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.
Viaz Tyres IPO – Details
| IPO Opening Date | 16 February 2023 |
| IPO Closing Date | 21 February 2023 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | 32,26,000 Shares Worth ₹20.00 Crore Fresh Issue: 32,26,000 Shares Worth ₹20.00 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹62 |
| Market Lot | 2000 Shares |
| Min Order1 | 2000 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Link Intime India Private Ltd |
| Retail Shares Offered | 50% |
| NII (HNI) Shares Offered | 50% |
Viaz Tyres IPO – Date Schedule
| IPO Open Date | 16 February 2023 |
| IPO Close Date | 21 February 2023 |
| Basis of Allotment | 24 February 2023 |
| Initiation of Refunds | 27 February 2023 |
| Credit of Shares to Demat Account | 28 February 2023 |
| IPO Listing Date | 01 March 2023 |
Viaz Tyres IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Minimum | 1 | 2000 | 1,24,000 |
| Maximum | 1 | 2000 | 1,24,000 |
Competitive Strengths
- Experienced Promoters and Management Team.
- Widespread distribution network.
- Wide range of Products.
- Long standing relationship with distributors.
Company Promoters
- Mr. Janakkumar Mahendrakumar Patel
- Mr. Rajeshkumar Prabhudasbhai Patel
- Mr. Parichaykumar Maganbhai Patel
- Mrs. Himaben Janakkumar Patel
- Mrs. Nirmaben Rajeshkumar Patel
- Mrs. Kenaben Parichaykumar Patel
Object Of The Issue
- Repayment or Prepayment or part repayment of Loan.
- To Meet Working Capital Requirements.
- General Corporate Purpose.
- To meet Public Issue Expenses.
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax |
|---|---|---|---|
| 31 March 2020 | 19.94 | 19.74 | 0.14 |
| 31 March 2021 | 29.17 | 28.52 | 0.60 |
| 31 March 2022 | 29.33 | 27.32 | 1.46 |
| 30 September 2022 | 23.79 | 21.75 | 1.52 |
Viaz Tyres IPO Promoter Holding
| Pre Issue Share Holding | 99.20% |
| Post Issue Share Holding | 73.07% |
Viaz Tyres IPO Prospectus
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 Lead Manager(s)
| 1. Beeline Capital Advisors Pvt Ltd |
Viaz Tyres IPO FAQs
| What is Viaz Tyres IPO? Viaz Tyres IPO is a SME IPO. The issue is priced at ₹62 per equity share. The IPO is to be listed on NSE SME. |
| When Viaz Tyres IPO will open? The IPO is to open on 16 February 2023 for NII and Retail Investors. |
| What is Viaz Tyres IPO Investors Portion? The investors portion for NII-50%, and Retail-50%. |
| How to Viaz Tyres IPO? You can apply Viaz Tyres IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Viaz Tyres IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Viaz Tyres”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Viaz Tyres IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Viaz Tyres”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss. |
| What is Viaz Tyres IPO Size? Viaz Tyres IPO size is ₹20.00 crores. |
| What is Viaz Tyres IPO Price Band? Viaz Tyres IPO Price Band is ₹62. |
| What is Viaz Tyres IPO Minimum and Maximum Lot Size? The minimum bid is 2000 Shares with ₹1,24,000 amount while the maximum bid is 2000 shares with ₹1,24,000. |
| What is the Viaz Tyres IPO Allotment Date? Viaz Tyres IPO allotment date is 24 February 2023. |
| What is the Viaz Tyres IPO Listing Date? Viaz Tyres IPO listing date is 01 March 2023. The IPO is to list on NSE SME. |
