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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.
| 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 Size | 3,226,000 shares (aggregating up to ₹20.00 Cr) |
| Fresh Issue | 3,226,000 shares (aggregating up to ₹20.00 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| NII (HNI) Shares Offered | 1,532,000 (50% of the Net Issue) |
| Retail Shares Offered | 1,532,000 (50% of the Net Issue) |
| Market Maker portion | 162,000 shares (SUNFLOWER BROKING PVT. LTD.) |
| Total Shares Offered | 3,064,000 |
| KPI | Values |
|---|---|
| P/E (x) | 24.9 |
| Market Cap (₹ Cr.) | 75.96 |
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 |
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 | |||
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% |
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Total Borrowing |
|---|---|---|---|---|---|
| 31-Mar-20 | 2,429.97 | 1,994.37 | 14.51 | 432.93 | 1,895.94 |
| 31-Mar-21 | 2,713.32 | 2,917.26 | 60.64 | 493.56 | 2,047.89 |
| 31-Mar-22 | 2,898.38 | 2,933.04 | 146.91 | 640.47 | 1,996.09 |
| 30-Sep-22 | 3,405.87 | 2,379.10 | 152.72 | 1,098.19 | 2,003.36 |
| Amount in ₹ Lakhs | |||||
[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...
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)
| Category | Subscription (times) |
|---|---|
| Other | 5.33 |
| Retail | 6.25 |
| Total | 5.79 |
| Listing Date | Mar 1, 2023 |
| BSE Script Code | |
| NSE Symbol | VIAZ |
| ISIN | INE0MO401019 |
| IPO Price | ₹62 per share |
| Price Details |
|---|
| IPO Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹62.00 |
| ₹68.00 |
| ₹68.00 |
| ₹71.40 |
| ₹68.05 |
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/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: viaztyres.ipo@linkintime.co.in
Website: https://linkintime.co.in/
Are you an SME company looking for an IPO to raise funds and get listed in the stock market? We can help. Contact us today... SME IPO Enquiry Form
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
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.
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