Viaz Tyres IPO GMP, Price, Dates & Allotment Details 2023
Viaz Tyres IPO will open on February 16 and close on February 21, 2023. As per the DRHP filed with SEBI, the company intends to raise approximately ₹ 20 crore through this public offering, consisting of 3,226,000 shares of face value of ₹ 10 each. Which will be issued at a price of ₹ 62 per share.
The company was incorporated in 2018 and is engaged in the manufacturing of rubber tubes for bicycles, two- and three-wheelers, passenger vehicles, and heavy-duty industrial vehicles. The company also deals in ancillary products like Off-the-Road (OTR) tyre tubes and Animal-Driven Vehicle (ADV) tyre tubes, engine oil, and grease on a white-label basis.
Further, the company has recently started selling bicycle tyres, which we get manufactured on a job-by-job basis, depending upon the market’s demands. They sell their products in both domestic and international markets.
Its core business can be divided into the following categories:
- Manufacturing of rubber tubes for bicycles, two- and three-wheelers, passenger vehicles, and heavy-load industrial vehicles; sale of ancillary products like Off-the-Road (OTR) tyre tubes and Animal Driven Vehicle (ADV) tubes, engine oil, and grease on white-label bases; and
- Tire trading via Maxxis Rubbers Private Limited’s exclusive distributorship for tyre sales in Turkey.
Objects of the Issue
The company proposes to utilize the net proceeds of the Fresh Issue towards funding the following objects:
- Repayment or prepayment or part repayment of loan.
- To meet working capital requirements.
- General corporate purposes.
- To meet public issue expenses.
Financial Highlights (Consolidated)
| Particulars | Period ended on 30th Sep. 2022 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|
| Net Worth | 1098 | 640 | 494 | 433 |
| Total Assets | 3406 | 2898 | 2713 | 2430 |
| Total Borrowing | 2003 | 1996 | 2048 | 1896 |
| Total Revenue | 2379 | 2933 | 2917 | 1994 |
| Profit After Tax | 153 | 147 | 61 | 15 |
Viaz Tyres IPO – Details
According to the DRHP filed with SEBI, the company plans to issue 3,226,000 shares of face value of ₹ 10 each, aggregating up to ₹ 20 crore.
| Issue Type | Fixed Price Issue IPO |
| IPO Price | ₹ 62 per share |
| Face Value | ₹ 10 per share |
| Market Lot | 2,000 shares |
| Issue Size | 3,226,000 shares of ₹ 10 (Aggregating up to ₹ 20 Crore) |
| Fresh Issue | 3,226,000 shares of ₹ 10 (Aggregating up to ₹ 20 Crore) |
| Retail Shares Offered | 50% of the Net Issue |
| NII (HNI) Shares Offered | 50% of the Net Issue |
| Listing At | NSE SME |
| 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. |
GMP – Viaz Tyres IPO
Viaz Tyres IPO GMP, or Grey Market Premium, are available here. The IPO GMP Premium updated day by day for IPOs’ running periods, and the GMP rates fluctuated and became stable some time later. The GMP rates are not 100% guaranteed. Please click here for GMP details.
Tentative Dates – Viaz Tyres IPO
Viaz Tyres IPO opens on February 9 and closes on February 13, 2023.
| Opening Date | February 16, 2023 |
| Closing Date | February 21, 2023 |
| Basis of Allotment | February 24, 2023 |
| Initiation of Refunds | February 27, 2023 |
| Credit of shares to Demat A/c | February 28, 2023 |
| Listing Date | March 1, 2023 |
Lot Size – Viaz Tyres IPO
The lot size of the Viaz Tyres IPO is 2,000 shares. A retail-individual investor can apply for up to 1 lot, i.e. 2,000 shares of ₹ 124,000.
| Applications | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Minimum) | 1 | 2,000 | ₹ 124,000 |
| Retail (Maximum) | 1 | 2,000 | ₹ 124,000 |
| HNI (Minimum) | 2 | 4,000 | ₹ 248,000 |
Promoters Holdings – Viaz Tyres IPO
| Pre-issue Shares Holdings | 99.20% |
| Post-issue Shares Holdings | 73.07% |
SWOT Analysis – Viaz Tyres IPO
| STRENGTHS | WEAKNESSES |
|---|---|
| 1. Wide spread of distribution channel. 2. Wide range of products. 3. Experienced promoters. | 1. Lack of brand awareness. 2. Lack of firm arrangement of finance. 3. Extreme dependency on laborers. |
| OPPORTUNITIES | THREATS |
| 1. Expanding new geographical markets. 2. Opportunities in digital sales like sales through websites. 3. Covering a new product range. | 1. Competitions from unorganized small players. 2. Changes in technologies. 3. Change in user preference. |
Miscellaneous Information
| Download Prospectus (PDF) | IPO DRHP IPO RHP |
| 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/ |
| IPO Registrar | Link Intime India Private Ltd Phone: +91-22-4918 6270 Email: viaztyres.ipo@linkintime.co.in Website: https://linkintime.co.in/ |
| IPO Lead Manager(s) | Beeline Broking Ltd |
FAQ’s
What is the Viaz Tyres IPO price?
The Viaz Tyres IPO price is ₹ 62 per share
What will be the Viaz Tyres IPO lot size?
One lot of Viaz Tyres IPO contains 2,000 shares of ₹ 124,000.
What minimum lot size can retail investors subscribe to?
The minimum investment size is one lot for retail investors.
When will Viaz Tyres IPO allotment be available?
The finalisation of the basis of allotment for the Viaz Tyres IPO will be done on February 24, 2023, and the allotted shares will be credited to your demat account by February 28, 2023. Check the Viaz Tyres IPO allotment status.
When will Viaz Tyres IPO list on exchanges?
The Viaz Tyres IPO shares listing date is March 1, 2023.
How many shares in the Viaz Tyres IPO Offer are reserved for HNIs and retail investors?
The investors’ portion for NII (HNI) – 50%, and Retail – 50%.
