Select Page

Viaz Tyres IPO GMP, Price, Dates & Allotment Details 2023

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:

  1. Repayment or prepayment or part repayment of loan.
  2. To meet working capital requirements.
  3. General corporate purposes.
  4. To meet public issue expenses.

Financial Highlights (Consolidated)

ParticularsPeriod ended on 30th Sep. 2022FY 2021-22FY 2020-21FY 2019-20
Net Worth1098640494433
Total Assets3406289827132430
Total Borrowing2003199620481896
Total Revenue2379293329171994
Profit After Tax1531476115
(Amount in ₹ Lakhs)

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 TypeFixed Price Issue IPO
IPO Price₹ 62 per share
Face Value₹ 10 per share
Market Lot2,000 shares
Issue Size3,226,000 shares of ₹ 10  (Aggregating up to ₹ 20 Crore)
Fresh Issue3,226,000 shares of ₹ 10  (Aggregating up to ₹ 20 Crore)
Retail Shares Offered50% of the Net Issue
NII (HNI) Shares Offered50% of the Net Issue
Listing AtNSE SME
PromotersMr. 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 DateFebruary 16, 2023
Closing DateFebruary 21, 2023
Basis of AllotmentFebruary 24, 2023
Initiation of RefundsFebruary 27, 2023
Credit of shares to Demat A/cFebruary 28, 2023
Listing DateMarch 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.

ApplicationsLotsSharesAmount 
Retail (Minimum)12,000₹ 124,000
Retail (Maximum)12,000₹ 124,000
HNI (Minimum)24,000₹ 248,000

Promoters Holdings – Viaz Tyres IPO

Pre-issue Shares Holdings99.20%
Post-issue Shares Holdings73.07%

SWOT Analysis – Viaz Tyres IPO

STRENGTHSWEAKNESSES
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.
OPPORTUNITIESTHREATS
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 InformationViaz Tyres Limited
915/916, Maple Trade, Near Surdhara Circle, SAL Hospital Road, Thaltej, Ahmedabad, 380059
Phone: 079-46016174
Email: [email protected]
Website: https://www.viaztyres.com/
IPO RegistrarLink Intime India Private Ltd
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://linkintime.co.in/
IPO Lead Manager(s)Beeline Broking Ltd 

FAQ’s

The Viaz Tyres IPO price is ₹ 62  per share

One lot of Viaz Tyres IPO contains 2,000 shares of ₹ 124,000.

The minimum investment size is one lot for retail investors.

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.

The Viaz Tyres IPO shares listing date is March 1, 2023.

The investors’ portion for NII (HNI) – 50%, and Retail – 50%.

Click here for more FAQs.

Leave a reply

Your email address will not be published. Required fields are marked *

Current IPO (Main Board)

Issuer CompanyOpenClose
Tata Technologies Ltd.--
Plaza Wires Ltd.29-Sep-234-Oct-23
27-Sep-233-Oct-23
Updater Services Ltd.25-Sep-2327-Sep-23
JSW Infrastructure ltd.25-Sep-2327-Sep-23
22-Sep-2326-Sep-23
20-Sep-2322-Sep-23
20-Sep-2322-Sep-23
Yatra Online Ltd.15-Sep-2320-Sep-23
14-Sep-2318-Sep-23

SME IPO

Issuer CompanyOpenClose
Rajgor Castor Derivatives Ltd.17-Oct-2320-Oct-23
WomanCart Ltd.16-Oct-2318-Oct-23
12-Oct-2316-Oct-23
Committed Cargo Care Ltd.6-Oct-2310-Oct-23
29-Sep-234-Oct-23
Karnika Industries Ltd.29-Sep-234-Oct-23
Plada Infotech Services Ltd.29-Sep-234-Oct-23
29-Sep-234-Oct-23
29-Sep-234-Oct-23
Vivaa Tradecom Ltd.27-Sep-234-Oct-23

RECENT COMMENT