Viaz Tyres IPO Details ( Viaz Tyres Limited IPO Review )
(16 Feb 2023 – 21 Feb 2023)
Established in 2018, Viaz Tyres Limited is a company based in Ahmedabad that specializes in producing rubber tubes for a range of vehicles, including bicycles, two and three-wheelers, passenger vehicles, and industrial vehicles carrying heavy loads. In addition to its core offerings, the company also offers supplementary products, such as Off The Road (OTR) Tyre tubes, Animal Driven Vehicle (ADV) Tubes, Engine Oil, and Grease, which it supplies under its own private label.
The company markets its rubber tubes, bicycle tires, and ancillary products under the brand name “Viaz” both domestically and internationally.
Viaz Tyres Limited operates a production facility located at Nandasan near Ahmedabad, Gujarat, India, with the capacity to manufacture 7,00,000 tubes per month. The company has established a network of 15 domestic distributors throughout India, as well as a presence in 5 countries, including the United States, Turkey, Romania, the United Arab Emirates, and Colombia.
Recently, the company has expanded its business by securing an exclusive distributorship for Maxxis Rubbers Private Limited tires in Turkey.
Viaz Tyres Company Product:
- Bicycle Tube
- Two & Three Wheelers Tubes
- Passenger Car Tubes
- Bicycle tyres
- Other ancillary products
Viaz Tyres IPO Competitive Strength
- Experienced Promoters and Management Team
- Widespread distribution network
- Wide range of Products
- Long standing relationship with distributors
Viaz Tyres IPO Business Strategy
- Improve Sales
- Leveraging our market skills and relationship
- To increase brand visibility
- Maintaining edge over competitors
Viaz Tyres IPO Financials Performance ( Results )
Viaz Tyres Limited Financial Information ( Consolidated )
All Amount in ₹ Lakhs
| Period Ended | Total Assets | Total Revenue | Profit After Tax (PAT) | EPS | Net Worth | Borrowing |
| 31-Mar-20 | 2429.97 | 1994.37 | 14.51 | 0.18 | 432.93 | 1895.94 |
| 31-Mar-21 | 2713.32 | 2917.26 | 60.64 | 0.71 | 493.56 | 2047.89 |
| 31-Mar-22 | 2898.38 | 2933.04 | 146.91 | 1.72 | 640.47 | 1996.09 |
| 30-Sep-22 | 3405.87 | 2379.1 | 152.72 | 1.72 | 1098.19 | 2003.36 |
Objective of IPO Issue
- Repayment or Prepayment or part repayment of Loan
- To Meet Working Capital Requirements
- General Corporate Purpose
- To meet Public Issue Expenses
Viaz Tyres IPO Basic Details
| IPO Date | Feb 16, 2023 to Feb 21, 2023 |
| Listing Date | Wednesday, March 01, 2023 |
| 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 |
| NII (HNI) Shares Offered | 50% of the Offer |
| Retail Shares Offered | 50% of the Offer |
| 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 Timetable
Viaz Tyres IPO will open on Feb 16, 2023 and close on Feb 21, 2023. You can join Viaz Tyres IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | 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 01, 2023 |
Viaz Tyres IPO Lot Size
For retail investors in Viaz Tyres IPO, 2000 shares will come in 1 lot or the minimum investment will be ₹124,000. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹124,000.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 2000 | ₹124,000 |
| Retail (Max) | 1 | 2000 | ₹124,000 |
| S-HNI (Min) | 2 | 4000 | ₹248,000 |
Viaz Tyres IPO Promoter Holding
| Pre Issue Share Holding | 99.2% |
| Post Issue Share Holding | 73.07% |
Viaz Tyres IPO Valuation – FY2022
| Earning Per Share (EPS) | ₹1.72 per Equity Share |
| Price/Earning P/E Ratio | 24.90 |
| Return on Net Worth (RoNW) | 22.94% |
| Net Asset Value (NAV) | ₹7.51 per Equity Share |
| Upper Price/Book Value (Price/BV) Ratio | 5.09 |
Viaz Tyres Limited Peer comparison
As per the offer document, the company has no listed peers to compare with.
Viaz Tyres IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| 22 February 2023 | ₹1 | – | – |
| 21 February 2023 | ₹2.5 | – | – |
| 20 February 2023 | ₹2.5 | – | – |
| 19 February 2023 | ₹2 | – | – |
| 18 February 2023 | ₹2 | – | – |
| 17 February 2023 | ₹-1 | – | – |
| 16 February 2023 | ₹-3 | – | – |
| 15 February 2023 | ₹-5 | – | – |
| 14 February 2023 | ₹-4 | – | – |
| 13 February 2023 | ₹-3 | – | – |
| 12 February 2023 | ₹-3 | – | – |
| 11 February 2023 | ₹-3 | – | – |
Viaz Tyres IPO Detail Video:
Viaz Tyres IPO Subscription Status (Bidding Detail)
The Viaz Tyres IPO on Feb 21, 2023 at 7:00:00 PM was subscribed 5.79 times, with the retail category being subscribed 6.25 times, the NII (Non-Institutional Investor) category being subscribed 5.33 times.
| Category | Subscription |
| NII | 5.33x |
| Retail | 6.25x |
| Total | 5.79x |
Viaz Tyres IPO Prospectus
Viaz Tyres IPO Rating
| Our Rating | 1.0/5.0 |
Viaz Tyres Compnay Contact Information
Registered Office: 915/916, Maple Trade, Near Surdhara Circle,
SAL Hospital Road, Thaltej, Ahmedabad, Gujarat, India – 380 059
Telephone No: 079-46016174
Website: www.viaztyres.com
E-Mail: cs@viaztyres.com
Company Secretary and Compliance Officer: Ms. Akshita Dave
Viaz Tyres IPO Registrar
LINK INTIME INDIA PRIVATE LIMITED
Address: C-101, 1st Floor, 247 Park, Lal Bahadur Shastri Marg,
Vikhroli (West), Mumbai, Maharashtra, India – 400 083.
Tel. Number: +91 810 811 4949
Email Id: viaztyres.ipo@linkintime.co.in
Investors Grievance Id: viaztyres.ipo@linkintime.co.in
Website: www.linkintime.co.in
Contact Person: Shanti Goapalkrishnan
CIN: U67190MH1999PTC118368
SEBI Registration Number: INR000004058
Viaz Tyres IPO Lead Manager
BEELINE CAPITAL ADVISORS PRIVATE LIMITED
Address: 807, Phoenix, Opp. Girish Cold Drinks, Near Vijay Cross Roads,
Navrangpura, Ahmedabad – 380 009, Gujarat.
Telephone Number: +91 79 4840 5357
Email Id: mb@beelinemb.com
Investors Grievance Id: ig@beelinemb.com
Website: www.beelinemb.com
Contact Person: Mr. Nikhil Shah
CIN: U67190GJ2020PTC114322
SEBI Registration Number: INM000012917
Viaz Tyres IPO FAQs
What is the lot size of Viaz Tyres IPO?
The total issue size of Viaz Tyres IPO is ₹20 crores and this is a complete fresh Issue.
When will Viaz Tyres IPO start?
Viaz Tyres IPO will start from 16 Feb 2023 and IPO will Close on 21 Feb 2023.
What is the open date of Viaz Tyres IPO?
Viaz Tyres IPO will Open from 16 Feb 2023.
What is the last date ( close date ) of Viaz Tyres IPO?
Viaz Tyres IPO will Close from 21 Feb 2023.
What is the price band of Viaz Tyres IPO?
Viaz Tyres IPO Price Band is ₹62.
What is the minimum amount required to apply for Viaz Tyres IPO?
The minimum investment for retailers to apply for Viaz Tyres IPO is ₹124,000 and the maximum investment is ₹124,000.
What is going on gray market premium of Viaz Tyres IPO?
View gray market premium of Viaz Tyres IPO by Clicking Here
How much is the GMP of Viaz Tyres IPO?
Watch Viaz Tyres IPO GMP Today: Click Here
What is the allotment date of Viaz Tyres IPO?
The Allotment Date of Viaz Tyres IPO is 24 February 2023.
How to check allotment status in Viaz Tyres IPO?
To check the allotment status of Viaz Tyres IPO, first of all go to the registrar website by clicking here, select your bad Viaz Tyres IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of Viaz Tyres IPO?
The Listing Date of Viaz Tyres IPO is 01 March 2023.
How much will be the listing gain in Viaz Tyres IPO?
View listing gain of Viaz Tyres IPO by Clicking Here
How much time Viaz Tyres IPO is subscribed?
Total 5.79 times subscribed in Viaz Tyres IPO out of which 6.25 times subscription was done in retail quota, 5.33 times subscription in NII quota.
How to apply for Viaz Tyres IPO from Upstox?
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How to apply for Viaz Tyres IPO from Angle One?
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