Viaz Tyres IPO is an SME IPO.
About Viaz Tyres Ltd
Viaz Tyres Ltd, a 2018 incorporation situated in Ahmedabad, produces rubber tubes for bicycles, two- and three-wheelers, passenger cars, and heavy-load industrial vehicles. The business also deals in supplementary goods like white-labelled engine oil, grease, off-road (OTR) and animal-driven vehicle (ADV) tubes.
Under the brand name “Viaz,” the company sells rubber tubes, bicycle tyres, and related goods in both domestic and foreign markets.
The business has a production plant in Nandasan, a town near Ahmedabad, Gujarat, India, with an established capacity to produce 7,00,000 tubes per month. In India, it has 15 domestic distributors for rubber tubes. The company is also present in the following 5 nations: Colombia, the United States of America, Turkey, Romania, and the United Arab Emirates.
The company just began trading tyres through an exclusive tyre distributorship for Turkey for Maxxis Rubbers Private Limited.
Viaz Tyres IPO Details
IPO Date | Feb 16, 2023 to Feb 21, 2023 |
Listing Date | Mar 1, 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 |
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. |
IPO Tentative Timetable
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
Application | Lots | Shares | Amount |
---|---|---|---|
Retail (Min) | 1 | 2000 | ₹124,000 |
Retail (Max) | 1 | 2000 | ₹124,000 |
HNI (Min) | 2 | 4,000 | ₹248,000 |
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 |
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/