Aritas Vinyl IPO Shows Moderate Response, Subscribed 2.21x on Day 3

Aritas Vinyl Limited's initial public offering (IPO) has demonstrated moderate investor interest through its third day of subscription. The stock price band is set at ₹40-47 per share. The ₹37.52 crore IPO reached 2.21 times by 4:59:53 PM on day three. This indicates moderate investor interest in this company engaged in the manufacturing and trading of technical textile, such as artificial leather also known as PU synthetic leather and PVC-coated leather, incorporated in 2020.

Aritas Vinyl IPO subscription reached moderate 2.21 times on day three. It was led by Individual Investors (2.88x), Non-Institutional Investors (1.24x), and Qualified Institutional Buyers Ex-Anchor (1.00x). Total applications reached 2,304.

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Subscription Status of Aritas Vinyl IPO:

Here are the subscription details for Aritas Vinyl IPO as of Day 3 (January 20, 2026, 4:59:53 PM):

Key Highlights - Day 3:

• Overall subscription reached moderate 2.21 times, showing substantial improvement from day two's 1.46 times
• Individual investors displaying moderate confidence at 2.88 times, building substantially from day two's 1.78 times, indicating moderate retail demand for this SME IPO
• Qualified institutional buyers (ex-anchor) displaying moderate performance at 1.00 times, building substantially from day two's 0.00 times, indicating measured institutional interest
• Total applications reached 2,304, showing limited investor participation for this SME IPO, a substantial increase from day two's applications
• Cumulative bid amount reached ₹78.82 crores, modestly exceeding the net offer size of ₹35.63 crores (excluding market maker portion) by approximately 2.2 times
• Market makers fully subscribed their allocation of ₹1.89 crores

Key Highlights - Day 2:

• Overall subscription reached moderate 1.46 times, showing substantial improvement from day one's 0.47 times
• Individual investors displaying moderate confidence at 1.78 times, building substantially from day one's 0.26 times
• Non-institutional investors showing moderate performance at 1.03 times, building substantially from day one's 0.80 times
• Qualified institutional buyers displaying negligible performance at 0.00 times, unchanged from day one's 0.00 times

Key Highlights - Day 1:

• Overall subscription reached weak 0.47 times, showing cautious initial investor interest
• Non-institutional investors displaying weak performance at 0.80 times, indicating weak HNI interest
• Individual investors showing weak confidence at 0.26 times, indicating weak retail appetite
• Qualified institutional buyers displaying negligible performance at 0.00 times, indicating no institutional interest on day one

About Aritas Vinyl

Incorporated in 2020, Aritas Vinyl Limited is engaged in the manufacturing and trading 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. The company produces artificial leather, PVC vinyl, and related products, serving various industries such as automotive, fashion, and interior design.