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 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 |
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 Details
| IPO Date | Feb 16, 2023 to Feb 21, 2023 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹62 per share |
| Lot Size | 2000 Shares |
| Issue Size | 3,226,000 shares of ₹10 (aggregating up to ₹20.00 Cr) |
| Fresh Issue | 3,226,000 shares of ₹10 (aggregating up to ₹20.00 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| P/E (x) | 24.9 |
| Market Cap (₹ Cr.) | 75.96 |
| NII (HNI) Shares Offered | 50% of the Net Issue |
| Retail Shares Offered | 50% of the Net Issue |
| Market Maker | SUNFLOWER BROKING PVT. LTD. |
| 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 Patel are the promoters of the company. |
Viaz Tyres IPO Tentative Timetable
Viaz Tyres IPO opens on Feb 16, 2023, and closes on Feb 21, 2023. The Viaz Tyres IPO bid date is from Feb 16, 2023 10.00 A.M. to Feb 21, 2023 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.
| 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 |
Viaz Tyres IPO Lot Size
The Viaz Tyres IPO lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹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 |
Viaz Tyres IPO Promoter Holding
| Pre Issue Share Holding | 99.2% |
| Post Issue Share Holding | 73.07% |
Viaz Tyres IPO Review
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…
Viaz Tyres IPO Subscription Status (Bidding Detail)
The Viaz Tyres IPO is subscribed 0.92 times on Feb 20, 2023 11:24:00 AM. The public issue subscribed 1.42 times in the retail category, times in the QIB category, and 0.41 times in the NII category. Check Day by Day Subscription Details (Live Status) Reload Subscription
| Category | Subscription (times) |
|---|---|
| NII | 0.41 |
| Retail | 1.42 |
| Total | 0.92 |
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/