IPO

Viaz Tyres Limited IPO

NSE SME

Listed On: Mar 1, 2023 at ₹ 68.00

₹ 124000 /2000 Shares

Check Allotment

Viaz Tyres Limited IPO Details

16 Feb, 2023

Open Date

21 Feb, 2023

Close Date

24 Feb, 2023

Allotment Date

01 Mar, 2023

Listing Date

Issue Price

₹62 per equity share

Face Value

₹10 Per Equity Share 

Listing at Group

NSE SME

Registrar

Link Intime India Private Ltd

List Price

68.00

Listing Date

2023-03-01

Market Lot

2000 Shares (₹124,000/-)

Lead Manager

Beeline Capital Advisors Pvt Ltd

Issue Size

3,226,000 shares of ₹10 (aggregating up to ₹20.00 Cr)

Retail Portion

N/A

Subscription

5.77 times

IPO Docs

DRHP RHP

Viaz Tyres Limited IPO Subscription Details

As onQIB / NIIRetailTotal
Shares Offered / Reserved1,532,0001,532,0003,064,000
Day 1 - 16-02-23 06:00 PM0.10 x0.60 x0.35 x
Day 2 - 17-02-23 06:00 PM0.32 x1.24 x0.78 x
Day 3 - 20-02-23 06:00 PM1.63 x2.30 x1.96 x
Day 4 - 21-02-23 06:00 PM5.32 x6.21 x5.77 x

Viaz Tyres Limited Valuations

Earnings Per Share (EPS)

₹1.72/-

P/E Ratio

36.05

RoNW

22.94%

Net Asset Value (NAV)

₹7.51/-

Viaz Tyres Limited Company Financials All values are in ₹ Lakh

30-Sept-2231-Mar-2231-Mar-2131-Mar-20
Assets3405.872898.382713.322429.97
Revenue2379.12933.042917.261994.37
Profit After Tax152.72146.9160.6414.51

About The Company

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.

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Viaz Tyres Limited - Promoter(s)

Pre Issue Share Holding: 99.2%

Post Issue Share Holding: 73.07%

Company Promoter(s)

  1. Mr. Janakkumar Mahendrakumar Patel
  2. Mr. Rajeshkumar Prabhudasbhai Patel
  3. Mr. Parichaykumar Maganbhai Patel
  4. Mrs. Himaben Janakkumar Patel
  5. Mrs. Nirmaben Rajeshkumar Patel
  6. Mrs. Kenaben Parichaykumar Patel

Viaz Tyres Limited IPO - Issue Objectives

  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 - FAQs

Ans. Viaz Tyres Limited IPO is a SME IPO. The issue is priced at ₹62 per equity 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.

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

Ans. The size of Viaz Tyres Limited IPO is 3,226,000 shares of ₹10 (aggregating up to ₹20.00 Cr).

Ans. The IPO price band is set between ₹62 per equity share.

Ans. To apply for Viaz Tyres Limited IPO IPO, follow the steps given below:

  • - Open the IPO Ji App or Website
  • - Find Viaz Tyres Limited IPO in the List of IPOs
  • - Press "Apply" Button
  • - Select Your Demat Account
  • - Select Your Shares Quantity and Submit
  • - Track Your IPO Status

Ans. The share allotment date of Viaz Tyres Limited IPO is Feb 24, 2023.

Ans. The Viaz Tyres Limited IPO will be listed on Mar 1, 2023.

Ans. Follow the steps to check the allotment status for Viaz Tyres Limited IPO here.