Viaz Tyres Limited IPO (Viaz Tyres IPO) Detail

Feb 16, 2023 - Feb 21, 2023

Incorporated in 2018, Viaz Tyres Limited is Ahmedabad-based company engaged in the manufacturing of rubber tubes for bicycles, two and three-wheelers, passenger vehicles, and heavy-load industrial vehicles. The company also deals in ancillary products like Off The Road (OTR) Tyre tubes and Animal Driven Vehicle (ADV) Tubes, Engine Oil, and Grease on white labeling bases.

Company sells rubber tubes, bicycle tires, and ancillary products under the brand name "Viaz" in domestic as well as international markets.

The company has its production facility with installed capacity of manufacturing 7,00,000 Tube per Month at Nandasan near Ahmedabad, Gujarat India. It has 15 domestic distributors for rubber tubes across India. Company also has presence in 5 countries namely United States of America, Turkey, Romania, United Arab Amirates and Colombia.

Company recently started trading Tyres through an exclusive distributorship of Maxxis Rubbers Private Limited tires for Turkey.

Objects of the Issue

The Issue Proceeds from the Fresh Issue will be utilized towards the following objects: 1. Repayment or Prepayment or part repayment of Loan 2. To Meet Working Capital Requirements 3. General Corporate Purpose 4. To meet Public Issue Expenses

Viaz Tyres IPO Details

IPO Date Feb 16, 2023 to Feb 21, 2023
Listing Date Mar 1, 2023
Face Value ₹10 per share
Price ₹62 per share
Lot Size 2000 Shares
Total Issue Size3,226,000 shares
(aggregating up to ₹20.00 Cr)
Fresh Issue3,226,000 shares
(aggregating up to ₹20.00 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME

Viaz Tyres IPO Reservation

NII (HNI) Shares Offered1,532,000 (50% of the Net Issue)
Retail Shares Offered1,532,000 (50% of the Net Issue)
Market Maker portion162,000 shares (SUNFLOWER BROKING PVT. LTD.)
Total Shares Offered3,064,000


KPI Values
P/E (x)24.9
Market Cap (₹ Cr.)75.96

Viaz Tyres IPO Tentative Timetable

Viaz Tyres IPO opens on Feb 16, 2023, and closes on Feb 21, 2023.

Event Tentative Date
Opening Date Feb 16, 2023
Closing Date Feb 21, 2023
Basis of Allotment Feb 24, 2023
Initiation of Refunds Feb 27, 2023
Credit of Shares to Demat Feb 28, 2023
Listing Date Mar 1, 2023
UPI Mandate Confirmation Cut-Off Time 5.00 PM on the issue closing day

Viaz Tyres IPO Lot Size

The Viaz Tyres IPO lot size is 2000 shares.

Application Lots Shares Amount
Retail (Min) 1 2000 ₹124,000
Retail (Max) 1 2000 ₹124,000
HNI (Min) 2 4,000 ₹248,000
Lot Size Calculator

Viaz Tyres IPO Promoter Holding

Mr. Janakkumar Mahendrakumar Patel, Mr. Rajeshkumar Prabhudasbhai Patel, Mr. Parichaykumar Maganbhai Patel, Mrs. Himaben Janakkumar Patel, Mrs. Nirmaben Rajeshkumar Patel and Mrs. Kenaben Parichaykumar Patel are the promoters of the company.

Pre Issue Share Holding 99.2%
Post Issue Share Holding 73.07%

Company Financials

Viaz Tyres Limited Financial Information (Standalone)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthTotal Borrowing
Amount in ₹ Lakhs

Viaz Tyres IPO Review (May apply)

[Dilip Davda]  The company is one of the top five tyre tube manufacturers and has witnessed a rise in its market share. Repayment of loans will boost its profits with savings in interest costs. Trading activities are a boosting tool for their marketing plans. Management is confident of posting growth in its top and bottom lines in the coming years. Well-informed investors may consider investment for a long-term reward. Read detail review...

Viaz Tyres IPO Subscription Status (Bidding Detail)

The Viaz Tyres IPO is subscribed 5.79 times on Feb 21, 2023 7:00:00 PM. The public issue subscribed 6.25 times in the retail category, times in the QIB category, and 5.33 times in the NII category. Check Day by Day Subscription Details (Live Status)

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Viaz Tyres IPO Prospectus

Viaz Tyres IPO Rating

Rating:Rated 4.1 stars
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Viaz Tyres IPO Listing Details

Listing Date Mar 1, 2023
BSE Script Code
IPO Price ₹62 per share

Listing Day Trading Information

Price Details
IPO Price
Last Trade

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Company Contact Information

Viaz Tyres Limited
915/916, Maple Trade,
Near Surdhara Circle, SAL Hospital Road,
Thaltej, Ahmedabad, 380059
Phone: 079-46016174
Email: cs@viaztyres.com
Website: https://www.viaztyres.com/

Viaz Tyres IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: viaztyres.ipo@linkintime.co.in
Website: https://linkintime.co.in/

Viaz Tyres IPO Analysis

Viaz Tyres IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
Members 0 1 1

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Viaz Tyres IPO FAQs

Viaz Tyres IPO is a SME IPO of 3,226,000 equity shares of the face value of ₹10 aggregating up to ₹20.00 Crores. The issue is priced at ₹62 per share. The minimum order quantity is 2000 Shares.

The IPO opens on Feb 16, 2023, and closes on Feb 21, 2023.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Zerodha customers can apply online in Viaz Tyres IPO using UPI as a payment gateway. Zerodha customers can apply in Viaz Tyres IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Viaz Tyres IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Viaz Tyres IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Viaz Tyres IPO opens on Feb 16, 2023 and closes on Feb 21, 2023.

Viaz Tyres IPO lot size is 2000 Shares and the minimum order quantity is .

You can apply in Viaz Tyres IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Viaz Tyres IPO will be done on Feb 24, 2023, and the allotted shares will be credited to your demat account by Feb 28, 2023. Check the Viaz Tyres IPO allotment status.

The Viaz Tyres IPO listing date is on Mar 1, 2023.
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