Viaz Tyres IPO

Viaz Tyres IPO will open for subscription from 16 February 2023. the company aims for an issue size of 20 Cr through this IPO.

About Company

Ahmedabad-based Viaz Tyres is 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.

The company sells rubber tubes, bicycle tires, and ancillary products under the brand name “Viaz” in domestic as well as international markets. Viaz Tyres has a production facility with an installed capacity of manufacturing 7,00,000 Tubes per Month at Nandasan near Ahmedabad, Gujarat India. It has 15 domestic distributors for rubber tubes across India. The company also has a presence in 5 countries namely the United States of America, Turkey, Romania, the United Arab Emirates, and Colombia.

Basic details about the company

Full nameViaz Tyres Limited
SectorAutomobiles & Ancillaries
IndustryTyres & Allied
Company Website

The objective of the Issue

  • Repayment or Prepayment or part repayment of Loan
  • To Meet Working Capital Requirements
  • General Corporate Purpose
  • zTo meet Public Issue Expenses

Major Competitive strengths

  • Wide range of products.
  • Well-established domestic presence.
  • International presence.
  • Good customer relationship.

IPO Timetable

IPO Opening date16 February 2023
IPO Closing21 February 2023
Basis of Allotment24 February 2023
Initiation Refund27 February 2023
Credit to Demat Account28 February 2023
Listing Date01 March 2023

IPO details

Issue typeFixed Price Issue IPO
IPO issue size₹20 Cr – 3,226,000 shares
Fresh Issue₹20 Cr – 3,226,000 shares
Offer for saleNil
Face value₹10 per share
Offer price₹62 per share
Lot size2000 Shares
Retail Allocation50% of the Net Issue
Listing ExchangeNSE SME

IPO Lot Size

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

Reservation Details

NII (HNI) Shares Offered50% of the Net Issue
Retail Shares Offered50% of the Net Issue

Financial Performance

 FY 2020FY 2021FY 2022H1 FY 2023
Net income14.5160.64146.91152.72
(Amount in ₹ Lakhs)

Valuations & Margins

FY 2020FY 2021FY 2022
PE ratio36.05
RONW (%)3.3512.2922.94
ROCE (%)8.1913.8219.98

Company Promoters

  • Mr. Janakkumar Mahendrakumar Patel
  • Mr. Rajeshkumar Prabhudasbhai Patel
  • Mr. Parichaykumar Maganbhai Patel
  • Mrs. Himaben Janakkumar Patel
  • Mrs. Nirmaben Rajeshkumar Patel
  • Mrs. Kenaben Parichaykumar Patel

Promoter Holding

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

Lead Manager(s)

  • Beeline Capital Advisors Pvt Ltd

IPO Registrar

C-101, 1st Floor, 247 Park
L.B.S. Marg, Vikhroli West
Mumbai – 400 083, Maharashtra
Telephone: 91 810 811 4949

Contact Details

915/916, Maple Trade,
Near Surdhara Circle, SAL Hospital
Road, Thaltej, Ahmedabad,
Gujarat, India – 380 059
Phone: 079-46016174

Allotment Status

Viaz Tyres IPO allotment status will be available on Link Intime’s website. Click on Link Intime IPO weblink to get allotment status.

Final thoughts

Viaz Tyres IPO is going to hit Dalal street soon. applying for IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.

Happy Investing

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