on the submit button to know your Aritas Vinyl IPO allotment status.
Let’s Wrap
Aritas Vinyl IPO is a bookbuilding issue of shares worth ₹37.52 crores. The shares of Aritas Vinyl Limited will be listed on BSE and SME on its tentative listing date of 23rd January 2026. Researching the Aritas Vinyl IPO GMP and reviews is highly recommended to achieve your desired profitability. Brokers and investors have highlighted their pros and cons, so one must analyse them and decide accordingly.
Open a demat account on Univest now to initiate your investment journey!
FAQs on Aritas Vinyl IPO
How is the Aritas Vinyl IPO?
Ans. Currently, on 16th January 2026, the Aritas Vinyl GMP (Grey Market Premium) stands at ₹0. It indicates that the estimated listing price could be ₹47 per share. It is a bookbuilding IPO of ₹37.52 shares. The face value of each Aritas Vinyl share is ₹10 per share.
What is the Aritas Vinyl IPO price?
Ans. The Aritas Vinyl IPO issue price band is set at ₹40 to ₹47 per share.
Is the Aritas Vinyl IPO a good investment?
Ans. Aritas Vinyl Limited’s revenue increased by 41.54% from ₹69.25 crores in March 2024 to ₹98.02 crores in March 2025. Moreover, the company’s PAT increased by 147.30% from ₹1.67 crores in March 2024 to ₹4.13 crores in March 2025.
Who is the registrar of the Aritas Vinyl IPO?
Ans. Bigshare Services Private Limited is the registrar for the Aritas Vinyl IPO, awaiting the allotment process and initiating refunds. For any queries regarding the Aritas Vinyl allotment and refund, you can contact Bigshare Services Private Limited at
ipo@bigshareonline.com or at +91-22-6263 8200.
What is the issue size of the Aritas Vinyl IPO?
Ans. Aritas Vinyl IPO is a bookbuilding IPO of ₹37.52 crores. Moreover, the IPO is set to open on 16th January 2026 and close on 20th January 2026.
Disclaimer: The above information is compiled from authentic sources and is just for informational purposes. To have detailed information about the Aritas Vinyl IPO, download the Aritas Vinyl IPO RHP and Aritas Vinyl IPO DRHP. Conduct your research before investing in IPOs to avoid significant losses. You can also consult your financial advisor.
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