Aritas Vinyl IPO Listing: Shares of Aritas Vinyl, which manufactures technical textiles and supplies them in the country and abroad, had a flat entry on the BSE SME platform today. Its IPO received more than 2 times the overall bid on the basis of retail investors. Shares have been issued under the IPO at a price of ₹47. Today it has entered BSE at ₹ 47.00, which means IPO investors did not get any listing gain. IPO investors were further shocked when the shares crashed. It fell to the lower circuit of ₹ 44.65 (Aritas Vinyl Share Price) which means IPO investors are now at 5% loss.
How will Aritas Vinyl IPO money be spent?
Aeritas Vinyl’s ₹38 crore IPO was open for subscription from January 16-20. This IPO received a good response from investors and overall it was subscribed 2.21 times. In this, the portion reserved for Qualified Institutional Buyers (QIB) was 1.00 times (ex-anchor), the portion for Non-Institutional Investors (NII) was 1.24 times and the portion for retail investors was 2.88 times. New shares worth ₹33 crore have been issued under this IPO. Apart from this, 9,84,400 shares with face value of ₹ 10 have been sold under the offer for sale window. The shareholders who sold the shares have received the money from the offer for sale. Of the money raised through new shares, ₹4.26 crore will be spent on capital expenditure of the solar power project, ₹20.45 crore will be spent on working capital requirements and the remaining money will be spent on general corporate purposes.
About Aritas Vinyl
Eritas, founded in the year 2020, manufactures artificial leather such as vinyl PU synthetic leather and PVC-coated leather. The company makes it through transfer coating technology which is used in industries like automotive, fashion and interior design. Its products are also exported to many countries including Greece, Oman, UAE, Sri Lanka, America. Its manufacturing facility is in Ahmedabad.
Talking about the financial health of the company, it is continuously getting stronger. It had a net profit of ₹99 lakh in FY 2023, which jumped to ₹1.67 crore in the next FY 2024 and then to ₹4.13 crore in FY 2025. During this period, the total income of the company also increased at a compound growth rate (CAGR) of more than 38% annually to ₹ 98.02 crore. Talking about the current financial year 2026, the company has achieved net profit of ₹ 2.42 crore and total income of ₹ 40.58 crore in April-August 2025. At the end of August 2025, the company had a total debt of ₹37.78 crore while ₹10.21 crore was lying in reserves and surplus.
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