Viaz Tyres IPO GMP | Detail, Date, Price, Review, Allotment

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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:

  1. Bicycle Tube
  2. Two & Three Wheelers Tubes
  3. Passenger Car Tubes
  4. Bicycle tyres
  5. 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 EndedTotal AssetsTotal RevenueProfit After Tax
EPSNet WorthBorrowing

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 DateFeb 16, 2023 to Feb 21, 2023
Listing DateWednesday, March 01, 2023
Face Value₹10 per share
Price₹62 per share
Lot Size2000 Shares
Issue Size3,226,000 shares of ₹10
(aggregating up to ₹20.00 Cr)
Fresh Issue3,226,000 shares of ₹10
(aggregating up to ₹20.00 Cr)
Issue TypeFixed Price Issue IPO
Listing AtNSE SME
NII (HNI) Shares Offered50% of the Offer
Retail Shares Offered50% of the Offer
Company PromotersMr. 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.

Opening DateFeb 16, 2023
Closing DateFeb 21, 2023
Basis of AllotmentFeb 24, 2023
Initiation of RefundsFeb 27, 2023
Credit of Shares to DematFeb 28, 2023
Listing DateMar 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.

Retail (Min)12000₹124,000
Retail (Max)12000₹124,000
S-HNI (Min)24000₹248,000

Viaz Tyres IPO Promoter Holding

Pre Issue Share Holding99.2%
Post Issue Share Holding73.07%

Viaz Tyres IPO Valuation – FY2022

Earning Per Share (EPS)₹1.72 per Equity Share
Price/Earning P/E Ratio24.90
Return on Net Worth (RoNW)22.94%
Net Asset Value (NAV)₹7.51 per Equity Share
Upper Price/Book Value (Price/BV) Ratio5.09

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

DateGMPKostakSubject 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.


Viaz Tyres IPO Prospectus

Viaz Tyres IPO DRHPDownload
Viaz Tyres IPO RHPDownload

Viaz Tyres IPO Rating

Our Rating1.0/5.0

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
Company Secretary and Compliance Officer: Ms. Akshita Dave

Viaz Tyres IPO Registrar


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:
Investors Grievance Id:
Contact Person: Shanti Goapalkrishnan
CIN: U67190MH1999PTC118368
SEBI Registration Number: INR000004058

Viaz Tyres IPO Lead Manager


Address: 807, Phoenix, Opp. Girish Cold Drinks, Near Vijay Cross Roads,
Navrangpura, Ahmedabad – 380 009, Gujarat.
Telephone Number: +91 79 4840 5357
Email Id:
Investors Grievance Id:
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?

Click Here to see how to apply for Viaz Tyres IPO from Upstox. (step by step)

How to apply for Viaz Tyres IPO from Zerodha?

Click Here to see how to apply for Viaz Tyres IPO from Zerodha. (step by step)

How to apply for Viaz Tyres IPO from Angle One?

Click Here to see how to apply for Viaz Tyres IPO from Angle One. (step by step)

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