Aritas Vinyl Shares to List Today. Check GMP prior to debut

Aritas Vinyl Shares to List Today. Check GMP prior to debut

Shares of Aritas Vinyl are set to debut on the BSE SME platform on January 23, with gray market signals pointing to a subdued start. The IPO uses a gray market premium (GMP) of 0%, suggesting the expectation of a flat quotation close to the issue price.The public issue of Rs 37.52 crore, which closed for subscription on January 20, was a mix of fresh capital and an offer for sale.

Aritas Vinyl is active in the field of technical textiles and produces artificial leather, PU artificial leather and PVC coated fabrics using transfer coating technology.

The products are supplied to a wide range of end markets including automotive upholstery, fashion accessories and interior furnishings, with exports to regions including the Middle East, Europe, the US and Sri Lanka. The company’s manufacturing facility is located in Ahmedabad and has an installed capacity of approximately 7.8 million square meters per annum.

Financially, Aritas Vinyl has reported steady growth in recent years, although margins remain modest. For the period ended August 31, 2025, the company reported total income of Rs 40.6 crore and profit after tax of Rs 2.42 crore.


Proceeds from the new issue will largely be used for working capital needs and a solar energy project, in addition to general corporate purposes. The promoter’s shareholding will fall sharply after the IPO, another factor that investors are closely watching.

With gray market indicators pointing to a subdued debut, Aritas Vinyl’s listing is expected to follow broader market sentiment rather than offering immediate upside potential. Investors are likely to focus more on the company’s execution, debt management and margin improvement in the coming quarters to assess its longer-term post-listing potential.

(Disclaimer: Recommendations, suggestions, views and opinions expressed by the experts are their own. These do not represent the views of the Economic Times)

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