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₹47 - 47
Aritas Vinyl Ltd
LeatherIPOSME
₹47 - 47
Our Company is engaged in manufacturing of technical textile, such as "Artificial leather" also known as PU Synthetic leather and PVC-coated leather, using the latest technology known as Transfer Coating Technology.
Lot3,000Min Invest₹2,82,000Face Value₹10Issue Size₹38 CrFresh Issue₹33 CrOffer for Sale₹5 CrListing Price₹47CMP₹15
Timeline
16 Jan
Bidding opens
20 Jan
Bidding closes
21 Jan
Allotment
22 Jan
Refund & demat credit
23 Jan
Listing
Subscription
Subscription opens once dates are announced
Reports
Offer Details
Terms
Issue Size₹38 Cr0.80 Cr shares
Fresh Issue₹33 Cr
Offer for Sale₹5 Cr
Face Value₹10
Lot Size3,000 shares
ReservationQIB 1.03% · NII 39.45% · RETAIL 59.52%
Application Sizes
Retail₹2,82,0001-1 lots
sNII₹2,82,000from 2 lots
bNII₹11,28,000from 8 lots
Managers & Registrar
Lead ManagerInteractive Financial Services Ltd
RegistrarBigshare Services Pvt Ltd
Ownership & Proceeds
Offer for Sale
Selling ShareholderShares OfferedAmt ₹ CrAnilkumar Prakashchandra AgrawalPRMTR1,26,2140.59Sanjaykumar Kantilal PatelPRMTR96,3730.45Mohit Ashokkumar AgrawalPRMTR1,00,8030.47Ankit Anilbhai AgrawalPRMTR59,3530.28Shubham Sunilbhai AgrawalPRMTR59,3520.28Sahil Sureshkumar AgarwalOTH78,7520.37Pradipkumar ChuriwalaOTH58,3750.27Chandraprakash ChuriwalaOTH58,3750.27Anilkumar Gopaldas AgrawalOTH25,7910.12Agrawal Sunilkumar GopaldasOTH25,7910.12Manoj Vimal AgarwalOTH15,9470.07Divyesh Sureshbhai PatelOTH50,8930.24Agrawal Ashaben RajendraOTH38,6870.18Agrawal Keshav BhagwandasOTH25,7910.12Heena Akhil AgrawalOTH18,3100.09Agrawal RamavatarOTH25,7910.12Khanjil Chetan VoraOTH39,3760.19Manishkumar Vimalbhai AgrawalOTH48,5310.23Lalitadevi Sudhir AryaOTH31,8950.15Total9,84,4004.63
Shareholding
CategoryPre IPOPost IPOPromoter Group47.22%28.2%Public52.78%71.8%
Objects of the Issue
- Capital Expenditure for Solar Power Project
- Working Capital
- General corporate purposes
Financials
Profit & Loss
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| RevenueCr | 30 | 51 | 69 | 98 | 101 |
| Operating ProfitCr | 2 | 3 | 4 | 8 | 9 |
| OPM% | 7.7 | 5.9 | 6.3 | 8.6 | 9.0 |
| PBTCr | 1 | 1 | 2 | 5 | 6 |
| PATCr | 1 | 1 | 2 | 4 | 5 |
| EPS | 3 | 4 | 2 | 4 | 3 |
Balance Sheet
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Equity CapitalCr | 3 | 3 | 3 | 13 | 20 |
| ReservesCr | 1 | 2 | 3 | 8 | 35 |
| BorrowingsCr | 23 | 33 | 53 | 37 | 31 |
| Total AssetsCr | 37 | 58 | 76 | 95 | 111 |
Cash Flow
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Operating Cash FlowCr | -8 | -8 | -9 | 9 | -14 |
| Investing Cash FlowCr | -2 | -1 | -8 | -1 | -6 |
| Financing Cash FlowCr | 10 | 9 | 18 | -8 | 21 |
| Net Cash FlowCr | 0 | 0 | 0 | 0 | 0 |
Strengths & Risks
Strengths · as stated in the DRHP
- Improve and increase Operational efficiencies and cost minimization.
- Market Penetration & Development.
- Focus on the product development of new products, through process innovation.
- Establish OEM Partnerships.
- Enhancing branding, promotional and marketing activities.
Strategies · as stated in the DRHP
- Improve and increase Operational efficiencies and cost minimization.
- Market Penetration & Development.
- Focus on the product development of new products, through process innovation.
- Establish OEM Partnerships.
- Enhancing branding, promotional and marketing activities.
Risks · as stated in the DRHP
- We have a limited operating history in manufacturing.
- The Company has made Preferential allotment in the financial year 2020-21 for the allotment of 20,00,000 Equity shares on Various Dates without obtaining the valuation report from the registered valuer as required u/s 62(1)(c) of the companies act 2013.
- Our Manufacturing Units are subject to inspection under the GPCB.
- We use certain raw materials which are easily inflammable, any event of fire or misshape could expose us to the risk of liabilities, loss of revenue and increased expenses.
- We are subject to strict compliance of the quality and use of our products. Any deviation of the quality not as per the specification of the customers may harm our reputation and/or have an adverse impact on our sales, revenue and profitability.
- The disadvantages of artificial leather include environmentally harmful production, environmentally harmful disposal and the comparatively lower quality compared to real leather. So, if Government imposes restrictions/new regulations on the production and use of artificial leather, it will have an adverse effect on our business, revenue and profitability.