Established in 2018, Viaz Tyres Limited, based in Ahmedabad, specializes in manufacturing rubber tubes for bicycles, two and three-wheelers, passenger vehicles, and heavy-load industrial vehicles. Additionally, the company offers ancillary products such as Off The Road (OTR) Tyre tubes and Animal Driven Vehicle (ADV) Tubes, Engine Oil, and Grease under the brand name “Viaz” for both domestic and international markets.
The company’s production facility, located in Nandasan near Ahmedabad, Gujarat, has an impressive installed capacity of manufacturing 7,00,000 tubes per month. Viaz Tyres Limited boasts a network of 15 domestic distributors for rubber tubes across India and has a presence in 5 countries, including the United States of America, Turkey, Romania, the United Arab Emirates, and Colombia.
Recently, the company has expanded its offerings by trading Tyres through an exclusive distributorship of Maxxis Rubbers Private Limited tires for Turkey.
Stock Quote #
- Open: ₹48.45
- High – Low: ₹52.95 – ₹48.45
- Previous Close: ₹53.00
- Total Traded Value: 8,000
- Updated On: Jul 27, 2023 4:00 PM
IPO Details #
Viaz Tyres IPO is a Fixed Price Issue. The IPO total issue size is Rs 20.00 Cr. The Viaz Tyres IPO price is ₹62 per share. The IPO will list on NSE SME.
| 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 |
| Market Maker portion | 162,000 shares Sunflower Broking |
Viaz Tyres IPO Reservation #
IPO a total of 3,226,000 shares are offered. RII: 1,532,000 (47.49%), NII: 1,532,000 (47.49%).
| Anchor Investor Shares Offered | – |
| Market Maker Shares Offered | 162,000 (5.02%) |
| Other Shares Offered | 1,532,000 (47.49%) |
| Retail Shares Offered | 1,532,000 (47.49%) |
| Total Shares Offered | 3,226,000 (100%) |
IPO Timetable (Tentative) #
Viaz Tyres IPO opens on Feb 16, 2023, and closes on Feb 21, 2023.
| IPO Open Date | Thursday, 16 February 2023 |
| IPO Close Date | Tuesday, 21 February 2023 |
| Basis of Allotment | Friday, 24 February 2023 |
| Initiation of Refunds | Monday, 27 February 2023 |
| Credit of Shares to Demat | Tuesday, 28 February 2023 |
| Listing Date | Wednesday, 1 March 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Feb 21, 2023 |
Viaz Tyres IPO Lot Size #
The minimum lot size of this Viaz Tyres IPO is 2000 shares required is ₹124,000.
| 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 #
| 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 | |||||
Key Performance Indicator #
Viaz Tyres IPO Market Cap is Rs 75.96 Cr and P/E (x) is 24.9.
| KPI | Values |
|---|---|
| P/E (x) | 24.9 |
| Market Cap (₹ Cr.) | 75.96 |
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 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.
| Category | Subscription (times) |
|---|---|
| Other | 5.33 |
| Retail | 6.25 |
| Total | 5.79 |
Viaz Tyres IPO Prospectus #
Viaz Tyres IPO Listing Details #
| Listing Date | Mar 1, 2023 |
| BSE Script Code | |
| NSE Symbol | VIAZ |
| ISIN | INE0MO401019 |
| Final Issue Price | ₹62 per share |
Listing Day Trading Information #
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹62.00 |
| ₹68.00 |
| ₹68.00 |
| ₹71.40 |
| ₹68.05 |
Company Contact Information #
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 #
Phone: +91-22-4918 6270
Email: viaztyres.ipo@linkintime.co.in
Website: https://linkintime.co.in/mipo/ipoallotment.html
Viaz Tyres IPO Lead Manager(s) #
Frequently Asked Questions #
How can I check the Viaz Tyres IPO Allotment Status? #
The Viaz Tyres IPO Allotment Status is expected to be available on February 24, 2023. To check the allotment status, visit the Viaz Tyres IPO allotment status page and enter PAN number, Application Number, or DP Client ID of the demat account.
What are the IPO details of Viaz Tyres? #
- IPO Open: February 16, 2023
- IPO Close: February 21, 2023
- IPO Price: ₹62
- Face Value: ₹10
- IPO Size: ₹20.00 Crores
- Listing At: NSE SME
- Lot Size: 2000 shares
When will the Viaz Tyres IPO shares be listed? #
The Viaz Tyres IPO shares will be listed on March 1, 2023, at NSE SME.
What is the timetable/schedule for Viaz Tyres IPO? #
- Bid/Offer Opens On: February 16, 2023
- Bid/Offer Closes On: February 21, 2023
- Finalization of Basis of Allotment: February 24, 2023
- Initiation of Refunds: February 27, 2023
- Credit of Equity Shares: February 28, 2023
- Listing Date: March 1, 2023
Who are the promoters of Viaz Tyres Limited? #
The promoters of Viaz Tyres Limited are 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.
What is the IPO subscription status for Viaz Tyres IPO? #
- Qualified Institutional Buyers (QIB): Not applicable (0 times oversubscribed)
- Non-Institutional Investors (NII): 5.33 times oversubscribed
- Retail Individual Investor (RII): 6.25 times oversubscribed
What is the expected listing price of Viaz Tyres IPO shares? #
The expected listing price of Viaz Tyres IPO shares depends on various factors, including demand, nature of the business, market environment, and the state of the economy. The actual listing price will be known on the day of listing, which is March 1, 2023.
What is the lot size for Viaz Tyres IPO? #
The minimum lot size for Viaz Tyres IPO is 2000 shares, and the required amount is ₹124,000.
Please note that the information provided is based on the data available, and you may refer to the provided URLs for more details or any updates after this date.
