Aritas Vinyl Ipo
Aritas Vinyl IPO Review & Key Points
Review: Neutral
IPO Lead Managers aka Merchant Bankers
Interactive Financial Services Ltd.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 2 | 6,000 | ₹2,82,000 |
| Retail Maximum | 2 | 6,000 | ₹2,82,000 |
| S-HNI Minimum | 3 | 9,000 | ₹4,23,000 |
| S-HNI Maximum | 7 | 21,000 | ₹9,87,000 |
| B-HNI Minimum | 8 | 24,000 | ₹11,28,000 |
| Investor Category | Share Offered | -% Shares |
| Anchor Investor | – Shares | -% |
| QIB (Ex. Anchor) | 78,000 Shares | 0.98% |
| NII Shares Offered | 29,91,000 Shares | 37.47% |
| Retail Shares Offered | 45,12,000 Shares | 56.52% |
| IPO Open Date: | January 16, 2026 |
| IPO Close Date: | January 20, 2026 |
| Basis of Allotment: | January 21, 2026 |
| Refunds: | January 22, 2026 |
| Credit to Demat Account: | January 22, 2026 |
| IPO Listing Date: | January 23, 2026 |
| IPO Bidding Cut-off Time: | January 20, 2026 – 5 PM |
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | 1,26,90,080 | 47.22% |
| Promoter Holding Post Issue | 1,96,88,680 | 27.99% |
| Purpose | Crores |
| Capital Expenditure for Solar Power Project | ₹4.26 |
| Working Capital | ₹20.45 |
| General Corporate Purpose | ₹- |
| 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 |
| KPI | Values |
| ROE: | 31.23% |
| ROCE: | 21.99% |
| EBITDA Margin: | -% |
| PAT Margin: | -% |
| Debt to equity ratio: | 1.80 |
| Earning Per Share (EPS): | ₹13.14 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 20.36% |
| Net Asset Value (NAV): | ₹15.97 |
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Mirza International Limited | 0.93 | 39.71 | (0.86)% | 33.56 | 570.25 Cr. |
| Amin Tannery Limited | 0.03 | 58.67 | 2.27% | 1.19 | 41.64 Cr. |
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| IPO Open Date | January 16, 2026 |
| IPO Close Date | January 20, 2026 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹40 to ₹47 Per Share |
| Issue Size | Approx ₹38 Crores |
| Fresh Issue | Approx ₹33 Crores |
| Offer for Sale: | Approx 9,84,400 Equity Shares |
| Issue Type | Book Build Issue |
| IPO Listing | BSE SME |
| DRHP Draft Prospectus | |
| RHP Draft Prospectus |