Support and Resistance Levels
Past performance
About Aritas Vinyl Ltd Aritas Vinyl Limited, incorporated on April 17, 2020, as a private company and converted to a public limited entity on January 23, 2025, specializes in manufacturing technical textiles, specifically synthetic leather. The company focuses on PU Synthetic (polyurethane) and PVC-coated leather using advanced Transfer Coating Technology. Its manufacturing facility, located in Daskroi, near Ahmedabad, has a production capacity of 7.8 million meters annually, expanded from 4.2 million meters in FY24 through the addition of a new production line.
The company’s primary product, PVC leather, is a synthetic alternative to genuine leather, offering affordability, durability, water resistance, and low maintenance. It caters to several industries, including automotive (seat covers, door trims, dashboards), footwear (shoe linings, insoles, sandals), furniture and upholstery, as well as fashion accessories like bags, wallets, and belts. Products also find applications in stationery and garments.
Aritas Vinyl operates in a market witnessing increasing adoption of synthetic leather due to its environmental benefits and versatile use across industries. With its well-established production capacity and variety of offerings in color, texture, and patterns, the company is positioned to capture a growing share of this market.
To support growth and fund expansion, the company is planning an initial public offering (IPO) of 79,84,400 equity shares. The IPO comprises a fresh issue of 70,00,000 equity shares and an offer for sale of 9,84,400 equity shares, each with a face value of Rs. 10. This will provide potential investors an opportunity to participate in the expanding technical textiles segment, driven by the company's increasing capacity and diverse product portfolio.