ARITAS VINYL IPO

ARITAS VINYL IPO

An Overview of the ARITAS VINYL Public Offering

Dhan Kirti is pleased to present a detailed overview of the upcoming Initial Public Offering (IPO) by ARITAS VINYL. This offering provides investors with an opportunity to participate in a company specializing in the technical textiles segment, particularly in the manufacturing of artificial leather. Understanding the core details of the IPO is crucial for prospective investors.

The price band of ₹40 to ₹47 per equity share defines the range within which bidders can submit their applications. The minimum lot size of 3000 shares translates to a minimum investment of ₹141,000 at the upper end of the price band, making it accessible to retail individual investors. The total issue size of ₹37.52 Crores indicates the aggregate capital ARITAS VINYL aims to raise through this public offering, which is a significant step in its growth trajectory.

Important Dates for ARITAS VINYL IPO Participants

Adhering to the IPO schedule is vital for all participants. The following timeline outlines the key dates from the opening of the issue to its listing on the stock exchange, providing a clear roadmap for investors:

• Opening Date: 16 Jan 2026
• Closing Date: 20 Jan 2026
• UPI Payment Deadline: 20 Jan 2026 (5 PM)
• Allotment Announcement: 21 Jan 2026
• Refund Processing: 22 Jan 2026
• Demat Credit: 22 Jan 2026
• Stock Market Listing: 23 Jan 2026
• Mandate Validity End: 04 Feb 2026
• Anchor Investor Lock-in Release (50%): 20 Feb 2026
• Anchor Investor Lock-in Release (Remaining): 20 Apr 2026

*Dates may be revised as per official updates.

These dates are critical for investors to manage their applications and understand when to expect various stages of the IPO process, from payment deadlines to the actual listing of shares. The anchor investor lock-in periods also provide insights into the initial stability and long-term commitment of large institutional investors.

Delving into ARITAS VINYL: Company Background and Business Model

ARITAS VINYL Limited, incorporated on April 17, 2020, in Ahmedabad, Gujarat, marks its journey from a private limited entity to a public limited company in January 2025. The company operates robustly in the technical textiles segment, with a core specialization in manufacturing artificial leather. Its product portfolio includes both PU synthetic leather and PVC-coated leather, meticulously produced using advanced transfer coating technology.

ARITAS VINYL’s diverse range of products finds extensive applications across various industries, including furniture and upholstery, automotive interiors, footwear, and fashion accessories. Beyond these, its products also cater to specialized sectors such as healthcare, hospitality, and marine applications, showcasing the versatility and broad appeal of its offerings. The company’s strategic distribution network includes supplying to distributors, wholesalers, and manufacturers. Furthermore, ARITAS VINYL has cultivated a significant international presence, exporting its products to multiple global markets and Special Economic Zone (SEZ) units.

The company’s business model is built upon a foundation of in-house manufacturing capabilities, which allows for stringent quality control through dedicated internal testing facilities. A key differentiator is its commitment to product customization, tailoring offerings precisely to customer specifications. This client-centric approach, combined with cost-efficient production methods, diverse product applications, a growing export footprint, and a seasoned promoter-led management team, solidifies ARITAS VINYL’s position as a key player in its niche.

IPO Structure and Capital Generation

The ARITAS VINYL IPO is structured to raise a total of ₹37.52 Crores, comprising both a Fresh Issue and an Offer for Sale (OFS). This dual approach allows the company to secure new capital for its growth initiatives while also providing existing shareholders with an opportunity for liquidity.

The Fresh Issue component, amounting to ₹32.89 Crores, signifies the capital directly flowing into the company’s coffers. These funds are earmarked for specific corporate objectives that will bolster the company’s operational capabilities and future expansion plans. Conversely, the Offer for Sale component, totaling ₹4.63 Crores, involves existing shareholders selling a portion of their holdings. The proceeds from the OFS go to these selling shareholders and not to the company itself. This structure balances the need for corporate funding with the liquidity requirements of early investors and promoters.

Strategic Application of IPO Proceeds

The capital raised through the Fresh Issue component of the IPO will be strategically deployed across several key areas, demonstrating ARITAS VINYL’s clear vision for sustainable growth and operational enhancement. The allocation plan is as follows:

A significant portion, 62.18%, or ₹20.45 Crores, is allocated towards meeting the company’s working capital requirements. This is crucial for maintaining smooth day-to-day operations, managing inventory, and supporting sales growth. Furthermore, ₹4.26 Crores (12.96%) is designated for capital expenditure on a solar project, highlighting the company’s commitment to sustainable practices and potentially reducing long-term energy costs. The remaining ₹8.18 Crores (24.86%) is reserved for general corporate purposes, providing the management with the flexibility to address unforeseen business needs, pursue strategic opportunities, or invest in general corporate infrastructure that supports overall growth.

ARITAS VINYL’s Core Competitive Advantages

ARITAS VINYL benefits from several inherent strengths that position it favorably within its operating landscape. These competitive advantages underscore the company’s potential for sustained growth and market leadership:

• Presence in a Growing Sector: The company operates in the rapidly expanding technical textiles and synthetic leather segment, driven by increasing demand across various end-user industries. This positions ARITAS VINYL to capitalize on favorable market trends and growth opportunities.
• Integrated Manufacturing Excellence: With in-house manufacturing capabilities that leverage advanced transfer coating technology, ARITAS VINYL maintains stringent quality control and ensures product consistency. This vertical integration enhances efficiency and reduces reliance on external processes.
• Diverse Application Portfolio: Its products serve a wide array of end-use applications, spanning automotive interiors, furniture, footwear, fashion accessories, and even specialized marine and healthcare sectors. This diversification minimizes reliance on any single industry and broadens revenue streams.
• Robust Export Footprint: ARITAS VINYL has established a strong presence in international markets and SEZ units. A growing export network not only diversifies its customer base but also provides access to global demand trends and potentially higher margins.
• Experienced Leadership: The company is led by experienced promoters who bring deep industry and operational expertise. This seasoned management team is crucial for strategic decision-making, navigating market complexities, and fostering sustainable growth.

Key Risks for Prospective Investors

While ARITAS VINYL presents compelling strengths, prospective investors should also be aware of the inherent risks associated with its business operations and the industry it serves. Understanding these factors is essential for making an informed investment decision:

• Limited Operational History: The company has a relatively limited operating history, with commercial manufacturing commencing in recent years. This means there is less historical data available for investors to assess long-term performance and stability compared to more established entities.
• Environmental Regulatory Exposure: The production of synthetic leather involves processes that may be subject to various environmental regulations. Changes in these regulations or non-compliance could lead to increased operational costs, penalties, or disruptions to manufacturing activities.
• Raw Material Price Volatility: ARITAS VINYL is dependent on the availability and pricing of key raw materials such such as PVC and PU. Fluctuations in the global prices or supply chain disruptions of these materials could significantly impact production costs and profit margins.
• Intense Competitive Landscape: The company faces competition not only from other synthetic leather manufacturers but also from producers of natural leather. This competitive pressure could affect pricing power, market share, and profitability.
• High Working Capital Requirements: The business model inherently requires substantial working capital to manage inventory, production cycles, and credit terms offered to customers. High working capital requirements can impact the company’s cash flow stability and necessitate efficient financial management.

Live Subscription Status Update

Subscription statistics provide valuable insights into investor interest and demand for the IPO. As of the latest available information, the subscription status for ARITAS VINYL IPO is detailed below. These figures reflect the current level of demand from various investor categories:

*GMP figures are unofficial and may vary; exchange data is more reliable.

These subscription numbers are indicative of the current market sentiment towards the ARITAS VINYL IPO. A higher subscription rate generally suggests stronger investor confidence, while lower rates may indicate a more cautious approach. Investors should monitor these figures closely throughout the IPO period to gauge overall interest.

Participating in the ARITAS VINYL IPO

Investors keen on participating in the ARITAS VINYL IPO can submit their applications through the official Dhan Kirti IPO platform. It is essential to complete the application process before the subscription window officially closes on January 20, 2026. Prospective investors are encouraged to conduct their own due diligence and consider all aspects of the company and the offering before making an investment decision.

Investors can participate in this IPO via the official Dhan Kirti IPO platform before the subscription closes.