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 name | Viaz Tyres Limited |
| Sector | Automobiles & Ancillaries |
| Industry | Tyres & Allied |
| Company Website | https://www.viaztyres.com/ |
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 date | 16 February 2023 |
| IPO Closing | 21 February 2023 |
| Basis of Allotment | 24 February 2023 |
| Initiation Refund | 27 February 2023 |
| Credit to Demat Account | 28 February 2023 |
| Listing Date | 01 March 2023 |
IPO details
| Issue type | Fixed Price Issue IPO |
| IPO issue size | ₹20 Cr – 3,226,000 shares |
| Fresh Issue | ₹20 Cr – 3,226,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Offer price | ₹62 per share |
| Lot size | 2000 Shares |
| Retail Allocation | 50% of the Net Issue |
| Listing Exchange | NSE SME |
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 |
Reservation Details
| NII (HNI) Shares Offered | 50% of the Net Issue |
| Retail Shares Offered | 50% of the Net Issue |
Financial Performance
| FY 2020 | FY 2021 | FY 2022 | H1 FY 2023 | |
| Revenue | 1,994.37 | 2,917.26 | 2,933.04 | 2,379.10 |
| Expenses | 1,974.77 | 2,852.70 | 2,732.06 | 2,175.02 |
| Net income | 14.51 | 60.64 | 146.91 | 152.72 |
Valuations & Margins
| FY 2020 | FY 2021 | FY 2022 | |
| EPS | 0.18 | 0.71 | 1.72 |
| PE ratio | – | – | 36.05 |
| RONW (%) | 3.35 | 12.29 | 22.94 |
| NAV | – | – | 7.51 |
| ROCE (%) | 8.19 | 13.82 | 19.98 |
| Debt/Equity | 4.38 | 4.15 | 3.12 |
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 Holding | 99.2% |
| Post Issue Share Holding | 73.07% |
Lead Manager(s)
- Beeline Capital Advisors Pvt Ltd
IPO Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park
L.B.S. Marg, Vikhroli West
Mumbai – 400 083, Maharashtra
Telephone: 91 810 811 4949
Email: viaztyres.ipo@linkintime.co.in
Website: www.linkintime.co.in
Contact Details
VIAZ TYRES LIMITED
915/916, Maple Trade,
Near Surdhara Circle, SAL Hospital
Road, Thaltej, Ahmedabad,
Gujarat, India – 380 059
Phone: 079-46016174
E-mail: cs@viaztyres.com
Website: www.viaztyres.com
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
