Viaz Tyres Limited IPO Detail
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.
Company Promoters
Mr. Janakkumar Mahendrakumar Patel, Mr. Rajeshkumar Prabhudasbhai Patel, Mr. Parichaykumar Maganbhai Patel, Mrs. Himaben Janakkumar Patel, Mrs. Nirmaben Rajeshkumar Patel and Mrs. Kenaben Parichaykumar PatelIPO Details
| IPO Opening Date | Feb 16, 2023 |
| IPO Closing Date | Feb 21, 2023 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹62 per equity share |
| Market Lot | 2000 Shares |
| Min Order Quantity | 2000 Shares |
| Listing At | NSE SME |
| Issue Size | ₹20.00 Cr |
| Fresh Issue | ₹20.00 Cr |
| Offer for Sale | - |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | - | - | 0.10x | 0.60x | 0.35x | |
| Day 2 | - | - | 0.32x | 1.24x | 0.78x | |
| Day 3 | - | - | 1.63x | 2.30x | 1.96x | |
| Day 4 | - | - | 5.32x | 6.03x | 5.68x |
IPO Tentative Timetable
The Viaz Tyres Limited IPO open date is Feb 16, 2023, and the close date is Feb 21, 2023. The issue may list on Mar 01, 2023.
| IPO Open Date | Feb 16, 2023 |
| IPO Close Date | Feb 21, 2023 |
| Basis of Allotment Date | Feb 24, 2023 |
| Initiation of Refunds | Feb 27, 2023 |
| Credit of Shares to Demat Account | Feb 28, 2023 |
| IPO Listing Date | Mar 01, 2023 |
IPO Lot Size
The Viaz Tyres Limited IPO market lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹124000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 2000 | ₹124000 |
| Maximum | 1 | 2000 | ₹124000 |
IPO Promoter Holding
| Pre Issue Share Holding | 99.2% |
| Post Issue Share Holding | 73.07% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-20 | 2429.97 | 1994.37 | 14.51 |
| 31-Mar-21 | 2713.32 | 2917.26 | 60.64 |
| 31-Mar-22 | 2898.38 | 2933.04 | 146.91 |
| 30-Sep-22 | 3405.87 | 2379.1 | 152.72 |
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 Limited IPO Registrar:
Link Intime India Private Ltd
Viaz Tyres Limited IPO Lead Manager(s):
Beeline Broking Ltd
Company Contact Information:
Viaz Tyres Limited
915/916, Maple Trade,
Near Surdhara Circle, SAL Hospital Road,
Thaltej, Ahmedabad, 380059
