Aritas Vinyl IPO: Check GMP, price band, subscription and other details

The IPO of Aritas Vinyl has opened for subscription on Friday with the issue entering the market amid muted grey market sentiment. The Rs 38 crore book-built issue is quoting at a grey market premium of 0%, indicating expectations of a flat listing at current levels.The IPO, which will close on January 20, is priced in a band of Rs 40 to Rs 47 per share and is slated to list on the BSE SME platform on January 23.Aritas Vinyl's public offer comprises a fresh issue of shares worth Rs 32.9 crore and an offer for sale of Rs 4.6 crore by existing shareholders, taking the total issue size to about Rs 37.5 crore. The proceeds from the fresh issue will be used primarily to fund working capital requirements and capital expenditure for a solar power project, along with general corporate purposes.In the grey market, the IPO is currently trading with no premium over the issue price. A GMP of 0% suggests that unofficial market participants are not factoring in any immediate listing gains. While grey market trends often reflect short-term sentiment, they are only a directional indicator and can change closer to the listing date depending on subscription response and broader market conditions.The IPO structure is tilted towards retail investors, with around 56.5% of the net offer reserved for the retail category. Non-institutional investors have been allocated about 37.5% of the issue, while qualified institutional buyers account for just under 1%. A portion of the issue has also been reserved for the market maker.The minimum application size for retail investors is 6,000 shares, translating into an investment of Rs 2.82 lakh at the upper end of the price band.Aritas Vinyl is engaged in the manufacturing and trading of artificial leather products, including PU synthetic leather and PVC-coated leather. The company caters to sectors such as automotive, fashion accessories and interior design, and also exports to markets including the UAE, USA, Greece and Sri Lanka. Its manufacturing facility in Ahmedabad has an annual capacity of about 7.8 million square metres.On the financial front, the company reported total income of Rs 98 crore in FY25 and a profit after tax of Rs 4.1 crore. For the five months ended August 2025, profit stood at Rs 2.4 crore.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)