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Viaz Tyres Limited IPO Details

by Koushik Gope
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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 DateFeb 16, 2023 to Feb 21, 2023
Listing DateMar 1, 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
P/E (x)24.9
Market Cap (₹ Cr.)75.96
NII (HNI) Shares Offered50% of the Net Issue
Retail Shares Offered50% of the Net Issue
Market MakerSUNFLOWER BROKING PVT. LTD.
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.

IPO Tentative Timetable

EventTentative Date
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 1, 2023

Viaz Tyres IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)12000₹124,000
Retail (Max)12000₹124,000
HNI (Min)24,000₹248,000

Company Financials

Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthTotal Borrowing
31-Mar-202,429.971,994.3714.51432.931,895.94
31-Mar-212,713.322,917.2660.64493.562,047.89
31-Mar-222,898.382,933.04146.91640.471,996.09
30-Sep-223,405.872,379.10152.721,098.192,003.36
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
Websitehttps://www.viaztyres.com/

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