Aritas Vinyl IPO Subscribed 30% on Day 1

Aritas Vinyl Limited is a company that makes artificial leather and other technical textiles.

They are offering shares to the public for the first time, which is called an IPO.

The IPO started on January 16 and will end on January 20.

The price for each share is between ₹40 and ₹47.

On the first day, 30% of the shares were bought, with retail investors buying 7% and non-institutional investors buying 65%.

The company wants to use the money raised to improve their business and invest in solar power.

The shares are expected to be worth ₹56 when they start trading, which is higher than the IPO price.